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 | |
|---|---|---|---|---|---|---|
676
Guardant Health
GH
$22.1B
| $26.2M | 0.03% |
334,704
+207,105
| +162% | +$14.9M |
|
677
InterDigital
IDCC
$8.92B
| $26.1M | 0.03% |
478,264
+142,656
| +43% | +$7.88M |
|
678
Jabil
JBL
$32.3B
| $26M | 0.03% |
628,347
-527,469
| -46% | -$20.2M |
|
679
Royal Bank of Canada
RY
$288B
| $26M | 0.03% |
+327,855
| New | +$26.4M |
|
|
HBI
680
DELISTED
Hanesbrands
HBI
| $25.9M | 0.03% |
+1,746,217
| New | +$26.5M |
|
|
SKX
681
DELISTED
Skechers
SKX
| $25.8M | 0.03% |
598,363
-210,973
| -26% | -$8.32M |
|
682
PUT
CSX Corp
CSX
$95.4B
| $25.8M | 0.03% |
1,070,700
+269,700
| +34% | +$6.38M |
|
683
PUT
Monster Beverage
MNST
$95.5B
| $25.7M | 0.03% |
1,619,600
+41,200
| +3% | +$605K |
|
684
Dell
DELL
$292B
| $25.7M | 0.03% |
987,818
-436,362
| -31% | -$11.4M |
|
685
Kinross Gold
KGC
$39.7B
| $25.7M | 0.03% |
5,417,573
-4,141,923
| -43% | -$18.7M |
|
|
VVNT
686
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $25.7M | 0.03% |
2,494,621
+680,189
| +37% | +$6.96M |
|
687
PUT
Honeywell
HON
$68.4B
| $25.6M | 0.03% |
206,789
+131,246
| +174% | +$21.5M |
|
688
HEICO Corp
HEI
$49.1B
| $25.6M | 0.03% |
224,214
+171,122
| +322% | +$21.1M |
|
689
CNO Financial Group
CNO
$5.01B
| $25.6M | 0.03% |
1,410,616
-241,637
| -15% | -$4.11M |
|
690
Air Products & Chemicals
APD
$67.7B
| $25.5M | 0.03% |
108,701
+44,951
| +71% | +$10.1M |
|
691
uniQure
QURE
$3.54B
| $25.5M | 0.03% |
355,548
+233,895
| +192% | +$12.8M |
|
692
Domino's
DPZ
$11.6B
| $25.4M | 0.03% |
86,594
+63,041
| +268% | +$17.4M |
|
|
SGEN
693
DELISTED
Seagen Inc. Common Stock
SGEN
| $25.4M | 0.03% |
222,372
+141,043
| +173% | +$15M |
|
694
Labcorp
LH
$27.4B
| $25.4M | 0.03% |
174,787
-331,601
| -65% | -$47.9M |
|
695
Glaukos
GKOS
$10.7B
| $25.3M | 0.03% |
465,052
+438,443
| +1,648% | +$26.7M |
|
696
CALL
Medtronic
MDT
$117B
| $25.3M | 0.03% |
223,100
+129,100
| +137% | +$14.2M |
|
697
AerCap
AER
$23.2B
| $25.3M | 0.03% |
410,928
+163,754
| +66% | +$9.63M |
|
698
DaVita
DVA
$11.3B
| $25.2M | 0.03% |
336,272
-18,868
| -5% | -$1.25M |
|
699
MacroGenics
MGNX
$266M
| $25.2M | 0.03% |
2,314,831
-829,086
| -26% | -$8.21M |
|
700
Western Alliance Bancorporation
WAL
$8.69B
| $25.2M | 0.03% |
441,808
-408,293
| -48% | -$20.9M |
|
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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.