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 | Miscellaneous | 47.74% |
| 2 | Healthcare | 11.91% |
| 3 | Technology | 7.43% |
| 4 | Financials | 6.52% |
| 5 | Consumer Discretionary | 5.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RMAX
1926
DELISTED
RE/MAX Holdings
RMAX
| $2.19M | ﹤0.01% |
99,739
+58,970
| +145% | +$1.92M |
|
1927
Ezcorp Inc
EZPW
$2.11B
| $2.18M | ﹤0.01% |
522,370
-441,782
| -46% | -$2.27M |
|
1928
Corvus Pharmaceuticals
CRVS
$1.24B
| $2.18M | ﹤0.01% |
1,031,759
+231,929
| +29% | +$942K |
|
|
EA
1929
CALL
DELISTED
Electronic Arts
EA
| $2.17M | ﹤0.01% |
21,700
+18,900
| +675% | +$1.99M |
|
1930
PUT
Uber
UBER
$157B
| $2.17M | ﹤0.01% |
+77,700
| New | +$2.56M |
|
1931
Magnolia Oil & Gas
MGY
$6.32B
| $2.17M | ﹤0.01% |
+542,062
| New | +$4.66M |
|
1932
Trupanion
TRUP
$1.3B
| $2.17M | ﹤0.01% |
83,273
-229,483
| -73% | -$7.18M |
|
1933
SoundThinking
SSTI
$83.2M
| $2.17M | ﹤0.01% |
78,849
+45,113
| +134% | +$1.36M |
|
|
HTZ
1934
PUT
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $2.16M | ﹤0.01% |
+350,000
| New | +$4.73M |
|
1935
CALL
lululemon athletica
LULU
$13.1B
| $2.16M | ﹤0.01% |
11,400
| – | – |
|
1936
Century Aluminum
CENX
$4.54B
| $2.16M | ﹤0.01% |
596,444
+394,257
| +195% | +$2.21M |
|
1937
PUT
FedEx
FDX
$78.4B
| $2.16M | ﹤0.01% |
+17,800
| New | +$2.51M |
|
1938
CALL
Cummins
CMI
$79B
| $2.15M | ﹤0.01% |
15,900
-2,500
| -14% | -$390K |
|
|
EV
1939
DELISTED
Eaton Vance Corp.
EV
| $2.15M | ﹤0.01% |
66,674
-295,888
| -82% | -$12.6M |
|
1940
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.97B
| $2.15M | ﹤0.01% |
16,379
-127,891
| -89% | -$18.2M |
|
|
IGICW
1941
CALL
DELISTED
International General Insurance Holdings Ltd. Warrants expiring 03/17/2025
IGICW
| $2.15M | ﹤0.01% |
+258,076
| New | +$124K |
|
1942
Bank of Marin Bancorp
BMRC
$433M
| $2.14M | ﹤0.01% |
71,259
-11,865
| -14% | -$467K |
|
1943
UFP Industries
UFPI
$4.71B
| $2.14M | ﹤0.01% |
57,424
-139,709
| -71% | -$6.42M |
|
1944
PUT
Intercontinental Exchange
ICE
$90.5B
| $2.13M | ﹤0.01% |
26,400
-116,200
| -81% | -$10.5M |
|
1945
Entegris
ENTG
$22.2B
| $2.13M | ﹤0.01% |
47,509
-246,930
| -84% | -$12.8M |
|
1946
CALL
Best Buy
BBY
$17.6B
| $2.12M | ﹤0.01% |
+37,200
| New | +$2.95M |
|
|
CORE
1947
DELISTED
Core Mark Holding Co., Inc.
CORE
| $2.12M | ﹤0.01% |
74,178
+2,702
| +4% | +$67K |
|
|
ALEX
1948
DELISTED
Alexander & Baldwin
ALEX
| $2.12M | ﹤0.01% |
188,750
-37,072
| -16% | -$695K |
|
1949
Laureate Education
LAUR
$5.38B
| $2.12M | ﹤0.01% |
+201,390
| New | +$3.49M |
|
|
EIGI
1950
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $2.1M | ﹤0.01% |
1,087,019
+220,523
| +25% | +$857K |
|
Similar funds
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 $20.8B 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 Miscellaneous at 48% of assets, up from 38% a quarter earlier, followed by Healthcare and Technology.
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.