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 | |
|---|---|---|---|---|---|---|
1651
HCI Group
HCI
$2.31B
| $3.21M | 0.01% |
79,883
+9,784
| +14% | +$422K |
|
1652
CALL
Kroger
KR
$35.8B
| $3.21M | 0.01% |
106,600
+97,100
| +1,022% | +$2.85M |
|
|
CPRX
1653
DELISTED
Catalyst Pharmaceutical
CPRX
| $3.21M | 0.01% |
833,001
+801,306
| +2,528% | +$3.29M |
|
|
ADAM
1654
Adamas Trust
ADAM
$884M
| $3.21M | 0.01% |
517,213
+457,005
| +759% | +$9.62M |
|
1655
CALL
Encompass Health
EHC
$11.9B
| $3.2M | 0.01% |
+62,850
| New | +$3.62M |
|
1656
Independence Realty Trust
IRT
$3.93B
| $3.2M | 0.01% |
+357,940
| New | +$4.84M |
|
|
CPAAU
1657
DELISTED
Conyers Park II Acquisition Corp. Unit
CPAAU
| $3.2M | 0.01% |
300,000
-1,950,000
| -87% | -$21.6M |
|
|
MNRL
1658
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $3.2M | 0.01% |
386,795
+358,668
| +1,275% | +$5.42M |
|
1659
Virgin Galactic
SPCE
$450M
| $3.2M | 0.01% |
10,820
+6,873
| +174% | +$2.61M |
|
|
TWNK
1660
CALL
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $3.2M | 0.01% |
+300,000
| New | +$3.81M |
|
1661
Watts Water Technologies
WTS
$12.4B
| $3.2M | 0.01% |
37,772
-48,389
| -56% | -$4.63M |
|
|
MTEM
1662
DELISTED
Molecular Templates, Inc.
MTEM
| $3.2M | 0.01% |
16,037
+2,898
| +22% | +$634K |
|
1663
CALL
GE Aerospace
GE
$363B
| $3.19M | 0.01% |
84,027
-145,782
| -63% | -$7.77M |
|
1664
Kennametal
KMT
$2.23B
| $3.18M | 0.01% |
170,818
+155,101
| +987% | +$4.42M |
|
|
DAY
1665
DELISTED
Dayforce
DAY
| $3.18M | 0.01% |
63,501
+53,962
| +566% | +$3.57M |
|
1666
IAMGOLD
IAG
$12.7B
| $3.18M | 0.01% |
1,393,043
-1,040,938
| -43% | -$3.02M |
|
1667
ADT
ADT
$5.43B
| $3.17M | 0.01% |
+734,316
| New | +$4.44M |
|
|
NSA
1668
DELISTED
National Storage Affiliates Trust
NSA
| $3.16M | 0.01% |
106,671
+13,567
| +15% | +$450K |
|
|
EFOR
1669
Everforth Inc
EFOR
$1.29B
| $3.14M | 0.01% |
88,980
-129,479
| -59% | -$7.33M |
|
|
MRTX
1670
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $3.14M | 0.01% |
40,863
+34,121
| +506% | +$3.06M |
|
1671
Parker-Hannifin
PH
$128B
| $3.13M | 0.01% |
24,109
+2,617
| +12% | +$474K |
|
1672
Photronics
PLAB
$1.73B
| $3.13M | 0.01% |
304,762
+247,240
| +430% | +$3.23M |
|
1673
AnaptysBio
ANAB
$1.73B
| $3.13M | 0.01% |
221,237
-402,779
| -65% | -$6.11M |
|
1674
Pembina Pipeline
PBA
$28B
| $3.13M | 0.01% |
166,155
+87,865
| +112% | +$2.89M |
|
1675
Diageo
DEO
$52.7B
| $3.12M | 0.01% |
+24,519
| New | +$3.68M |
|
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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.