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 | |
|---|---|---|---|---|---|---|
2226
Funko
FNKO
$377M
| $1.4M | ﹤0.01% |
+349,965
| New | +$3.57M |
|
2227
CALL
Align Technology
ALGN
$11.3B
| $1.39M | ﹤0.01% |
8,000
-8,500
| -52% | -$2.04M |
|
2228
CALL
C.H. Robinson
CHRW
$17.7B
| $1.39M | ﹤0.01% |
+21,000
| New | +$1.51M |
|
|
WTRU
2229
DELISTED
Essential Utilities, Inc.6.00% Tangible Equity Units
WTRU
| $1.39M | ﹤0.01% |
25,858
+12,870
| +99% | +$798K |
|
2230
Ethan Allen Interiors
ETD
$596M
| $1.38M | ﹤0.01% |
135,211
+115,352
| +581% | +$1.68M |
|
2231
PUT
Truist Financial
TFC
$61.4B
| $1.38M | ﹤0.01% |
46,300
-204,500
| -82% | -$9.67M |
|
2232
e.l.f. Beauty
ELF
$6.26B
| $1.38M | ﹤0.01% |
140,080
-622,637
| -82% | -$9.34M |
|
2233
PUT
Paychex
PAYX
$45B
| $1.38M | ﹤0.01% |
21,900
-407,500
| -95% | -$32.6M |
|
2234
Hubbell
HUBB
$24.8B
| $1.38M | ﹤0.01% |
11,992
-114,373
| -91% | -$15.4M |
|
2235
Citizens Financial Group
CFG
$29.6B
| $1.38M | ﹤0.01% |
73,115
-2,871,105
| -98% | -$93.7M |
|
2236
PennantPark Floating Rate Capital
PFLT
$738M
| $1.38M | ﹤0.01% |
+282,917
| New | +$2.96M |
|
2237
CorVel
CRVL
$3.51B
| $1.37M | ﹤0.01% |
75,471
+60,366
| +400% | +$1.57M |
|
|
AKRO
2238
DELISTED
Akero Therapeutics
AKRO
| $1.37M | ﹤0.01% |
+64,539
| New | +$1.38M |
|
|
HI
2239
DELISTED
Hillenbrand
HI
| $1.37M | ﹤0.01% |
71,595
-2,547
| -3% | -$66.2K |
|
2240
Fiverr
FVRR
$338M
| $1.36M | ﹤0.01% |
54,241
+43,288
| +395% | +$1.16M |
|
2241
Arcturus Therapeutics
ARCT
$460M
| $1.36M | ﹤0.01% |
+100,276
| New | +$1.28M |
|
2242
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.8B
| $1.36M | ﹤0.01% |
27,800
-1,068,600
| -97% | -$63.1M |
|
2243
PUT
Cummins
CMI
$79B
| $1.35M | ﹤0.01% |
10,000
+6,900
| +223% | +$1.08M |
|
|
SEAC
2244
DELISTED
Seachange International Inc
SEAC
| $1.35M | ﹤0.01% |
18,138
+16,888
| +1,351% | +$1.29M |
|
2245
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $1.35M | ﹤0.01% |
40,400
+20,600
| +104% | +$827K |
|
2246
Workhorse Group
WKHS
$34.6M
| $1.35M | ﹤0.01% |
248
+234
| +1,671% | +$2.01M |
|
2247
ArcelorMittal
MT
$56.3B
| $1.34M | ﹤0.01% |
143,962
-250,952
| -64% | -$3.52M |
|
2248
RELX
RELX
$63.2B
| $1.34M | ﹤0.01% |
62,756
-273,682
| -81% | -$6.64M |
|
|
LAND
2249
Gladstone Land Corp
LAND
$383M
| $1.34M | ﹤0.01% |
113,212
+42,192
| +59% | +$544K |
|
|
RC
2250
Ready Capital
RC
$306M
| $1.34M | ﹤0.01% |
185,743
-77,441
| -29% | -$1.06M |
|
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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.