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 | |
|---|---|---|---|---|---|---|
|
ZEN
201
DELISTED
ZENDESK INC
ZEN
| $41.3M | 0.09% |
645,437
-140,510
| -18% | -$11M |
|
202
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $41.2M | 0.09% |
535,000
-65,000
| -11% | -$5.49M |
|
203
PUT
Mastercard
MA
$509B
| $41.1M | 0.09% |
170,200
-95,900
| -36% | -$28.5M |
|
204
PUT
McDonald's
MCD
$192B
| $41M | 0.09% |
248,200
-54,500
| -18% | -$10.7M |
|
|
205
PUT
Wells Fargo
WFC
$254B
| $41M | 0.09% |
1,427,200
-819,100
| -36% | -$34.8M |
|
206
Progressive
PGR
$127B
| $40.7M | 0.09% |
551,433
+271,370
| +97% | +$20.9M |
|
207
General Dynamics
GD
$104B
| $40.5M | 0.09% |
306,468
-193,084
| -39% | -$32.1M |
|
208
CALL
Broadcom
AVGO
$1.75T
| $40.5M | 0.09% |
1,708,000
-1,015,000
| -37% | -$28.6M |
|
209
Waste Management
WM
$89.6B
| $40.4M | 0.09% |
436,553
+260,258
| +148% | +$29.9M |
|
210
Avantor
AVTR
$9.78B
| $40.4M | 0.09% |
3,231,756
-1,254,569
| -28% | -$20.1M |
|
211
Portland General Electric
POR
$5.83B
| $39.3M | 0.09% |
820,681
-1,044,621
| -56% | -$58.5M |
|
212
CSX Corp
CSX
$95.6B
| $39.3M | 0.09% |
2,058,747
-1,764,573
| -46% | -$41.2M |
|
213
PUT
Booking.com
BKNG
$158B
| $39.3M | 0.09% |
730,000
-625,000
| -46% | -$43.9M |
|
214
PUT
Lockheed Martin
LMT
$130B
| $39M | 0.09% |
115,100
-1,900
| -2% | -$747K |
|
215
FMC
FMC
$1.38B
| $39M | 0.09% |
477,358
+382,513
| +403% | +$35.5M |
|
216
CALL
Caterpillar
CAT
$381B
| $39M | 0.09% |
+336,000
| New | +$42.9M |
|
217
JD.com
JD
$39.7B
| $38.9M | 0.09% |
960,314
-324,298
| -25% | -$13M |
|
218
Cognizant
CTSH
$27.9B
| $38.8M | 0.09% |
835,967
+484,198
| +138% | +$28.9M |
|
219
PUT
Mondelez International
MDLZ
$82.3B
| $38.7M | 0.09% |
772,800
-343,500
| -31% | -$18.6M |
|
|
220
PUT
Caterpillar
CAT
$381B
| $38.6M | 0.09% |
332,900
+140,300
| +73% | +$17.9M |
|
221
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $38.6M | 0.09% |
498,700
-90,400
| -15% | -$8M |
|
222
CALL
PayPal
PYPL
$52.7B
| $38.3M | 0.09% |
400,500
-98,400
| -20% | -$10.9M |
|
223
Alliant Energy
LNT
$17.6B
| $38.2M | 0.09% |
791,488
+406,425
| +106% | +$22.3M |
|
224
L3Harris
LHX
$49.7B
| $38.2M | 0.09% |
212,179
-635,823
| -75% | -$130M |
|
225
Ford
F
$57.5B
| $38.1M | 0.09% |
7,885,806
+7,705,104
| +4,264% | +$57.8M |
|
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.