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 | |
|---|---|---|---|---|---|---|
1701
CALL
Park Hotels & Resorts
PK
$3.26B
| $3.01M | 0.01% |
+380,000
| New | +$7.14M |
|
1702
International Seaways
INSW
$4.91B
| $3M | 0.01% |
125,660
-56,595
| -31% | -$1.29M |
|
|
GLIBA
1703
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $3M | 0.01% |
52,673
+41,872
| +388% | +$2.84M |
|
1704
Cinemark Holdings
CNK
$4.34B
| $3M | 0.01% |
294,344
-169,138
| -36% | -$4.34M |
|
|
DISH
1705
PUT
DELISTED
DISH Network Corp.
DISH
| $3M | 0.01% |
+150,000
| New | +$4.86M |
|
1706
PUT
Yum! Brands
YUM
$42.6B
| $3M | 0.01% |
43,700
+23,400
| +115% | +$2.18M |
|
|
FLIC
1707
DELISTED
First of Long Island Corp
FLIC
| $2.99M | 0.01% |
172,532
-27,216
| -14% | -$569K |
|
|
MRSN
1708
DELISTED
Mersana Therapeutics
MRSN
| $2.99M | 0.01% |
20,532
-11,610
| -36% | -$2.03M |
|
1709
Powell Industries
POWL
$6.93B
| $2.99M | 0.01% |
349,506
-315,522
| -47% | -$3.77M |
|
1710
PUT
Altria Group
MO
$114B
| $2.99M | 0.01% |
77,300
-271,200
| -78% | -$12M |
|
|
ORAN
1711
DELISTED
Orange
ORAN
| $2.98M | 0.01% |
+246,832
| New | +$3.35M |
|
1712
Renasant Corp
RNST
$3.75B
| $2.98M | 0.01% |
136,493
-1,017,940
| -88% | -$30.2M |
|
|
ZEPP
1713
Zepp Health
ZEPP
$74.6M
| $2.96M | 0.01% |
56,409
-16,502
| -23% | -$893K |
|
|
EBSB
1714
DELISTED
Meridian Bancorp, Inc.
EBSB
| $2.96M | 0.01% |
263,601
+160,494
| +156% | +$2.66M |
|
|
TGNA
1715
DELISTED
TEGNA Inc
TGNA
| $2.95M | 0.01% |
271,889
+158,422
| +140% | +$2.53M |
|
|
ATRS
1716
DELISTED
Antares Pharma, Inc.
ATRS
| $2.95M | 0.01% |
1,251,352
-460,611
| -27% | -$1.57M |
|
1717
Axogen
AXGN
$2.68B
| $2.94M | 0.01% |
283,081
+196,262
| +226% | +$2.5M |
|
|
CELUW
1718
CALL
DELISTED
Celularity Inc
CELUW
| $2.94M | 0.01% |
+300,000
| New | +$257K |
|
|
LCAHW
1719
CALL
DELISTED
Landcadia Holdings II, Inc. Warrant
LCAHW
| $2.94M | 0.01% |
+300,000
| New | +$212K |
|
1720
CALL
Dollar General
DG
$27B
| $2.93M | 0.01% |
19,400
| – | – |
|
1721
PUT
Hartford Financial Services
HIG
$37.4B
| $2.92M | 0.01% |
82,900
+21,900
| +36% | +$1.14M |
|
|
APLT
1722
DELISTED
Applied Therapeutics
APLT
| $2.92M | 0.01% |
+89,324
| New | +$3.61M |
|
|
RCM
1723
DELISTED
R1 RCM Inc. Common Stock
RCM
| $2.91M | 0.01% |
320,366
-383,866
| -55% | -$4.62M |
|
1724
GoPro
GPRO
$112M
| $2.91M | 0.01% |
1,110,650
-253,499
| -19% | -$942K |
|
1725
Vanda Pharmaceuticals
VNDA
$329M
| $2.9M | 0.01% |
280,178
+266,565
| +1,958% | +$3.31M |
|
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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.