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 | |
|---|---|---|---|---|---|---|
376
Extra Space Storage
EXR
$30.9B
| $48.9M | 0.06% |
463,124
-292,783
| -39% | -$31.9M |
|
377
Morgan Stanley
MS
$336B
| $48.9M | 0.06% |
956,654
-2,366,532
| -71% | -$112M |
|
378
PUT
Gilead Sciences
GILD
$182B
| $48.8M | 0.06% |
751,100
+350,500
| +87% | +$22.8M |
|
379
Cummins
CMI
$78.7B
| $48.6M | 0.06% |
271,345
+235,851
| +664% | +$41.5M |
|
380
Monster Beverage
MNST
$95.8B
| $48.4M | 0.06% |
3,047,108
+1,642,768
| +117% | +$24.1M |
|
|
BMY.RT
381
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
| $48.3M | 0.06% |
+16,046,950
| New | +$41.7M |
|
382
CALL
Johnson & Johnson
JNJ
$658B
| $48.2M | 0.06% |
330,200
+40,100
| +14% | +$5.44M |
|
383
CALL
Amgen
AMGN
$240B
| $48.1M | 0.06% |
199,600
+71,100
| +55% | +$15.7M |
|
|
FL
384
DELISTED
Foot Locker
FL
| $48M | 0.06% |
1,231,961
+858,808
| +230% | +$36.2M |
|
385
HEICO Corp Class A
HEI.A
$36.2B
| $47.9M | 0.06% |
535,523
-71,776
| -12% | -$6.84M |
|
386
CALL
AbbVie
ABBV
$467B
| $47.9M | 0.06% |
541,500
-174,800
| -24% | -$14.5M |
|
387
Canadian National Railway
CNI
$77.1B
| $47.9M | 0.06% |
530,051
+449,747
| +560% | +$40.4M |
|
388
Texas Roadhouse
TXRH
$13.5B
| $47.8M | 0.06% |
849,524
+161,319
| +23% | +$8.86M |
|
389
PUT
Medtronic
MDT
$119B
| $47.8M | 0.06% |
421,700
+154,800
| +58% | +$17M |
|
390
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $47.8M | 0.06% |
1,065,400
-2,055,800
| -66% | -$88.2M |
|
391
New Oriental
EDU
$8.97B
| $47.8M | 0.06% |
393,828
+254,401
| +182% | +$30.4M |
|
392
Yum! Brands
YUM
$42.9B
| $47.7M | 0.06% |
473,974
+264,094
| +126% | +$27.4M |
|
393
First Horizon
FHN
$11.6B
| $47.7M | 0.06% |
2,878,631
+114,514
| +4% | +$1.86M |
|
394
Ciena
CIEN
$52.7B
| $47.7M | 0.06% |
1,116,631
+592,962
| +113% | +$22.6M |
|
395
CALL
Visa
V
$714B
| $47.6M | 0.06% |
253,400
-101,400
| -29% | -$18.3M |
|
396
PUT
Danaher
DHR
$151B
| $47.6M | 0.06% |
349,906
+343,928
| +5,753% | +$43.5M |
|
397
Dominion Energy
D
$58.6B
| $47.4M | 0.06% |
571,872
+105,481
| +23% | +$8.62M |
|
398
Lyft
LYFT
$6.69B
| $47.4M | 0.06% |
1,100,782
+667,301
| +154% | +$29.3M |
|
399
Wyndham Hotels & Resorts
WH
$5.52B
| $47.3M | 0.06% |
753,017
-1,099,825
| -59% | -$61.1M |
|
400
Diamondback Energy
FANG
$57.6B
| $47.1M | 0.06% |
507,429
-1,841,941
| -78% | -$153M |
|
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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.