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 | |
|---|---|---|---|---|---|---|
1751
Asbury Automotive
ABG
$3.87B
| $2.78M | 0.01% |
50,300
+39,770
| +378% | +$3.46M |
|
1752
Bruker
BRKR
$8.66B
| $2.77M | 0.01% |
77,169
-153,370
| -67% | -$7.11M |
|
1753
NMI Holdings
NMIH
$3.41B
| $2.77M | 0.01% |
238,312
+142,682
| +149% | +$3.77M |
|
1754
Badger Meter
BMI
$3.95B
| $2.77M | 0.01% |
51,595
+36,384
| +239% | +$2.22M |
|
1755
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $2.76M | 0.01% |
170,517
+150,434
| +749% | +$3.35M |
|
|
RMO
1756
DELISTED
Romeo Power, Inc.
RMO
| $2.75M | 0.01% |
276,700
| – | – |
|
1757
Allot
ALLT
$373M
| $2.74M | 0.01% |
289,991
+228,224
| +369% | +$2.28M |
|
1758
PUT
Boston Scientific
BSX
$72.3B
| $2.74M | 0.01% |
83,900
-116,200
| -58% | -$4.54M |
|
|
ODP
1759
DELISTED
ODP
ODP
| $2.72M | 0.01% |
+165,828
| New | +$3.71M |
|
|
FINV
1760
FinVolution Group
FINV
$1.03B
| $2.71M | 0.01% |
1,525,102
+263,950
| +21% | +$524K |
|
|
CZR
1761
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $2.71M | 0.01% |
+401,400
| New | +$4.72M |
|
1762
Eli Lilly
LLY
$1.1T
| $2.71M | 0.01% |
19,546
-267,023
| -93% | -$36.7M |
|
|
GLOP
1763
DELISTED
GASLOG PARTNERS LP
GLOP
| $2.71M | 0.01% |
1,214,092
+1,182,934
| +3,797% | +$8.57M |
|
|
AGTC
1764
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $2.7M | 0.01% |
+823,988
| New | +$4.34M |
|
1765
HNI Corp
HNI
$3.6B
| $2.7M | 0.01% |
107,282
+6,728
| +7% | +$223K |
|
1766
Hamilton Lane
HLNE
$4.63B
| $2.7M | 0.01% |
48,798
+25,806
| +112% | +$1.61M |
|
1767
Omeros
OMER
$1.4B
| $2.7M | 0.01% |
+201,798
| New | +$2.68M |
|
1768
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $2.69M | 0.01% |
80,174
-181,840
| -69% | -$7.41M |
|
1769
PUT
Mercado Libre
MELI
$101B
| $2.69M | 0.01% |
+5,500
| New | +$3.39M |
|
|
ESPR
1770
DELISTED
Esperion Therapeutics
ESPR
| $2.69M | 0.01% |
85,165
-172,986
| -67% | -$9.13M |
|
|
LTM
1771
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
| $2.69M | 0.01% |
1,013,264
+583,073
| +136% | +$4.19M |
|
1772
Comtech Telecommunications
CMTL
$53M
| $2.68M | 0.01% |
201,915
+15,781
| +8% | +$444K |
|
|
HES
1773
PUT
DELISTED
Hess
HES
| $2.68M | 0.01% |
80,500
-66,800
| -45% | -$3.61M |
|
1774
Haemonetics
HAE
$4.93B
| $2.67M | 0.01% |
26,821
-41,941
| -61% | -$4.55M |
|
|
DBVT
1775
DBV Technologies
DBVT
$941M
| $2.67M | 0.01% |
68,033
+38,909
| +134% | +$3.49M |
|
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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.