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 | |
|---|---|---|---|---|---|---|
426
Cisco
CSCO
$434B
| $44.5M | 0.06% |
928,234
-1,125,038
| -55% | -$52.3M |
|
427
Tenaris
TS
$27B
| $44.2M | 0.06% |
1,952,412
+1,287,198
| +194% | +$27.7M |
|
428
PUT
IBM
IBM
$218B
| $44.2M | 0.06% |
344,866
+341,310
| +9,598% | +$44.4M |
|
429
PUT
Expedia Group
EXPE
$40.7B
| $44.2M | 0.06% |
408,500
+65,700
| +19% | +$7.71M |
|
430
Amphenol
APH
$192B
| $44M | 0.06% |
+1,626,988
| New | +$41.5M |
|
431
Dentsply Sirona
XRAY
$2.17B
| $44M | 0.06% |
777,507
+722,490
| +1,313% | +$40.3M |
|
432
Xcel Energy
XEL
$48.3B
| $43.8M | 0.05% |
690,650
+605,994
| +716% | +$37.9M |
|
|
RETA
433
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $43.7M | 0.05% |
213,683
+21,108
| +11% | +$3.85M |
|
|
FITB
434
Fifth Third Bancorp
FITB
$49.8B
| $43.7M | 0.05% |
1,420,091
-4,452,615
| -76% | -$131M |
|
435
T-Mobile US
TMUS
$196B
| $43.5M | 0.05% |
555,284
+375,605
| +209% | +$29.6M |
|
436
PUT
CVS Health
CVS
$120B
| $43.5M | 0.05% |
585,700
+357,200
| +156% | +$25.1M |
|
437
Insulet
PODD
$10.1B
| $43.2M | 0.05% |
252,565
+236,488
| +1,471% | +$39.4M |
|
438
CALL
PepsiCo
PEP
$197B
| $43M | 0.05% |
314,900
+105,500
| +50% | +$14.4M |
|
439
PUT
American Express
AXP
$228B
| $43M | 0.05% |
345,300
+132,200
| +62% | +$15.8M |
|
440
GE Aerospace
GE
$355B
| $42.9M | 0.05% |
+770,866
| New | +$39.8M |
|
441
Mid-America Apartment Communities
MAA
$15.4B
| $42.8M | 0.05% |
324,671
-93,303
| -22% | -$12.5M |
|
442
Methanex
MEOH
$4.57B
| $42.7M | 0.05% |
1,105,154
-86,189
| -7% | -$3.23M |
|
443
American Homes 4 Rent
AMH
$12.5B
| $42.6M | 0.05% |
1,623,761
+396,822
| +32% | +$10.4M |
|
444
Realty Income
O
$59.8B
| $42.5M | 0.05% |
595,570
+554,281
| +1,342% | +$41.3M |
|
445
CF Industries
CF
$19.6B
| $42.4M | 0.05% |
888,407
+101,975
| +13% | +$4.77M |
|
446
Acadia Pharmaceuticals
ACAD
$5.11B
| $42.3M | 0.05% |
988,313
-32,551
| -3% | -$1.42M |
|
447
Rockwell Automation
ROK
$47.7B
| $42.3M | 0.05% |
208,513
-140,646
| -40% | -$26.1M |
|
448
Hewlett Packard
HPE
$69.4B
| $42.1M | 0.05% |
2,656,397
+408,144
| +18% | +$6.52M |
|
449
NextEra Energy
NEE
$175B
| $42.1M | 0.05% |
695,364
+345,536
| +99% | +$20.2M |
|
|
WBC
450
DELISTED
WABCO HOLDINGS INC.
WBC
| $42M | 0.05% |
310,263
-214,198
| -41% | -$28.9M |
|
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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.