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 | |
|---|---|---|---|---|---|---|
2376
Mitek Systems
MITK
$847M
| $1.1M | ﹤0.01% |
139,133
-515,578
| -79% | -$4.38M |
|
2377
Healthpeak Properties
DOC
$14.6B
| $1.09M | ﹤0.01% |
45,873
-389,815
| -89% | -$12.7M |
|
2378
Lattice Semiconductor
LSCC
$16.8B
| $1.09M | ﹤0.01% |
61,417
-534,222
| -90% | -$10.1M |
|
2379
Johnson Outdoors
JOUT
$489M
| $1.08M | ﹤0.01% |
17,278
-91,753
| -84% | -$6.26M |
|
2380
Federal Signal
FSS
$7.25B
| $1.08M | ﹤0.01% |
39,674
+14,647
| +59% | +$456K |
|
2381
Parsons
PSN
$5.23B
| $1.08M | ﹤0.01% |
33,817
+17,819
| +111% | +$692K |
|
|
AIMC
2382
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.08M | ﹤0.01% |
61,821
-35,034
| -36% | -$1.04M |
|
2383
Covenant Logistics
CVLG
$906M
| $1.08M | ﹤0.01% |
+248,686
| New | +$1.55M |
|
2384
iShares MSCI Spain ETF
EWP
$2.25B
| $1.08M | ﹤0.01% |
+53,018
| New | +$1.38M |
|
2385
iShares Russell 2000 Value ETF
IWN
$14.6B
| $1.08M | ﹤0.01% |
13,117
-157,506
| -92% | -$17.7M |
|
|
BREW
2386
DELISTED
Craft Brew Alliance, Inc.
BREW
| $1.07M | ﹤0.01% |
+72,175
| New | +$1.13M |
|
2387
Sprout Social
SPT
$694M
| $1.07M | ﹤0.01% |
67,070
-169,077
| -72% | -$3.08M |
|
2388
Innovative Industrial Properties
IIPR
$1.56B
| $1.07M | ﹤0.01% |
14,079
-126,722
| -90% | -$10.7M |
|
2389
Sociedad Química y Minera de Chile
SQM
$22.9B
| $1.07M | ﹤0.01% |
47,378
-470,494
| -91% | -$12.7M |
|
2390
Allient
ALNT
$1.59B
| $1.07M | ﹤0.01% |
67,445
-7,734
| -10% | -$208K |
|
2391
Employers Holdings
EIG
$882M
| $1.07M | ﹤0.01% |
26,314
-44,288
| -63% | -$1.81M |
|
2392
CALL
Albemarle
ALB
$16.2B
| $1.06M | ﹤0.01% |
18,900
+13,900
| +278% | +$1.07M |
|
2393
Lindsay Corp
LNN
$1.16B
| $1.06M | ﹤0.01% |
+11,616
| New | +$1.14M |
|
2394
CALL
Hershey
HSY
$36.5B
| $1.06M | ﹤0.01% |
8,000
+3,200
| +67% | +$472K |
|
2395
Zscaler
ZS
$29.7B
| $1.06M | ﹤0.01% |
17,416
-45,399
| -72% | -$2.5M |
|
2396
America's Car Mart
CRMT
$20.5M
| $1.06M | ﹤0.01% |
18,794
+10,401
| +124% | +$1.02M |
|
2397
BiomX
PHGE
$3.63M
| $1.06M | ﹤0.01% |
+795
| New | +$1.39M |
|
2398
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.7B
| $1.06M | ﹤0.01% |
12,131
-16,283
| -57% | -$1.48M |
|
2399
LSI Industries
LYTS
$732M
| $1.05M | ﹤0.01% |
278,800
+231,940
| +495% | +$1.33M |
|
|
XLNX
2400
CALL
DELISTED
Xilinx Inc
XLNX
| $1.05M | ﹤0.01% |
+13,500
| New | +$1.18M |
|
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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.