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 | |
|---|---|---|---|---|---|---|
|
TRIT
2976
DELISTED
Triterras, Inc. Class A Ordinary Shares
TRIT
| $995K | ﹤0.01% |
+100,000
| New | +$985K |
|
|
SVC
2977
Service Properties Trust
SVC
$989M
| $994K | ﹤0.01% |
8,175
-29,129
| -78% | -$3.55M |
|
|
BRW
2978
Saba Capital Income & Opportunities Fund
BRW
$329M
| $993K | ﹤0.01% |
99,106
+77,851
| +366% | +$751K |
|
2979
Badger Meter
BMI
$4B
| $988K | ﹤0.01% |
15,211
-204,617
| -93% | -$12.1M |
|
2980
McGrath RentCorp
MGRC
$2.78B
| $985K | ﹤0.01% |
12,874
-67,160
| -84% | -$4.87M |
|
|
TRTN
2981
DELISTED
Triton International Limited
TRTN
| $984K | ﹤0.01% |
24,468
-165,222
| -87% | -$6.11M |
|
|
CMRX
2982
DELISTED
Chimerix, Inc.
CMRX
| $983K | ﹤0.01% |
484,167
+185,154
| +62% | +$341K |
|
2983
Invesco DB Commodity Index Tracking Fund
DBC
$1.83B
| $982K | ﹤0.01% |
+61,549
| New | +$956K |
|
2984
PagerDuty
PD
$974M
| $977K | ﹤0.01% |
41,782
+30,426
| +268% | +$748K |
|
|
GRMN
2985
CALL
Garmin
GRMN
$55.9B
| $976K | ﹤0.01% |
+10,000
| New | +$932K |
|
2986
Vericel Corp
VCEL
$2.11B
| $976K | ﹤0.01% |
56,070
+28,095
| +100% | +$478K |
|
|
TRHC
2987
PUT
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $974K | ﹤0.01% |
20,000
+15,000
| +300% | +$702K |
|
|
OSG
2988
Octave Specialty Group
OSG
$203M
| $972K | ﹤0.01% |
45,061
+16,050
| +55% | +$329K |
|
2989
LendingTree
TREE
$397M
| $971K | ﹤0.01% |
3,201
-10,140
| -76% | -$3.36M |
|
|
GNTY
2990
DELISTED
Guaranty Bancshares
GNTY
| $969K | ﹤0.01% |
32,435
+4,167
| +15% | +$121K |
|
2991
Northrim BanCorp
NRIM
$574M
| $963K | ﹤0.01% |
+100,556
| New | +$962K |
|
|
ACGN
2992
DELISTED
Aceragen Inc
ACGN
| $963K | ﹤0.01% |
31,152
-24,323
| -44% | -$905K |
|
2993
James River Group Holdings
JRVR
$191M
| $961K | ﹤0.01% |
+23,315
| New | +$916K |
|
2994
CALL
Smith & Nephew
SNN
$12.2B
| $961K | ﹤0.01% |
20,000
-200,000
| -91% | -$9.03M |
|
2995
Quanex
NX
$904M
| $960K | ﹤0.01% |
56,178
-23,392
| -29% | -$440K |
|
|
PLYM
2996
DELISTED
Plymouth Industrial REIT
PLYM
| $959K | ﹤0.01% |
52,153
-53,269
| -51% | -$981K |
|
2997
iShares Core MSCI Total International Stock ETF
IXUS
$61.1B
| $958K | ﹤0.01% |
+15,482
| New | +$928K |
|
2998
Direxion Daily FTSE China Bull 3X ETF
YINN
$658M
| $954K | ﹤0.01% |
2,158
+184
| +9% | +$69.4K |
|
|
IPHS
2999
DELISTED
Innophos Holdings, Inc.
IPHS
| $954K | ﹤0.01% |
29,842
-54,010
| -64% | -$1.74M |
|
|
DHC
3000
Diversified Healthcare Trust
DHC
$1.9B
| $953K | ﹤0.01% |
112,873
-174,630
| -61% | -$1.47M |
|
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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.