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 | |
|---|---|---|---|---|---|---|
1851
Veracyte
VCYT
$3.56B
| $2.41M | 0.01% |
+99,230
| New | +$2.5M |
|
1852
Acadia Realty Trust
AKR
$2.89B
| $2.41M | 0.01% |
194,564
-198,948
| -51% | -$4.49M |
|
|
ANAT
1853
DELISTED
American National Group, Inc. Common Stock
ANAT
| $2.41M | 0.01% |
+29,246
| New | +$2.96M |
|
1854
Harmony Gold Mining
HMY
$14B
| $2.41M | 0.01% |
1,104,510
+43,258
| +4% | +$142K |
|
1855
AerCap
AER
$23.6B
| $2.4M | 0.01% |
105,448
-305,480
| -74% | -$15.1M |
|
|
MYOK
1856
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $2.4M | 0.01% |
+51,228
| New | +$3.28M |
|
1857
iShares US Home Construction ETF
ITB
$2.27B
| $2.4M | 0.01% |
82,968
+13,857
| +20% | +$593K |
|
1858
Designer Brands
DBI
$290M
| $2.4M | 0.01% |
+481,020
| New | +$6.23M |
|
1859
Nektar Therapeutics
NKTR
$2.52B
| $2.39M | 0.01% |
8,932
-34,563
| -79% | -$10.7M |
|
|
CZZ
1860
DELISTED
Cosan Limited
CZZ
| $2.39M | 0.01% |
194,399
-361,783
| -65% | -$6.92M |
|
1861
PUT
Archer Daniels Midland
ADM
$38.6B
| $2.39M | 0.01% |
67,900
+19,300
| +40% | +$789K |
|
1862
Hanmi Financial
HAFC
$921M
| $2.39M | 0.01% |
220,195
+136,128
| +162% | +$2.17M |
|
1863
NETGEAR
NTGR
$589M
| $2.38M | 0.01% |
104,238
+32,493
| +45% | +$730K |
|
|
ORBC
1864
DELISTED
ORBCOMM, Inc.
ORBC
| $2.38M | 0.01% |
974,153
+37,727
| +4% | +$123K |
|
1865
CALL
Lumentum
LITE
$84.2B
| $2.37M | 0.01% |
+32,200
| New | +$2.53M |
|
1866
Middlesex Water
MSEX
$1.1B
| $2.36M | 0.01% |
39,312
+15,756
| +67% | +$997K |
|
1867
NextCure
NXTC
$26.7M
| $2.36M | 0.01% |
5,310
+939
| +21% | +$501K |
|
1868
BellRing Brands
BRBR
$1.25B
| $2.36M | 0.01% |
138,460
-69,873
| -34% | -$1.41M |
|
1869
Main Street Capital
MAIN
$5.46B
| $2.36M | 0.01% |
115,137
+109,325
| +1,881% | +$4.09M |
|
1870
E.W. Scripps
SSP
$292M
| $2.36M | 0.01% |
+312,848
| New | +$3.86M |
|
1871
ASE Group
ASX
$97B
| $2.35M | 0.01% |
629,810
-244,634
| -28% | -$1.15M |
|
1872
La-Z-Boy
LZB
$1.3B
| $2.35M | 0.01% |
114,544
-67,189
| -37% | -$1.91M |
|
1873
Coca-Cola
KO
$388B
| $2.35M | 0.01% |
53,132
-946,181
| -95% | -$51.1M |
|
|
PIC.WS
1874
CALL
DELISTED
Pivotal Investment Corporation II Redeemable Warrants, each whole warrant exercisable for shares of
PIC.WS
| $2.34M | 0.01% |
+236,400
| New | +$187K |
|
1875
Trustmark
TRMK
$2.69B
| $2.34M | 0.01% |
+100,440
| New | +$2.99M |
|
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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.