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 | |
|---|---|---|---|---|---|---|
|
CVSA
1951
Covista Inc
CVSA
$4.79B
| $2.09M | ﹤0.01% |
78,119
-190,845
| -71% | -$6.08M |
|
1952
AZZ Inc
AZZ
$4.2B
| $2.09M | ﹤0.01% |
74,406
-75,547
| -50% | -$2.89M |
|
1953
PLDT
PHI
$3.86B
| $2.09M | ﹤0.01% |
101,771
+88,934
| +693% | +$1.76M |
|
1954
CALL
Corning
GLW
$132B
| $2.08M | ﹤0.01% |
101,200
+94,300
| +1,367% | +$2.46M |
|
|
BFX
1955
DELISTED
BowFlex Inc.
BFX
| $2.08M | ﹤0.01% |
796,051
-74,278
| -9% | -$203K |
|
1956
CALL
Cognizant
CTSH
$28.7B
| $2.08M | ﹤0.01% |
44,700
-87,200
| -66% | -$5.2M |
|
1957
AdaptHealth
AHCO
$774M
| $2.07M | ﹤0.01% |
129,461
+78,626
| +155% | +$1.11M |
|
1958
BlackBerry
BB
$5.07B
| $2.07M | ﹤0.01% |
501,370
-390,985
| -44% | -$2.12M |
|
1959
Tenable Holdings
TENB
$4.14B
| $2.07M | ﹤0.01% |
94,717
-125,990
| -57% | -$3.12M |
|
1960
Bright Horizons
BFAM
$3.62B
| $2.07M | ﹤0.01% |
20,291
-12,865
| -39% | -$1.89M |
|
|
ACEL.WS
1961
CALL
DELISTED
Accel Entertainment Inc Warrant
ACEL.WS
| $2.07M | ﹤0.01% |
+276,000
| New | +$662K |
|
1962
Coca-Cola Femsa
KOF
$23.7B
| $2.07M | ﹤0.01% |
51,426
-52,314
| -50% | -$2.95M |
|
1963
Vodafone
VOD
$36.7B
| $2.06M | ﹤0.01% |
149,205
-163,215
| -52% | -$2.92M |
|
|
VAR
1964
CALL
DELISTED
Varian Medical Systems, Inc.
VAR
| $2.05M | ﹤0.01% |
+20,000
| New | +$2.64M |
|
1965
Unitil
UTL
$975M
| $2.05M | ﹤0.01% |
39,208
-5,423
| -12% | -$321K |
|
|
VRTU
1966
DELISTED
Virtusa Corporation
VRTU
| $2.05M | ﹤0.01% |
72,194
+55,481
| +332% | +$2.26M |
|
1967
PUT
Synchrony
SYF
$26B
| $2.04M | ﹤0.01% |
127,100
-391,900
| -76% | -$11.4M |
|
|
TMHC
1968
DELISTED
Taylor Morrison
TMHC
| $2.04M | ﹤0.01% |
185,876
-1,451,511
| -89% | -$31.2M |
|
1969
LiveRamp
RAMP
$2.3B
| $2.04M | ﹤0.01% |
62,001
+7,481
| +14% | +$284K |
|
1970
NewtekOne
NEWT
$356M
| $2.04M | ﹤0.01% |
154,378
-16,074
| -9% | -$306K |
|
1971
Power Integrations
POWI
$3.09B
| $2.04M | ﹤0.01% |
46,094
+20,544
| +80% | +$992K |
|
1972
CALL
Yum! Brands
YUM
$41.1B
| $2.04M | ﹤0.01% |
29,700
+4,800
| +19% | +$448K |
|
|
ASPU
1973
DELISTED
ASPEN GROUP, INC.
ASPU
| $2.04M | ﹤0.01% |
254,718
+218,456
| +602% | +$1.83M |
|
1974
Voyager Therapeutics
VYGR
$213M
| $2.03M | ﹤0.01% |
222,298
-270,365
| -55% | -$3.1M |
|
1975
CALL
Alcon
ALC
$34.9B
| $2.03M | ﹤0.01% |
40,000
-10,000
| -20% | -$575K |
|
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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 $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.