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 | |
|---|---|---|---|---|---|---|
2351
Viavi Solutions
VIAV
$9.49B
| $1.14M | ﹤0.01% |
101,566
-447,424
| -81% | -$6.09M |
|
2352
Simmons First National
SFNC
$3.28B
| $1.14M | ﹤0.01% |
+61,846
| New | +$1.41M |
|
2353
Franklin Covey
FC
$230M
| $1.14M | ﹤0.01% |
73,086
-100,943
| -58% | -$2.89M |
|
2354
Personalis
PSNL
$1.79B
| $1.13M | ﹤0.01% |
140,545
+104,608
| +291% | +$973K |
|
|
STFC
2355
DELISTED
State Auto Financial Corp
STFC
| $1.13M | ﹤0.01% |
40,758
+29,837
| +273% | +$853K |
|
2356
PUT
Western Digital
WDC
$167B
| $1.13M | ﹤0.01% |
35,986
+8,203
| +30% | +$363K |
|
2357
PUT
Expedia Group
EXPE
$38.3B
| $1.13M | ﹤0.01% |
20,100
-388,400
| -95% | -$37.3M |
|
2358
CALL
American Express
AXP
$226B
| $1.13M | ﹤0.01% |
13,200
+3,900
| +42% | +$454K |
|
2359
First Merchants
FRME
$2.62B
| $1.12M | ﹤0.01% |
42,311
-113,106
| -73% | -$4.13M |
|
2360
PUT
Elanco Animal Health
ELAN
$12.2B
| $1.12M | ﹤0.01% |
+50,000
| New | +$1.37M |
|
2361
Piper Sandler
PIPR
$5.27B
| $1.12M | ﹤0.01% |
+88,552
| New | +$1.58M |
|
2362
Shutterstock
SSTK
$203M
| $1.12M | ﹤0.01% |
34,814
-9,260
| -21% | -$370K |
|
|
XRN
2363
Chiron Real Estate Inc
XRN
$488M
| $1.12M | ﹤0.01% |
22,109
-6,363
| -22% | -$428K |
|
2364
Nasdaq
NDAQ
$55.5B
| $1.12M | ﹤0.01% |
35,313
-79,953
| -69% | -$2.83M |
|
|
ONDK
2365
DELISTED
On Deck Capital, Inc.
ONDK
| $1.12M | ﹤0.01% |
725,691
-461,937
| -39% | -$1.51M |
|
2366
Gaming and Leisure Properties
GLPI
$12.3B
| $1.12M | ﹤0.01% |
40,290
-1,154,173
| -97% | -$47.3M |
|
2367
PUT
Kohl's
KSS
$2.06B
| $1.11M | ﹤0.01% |
+76,300
| New | +$2.86M |
|
2368
Alcoa
AA
$13.5B
| $1.1M | ﹤0.01% |
179,396
-116,583
| -39% | -$1.6M |
|
2369
Universal Logistics Holdings
ULH
$499M
| $1.1M | ﹤0.01% |
84,199
-101,770
| -55% | -$1.68M |
|
2370
Duluth Holdings
DLTH
$141M
| $1.1M | ﹤0.01% |
274,726
-578,318
| -68% | -$4.3M |
|
2371
MGP Ingredients
MGPI
$349M
| $1.1M | ﹤0.01% |
40,903
-295,958
| -88% | -$10.1M |
|
|
MCF
2372
DELISTED
Contango Oil & Gas Co.
MCF
| $1.1M | ﹤0.01% |
733,159
+640,182
| +689% | +$2.01M |
|
2373
KT
KT
$9.33B
| $1.1M | ﹤0.01% |
+141,012
| New | +$1.4M |
|
2374
Bank of Hawaii
BOH
$3.05B
| $1.1M | ﹤0.01% |
19,833
-66,867
| -77% | -$5.37M |
|
2375
CALL
Halliburton
HAL
$29.6B
| $1.1M | ﹤0.01% |
160,000
-14,000
| -8% | -$244K |
|
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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.