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 | |
|---|---|---|---|---|---|---|
626
Seacoast Banking Corp of Florida
SBCF
$3.31B
| $28.5M | 0.04% |
931,183
+675,044
| +264% | +$19.2M |
|
627
PUT
Caterpillar
CAT
$373B
| $28.4M | 0.04% |
192,600
+191,000
| +11,938% | +$26.7M |
|
628
CALL
Novartis
NVS
$303B
| $28.4M | 0.04% |
+300,100
| New | +$26.9M |
|
629
HF Sinclair
DINO
$16.9B
| $28.3M | 0.04% |
558,312
+423,820
| +315% | +$22.5M |
|
630
Deckers Outdoor
DECK
$12.1B
| $28.3M | 0.04% |
1,004,514
+833,910
| +489% | +$22.1M |
|
631
CALL
Boeing
BA
$167B
| $28.2M | 0.04% |
86,700
-4,100
| -5% | -$1.45M |
|
632
Best Buy
BBY
$18B
| $28.2M | 0.04% |
321,410
+260,286
| +426% | +$19.9M |
|
|
BLD
633
DELISTED
TopBuild
BLD
| $28.1M | 0.04% |
273,069
-86,187
| -24% | -$8.97M |
|
634
CALL
McDonald's
MCD
$192B
| $28.1M | 0.04% |
142,200
+33,500
| +31% | +$6.65M |
|
635
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
| $28.1M | 0.04% |
219,358
-208,223
| -49% | -$26.5M |
|
636
Vistra
VST
$46.7B
| $28M | 0.04% |
+1,218,590
| New | +$31.4M |
|
637
BlackLine
BL
$1.83B
| $27.8M | 0.03% |
539,960
-23,055
| -4% | -$1.15M |
|
638
Planet Fitness
PLNT
$3.99B
| $27.8M | 0.03% |
372,322
-541,712
| -59% | -$36.5M |
|
639
Essex Property Trust
ESS
$18.7B
| $27.7M | 0.03% |
92,218
+41,003
| +80% | +$13M |
|
640
American Eagle Outfitters
AEO
$2.81B
| $27.7M | 0.03% |
1,884,947
-308,097
| -14% | -$4.7M |
|
641
Okta
OKTA
$22.8B
| $27.7M | 0.03% |
240,105
+193,343
| +413% | +$22.3M |
|
642
Knowles
KN
$2.83B
| $27.7M | 0.03% |
1,309,142
+571,007
| +77% | +$12.3M |
|
|
AIV
643
Aimco
AIV
$375M
| $27.7M | 0.03% |
+4,024,082
| New | +$28.4M |
|
644
Teck Resources
TECK
$34.8B
| $27.7M | 0.03% |
1,592,202
+508,722
| +47% | +$8.3M |
|
645
Textron
TXT
$14.1B
| $27.6M | 0.03% |
618,404
+449,924
| +267% | +$20.8M |
|
646
Huntsman Corp
HUN
$1.67B
| $27.6M | 0.03% |
1,141,319
+563,435
| +97% | +$13.1M |
|
647
ExxonMobil
XOM
$663B
| $27.6M | 0.03% |
395,132
+316,160
| +400% | +$21.9M |
|
648
Urban Outfitters
URBN
$6.47B
| $27.5M | 0.03% |
990,303
+945,142
| +2,093% | +$26.3M |
|
649
eHealth
EHTH
$39.4M
| $27.4M | 0.03% |
285,351
+201,394
| +240% | +$15.6M |
|
650
Copa Holdings
CPA
$5.95B
| $27.4M | 0.03% |
253,304
-1,541
| -0.6% | -$161K |
|
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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.