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 | |
|---|---|---|---|---|---|---|
|
CERN
2276
CALL
DELISTED
Cerner Corp
CERN
| $1.28M | ﹤0.01% |
20,300
-134,700
| -87% | -$9.58M |
|
2277
CALL
Nike
NKE
$57B
| $1.27M | ﹤0.01% |
15,400
+12,200
| +381% | +$1.14M |
|
2278
PUT
Analog Devices
ADI
$181B
| $1.27M | ﹤0.01% |
14,200
+700
| +5% | +$76.5K |
|
|
I
2279
DELISTED
INTELSAT S. A.
I
| $1.27M | ﹤0.01% |
831,963
-1,248,201
| -60% | -$5.23M |
|
2280
Annaly Capital Management
NLY
$17.4B
| $1.27M | ﹤0.01% |
62,738
+3,769
| +6% | +$133K |
|
2281
Edgewell Personal Care
EPC
$1.32B
| $1.27M | ﹤0.01% |
52,773
-368,742
| -87% | -$11M |
|
2282
Kearny Financial
KRNY
$650M
| $1.27M | ﹤0.01% |
147,733
-129,459
| -47% | -$1.49M |
|
2283
Genco Shipping & Trading
GNK
$1.12B
| $1.26M | ﹤0.01% |
197,087
-100,892
| -34% | -$769K |
|
2284
InfuSystem Holdings
INFU
$240M
| $1.26M | ﹤0.01% |
148,996
+137,843
| +1,236% | +$1.24M |
|
2285
Wayfair
W
$14.4B
| $1.26M | ﹤0.01% |
+23,600
| New | +$1.81M |
|
|
AGS
2286
DELISTED
PlayAGS
AGS
| $1.26M | ﹤0.01% |
475,538
-273,571
| -37% | -$2.25M |
|
2287
MakeMyTrip
MMYT
$5.47B
| $1.25M | ﹤0.01% |
104,827
-112,492
| -52% | -$2.43M |
|
|
ECHO
2288
EchoStar
ECHO
$25.1B
| $1.25M | ﹤0.01% |
39,174
+5,655
| +17% | +$212K |
|
2289
PUT
General Mills
GIS
$21.6B
| $1.25M | ﹤0.01% |
+23,700
| New | +$1.25M |
|
|
BNY
2290
PUT
Bank of New York Mellon
BNY
$110B
| $1.25M | ﹤0.01% |
37,100
+26,600
| +253% | +$1.12M |
|
2291
iRadimed
IRMD
$1.11B
| $1.25M | ﹤0.01% |
58,561
+10,856
| +23% | +$259K |
|
2292
Astronics
ATRO
$3.35B
| $1.25M | ﹤0.01% |
163,319
-271,575
| -62% | -$4.88M |
|
2293
PUT
Stryker
SYK
$124B
| $1.25M | ﹤0.01% |
+7,500
| New | +$1.47M |
|
2294
Adecoagro
AGRO
$1.54B
| $1.24M | ﹤0.01% |
319,544
+129,621
| +68% | +$883K |
|
2295
CALL
Darden Restaurants
DRI
$24B
| $1.24M | ﹤0.01% |
22,800
+20,400
| +850% | +$1.98M |
|
2296
PDF Solutions
PDFS
$1.95B
| $1.24M | ﹤0.01% |
105,682
+86,531
| +452% | +$1.28M |
|
|
SCU
2297
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $1.24M | ﹤0.01% |
91,334
+79,455
| +669% | +$1.71M |
|
2298
Essential Utilities
WTRG
$11.5B
| $1.24M | ﹤0.01% |
30,340
-80,682
| -73% | -$3.81M |
|
2299
Cohu
COHU
$2.45B
| $1.23M | ﹤0.01% |
+99,636
| New | +$2.03M |
|
2300
TransAlta
TAC
$3.95B
| $1.23M | ﹤0.01% |
235,314
-413,311
| -64% | -$2.8M |
|
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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.