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 | |
|---|---|---|---|---|---|---|
2401
PUT
Darden Restaurants
DRI
$24.2B
| $1.05M | ﹤0.01% |
19,300
+17,200
| +819% | +$1.67M |
|
|
FLNA
2402
Filana Therapeutics
FLNA
$44.2M
| $1.05M | ﹤0.01% |
255,600
+228,881
| +857% | +$1.52M |
|
2403
PUT
Burlington
BURL
$17.5B
| $1.05M | ﹤0.01% |
+6,600
| New | +$1.39M |
|
2404
Timken Company
TKR
$8.52B
| $1.04M | ﹤0.01% |
32,229
-171,835
| -84% | -$8.13M |
|
|
BFS
2405
Saul Centers
BFS
$830M
| $1.04M | ﹤0.01% |
31,796
+16,557
| +109% | +$747K |
|
2406
LG Display
LPL
$3.38B
| $1.03M | ﹤0.01% |
+231,674
| New | +$1.38M |
|
2407
CALL
XPO
XPO
$22.2B
| $1.03M | ﹤0.01% |
+61,008
| New | +$1.63M |
|
2408
New Mountain Finance
NMFC
$720M
| $1.03M | ﹤0.01% |
150,996
-582,432
| -79% | -$7.19M |
|
|
ALE
2409
DELISTED
Allete
ALE
| $1.02M | ﹤0.01% |
16,860
-122,090
| -88% | -$9.23M |
|
|
PCTI
2410
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $1.02M | ﹤0.01% |
153,786
+102,590
| +200% | +$781K |
|
|
ROIC
2411
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $1.02M | ﹤0.01% |
123,078
+97,782
| +387% | +$1.45M |
|
|
SCPE.U
2412
DELISTED
SC Health Corporation Units, each consisting of one Class A ordinary share, $0.0001 par value, and o
SCPE.U
| $1.02M | ﹤0.01% |
100,000
-500,000
| -83% | -$5.18M |
|
2413
CALL
Hartford Financial Services
HIG
$37.5B
| $1.02M | ﹤0.01% |
28,900
+10,800
| +60% | +$563K |
|
2414
Yeti Holdings
YETI
$3.07B
| $1.02M | ﹤0.01% |
52,135
-184,509
| -78% | -$5.47M |
|
2415
Intrepid Potash
IPI
$506M
| $1.02M | ﹤0.01% |
126,978
+102,968
| +429% | +$1.91M |
|
2416
PUT
Albemarle
ALB
$16.2B
| $1.01M | ﹤0.01% |
+18,000
| New | +$1.38M |
|
|
NEBUW
2417
CALL
DELISTED
Nebula Acquisition Corporation Warrant
NEBUW
| $1.01M | ﹤0.01% |
+99,999
| New | +$163K |
|
2418
Harrow
HROW
$1.42B
| $1.01M | ﹤0.01% |
+264,368
| New | +$1.57M |
|
2419
CALL
Zscaler
ZS
$29.7B
| $1.01M | ﹤0.01% |
+16,600
| New | +$914K |
|
2420
PUT
L3Harris
LHX
$49B
| $1.01M | ﹤0.01% |
5,600
-19,700
| -78% | -$4.04M |
|
|
NAV
2421
DELISTED
Navistar International
NAV
| $1.01M | ﹤0.01% |
61,158
-87,838
| -59% | -$2.57M |
|
2422
Jacobs Solutions
J
$17.8B
| $1.01M | ﹤0.01% |
15,343
+2,673
| +21% | +$201K |
|
2423
Pixelworks
PXLW
$42.5M
| $1.01M | ﹤0.01% |
29,423
+23,087
| +364% | +$1.08M |
|
2424
Edison International
EIX
$28.6B
| $1M | ﹤0.01% |
18,344
-797,435
| -98% | -$55.3M |
|
2425
Rogers Corp
ROG
$2.31B
| $1M | ﹤0.01% |
10,618
-30,583
| -74% | -$3.48M |
|
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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.