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 | |
|---|---|---|---|---|---|---|
2001
Huron Consulting
HURN
$2.54B
| $1.98M | ﹤0.01% |
43,687
-22,829
| -34% | -$1.38M |
|
|
MSGN
2002
DELISTED
MSG Networks Inc.
MSGN
| $1.98M | ﹤0.01% |
194,294
-512,292
| -73% | -$7.31M |
|
2003
Orthofix Medical
OFIX
$392M
| $1.98M | ﹤0.01% |
70,629
-287,618
| -80% | -$11.1M |
|
2004
KRONOS Worldwide
KRO
$1.01B
| $1.98M | ﹤0.01% |
234,094
-557,184
| -70% | -$5.85M |
|
|
DPHCU
2005
DELISTED
DiamondPeak Holdings Corp. Units
DPHCU
| $1.97M | ﹤0.01% |
200,000
-1,000,000
| -83% | -$10.3M |
|
2006
VanEck Semiconductor ETF
SMH
$67.9B
| $1.97M | ﹤0.01% |
33,600
-86,508
| -72% | -$5.83M |
|
2007
Alaska Air
ALK
$4.71B
| $1.96M | ﹤0.01% |
68,844
-372,035
| -84% | -$20.2M |
|
|
CVET
2008
DELISTED
Covetrus, Inc. Common Stock
CVET
| $1.96M | ﹤0.01% |
+240,753
| New | +$2.75M |
|
|
TDAY
2009
USA Today Co
TDAY
$940M
| $1.96M | ﹤0.01% |
1,322,960
-283,225
| -18% | -$1.4M |
|
2010
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.77B
| $1.96M | ﹤0.01% |
59,450
-292,775
| -83% | -$19.4M |
|
|
NEX
2011
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $1.95M | ﹤0.01% |
1,670,057
-1,352,916
| -45% | -$5.94M |
|
2012
QuinStreet
QNST
$1.09B
| $1.95M | ﹤0.01% |
+242,553
| New | +$2.99M |
|
2013
Patterson-UTI
PTEN
$4.68B
| $1.95M | ﹤0.01% |
829,972
-258,391
| -24% | -$1.67M |
|
2014
Caleres
CAL
$421M
| $1.95M | ﹤0.01% |
374,618
+158,256
| +73% | +$2.27M |
|
2015
Washington Trust Bancorp
WASH
$760M
| $1.94M | ﹤0.01% |
+53,176
| New | +$2.41M |
|
2016
CALL
FedEx
FDX
$78.4B
| $1.94M | ﹤0.01% |
16,000
+14,400
| +900% | +$2.03M |
|
|
RWT
2017
Redwood Trust
RWT
$582M
| $1.94M | ﹤0.01% |
383,441
-60,232
| -14% | -$897K |
|
|
SHLL.U
2018
DELISTED
Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half
SHLL.U
| $1.94M | ﹤0.01% |
200,000
| – | – |
|
|
ALUS.WS
2019
CALL
DELISTED
Alussa Energy Acquisition Corp Warrants
ALUS.WS
| $1.94M | ﹤0.01% |
+201,600
| New | +$156K |
|
|
PTACU
2020
DELISTED
PropTech Acquisition Corporation Unit
PTACU
| $1.93M | ﹤0.01% |
194,601
-375,399
| -66% | -$3.91M |
|
2021
PUT
O'Reilly Automotive
ORLY
$71.1B
| $1.93M | ﹤0.01% |
96,000
-631,500
| -87% | -$16.1M |
|
2022
Northwest Bancshares
NWBI
$2.25B
| $1.92M | ﹤0.01% |
165,742
-11,777
| -7% | -$172K |
|
|
PFNX
2023
DELISTED
Pfenex Inc.
PFNX
| $1.92M | ﹤0.01% |
217,199
-4,195
| -2% | -$46.1K |
|
2024
ScottsMiracle-Gro
SMG
$3.53B
| $1.91M | ﹤0.01% |
18,669
-53,639
| -74% | -$5.9M |
|
2025
Celsius Holdings
CELH
$8.35B
| $1.91M | ﹤0.01% |
1,359,735
+52,452
| +4% | +$92.6K |
|
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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.