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 | |
|---|---|---|---|---|---|---|
|
AFMD
1576
DELISTED
Affimed
AFMD
| $3.52M | 0.01% |
223,106
-22,597
| -9% | -$538K |
|
1577
Grupo Aeroportuario del Sureste
ASR
$7.92B
| $3.52M | 0.01% |
37,433
+35,883
| +2,315% | +$6.07M |
|
1578
Credicorp
BAP
$30.4B
| $3.52M | 0.01% |
24,601
-20,320
| -45% | -$3.84M |
|
|
ZEN
1579
CALL
DELISTED
ZENDESK INC
ZEN
| $3.51M | 0.01% |
54,800
-45,200
| -45% | -$3.53M |
|
|
LGHL
1580
Lion Group Holding
LGHL
$507K
| $3.5M | 0.01% |
1
| – | – |
|
1581
Royal Caribbean
RCL
$78.2B
| $3.5M | 0.01% |
108,916
+9,514
| +10% | +$869K |
|
|
EMBJ
1582
Embraer S.A. ADS
EMBJ
$13.3B
| $3.5M | 0.01% |
473,181
+354,291
| +298% | +$5.36M |
|
|
FMBI
1583
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $3.5M | 0.01% |
264,507
+253,766
| +2,363% | +$4.78M |
|
1584
First Solar
FSLR
$22.2B
| $3.5M | 0.01% |
+96,981
| New | +$4.61M |
|
1585
Hyliion Holdings
HYLN
$579M
| $3.49M | 0.01% |
355,404
| – | – |
|
|
TRTX
1586
TPG RE Finance Trust
TRTX
$599M
| $3.48M | 0.01% |
634,752
+7,390
| +1% | +$128K |
|
1587
Markel Group
MKL
$22.4B
| $3.46M | 0.01% |
3,723
-4,482
| -55% | -$5.13M |
|
1588
Navient
NAVI
$890M
| $3.45M | 0.01% |
455,737
-877,253
| -66% | -$10.5M |
|
|
FITB
1589
Fifth Third Bancorp
FITB
$49.8B
| $3.45M | 0.01% |
232,533
-1,187,558
| -84% | -$29.6M |
|
1590
Darling Ingredients
DAR
$9.88B
| $3.45M | 0.01% |
180,061
+165,681
| +1,152% | +$4.2M |
|
1591
Graco
GGG
$12.7B
| $3.45M | 0.01% |
70,791
-385,546
| -84% | -$19.8M |
|
1592
CALL
Becton Dickinson
BDX
$51.7B
| $3.45M | 0.01% |
15,375
-78,105
| -84% | -$19.3M |
|
1593
Teck Resources
TECK
$35.1B
| $3.44M | 0.01% |
455,715
-1,136,487
| -71% | -$13.6M |
|
|
TRIT
1594
DELISTED
Triterras, Inc. Class A Ordinary Shares
TRIT
| $3.44M | 0.01% |
350,000
+250,000
| +250% | +$2.48M |
|
|
APTS
1595
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $3.44M | 0.01% |
479,064
+415,281
| +651% | +$4.51M |
|
1596
Empire State Realty Trust
ESRT
$826M
| $3.43M | 0.01% |
382,481
+195,938
| +105% | +$2.4M |
|
|
LVGO
1597
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $3.42M | 0.01% |
119,968
+67,067
| +127% | +$1.74M |
|
1598
Ryman Hospitality Properties
RHP
$9.17B
| $3.42M | 0.01% |
95,412
-608,478
| -86% | -$42M |
|
1599
Kontoor Brands
KTB
$4.37B
| $3.42M | 0.01% |
178,413
+25,818
| +17% | +$921K |
|
1600
CALL
argenx
ARGX
$63.8B
| $3.41M | 0.01% |
+25,900
| New | +$3.79M |
|
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.