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 | |
|---|---|---|---|---|---|---|
1626
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $3.32M | 0.01% |
43,069
-1,616,431
| -97% | -$137M |
|
1627
Radware
RDWR
$1.17B
| $3.32M | 0.01% |
+157,437
| New | +$3.7M |
|
|
ZUO
1628
DELISTED
Zuora, Inc.
ZUO
| $3.3M | 0.01% |
410,304
+171,886
| +72% | +$2.26M |
|
1629
Manitowoc
MTW
$702M
| $3.3M | 0.01% |
388,431
-90,208
| -19% | -$1.18M |
|
|
DOOR
1630
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $3.3M | 0.01% |
69,569
-29,975
| -30% | -$2.12M |
|
1631
Wingstop
WING
$3.1B
| $3.3M | 0.01% |
41,410
+36,815
| +801% | +$3.15M |
|
1632
Compañía de Minas Buenaventura
BVN
$9.13B
| $3.3M | 0.01% |
452,452
-1,470,507
| -76% | -$16.7M |
|
1633
Bank OZK
OZK
$5.36B
| $3.3M | 0.01% |
197,337
+69,054
| +54% | +$1.77M |
|
1634
Merit Medical Systems
MMSI
$5.44B
| $3.29M | 0.01% |
105,308
-103,011
| -49% | -$3.67M |
|
1635
Visteon
VC
$2.77B
| $3.29M | 0.01% |
68,571
-108,874
| -61% | -$7.9M |
|
1636
FirstCash
FCFS
$9.95B
| $3.29M | 0.01% |
45,823
-175,242
| -79% | -$14.2M |
|
|
DPHCW
1637
CALL
DELISTED
DiamondPeak Holdings Corp. Warrant
DPHCW
| $3.28M | 0.01% |
+333,333
| New | +$271K |
|
1638
World Acceptance Corp
WRLD
$902M
| $3.28M | 0.01% |
60,083
+51,216
| +578% | +$3.96M |
|
1639
PUT
Palo Alto Networks
PANW
$277B
| $3.28M | 0.01% |
120,000
-11,400
| -9% | -$398K |
|
1640
Stantec
STN
$8.26B
| $3.28M | 0.01% |
128,291
+92,287
| +256% | +$2.66M |
|
|
KW
1641
DELISTED
Kennedy-Wilson Holdings
KW
| $3.28M | 0.01% |
244,167
-111,897
| -31% | -$2.23M |
|
1642
Cabot Corp
CBT
$4.32B
| $3.27M | 0.01% |
125,392
+106,805
| +575% | +$4.06M |
|
1643
CALL
DuPont de Nemours
DD
$18.4B
| $3.27M | 0.01% |
76,400
-102,850
| -57% | -$6.29M |
|
1644
Amgen
AMGN
$239B
| $3.26M | 0.01% |
16,092
+15,022
| +1,404% | +$3.28M |
|
1645
American States Water
AWR
$3.58B
| $3.24M | 0.01% |
39,667
-27,160
| -41% | -$2.33M |
|
1646
PUT
DexCom
DXCM
$33.6B
| $3.23M | 0.01% |
48,000
+28,000
| +140% | +$1.74M |
|
1647
PUT
Enphase Energy
ENPH
$4.94B
| $3.23M | 0.01% |
+100,000
| New | +$3.77M |
|
1648
PUT
iShares MSCI Mexico ETF
EWW
$1.81B
| $3.23M | 0.01% |
113,800
-236,200
| -67% | -$9.85M |
|
1649
PUT
American Airlines Group
AAL
$9.23B
| $3.22M | 0.01% |
264,000
-478,300
| -64% | -$10.9M |
|
|
HUYA
1650
Huya Inc
HUYA
$491M
| $3.22M | 0.01% |
189,771
-562,091
| -75% | -$10.4M |
|
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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.