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 | Healthcare | 10.45% |
| 2 | Technology | 8.65% |
| 3 | Financials | 8.6% |
| 4 | Consumer Discretionary | 7.75% |
| 5 | Industrials | 7.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
PUT
Boeing
BA
$166B
| $66.8M | 0.08% |
205,200
+47,900
| +30% | +$17M |
|
252
Qorvo
QRVO
$8.41B
| $66.8M | 0.08% |
574,443
+537,977
| +1,475% | +$52M |
|
|
XEC
253
DELISTED
CIMAREX ENERGY CO
XEC
| $66.5M | 0.08% |
+1,267,639
| New | +$59M |
|
254
PUT
Walt Disney
DIS
$191B
| $66.5M | 0.08% |
459,900
+93,100
| +25% | +$13M |
|
|
MGP
255
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $66.5M | 0.08% |
2,146,251
+277,055
| +15% | +$8.52M |
|
256
Comcast
CMCSA
$95.9B
| $66.2M | 0.08% |
1,472,850
-344,245
| -19% | -$15.3M |
|
257
Humana
HUM
$46.4B
| $65.9M | 0.08% |
179,732
-518,179
| -74% | -$164M |
|
258
Viatris
VTRS
$19B
| $65.6M | 0.08% |
3,261,385
+1,509,086
| +86% | +$28.1M |
|
259
Mastercard
MA
$525B
| $65.3M | 0.08% |
+218,734
| New | +$61.7M |
|
260
Envista
NVST
$4.39B
| $65.2M | 0.08% |
2,200,697
+1,742,684
| +380% | +$49.6M |
|
261
Bunge Global
BG
$21.2B
| $65.2M | 0.08% |
1,132,690
+888,065
| +363% | +$49.1M |
|
262
KeyCorp
KEY
$23.3B
| $65.1M | 0.08% |
3,217,254
-1,735,298
| -35% | -$32.7M |
|
263
Micron Technology
MU
$1.03T
| $65M | 0.08% |
1,208,273
+906,325
| +300% | +$43.3M |
|
264
American International
AIG
$40.5B
| $64.7M | 0.08% |
1,261,034
-8,129
| -0.6% | -$431K |
|
265
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $64.5M | 0.08% |
1,437,847
+994,029
| +224% | +$42.7M |
|
266
Sunstone Hotel Investors
SHO
$2.1B
| $64.4M | 0.08% |
4,623,592
+1,527,812
| +49% | +$21.2M |
|
267
Restaurant Brands International
QSR
$28.4B
| $64M | 0.08% |
1,004,114
-2,492,850
| -71% | -$167M |
|
268
Workday
WDAY
$49.2B
| $63.5M | 0.08% |
386,225
+380,877
| +7,122% | +$63.2M |
|
269
Westlake Corp
WLK
$9.78B
| $62.6M | 0.08% |
892,670
+477,437
| +115% | +$32.1M |
|
270
Newmont
NEM
$139B
| $62.1M | 0.08% |
1,429,183
+1,399,166
| +4,661% | +$54.7M |
|
271
PayPal
PYPL
$52.8B
| $61.6M | 0.08% |
569,644
+42,464
| +8% | +$4.43M |
|
272
Edison International
EIX
$28.5B
| $61.5M | 0.08% |
815,779
+811,825
| +20,532% | +$57.4M |
|
273
PUT
Mondelez International
MDLZ
$82.6B
| $61.5M | 0.08% |
1,116,300
+92,300
| +9% | +$4.94M |
|
274
Melco Resorts & Entertainment
MLCO
$2.08B
| $61.4M | 0.08% |
2,541,897
+1,325,521
| +109% | +$28.8M |
|
275
Duke Energy
DUK
$95.1B
| $61.4M | 0.08% |
673,127
+339,232
| +102% | +$31.1M |
|
Similar funds
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 $9.74B 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 Healthcare at 10% of assets, down from 12% a quarter earlier, followed by Technology and Financials.
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.