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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.83B |
| 2 |
Wells Fargo
WFC
|
+$378M |
| 3 |
Microsoft
MSFT
|
+$253M |
| 4 |
Home Depot
HD
|
+$247M |
| 5 |
Alibaba
BABA
|
+$235M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$414M |
| 2 |
Lowe's Companies
LOW
|
+$326M |
| 3 |
Las Vegas Sands
LVS
|
+$265M |
| 4 |
AABA
Altaba Inc
AABA
|
+$249M |
| 5 |
NBL
Noble Energy, Inc.
NBL
|
+$181M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 38.21% |
| 2 | Healthcare | 10.45% |
| 3 | Technology | 8.65% |
| 4 | Financials | 8.6% |
| 5 | Consumer Discretionary | 7.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
EXL Service
EXLS
$5.86B
| $2.24M | ﹤0.01% |
160,925
-734,520
| -82% | -$10M |
|
|
BEAT
2527
DELISTED
BioTelemetry, Inc.
BEAT
| $2.23M | ﹤0.01% |
+48,278
| New | +$2.09M |
|
2528
Cleveland-Cliffs
CLF
$6.59B
| $2.22M | ﹤0.01% |
264,694
+21,363
| +9% | +$164K |
|
|
PRAH
2529
PUT
DELISTED
PRA Health Sciences, Inc.
PRAH
| $2.22M | ﹤0.01% |
+20,000
| New | +$2.06M |
|
2530
Annaly Capital Management
NLY
$17.4B
| $2.22M | ﹤0.01% |
58,969
+54,279
| +1,157% | +$1.98M |
|
2531
CALL
Paychex
PAYX
$45.3B
| $2.21M | ﹤0.01% |
26,000
+4,000
| +18% | +$337K |
|
2532
Extreme Networks
EXTR
$2.92B
| $2.21M | ﹤0.01% |
299,877
-1,547,601
| -84% | -$10.9M |
|
|
AEL
2533
DELISTED
American Equity Investment Life Holding Company
AEL
| $2.21M | ﹤0.01% |
73,663
+13,150
| +22% | +$357K |
|
2534
CVB Financial
CVBF
$3.91B
| $2.2M | ﹤0.01% |
+102,109
| New | +$2.16M |
|
2535
Illinois Tool Works
ITW
$79.6B
| $2.2M | ﹤0.01% |
12,265
-31,996
| -72% | -$5.42M |
|
2536
Rocket Pharmaceuticals
RCKT
$414M
| $2.2M | ﹤0.01% |
96,702
+48,339
| +100% | +$807K |
|
|
CHMI
2537
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $2.19M | ﹤0.01% |
150,403
-160,738
| -52% | -$2.25M |
|
|
EB
2538
DELISTED
Eventbrite
EB
| $2.19M | ﹤0.01% |
108,596
+88,915
| +452% | +$1.7M |
|
2539
Star Bulk Carriers
SBLK
$3.41B
| $2.18M | ﹤0.01% |
184,897
+48,966
| +36% | +$529K |
|
2540
CALL
VF Corp
VFC
$5.39B
| $2.18M | ﹤0.01% |
+21,900
| New | +$1.96M |
|
2541
Great Southern Bancorp
GSBC
$861M
| $2.18M | ﹤0.01% |
34,420
+27,599
| +405% | +$1.67M |
|
|
GIFI
2542
DELISTED
Gulf Island Fabrication
GIFI
| $2.18M | ﹤0.01% |
429,655
+419,334
| +4,063% | +$2.14M |
|
2543
South Plains Financial
SPFI
$827M
| $2.17M | ﹤0.01% |
104,009
+19,857
| +24% | +$361K |
|
|
WTRE
2544
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
| $2.17M | ﹤0.01% |
+86,283
| New | +$2.29M |
|
|
AXIA
2545
DELISTED
AXIA Energia
AXIA
| $2.17M | ﹤0.01% |
+293,557
| New | +$2.07M |
|
2546
Westamerica Bancorp
WABC
$1.34B
| $2.17M | ﹤0.01% |
31,974
+21,390
| +202% | +$1.4M |
|
2547
Vanguard FTSE Europe ETF
VGK
$30.9B
| $2.17M | ﹤0.01% |
36,951
-32,404
| -47% | -$1.81M |
|
2548
Origin Bancorp
OBK
$1.64B
| $2.16M | ﹤0.01% |
57,194
-67,925
| -54% | -$2.38M |
|
|
ALXN
2549
PUT
DELISTED
Alexion Pharmaceuticals
ALXN
| $2.16M | ﹤0.01% |
+20,000
| New | +$2.14M |
|
|
NEW
2550
DELISTED
Puxin Limited American Depositary Shares, each representing twenty Ordinary Shares
NEW
| $2.15M | ﹤0.01% |
26,254
+20,878
| +388% | +$1.9M |
|
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Israel Englander's Q4 2019 Portfolio in Review
As of Q4 2019, Israel Englander held 4,935 positions worth $79.9B, up 26% from $63.3B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Israel Englander deployed $4.28B of net new capital in Q4 2019, opening 829 new positions and adding to 1,631 existing holdings. Its largest new stake was International Flavors & Fragrances: 535,214 shares worth $69.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 38% of assets, up from 28% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Lowe's Companies, an estimated $326M trimmed.
- Israel Englander's largest Q4 2019 buy was International Flavors & Fragrances: 535,214 shares worth $69.1M.
- Israel Englander added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $3.83B increase.
- Israel Englander's biggest Q4 2019 reduction was Lowe's Companies, cutting an estimated $326M.
- Israel Englander fully exited Celgene Corp in Q4 2019, selling an estimated $414M.
- Israel Englander's ten largest holdings make up 13% of its $79.9B portfolio in Q4 2019.
- Israel Englander opened 829 new positions and closed 796 in Q4 2019.
- Israel Englander's portfolio value rose 26% quarter-over-quarter to $79.9B.
Based on Millennium Management's 13F filing for Q4 2019, filed 14 Feb 2020.