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 | |
|---|---|---|---|---|---|---|
1501
Columbia Sportswear
COLM
$3.04B
| $3.86M | 0.01% |
+55,334
| New | +$4.7M |
|
|
SPR
1502
DELISTED
Spirit AeroSystems
SPR
| $3.86M | 0.01% |
161,322
-96,498
| -37% | -$5.34M |
|
1503
Beazer Homes USA
BZH
$884M
| $3.85M | 0.01% |
597,264
+392,898
| +192% | +$4.87M |
|
1504
Mercer International
MERC
$28.5M
| $3.85M | 0.01% |
531,165
-232,550
| -30% | -$2.33M |
|
1505
Beam Therapeutics
BEAM
$3.17B
| $3.84M | 0.01% |
+213,105
| New | +$4.63M |
|
1506
Stewart Information Services
STC
$2.1B
| $3.83M | 0.01% |
143,639
-95,057
| -40% | -$3.49M |
|
|
FTACW
1507
CALL
DELISTED
FinTech Acquisition Corp. III Warrant
FTACW
| $3.83M | 0.01% |
+382,500
| New | +$500K |
|
1508
PUT
Martin Marietta Materials
MLM
$37.9B
| $3.82M | 0.01% |
20,200
-56,000
| -73% | -$13.4M |
|
|
OMN
1509
DELISTED
OMNOVA Solutions Inc.
OMN
| $3.81M | 0.01% |
376,199
+129,746
| +53% | +$1.29M |
|
1510
Santander
BSBR
$43.1B
| $3.81M | 0.01% |
769,966
+327,490
| +74% | +$2.76M |
|
1511
Azenta
AZTA
$1.48B
| $3.81M | 0.01% |
124,985
+2,631
| +2% | +$95.8K |
|
1512
Owens Corning
OC
$11.7B
| $3.81M | 0.01% |
98,132
-1,053,810
| -91% | -$59M |
|
1513
Toronto Dominion Bank
TD
$195B
| $3.8M | 0.01% |
89,621
-348,753
| -80% | -$17.9M |
|
1514
CALL
Prudential Financial
PRU
$40.8B
| $3.78M | 0.01% |
72,500
-19,400
| -21% | -$1.54M |
|
1515
Intercorp Financial Services
IFS
$6.05B
| $3.78M | 0.01% |
136,339
+22,398
| +20% | +$847K |
|
|
SDC
1516
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $3.78M | 0.01% |
+808,560
| New | +$7.97M |
|
1517
Ducommun
DCO
$2.77B
| $3.77M | 0.01% |
+151,697
| New | +$5.84M |
|
|
YMAB
1518
DELISTED
Y-mAbs Therapeutics
YMAB
| $3.77M | 0.01% |
144,373
-244,922
| -63% | -$7.11M |
|
1519
CALL
Applied Materials
AMAT
$382B
| $3.77M | 0.01% |
82,200
-216,900
| -73% | -$12.5M |
|
1520
Public Storage
PSA
$60.1B
| $3.76M | 0.01% |
18,940
-13,035
| -41% | -$2.79M |
|
1521
Southern Copper
SCCO
$182B
| $3.76M | 0.01% |
145,774
-25,616
| -15% | -$849K |
|
1522
Enova International
ENVA
$6.12B
| $3.74M | 0.01% |
258,359
-6,849
| -3% | -$136K |
|
|
PDCE
1523
DELISTED
PDC Energy, Inc.
PDCE
| $3.74M | 0.01% |
+602,631
| New | +$10.9M |
|
1524
Domo
DOMO
$177M
| $3.74M | 0.01% |
375,856
+5,124
| +1% | +$103K |
|
|
ALXN
1525
PUT
DELISTED
Alexion Pharmaceuticals
ALXN
| $3.73M | 0.01% |
41,600
+21,600
| +108% | +$2.12M |
|
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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.