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 | |
|---|---|---|---|---|---|---|
176
Public Service Enterprise Group
PEG
$36.2B
| $45.3M | 0.1% |
1,007,684
+240,467
| +31% | +$13M |
|
|
ATVI
177
PUT
DELISTED
Activision Blizzard
ATVI
| $44.9M | 0.1% |
754,100
+546,500
| +263% | +$32.4M |
|
178
PUT
Philip Morris
PM
$293B
| $44.7M | 0.1% |
612,600
-200,600
| -25% | -$16.5M |
|
179
CALL
Medtronic
MDT
$119B
| $44.6M | 0.1% |
494,900
+271,800
| +122% | +$28.9M |
|
180
CALL
Amgen
AMGN
$238B
| $44.2M | 0.1% |
217,900
+18,300
| +9% | +$4M |
|
181
Honeywell
HON
$68.4B
| $44.1M | 0.1% |
349,798
-999,205
| -74% | -$154M |
|
182
PUT
Comcast
CMCSA
$95.3B
| $44M | 0.1% |
1,281,000
-1,194,600
| -48% | -$50.4M |
|
183
Kimberly-Clark
KMB
$36.4B
| $44M | 0.1% |
344,077
+307,483
| +840% | +$42.5M |
|
184
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $43.8M | 0.1% |
2,102,000
-1,121,300
| -35% | -$30.9M |
|
185
Eversource Energy
ES
$26.4B
| $43.5M | 0.1% |
556,710
+148,237
| +36% | +$13M |
|
|
186
American Electric Power
AEP
$65.8B
| $43.5M | 0.1% |
544,283
-2,573,522
| -83% | -$243M |
|
187
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $43.4M | 0.1% |
1,927,400
+871,000
| +82% | +$23.9M |
|
188
CALL
Meta Platforms (Facebook)
META
$1.4T
| $43.4M | 0.1% |
260,200
-457,300
| -64% | -$89.5M |
|
189
Prologis
PLD
$135B
| $43.1M | 0.1% |
536,832
-92,267
| -15% | -$8.06M |
|
|
ECOLW
190
CALL
DELISTED
US Ecology, Inc. Warrant
ECOLW
| $43M | 0.1% |
1,414,900
+1,069,900
| +310% | +$8.6M |
|
191
PUT
Accenture
ACN
$113B
| $42.8M | 0.1% |
262,100
-3,400
| -1% | -$655K |
|
192
Bio-Rad Laboratories Class A
BIO
$10.2B
| $42.6M | 0.1% |
121,623
-147,356
| -55% | -$54.2M |
|
193
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $42.6M | 0.1% |
3,255,000
+320,000
| +11% | +$5.06M |
|
194
Phillips 66
PSX
$96.9B
| $42.5M | 0.1% |
793,010
+188,999
| +31% | +$15.4M |
|
195
Paychex
PAYX
$44.3B
| $42.3M | 0.1% |
672,918
+461,475
| +218% | +$36.9M |
|
|
CERN
196
DELISTED
Cerner Corp
CERN
| $42.3M | 0.1% |
671,900
+216,962
| +48% | +$15.4M |
|
197
Carlyle Group
CG
$17.6B
| $42.1M | 0.09% |
+1,946,827
| New | +$56.1M |
|
198
PUT
Texas Instruments
TXN
$241B
| $41.9M | 0.09% |
419,300
-27,600
| -6% | -$3.31M |
|
199
Crown Castle
CCI
$32.1B
| $41.7M | 0.09% |
289,032
+190,708
| +194% | +$28.4M |
|
200
Evergy
EVRG
$18.7B
| $41.7M | 0.09% |
757,655
-686,474
| -48% | -$45.1M |
|
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 $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.