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 | |
|---|---|---|---|---|---|---|
301
NNN REIT
NNN
$8.89B
| $59M | 0.07% |
1,099,408
+262,286
| +31% | +$14.6M |
|
302
Performance Food Group
PFGC
$16.6B
| $58.8M | 0.07% |
1,142,884
+839,700
| +277% | +$38.4M |
|
|
TMX
303
DELISTED
Terminix Global Holdings, Inc.
TMX
| $58.2M | 0.07% |
1,505,928
+1,330,465
| +758% | +$56.6M |
|
|
HDS
304
DELISTED
HD Supply Holdings, Inc.
HDS
| $58.2M | 0.07% |
1,446,292
+412,898
| +40% | +$16.4M |
|
305
Lam Research
LRCX
$388B
| $57.9M | 0.07% |
1,980,410
-211,780
| -10% | -$5.62M |
|
306
Natera
NTRA
$47.2B
| $57.8M | 0.07% |
1,717,057
-474,676
| -22% | -$17.5M |
|
307
PUT
Delta Air Lines
DAL
$54.2B
| $57.7M | 0.07% |
986,500
+494,500
| +101% | +$27.7M |
|
308
IQVIA
IQV
$42.8B
| $57.6M | 0.07% |
372,736
+89,779
| +32% | +$13.1M |
|
|
HOLX
309
DELISTED
Hologic
HOLX
| $57.4M | 0.07% |
1,099,232
+161,112
| +17% | +$8.02M |
|
310
PUT
Texas Instruments
TXN
$236B
| $57.3M | 0.07% |
446,900
+281,600
| +170% | +$34.8M |
|
311
Boeing
BA
$166B
| $57.2M | 0.07% |
175,671
+169,570
| +2,779% | +$60M |
|
312
PUT
Chevron
CVX
$398B
| $57M | 0.07% |
472,900
-192,500
| -29% | -$22.7M |
|
|
PARA
313
DELISTED
Paramount Global Class B
PARA
| $56.7M | 0.07% |
1,352,007
+694,807
| +106% | +$26.9M |
|
|
TIF
314
DELISTED
Tiffany & Co.
TIF
| $56.7M | 0.07% |
424,057
+357,153
| +534% | +$42.2M |
|
315
Alexandria Real Estate Equities
ARE
$9.3B
| $56.6M | 0.07% |
350,169
+97,434
| +39% | +$15.4M |
|
316
EOG Resources
EOG
$78.8B
| $56.4M | 0.07% |
673,289
-402,395
| -37% | -$29.5M |
|
317
Prologis
PLD
$136B
| $56.1M | 0.07% |
629,099
+327,551
| +109% | +$29M |
|
318
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.5B
| $56M | 0.07% |
589,100
-40,200
| -6% | -$3.48M |
|
319
Encompass Health
EHC
$11.9B
| $56M | 0.07% |
1,016,018
-82,633
| -8% | -$4.48M |
|
320
PUT
Accenture
ACN
$114B
| $55.9M | 0.07% |
+265,500
| New | +$51.7M |
|
321
Popular Inc
BPOP
$10.7B
| $55.8M | 0.07% |
950,548
+381,737
| +67% | +$21.3M |
|
322
CALL
VanEck Gold Miners ETF
GDX
$32.2B
| $55.8M | 0.07% |
1,906,900
-2,854,600
| -60% | -$78M |
|
323
Tradeweb Markets
TW
$22.9B
| $55.5M | 0.07% |
1,197,359
+512,921
| +75% | +$22.1M |
|
324
Coca-Cola
KO
$396B
| $55.3M | 0.07% |
999,313
+900,232
| +909% | +$48.4M |
|
325
CALL
Pfizer
PFE
$159B
| $55.1M | 0.07% |
1,482,240
+1,467,589
| +10,017% | +$52.3M |
|
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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 $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.