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 | Healthcare | 11.91% |
| 2 | Technology | 7.43% |
| 3 | Financials | 6.52% |
| 4 | Consumer Discretionary | 5.69% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.51B | 3.4% |
5,868,800
+5,760,800
| +5,334% | +$1.76B |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.12B | 2.52% |
4,356,600
+2,964,400
| +213% | +$904M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $894M | 2.01% |
7,809,500
+2,587,800
| +50% | +$386M |
|
4
PUT
Amazon
AMZN
$2.79T
| $861M | 1.93% |
8,832,000
+1,230,000
| +16% | +$119M |
|
|
AGN
5
DELISTED
Allergan plc
AGN
| $685M | 1.54% |
3,869,196
+1,062,667
| +38% | +$200M |
|
6
CALL
Invesco QQQ Trust
QQQ
$486B
| $681M | 1.53% |
3,575,200
+2,635,500
| +280% | +$558M |
|
7
PUT
Apple
AAPL
$4.51T
| $587M | 1.32% |
9,236,000
-4,867,200
| -35% | -$358M |
|
|
8
PUT
Invesco QQQ Trust
QQQ
$486B
| $538M | 1.21% |
2,828,100
-1,500
| -0.1% | -$318K |
|
|
9
PUT
Microsoft
MSFT
$3.59T
| $528M | 1.19% |
3,345,500
-1,793,500
| -35% | -$295M |
|
10
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $413M | 0.93% |
7,116,000
-4,094,000
| -37% | -$277M |
|
11
PUT
Meta Platforms (Facebook)
META
$1.4T
| $383M | 0.86% |
2,295,700
-1,345,600
| -37% | -$263M |
|
|
12
CALL
Amazon
AMZN
$2.79T
| $370M | 0.83% |
3,796,000
+1,064,000
| +39% | +$103M |
|
13
PUT
Netflix
NFLX
$331B
| $344M | 0.77% |
9,167,000
+152,000
| +2% | +$5.38M |
|
14
PUT
NVIDIA
NVDA
$5.2T
| $279M | 0.63% |
42,264,000
-15,256,000
| -27% | -$96.3M |
|
|
15
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $277M | 0.62% |
2,419,600
+1,841,800
| +319% | +$275M |
|
|
16
CALL
Microsoft
MSFT
$3.59T
| $258M | 0.58% |
1,638,700
+94,000
| +6% | +$15.5M |
|
|
17
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $251M | 0.56% |
4,316,000
+1,624,000
| +60% | +$110M |
|
|
TVIX
18
DELISTED
VelocityShares Daily 2x VIX Short Term ETN
TVIX
| $209M | 0.47% |
665,704
+278,021
| +72% | +$44M |
|
|
19
Procter & Gamble
PG
$336B
| $194M | 0.44% |
1,760,952
+1,014,219
| +136% | +$122M |
|
|
20
CALL
Apple
AAPL
$4.51T
| $191M | 0.43% |
3,002,400
-2,501,600
| -45% | -$184M |
|
|
21
Meta Platforms (Facebook)
META
$1.4T
| $188M | 0.42% |
1,127,692
-1,065,969
| -49% | -$209M |
|
22
PUT
Walmart Inc
WMT
$825B
| $184M | 0.41% |
4,860,600
+1,600,800
| +49% | +$61.6M |
|
23
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $183M | 0.41% |
4,550,000
+3,393,200
| +293% | +$155M |
|
24
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $181M | 0.41% |
8,713,500
-1,723,800
| -17% | -$47.5M |
|
25
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $161M | 0.36% |
2,726,400
-973,100
| -26% | -$73.3M |
|
Similar funds
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 $21.4B 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 Healthcare at 12% of assets, up from 10% a quarter earlier, followed by Technology and Financials.
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.