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 | |
|---|---|---|---|---|---|---|
1551
Matthews International
MATW
$671M
| $3.66M | 0.01% |
151,291
+143,796
| +1,919% | +$4.58M |
|
1552
Trimble
TRMB
$13.9B
| $3.66M | 0.01% |
114,937
+79,418
| +224% | +$3.11M |
|
1553
iHeartMedia
IHRT
$415M
| $3.65M | 0.01% |
499,864
+325,665
| +187% | +$4.79M |
|
1554
PUT
United Rentals
URI
$65.6B
| $3.64M | 0.01% |
35,400
-17,600
| -33% | -$2.33M |
|
1555
ATI
ATI
$29.3B
| $3.64M | 0.01% |
428,390
-31,155
| -7% | -$498K |
|
1556
CALL
Take-Two Interactive
TTWO
$43.6B
| $3.64M | 0.01% |
30,700
-16,500
| -35% | -$1.95M |
|
|
CCX.U
1557
DELISTED
Churchill Capital Corp II
CCX.U
| $3.64M | 0.01% |
352,126
-2,547,875
| -88% | -$28.5M |
|
|
FRC
1558
DELISTED
First Republic Bank
FRC
| $3.64M | 0.01% |
44,245
-49,667
| -53% | -$5.26M |
|
1559
Pinterest
PINS
$13.4B
| $3.64M | 0.01% |
235,512
+175,284
| +291% | +$3.41M |
|
1560
AC Immune
ACIU
$290M
| $3.63M | 0.01% |
525,679
+475,701
| +952% | +$3.72M |
|
1561
PUT
Domino's
DPZ
$11.6B
| $3.63M | 0.01% |
+11,200
| New | +$3.45M |
|
1562
Ashland
ASH
$3.38B
| $3.63M | 0.01% |
72,424
+48,845
| +207% | +$3.36M |
|
|
AVDL
1563
DELISTED
Avadel Pharmaceuticals
AVDL
| $3.61M | 0.01% |
454,896
-173,931
| -28% | -$1.34M |
|
1564
PUT
Johnson Controls International
JCI
$85.9B
| $3.6M | 0.01% |
133,700
-113,600
| -46% | -$4.23M |
|
|
AMRN
1565
PUT
Amarin Corp
AMRN
$299M
| $3.6M | 0.01% |
+45,000
| New | +$15M |
|
1566
Sibanye-Stillwater
SBSW
$8.87B
| $3.6M | 0.01% |
762,040
-1,700,028
| -69% | -$15.2M |
|
1567
Caesarstone
CSTE
$117M
| $3.59M | 0.01% |
339,388
-67,088
| -17% | -$818K |
|
|
CDMO
1568
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $3.58M | 0.01% |
700,169
-330,454
| -32% | -$2M |
|
|
CADE
1569
DELISTED
Cadence Bank
CADE
| $3.58M | 0.01% |
+189,085
| New | +$5M |
|
|
GNMK
1570
DELISTED
GenMark Diagnostics, Inc
GNMK
| $3.57M | 0.01% |
866,382
+756,322
| +687% | +$3.55M |
|
1571
Tenet Healthcare
THC
$21.9B
| $3.56M | 0.01% |
247,334
-161,643
| -40% | -$4.64M |
|
1572
Liberty Global Class C
LBTYK
$3.58B
| $3.56M | 0.01% |
226,560
+211,641
| +1,419% | +$3.98M |
|
1573
LCI Industries
LCII
$2.55B
| $3.54M | 0.01% |
53,008
+3,773
| +8% | +$368K |
|
|
OSB
1574
DELISTED
Norbord Inc.
OSB
| $3.54M | 0.01% |
298,917
-75,420
| -20% | -$1.9M |
|
1575
HEICO Corp
HEI
$49.1B
| $3.53M | 0.01% |
47,287
-176,927
| -79% | -$19.3M |
|
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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.