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 | |
|---|---|---|---|---|---|---|
2201
Archer Daniels Midland
ADM
$38.1B
| $1.47M | ﹤0.01% |
41,768
-852,954
| -95% | -$34.9M |
|
2202
Universal Insurance Holdings
UVE
$1.21B
| $1.47M | ﹤0.01% |
81,946
+72,392
| +758% | +$1.66M |
|
|
ALTG.WS
2203
CALL
DELISTED
Alta Equipment Group Warrants
ALTG.WS
| $1.47M | ﹤0.01% |
+343,500
| New | +$397K |
|
2204
Velocity Financial
VEL
$714M
| $1.46M | ﹤0.01% |
+193,775
| New | +$2.26M |
|
2205
CDW
CDW
$18.6B
| $1.46M | ﹤0.01% |
15,631
+11,112
| +246% | +$1.36M |
|
|
CCMP
2206
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $1.46M | ﹤0.01% |
12,770
-4,584
| -26% | -$640K |
|
2207
James River Group Holdings
JRVR
$191M
| $1.46M | ﹤0.01% |
40,162
+16,847
| +72% | +$679K |
|
|
CHPMW
2208
CALL
DELISTED
CHP Merger Corp. Warrant
CHPMW
| $1.46M | ﹤0.01% |
+150,000
| New | +$152K |
|
|
HSII
2209
DELISTED
Heidrick & Struggles
HSII
| $1.45M | ﹤0.01% |
+64,514
| New | +$1.72M |
|
2210
Pearson
PSO
$10B
| $1.44M | ﹤0.01% |
209,614
+40,256
| +24% | +$293K |
|
2211
Cognex
CGNX
$10.6B
| $1.44M | ﹤0.01% |
+34,037
| New | +$1.7M |
|
2212
Peapack-Gladstone Financial
PGC
$801M
| $1.44M | ﹤0.01% |
79,989
+65,775
| +463% | +$1.74M |
|
2213
Verisk Analytics
VRSK
$24.9B
| $1.43M | ﹤0.01% |
10,267
-239,542
| -96% | -$37.5M |
|
2214
Southern Company
SO
$102B
| $1.43M | ﹤0.01% |
+26,316
| New | +$1.67M |
|
2215
Federal Agricultural Mortgage
AGM
$2.42B
| $1.42M | ﹤0.01% |
25,518
-13,216
| -34% | -$940K |
|
2216
Omnicell
OMCL
$1.52B
| $1.42M | ﹤0.01% |
21,643
-96,670
| -82% | -$7.7M |
|
2217
CALL
Williams Companies
WMB
$90.7B
| $1.42M | ﹤0.01% |
100,000
+50,000
| +100% | +$968K |
|
2218
Herc Holdings
HRI
$5.2B
| $1.41M | ﹤0.01% |
69,110
-140,651
| -67% | -$5.13M |
|
|
SA
2219
Seabridge Gold
SA
$3.67B
| $1.41M | ﹤0.01% |
151,080
+54,176
| +56% | +$641K |
|
2220
CALL
Waste Management
WM
$87B
| $1.41M | ﹤0.01% |
15,200
+3,100
| +26% | +$356K |
|
2221
RH
RH
$2.74B
| $1.41M | ﹤0.01% |
13,994
-262,736
| -95% | -$49M |
|
|
SKX
2222
DELISTED
Skechers
SKX
| $1.4M | ﹤0.01% |
59,129
-539,234
| -90% | -$18.6M |
|
2223
Savara
SVRA
$1.13B
| $1.4M | ﹤0.01% |
661,925
+643,931
| +3,579% | +$1.77M |
|
|
2224
PUT
Waste Management
WM
$87B
| $1.4M | ﹤0.01% |
15,100
+7,300
| +94% | +$837K |
|
2225
Quantum Corp
QMCO
$928M
| $1.4M | ﹤0.01% |
+23,670
| New | +$2.13M |
|
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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.