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 | |
|---|---|---|---|---|---|---|
|
ADSW
751
DELISTED
Advanced Disposal Services Inc
ADSW
| $23.3M | 0.03% |
709,885
-1,923,688
| -73% | -$63.1M |
|
752
M&T Bank
MTB
$34.7B
| $23.3M | 0.03% |
137,273
-19,213
| -12% | -$3.12M |
|
|
SIEN
753
DELISTED
Sientra, Inc.
SIEN
| $23.2M | 0.03% |
259,018
-65,215
| -20% | -$4.91M |
|
|
NVO
754
CALL
Novo Nordisk
NVO
$215B
| $23.2M | 0.03% |
800,000
-100,000
| -11% | -$2.77M |
|
|
WW
755
CALL
DELISTED
WW International
WW
| $23.1M | 0.03% |
605,000
+545,000
| +908% | +$20.7M |
|
756
Equity Lifestyle Properties
ELS
$12.7B
| $23.1M | 0.03% |
328,205
-484,989
| -60% | -$33.7M |
|
757
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
| $23.1M | 0.03% |
430,500
-342,700
| -44% | -$17.7M |
|
758
PPG Industries
PPG
$25.3B
| $23M | 0.03% |
172,455
+19,048
| +12% | +$2.41M |
|
759
Alkermes
ALKS
$8.26B
| $23M | 0.03% |
1,127,720
-1,045,550
| -48% | -$20.8M |
|
760
Analog Devices
ADI
$181B
| $23M | 0.03% |
193,247
+79,306
| +70% | +$8.94M |
|
761
Seagate
STX
$186B
| $22.9M | 0.03% |
385,463
+245,238
| +175% | +$14.1M |
|
762
Arbor Realty Trust
ABR
$961M
| $22.9M | 0.03% |
1,595,225
+136,803
| +9% | +$1.94M |
|
763
Incyte
INCY
$26.3B
| $22.9M | 0.03% |
261,824
-14,036
| -5% | -$1.2M |
|
764
PUT
Edwards Lifesciences
EW
$52.4B
| $22.8M | 0.03% |
293,100
-308,400
| -51% | -$24.1M |
|
765
PUT
TJX Companies
TJX
$154B
| $22.8M | 0.03% |
372,800
+253,000
| +211% | +$15M |
|
766
Gibraltar Industries
ROCK
$1.37B
| $22.7M | 0.03% |
449,772
+58,164
| +15% | +$2.92M |
|
767
iShares MSCI Japan ETF
EWJ
$22.6B
| $22.6M | 0.03% |
380,687
+72,990
| +24% | +$4.3M |
|
768
Trinity Industries
TRN
$2.36B
| $22.5M | 0.03% |
1,016,961
+13,853
| +1% | +$282K |
|
769
DHT Holdings
DHT
$3.09B
| $22.5M | 0.03% |
2,719,452
+1,677,082
| +161% | +$12.4M |
|
|
NSTG
770
DELISTED
NanoString Technologies, Inc.
NSTG
| $22.5M | 0.03% |
808,652
+292,669
| +57% | +$7.1M |
|
771
Affiliated Managers Group
AMG
$9.45B
| $22.4M | 0.03% |
264,786
+152,143
| +135% | +$12.5M |
|
|
RTN
772
DELISTED
Raytheon Company
RTN
| $22.4M | 0.03% |
101,839
-83,866
| -45% | -$17.7M |
|
773
Element Solutions
ESI
$8.65B
| $22.3M | 0.03% |
1,907,442
+1,605,640
| +532% | +$17.7M |
|
774
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $22.3M | 0.03% |
218,600
-359,200
| -62% | -$34.5M |
|
775
Arrow Electronics
ARW
$10.3B
| $22.2M | 0.03% |
262,499
+102,700
| +64% | +$8.17M |
|
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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.