Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$200M |
| 2 |
Danaher
DHR
|
+$146M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$138M |
| 4 |
Procter & Gamble
PG
|
+$122M |
| 5 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.89B |
| 2 |
Microsoft
MSFT
|
+$380M |
| 3 |
Alibaba
BABA
|
+$352M |
| 4 |
Wells Fargo
WFC
|
+$245M |
| 5 |
American Electric Power
AEP
|
+$243M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.91% |
| 2 | Technology | 7.43% |
| 3 | Financials | 6.52% |
| 4 | Consumer Discretionary | 5.69% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Berkshire Hathaway Class B
BRK.B
$1.06T
| $61.9M | 0.14% |
338,799
-299,423
| -47% | -$63.6M |
|
127
Cigna
CI
$73.3B
| $61.5M | 0.14% |
347,192
-465,955
| -57% | -$90.4M |
|
128
PUT
Goldman Sachs
GS
$303B
| $61.5M | 0.14% |
397,600
-97,600
| -20% | -$20.7M |
|
129
Novartis
NVS
$302B
| $61.1M | 0.14% |
+740,970
| New | +$66.1M |
|
|
WBC
130
DELISTED
WABCO HOLDINGS INC.
WBC
| $60.9M | 0.14% |
451,297
+141,034
| +45% | +$19M |
|
131
Entergy
ETR
$48.8B
| $60.1M | 0.14% |
1,280,206
-1,437,316
| -53% | -$85.2M |
|
132
Mastercard
MA
$509B
| $59.7M | 0.13% |
247,007
+28,273
| +13% | +$8.41M |
|
|
FEAC.U
133
DELISTED
Flying Eagle Acquisition Corp. Units, each consisting of one share of Class A common stock and one-f
FEAC.U
| $59.3M | 0.13% |
+5,950,600
| New | +$59.4M |
|
134
eBay
EBAY
$46.3B
| $58.4M | 0.13% |
1,942,323
-42,108
| -2% | -$1.47M |
|
135
AbbVie
ABBV
$468B
| $58.4M | 0.13% |
766,284
-969
| -0.1% | -$82.5K |
|
|
136
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $57.4M | 0.13% |
314,100
+209,100
| +199% | +$44.4M |
|
137
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $57.2M | 0.13% |
645,400
+426,800
| +195% | +$41.5M |
|
|
ETFC
138
DELISTED
E*Trade Financial Corporation
ETFC
| $57M | 0.13% |
1,660,060
-401,238
| -19% | -$17M |
|
139
KBR
KBR
$4.86B
| $56.6M | 0.13% |
2,737,712
+727,208
| +36% | +$18.8M |
|
140
CALL
Johnson & Johnson
JNJ
$651B
| $56.3M | 0.13% |
429,600
+99,400
| +30% | +$14.1M |
|
141
Starbucks
SBUX
$122B
| $56.2M | 0.13% |
854,171
-508,713
| -37% | -$41.1M |
|
142
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $55.9M | 0.13% |
1,026,400
+376,400
| +58% | +$22.8M |
|
143
CALL
Walmart Inc
WMT
$825B
| $55.5M | 0.12% |
1,465,800
+536,100
| +58% | +$20.6M |
|
144
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $55.3M | 0.12% |
1,128,168
+891,350
| +376% | +$52.6M |
|
|
HRC
145
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $54.6M | 0.12% |
543,123
-751,305
| -58% | -$77.8M |
|
146
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $54.2M | 0.12% |
1,956,200
-2,668,800
| -58% | -$85.4M |
|
|
PACK.WS
147
CALL
DELISTED
One Madison Corporation Warrants, each whole warrant is exercisable for one Class A Common Stock at
PACK.WS
| $53.8M | 0.12% |
4,970,000
+2,495,000
| +101% | +$3.09M |
|
148
UnitedHealth
UNH
$350B
| $53.7M | 0.12% |
215,294
+91,788
| +74% | +$25.3M |
|
149
CVS Health
CVS
$119B
| $53.6M | 0.12% |
903,541
-133,536
| -13% | -$8.91M |
|
150
Natera
NTRA
$47.9B
| $53.5M | 0.12% |
1,792,416
+75,359
| +4% | +$2.52M |
|
Similar funds
Israel Englander's Q1 2020 Portfolio in Review
As of Q1 2020, Israel Englander held 4,928 positions worth $44.5B, down 44% from $79.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Israel Englander withdrew a net $21.4B in Q1 2020, closing 1,154 positions and reducing 1,745 holdings. Its most notable exit was Becton Dickinson, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 10% a quarter earlier, followed by Technology and Financials.
Against the trend, Israel Englander opened a new position in Danaher worth $133M.
- Israel Englander's largest Q1 2020 buy was Danaher: 1,082,448 shares worth $133M.
- Israel Englander added most to Allergan plc in Q1 2020, an estimated $200M increase.
- Israel Englander's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $3.89B.
- Israel Englander fully exited Becton Dickinson in Q1 2020, selling an estimated $152M.
- Israel Englander's ten largest holdings make up 18% of its $44.5B portfolio in Q1 2020.
- Israel Englander opened 789 new positions and closed 1,154 in Q1 2020.
- Israel Englander's portfolio value fell 44% quarter-over-quarter to $44.5B.
Based on Millennium Management's 13F filing for Q1 2020, filed 14 May 2020.