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 | |
|---|---|---|---|---|---|---|
1976
Clean Harbors
CLH
$16.5B
| $2.03M | ﹤0.01% |
39,595
-302,239
| -88% | -$22.1M |
|
1977
Horace Mann Educators
HMN
$2.07B
| $2.03M | ﹤0.01% |
55,567
+27,066
| +95% | +$1.12M |
|
|
PTACW
1978
CALL
DELISTED
PropTech Acquisition Corporation Warrant
PTACW
| $2.03M | ﹤0.01% |
+210,000
| New | +$226K |
|
1979
Aldeyra Therapeutics
ALDX
$92.9M
| $2.02M | ﹤0.01% |
819,827
+21,805
| +3% | +$98.1K |
|
1980
CALL
Henry Schein
HSIC
$10.1B
| $2.02M | ﹤0.01% |
40,000
-40,000
| -50% | -$2.54M |
|
1981
IMAX
IMAX
$2.85B
| $2.02M | ﹤0.01% |
223,223
+210,813
| +1,699% | +$3.34M |
|
1982
Moelis & Co
MC
$5.08B
| $2.02M | ﹤0.01% |
71,858
-517,424
| -88% | -$17M |
|
|
ISBC
1983
DELISTED
Investors Bancorp, Inc.
ISBC
| $2.02M | ﹤0.01% |
252,722
-4,298,539
| -94% | -$46.2M |
|
1984
PNC Financial Services
PNC
$97.1B
| $2.02M | ﹤0.01% |
21,086
-49,529
| -70% | -$6.65M |
|
1985
CALL
Deere & Co
DE
$168B
| $2.02M | ﹤0.01% |
+14,600
| New | +$2.31M |
|
1986
Coty
COTY
$2.43B
| $2.01M | ﹤0.01% |
389,129
-903,650
| -70% | -$8.48M |
|
|
CTB
1987
DELISTED
Cooper Tire & Rubber Co.
CTB
| $2.01M | ﹤0.01% |
123,107
-316,454
| -72% | -$7.88M |
|
1988
OFG Bancorp
OFG
$2.2B
| $2.01M | ﹤0.01% |
179,452
-36,087
| -17% | -$646K |
|
1989
Archrock
AROC
$5.62B
| $2M | ﹤0.01% |
533,184
-379,473
| -42% | -$2.74M |
|
1990
Prudential
PUK
$34.4B
| $2M | ﹤0.01% |
83,352
+76,513
| +1,119% | +$2.44M |
|
1991
CALL
Mettler-Toledo International
MTD
$28.2B
| $2M | ﹤0.01% |
2,900
-100
| -3% | -$74.6K |
|
1992
CEVA Inc
CEVA
$800M
| $2M | ﹤0.01% |
80,156
-67,930
| -46% | -$1.88M |
|
1993
CALL
Aramark
ARMK
$15.5B
| $2M | ﹤0.01% |
+138,500
| New | +$3.65M |
|
1994
Alamo Group
ALG
$2B
| $2M | ﹤0.01% |
22,471
+13,997
| +165% | +$1.61M |
|
|
SMMCU
1995
DELISTED
South Mountain Merger Corp. Unit
SMMCU
| $1.99M | ﹤0.01% |
200,100
| – | – |
|
1996
KORU Medical Systems
KRMD
$148M
| $1.99M | ﹤0.01% |
265,164
+228,111
| +616% | +$1.53M |
|
|
TLRA
1997
DELISTED
Telaria, Inc.
TLRA
| $1.99M | ﹤0.01% |
331,280
+11,251
| +4% | +$112K |
|
|
LKFT
1998
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.93B
| $1.99M | ﹤0.01% |
10,140
-4,687
| -32% | -$1.01M |
|
1999
Cleveland-Cliffs
CLF
$6.75B
| $1.99M | ﹤0.01% |
502,872
+238,178
| +90% | +$1.5M |
|
2000
Fox Factory Holding Corp
FOXF
$887M
| $1.98M | ﹤0.01% |
47,181
+43,517
| +1,188% | +$2.75M |
|
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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.