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 | |
|---|---|---|---|---|---|---|
|
INOV
2426
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $1M | ﹤0.01% |
60,222
-91,613
| -60% | -$1.74M |
|
2427
Protara Therapeutics
TARA
$229M
| $1M | ﹤0.01% |
+42,419
| New | +$1.24M |
|
2428
Allogene Therapeutics
ALLO
$705M
| $1M | ﹤0.01% |
51,501
-20,392
| -28% | -$486K |
|
|
TSC
2429
DELISTED
TriState Capital Holdings, Inc.
TSC
| $999K | ﹤0.01% |
103,357
+57,702
| +126% | +$1.16M |
|
|
AZUL
2430
DELISTED
Azul
AZUL
| $998K | ﹤0.01% |
97,910
+80,168
| +452% | +$2.54M |
|
2431
PUT
Best Buy
BBY
$17.4B
| $998K | ﹤0.01% |
17,500
-216,800
| -93% | -$17.2M |
|
2432
CALL
UnitedHealth
UNH
$354B
| $998K | ﹤0.01% |
4,000
-101,600
| -96% | -$28M |
|
2433
Adeia
ADEA
$2.85B
| $995K | ﹤0.01% |
270,455
+117,614
| +77% | +$501K |
|
|
AMWD
2434
DELISTED
American Woodmark
AMWD
| $995K | ﹤0.01% |
21,844
+15,287
| +233% | +$1.41M |
|
|
NREF
2435
NexPoint Real Estate Finance
NREF
$329M
| $992K | ﹤0.01% |
+102,764
| New | +$1.57M |
|
2436
Teradyne
TER
$56B
| $991K | ﹤0.01% |
18,289
-16,191
| -47% | -$1.03M |
|
2437
CALL
Universal Health Services
UHS
$10.1B
| $991K | ﹤0.01% |
10,000
| – | – |
|
2438
Precision BioSciences
DTIL
$222M
| $989K | ﹤0.01% |
+5,466
| New | +$1.43M |
|
|
B
2439
Barrick Mining
B
$75.7B
| $989K | ﹤0.01% |
53,989
-3,926,653
| -99% | -$73.6M |
|
2440
Murphy Oil
MUR
$5.09B
| $988K | ﹤0.01% |
161,153
+22,837
| +17% | +$420K |
|
2441
CALL
TG Therapeutics
TGTX
$8.42B
| $984K | ﹤0.01% |
100,000
-350,000
| -78% | -$4.42M |
|
2442
Kirby Corp
KEX
$7.32B
| $982K | ﹤0.01% |
22,586
-90,795
| -80% | -$6.18M |
|
2443
PUT
C.H. Robinson
CHRW
$17.5B
| $980K | ﹤0.01% |
14,800
+12,100
| +448% | +$869K |
|
2444
CEMIG Preferred Shares
CIG
$5.58B
| $977K | ﹤0.01% |
1,127,912
-4,729,670
| -81% | -$7.29M |
|
|
INN
2445
Summit Hotel Properties
INN
$646M
| $976K | ﹤0.01% |
231,305
+200,473
| +650% | +$1.89M |
|
2446
Benchmark Electronics
BHE
$2.6B
| $974K | ﹤0.01% |
48,714
-35,745
| -42% | -$1.01M |
|
|
SUP
2447
DELISTED
Superior Industries International
SUP
| $974K | ﹤0.01% |
811,534
-7,175
| -0.9% | -$18.9K |
|
2448
Coeur Mining
CDE
$21.8B
| $973K | ﹤0.01% |
303,142
-335,081
| -53% | -$1.74M |
|
|
DMTK
2449
DELISTED
DermTech, Inc. Common Stock
DMTK
| $971K | ﹤0.01% |
86,274
+75,593
| +708% | +$928K |
|
|
NBIS
2450
Nebius Group N.V.
NBIS
$56.9B
| $970K | ﹤0.01% |
28,484
-548,605
| -95% | -$22.6M |
|
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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.