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 | |
|---|---|---|---|---|---|---|
601
CALL
Costco
COST
$428B
| $29.8M | 0.04% |
101,400
-200
| -0.2% | -$59.4K |
|
602
Ollie's Bargain Outlet
OLLI
$4.55B
| $29.7M | 0.04% |
455,310
+362,664
| +391% | +$23M |
|
603
OneMain Financial
OMF
$7.2B
| $29.7M | 0.04% |
704,285
-157,318
| -18% | -$6.36M |
|
604
Lumen
LUMN
$5.95B
| $29.7M | 0.04% |
2,245,873
+573,977
| +34% | +$7.7M |
|
605
PUT
PNC Financial Services
PNC
$97B
| $29.5M | 0.04% |
184,600
+181,100
| +5,174% | +$27.2M |
|
606
CALL
Micron Technology
MU
$1.05T
| $29.4M | 0.04% |
547,500
-189,200
| -26% | -$9.03M |
|
607
Wolverine World Wide
WWW
$1.67B
| $29.4M | 0.04% |
872,388
+447,658
| +105% | +$14M |
|
608
Johnson Controls International
JCI
$86.7B
| $29.4M | 0.04% |
721,840
-207,254
| -22% | -$8.75M |
|
609
Clean Harbors
CLH
$16.5B
| $29.3M | 0.04% |
341,834
+265,776
| +349% | +$21.6M |
|
|
RARX
610
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
| $29.2M | 0.04% |
621,166
+488,888
| +370% | +$21.6M |
|
|
STAY
611
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $29.1M | 0.04% |
1,957,336
+1,555,162
| +387% | +$22.6M |
|
612
Universal Health Services
UHS
$10.3B
| $29.1M | 0.04% |
202,564
+193,774
| +2,204% | +$27.6M |
|
613
Compañía de Minas Buenaventura
BVN
$8.88B
| $29M | 0.04% |
1,922,959
+1,893,684
| +6,469% | +$28.1M |
|
614
PUT
MetLife
MET
$60.6B
| $29M | 0.04% |
569,400
+496,500
| +681% | +$24M |
|
615
PUT
Seagate
STX
$185B
| $29M | 0.04% |
486,900
+369,600
| +315% | +$21.2M |
|
|
MNDT
616
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $28.8M | 0.04% |
1,744,915
+1,313,345
| +304% | +$21.1M |
|
|
TXNM
617
TXNM Energy Inc
TXNM
$5.9B
| $28.8M | 0.04% |
567,682
+307,876
| +119% | +$15.5M |
|
|
MGLN
618
DELISTED
Magellan Health Services, Inc.
MGLN
| $28.7M | 0.04% |
366,805
+135,998
| +59% | +$9.56M |
|
619
Jack Henry & Associates
JKHY
$12.2B
| $28.7M | 0.04% |
196,978
-10,630
| -5% | -$1.55M |
|
620
Atlassian
TEAM
$42.7B
| $28.6M | 0.04% |
237,956
+136,931
| +136% | +$16.7M |
|
621
Qiagen
QGEN
$8.84B
| $28.6M | 0.04% |
798,484
+678,098
| +563% | +$25.2M |
|
|
LOGM
622
DELISTED
LogMein, Inc.
LOGM
| $28.6M | 0.04% |
333,661
+131,085
| +65% | +$9.73M |
|
|
LSXMA
623
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $28.5M | 0.04% |
817,431
+217,701
| +36% | +$7.2M |
|
624
CALL
Verizon
VZ
$208B
| $28.5M | 0.04% |
464,900
+17,900
| +4% | +$1.08M |
|
625
Orion
OEC
$336M
| $28.5M | 0.04% |
1,477,040
-447,516
| -23% | -$8.09M |
|
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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.