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 | |
|---|---|---|---|---|---|---|
826
Sarepta Therapeutics
SRPT
$2B
| $20.3M | 0.03% |
157,627
+96,586
| +158% | +$9.75M |
|
|
CHPMU
827
DELISTED
CHP Merger Corp. Unit
CHPMU
| $20.3M | 0.03% |
+2,000,000
| New | +$20.2M |
|
828
OGE Energy
OGE
$9.49B
| $20.3M | 0.03% |
457,066
-205,475
| -31% | -$8.88M |
|
829
Zymeworks
ZYME
$1.96B
| $20.3M | 0.03% |
446,562
-933,195
| -68% | -$33.9M |
|
830
Pediatrix Medical
MD
$2.19B
| $20.3M | 0.03% |
729,754
+389,673
| +115% | +$9.77M |
|
831
Progressive
PGR
$129B
| $20.3M | 0.03% |
280,063
-14,732
| -5% | -$1.06M |
|
|
NEX
832
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $20.3M | 0.03% |
3,022,973
+1,330,954
| +79% | +$7.18M |
|
833
Telephone and Data Systems
TDS
$3.89B
| $20.2M | 0.03% |
793,848
+475,928
| +150% | +$11.7M |
|
834
LKQ Corp
LKQ
$6.42B
| $20.2M | 0.03% |
564,580
+41,186
| +8% | +$1.4M |
|
835
Dropbox
DBX
$7.56B
| $20.2M | 0.03% |
1,125,357
+620,299
| +123% | +$11.7M |
|
|
WW
836
DELISTED
WW International
WW
| $20.1M | 0.03% |
527,187
+47,418
| +10% | +$1.8M |
|
837
JetBlue
JBLU
$1.92B
| $20.1M | 0.03% |
1,074,526
-3,407,772
| -76% | -$63.3M |
|
838
Myriad Genetics
MYGN
$305M
| $20.1M | 0.03% |
+738,238
| New | +$20.3M |
|
839
CALL
Chevron
CVX
$392B
| $20.1M | 0.03% |
166,800
-262,600
| -61% | -$30.9M |
|
840
PJT Partners
PJT
$4.46B
| $20.1M | 0.03% |
445,405
-81,247
| -15% | -$3.41M |
|
841
Waste Management
WM
$88.8B
| $20.1M | 0.03% |
176,295
-651,897
| -79% | -$73.6M |
|
842
Enviri
NVRI
$609M
| $20.1M | 0.03% |
872,931
+98,364
| +13% | +$2.06M |
|
843
CALL
AutoZone
AZO
$49.4B
| $20M | 0.03% |
16,800
+4,400
| +35% | +$5.08M |
|
|
SAIL
844
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $20M | 0.03% |
847,708
+612,603
| +261% | +$13.4M |
|
845
Associated Banc-Corp
ASB
$5.82B
| $20M | 0.03% |
907,569
+237,927
| +36% | +$5.02M |
|
846
RB Global
RBA
$15.7B
| $20M | 0.03% |
465,589
+205,374
| +79% | +$8.55M |
|
847
LPL Financial
LPLA
$28.5B
| $20M | 0.03% |
216,667
-46,408
| -18% | -$3.98M |
|
|
ECOLW
848
CALL
DELISTED
US Ecology, Inc. Warrant
ECOLW
| $20M | 0.03% |
+345,000
| New | +$3.48M |
|
|
TVIX
849
DELISTED
VelocityShares Daily 2x VIX Short Term ETN
TVIX
| $19.9M | 0.02% |
387,683
+321,528
| +486% | +$27.6M |
|
850
TAL Education Group
TAL
$6.43B
| $19.9M | 0.02% |
412,374
+381,381
| +1,231% | +$16.4M |
|
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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.