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 | |
|---|---|---|---|---|---|---|
26
Ameren
AEE
$29.4B
| $254M | 0.32% |
3,301,729
-67,354
| -2% | -$5.12M |
|
27
CALL
Amazon
AMZN
$2.79T
| $252M | 0.32% |
2,732,000
+450,000
| +20% | +$39.8M |
|
28
PUT
Bank of America
BAC
$431B
| $249M | 0.31% |
7,065,500
+3,528,800
| +100% | +$114M |
|
|
29
CALL
Microsoft
MSFT
$3.59T
| $244M | 0.3% |
1,544,700
-191,600
| -11% | -$28.1M |
|
|
30
Amazon
AMZN
$2.79T
| $243M | 0.3% |
2,629,900
+414,620
| +19% | +$36.7M |
|
31
Intel
INTC
$476B
| $241M | 0.3% |
4,018,863
+3,417,318
| +568% | +$191M |
|
|
32
Home Depot
HD
$335B
| $240M | 0.3% |
1,097,156
+1,091,086
| +17,975% | +$247M |
|
33
Adobe
ADBE
$109B
| $234M | 0.29% |
709,755
+400,810
| +130% | +$118M |
|
|
BNY
34
Bank of New York Mellon
BNY
$108B
| $234M | 0.29% |
4,643,683
+1,406,479
| +43% | +$67.1M |
|
35
Alphabet (Google) Class A
GOOGL
$4.22T
| $231M | 0.29% |
3,445,360
+1,000,080
| +41% | +$64.5M |
|
36
Honeywell
HON
$68.4B
| $225M | 0.28% |
1,349,003
+773,790
| +135% | +$126M |
|
37
PUT
Visa
V
$693B
| $215M | 0.27% |
1,145,700
+686,900
| +150% | +$124M |
|
|
38
PUT
Adobe
ADBE
$109B
| $210M | 0.26% |
636,600
+503,900
| +380% | +$148M |
|
39
ConocoPhillips
COP
$162B
| $208M | 0.26% |
3,196,940
-204,200
| -6% | -$12M |
|
40
Goldman Sachs
GS
$303B
| $206M | 0.26% |
895,792
+63,043
| +8% | +$13.7M |
|
41
Walt Disney
DIS
$186B
| $203M | 0.25% |
1,401,756
+1,006,588
| +255% | +$140M |
|
42
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $202M | 0.25% |
6,740,600
+2,006,600
| +42% | +$59.5M |
|
43
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $202M | 0.25% |
1,676,000
+58,000
| +4% | +$6.47M |
|
44
CALL
Invesco QQQ Trust
QQQ
$486B
| $200M | 0.25% |
939,700
+533,700
| +131% | +$107M |
|
45
Expedia Group
EXPE
$38.6B
| $199M | 0.25% |
1,840,947
+1,762,176
| +2,237% | +$207M |
|
|
PARA
46
PUT
DELISTED
Paramount Global Class B
PARA
| $199M | 0.25% |
+200,000
| New | +$7.75M |
|
47
PUT
Broadcom
AVGO
$1.75T
| $195M | 0.24% |
6,178,000
+3,277,000
| +113% | +$99.5M |
|
48
S&P Global
SPGI
$127B
| $195M | 0.24% |
713,701
+98,741
| +16% | +$25.7M |
|
49
Boston Scientific
BSX
$73B
| $192M | 0.24% |
4,255,095
+1,499,587
| +54% | +$62.7M |
|
50
Pfizer
PFE
$160B
| $192M | 0.24% |
5,171,691
+398,448
| +8% | +$14.2M |
|
Similar funds
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.