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 | |
|---|---|---|---|---|---|---|
3101
Vail Resorts
MTN
$5.15B
| $764K | ﹤0.01% |
3,184
-124,366
| -98% | -$29.4M |
|
|
TRCB
3102
DELISTED
Two River Bancorp
TRCB
| $762K | ﹤0.01% |
33,998
+19,476
| +134% | +$413K |
|
|
AZUL
3103
DELISTED
Azul
AZUL
| $759K | ﹤0.01% |
17,742
-69,514
| -80% | -$2.68M |
|
3104
NVE Corp
NVEC
$518M
| $759K | ﹤0.01% |
10,631
-36,274
| -77% | -$2.36M |
|
3105
Toll Brothers
TOL
$13.4B
| $759K | ﹤0.01% |
19,211
-79,403
| -81% | -$3.17M |
|
3106
Universal Technical Institute
UTI
$1.19B
| $758K | ﹤0.01% |
+98,261
| New | +$592K |
|
|
VRTU
3107
DELISTED
Virtusa Corporation
VRTU
| $758K | ﹤0.01% |
16,713
-30,320
| -64% | -$1.24M |
|
|
NYMX
3108
DELISTED
Nymox Pharmaceutical Corp
NYMX
| $757K | ﹤0.01% |
344,057
-111,037
| -24% | -$219K |
|
3109
Kimbell Royalty Partners
KRP
$1.54B
| $754K | ﹤0.01% |
44,376
-10,695
| -19% | -$159K |
|
|
KRA
3110
DELISTED
Kraton Corporation
KRA
| $751K | ﹤0.01% |
29,648
+13,213
| +80% | +$320K |
|
|
SWI
3111
DELISTED
SolarWinds Corporation Common Stock
SWI
| $751K | ﹤0.01% |
38,377
-44,575
| -54% | -$884K |
|
3112
American Coastal Insurance
ACIC
$446M
| $750K | ﹤0.01% |
59,511
-307,522
| -84% | -$3.91M |
|
3113
CoStar Group
CSGP
$12.7B
| $750K | ﹤0.01% |
12,540
-1,368,120
| -99% | -$79.9M |
|
3114
Adeia
ADEA
$2.89B
| $748K | ﹤0.01% |
+152,841
| New | +$812K |
|
3115
CALL
Jazz Pharmaceuticals
JAZZ
$16.3B
| $746K | ﹤0.01% |
+5,000
| New | +$680K |
|
3116
CALL
HealthEquity
HQY
$7.81B
| $741K | ﹤0.01% |
+10,000
| New | +$624K |
|
3117
PUT
Bio-Rad Laboratories Class A
BIO
$10.4B
| $740K | ﹤0.01% |
2,000
| – | – |
|
3118
Columbia Banking Systems
COLB
$8.68B
| $739K | ﹤0.01% |
18,175
-33,201
| -65% | -$1.29M |
|
3119
Sonic Automotive
SAH
$2.51B
| $739K | ﹤0.01% |
23,854
-287,362
| -92% | -$9.09M |
|
3120
Cencora
COR
$61.3B
| $735K | ﹤0.01% |
+8,647
| New | +$741K |
|
3121
Veeco
VECO
$2.87B
| $734K | ﹤0.01% |
+49,963
| New | +$680K |
|
3122
First Business Financial Services
FBIZ
$593M
| $733K | ﹤0.01% |
27,831
+12,689
| +84% | +$315K |
|
|
CLSD
3123
DELISTED
Clearside Biomedical
CLSD
| $728K | ﹤0.01% |
16,737
-1,965
| -11% | -$41.3K |
|
3124
CNX Resources
CNX
$5.34B
| $726K | ﹤0.01% |
82,062
-2,278,510
| -97% | -$17.8M |
|
3125
Costamare
CMRE
$1.86B
| $725K | ﹤0.01% |
76,036
-752,240
| -91% | -$6.01M |
|
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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.