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 | |
|---|---|---|---|---|---|---|
|
SVC
2101
Service Properties Trust
SVC
$989M
| $1.68M | ﹤0.01% |
62,325
+54,150
| +662% | +$4.86M |
|
2102
PUT
Baxter International
BAX
$13.4B
| $1.68M | ﹤0.01% |
20,700
-79,300
| -79% | -$6.84M |
|
|
EXK
2103
Endeavour Silver
EXK
$3.35B
| $1.68M | ﹤0.01% |
1,253,054
-435,356
| -26% | -$804K |
|
2104
Graham Holdings Company
GHC
$4.84B
| $1.67M | ﹤0.01% |
4,895
+4,509
| +1,168% | +$2.29M |
|
2105
Hilton Grand Vacations
HGV
$3.41B
| $1.67M | ﹤0.01% |
105,918
+6,072
| +6% | +$167K |
|
2106
Coca-Cola Europacific Partners
CCEP
$47.4B
| $1.67M | ﹤0.01% |
44,436
-717,379
| -94% | -$34.9M |
|
|
PFC
2107
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.67M | ﹤0.01% |
113,048
+28,340
| +33% | +$722K |
|
2108
Scholastic
SCHL
$738M
| $1.67M | ﹤0.01% |
65,332
+41,528
| +174% | +$1.35M |
|
2109
KKR & Co
KKR
$98.1B
| $1.66M | ﹤0.01% |
70,882
-1,227,360
| -95% | -$35.2M |
|
2110
Red Violet
RDVT
$1.16B
| $1.66M | ﹤0.01% |
92,360
+66,116
| +252% | +$1.36M |
|
2111
CALL
BP
BP
$109B
| $1.66M | ﹤0.01% |
+68,000
| New | +$2.2M |
|
|
FFIC
2112
DELISTED
Flushing Financial
FFIC
| $1.66M | ﹤0.01% |
124,166
+111,801
| +904% | +$2.05M |
|
2113
CALL
Texas Instruments
TXN
$243B
| $1.66M | ﹤0.01% |
16,600
-57,400
| -78% | -$6.89M |
|
2114
Autoliv
ALV
$9B
| $1.65M | ﹤0.01% |
35,932
-155,327
| -81% | -$10.7M |
|
2115
Omega Healthcare
OHI
$14B
| $1.65M | ﹤0.01% |
62,252
+57,149
| +1,120% | +$2.17M |
|
2116
Scansource
SCSC
$1.18B
| $1.65M | ﹤0.01% |
77,134
+15,826
| +26% | +$462K |
|
|
GSMGW
2117
CALL
DELISTED
Cheer Holding, Inc. Warrant expiring 2/13/2025
GSMGW
| $1.65M | ﹤0.01% |
+400,000
| New | +$16.6K |
|
2118
Installed Building Products
IBP
$6.4B
| $1.64M | ﹤0.01% |
41,223
-132,505
| -76% | -$8.58M |
|
|
SWTX
2119
DELISTED
SpringWorks Therapeutics
SWTX
| $1.64M | ﹤0.01% |
60,760
+55,037
| +962% | +$1.79M |
|
|
NWLI
2120
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $1.64M | ﹤0.01% |
+9,542
| New | +$2.34M |
|
2121
Acco Brands
ACCO
$396M
| $1.64M | ﹤0.01% |
324,706
+36,649
| +13% | +$290K |
|
2122
Cadiz
CDZI
$334M
| $1.64M | ﹤0.01% |
+140,321
| New | +$1.37M |
|
2123
PUT
PNC Financial Services
PNC
$97.1B
| $1.64M | ﹤0.01% |
17,100
-167,500
| -91% | -$22.5M |
|
2124
GFL Environmental
GFL
$14.8B
| $1.64M | ﹤0.01% |
+108,732
| New | +$1.71M |
|
2125
Bio-Techne
TECH
$11.4B
| $1.64M | ﹤0.01% |
34,504
+7,192
| +26% | +$360K |
|
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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.