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 | |
|---|---|---|---|---|---|---|
51
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $189M | 0.24% |
4,204,500
-1,200,000
| -22% | -$51.5M |
|
52
TJX Companies
TJX
$155B
| $188M | 0.24% |
3,084,462
+2,988,600
| +3,118% | +$177M |
|
53
RTX Corp
RTX
$282B
| $183M | 0.23% |
1,943,029
+351,417
| +22% | +$31.9M |
|
54
Fidelity National Information Services
FIS
$21.5B
| $183M | 0.23% |
1,312,563
+632,937
| +93% | +$84.9M |
|
55
NVIDIA
NVDA
$5.09T
| $181M | 0.23% |
30,761,840
+12,056,080
| +64% | +$62.7M |
|
56
CALL
Alphabet (Google) Class A
GOOGL
$4.29T
| $180M | 0.23% |
2,692,000
+494,000
| +22% | +$31.9M |
|
57
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.2B
| $178M | 0.22% |
5,914,600
+700,200
| +13% | +$20.8M |
|
58
PUT
Morgan Stanley
MS
$338B
| $175M | 0.22% |
3,415,000
+1,627,700
| +91% | +$77M |
|
|
WMGI
59
DELISTED
Wright Medical Group Inc
WMGI
| $172M | 0.22% |
5,641,420
+3,085,263
| +121% | +$80.8M |
|
60
Chevron
CVX
$397B
| $170M | 0.21% |
1,406,711
+924,557
| +192% | +$109M |
|
61
L3Harris
LHX
$49B
| $168M | 0.21% |
848,002
-530,218
| -38% | -$106M |
|
62
NXP Semiconductors
NXPI
$55.5B
| $167M | 0.21% |
1,311,060
-109,563
| -8% | -$12.7M |
|
63
MetLife
MET
$60.7B
| $166M | 0.21% |
3,262,478
-113,221
| -3% | -$5.47M |
|
64
Cigna
CI
$73.5B
| $166M | 0.21% |
813,147
+206,852
| +34% | +$37.9M |
|
65
Tyson Foods
TSN
$20.5B
| $166M | 0.21% |
1,826,284
+973,602
| +114% | +$83.7M |
|
66
Marathon Petroleum
MPC
$101B
| $166M | 0.21% |
2,756,522
-1,624,207
| -37% | -$102M |
|
67
PUT
PayPal
PYPL
$53B
| $165M | 0.21% |
1,524,800
+218,400
| +17% | +$22.8M |
|
68
Becton Dickinson
BDX
$52.1B
| $164M | 0.2% |
617,279
+390,710
| +172% | +$97.4M |
|
69
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.85B
| $164M | 0.2% |
5,324,800
+2,871,400
| +117% | +$84.8M |
|
70
Entergy
ETR
$48.9B
| $163M | 0.2% |
2,717,522
-1,212,666
| -31% | -$71.4M |
|
71
Johnson & Johnson
JNJ
$659B
| $162M | 0.2% |
1,110,484
+430,885
| +63% | +$58.4M |
|
|
72
Alphabet (Google) Class C
GOOG
$4.25T
| $160M | 0.2% |
2,393,920
+2,293,200
| +2,277% | +$148M |
|
73
Altria Group
MO
$114B
| $157M | 0.2% |
3,139,218
+74,141
| +2% | +$3.5M |
|
74
Oracle
ORCL
$413B
| $156M | 0.2% |
2,943,811
-801,828
| -21% | -$44.1M |
|
75
Williams Companies
WMB
$86.2B
| $156M | 0.2% |
6,572,304
+3,641,997
| +124% | +$83.4M |
|
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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.