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 | |
|---|---|---|---|---|---|---|
851
Weyerhaeuser
WY
$17.6B
| $19.8M | 0.02% |
+656,956
| New | +$19.1M |
|
|
WMGI
852
CALL
DELISTED
Wright Medical Group Inc
WMGI
| $19.8M | 0.02% |
650,000
+450,000
| +225% | +$11.8M |
|
|
LADR
853
Ladder Capital
LADR
$1.26B
| $19.8M | 0.02% |
1,097,116
-17,784
| -2% | -$307K |
|
854
HealthEquity
HQY
$8.81B
| $19.8M | 0.02% |
267,046
+5,187
| +2% | +$324K |
|
855
Invesco
IVZ
$14.4B
| $19.8M | 0.02% |
1,099,480
+995,078
| +953% | +$17M |
|
|
HPP
856
Hudson Pacific Properties
HPP
$809M
| $19.7M | 0.02% |
74,879
-38,045
| -34% | -$9.37M |
|
857
CALL
Synaptics
SYNA
$3.71B
| $19.7M | 0.02% |
+300,000
| New | +$15.8M |
|
858
Insmed
INSM
$27.1B
| $19.7M | 0.02% |
+824,710
| New | +$16.8M |
|
|
CADE
859
DELISTED
Cadence Bancorporation
CADE
| $19.6M | 0.02% |
1,081,916
+720,659
| +199% | +$12M |
|
860
Reinsurance Group of America
RGA
$16B
| $19.5M | 0.02% |
119,784
+91,175
| +319% | +$14.7M |
|
861
Ares Capital
ARCC
$14.3B
| $19.5M | 0.02% |
+1,044,832
| New | +$19.4M |
|
862
Trip.com Group
TCOM
$29B
| $19.5M | 0.02% |
580,209
-1,383,793
| -70% | -$44.6M |
|
|
COR
863
DELISTED
Coresite Realty Corporation
COR
| $19.4M | 0.02% |
172,985
+93,460
| +118% | +$10.8M |
|
864
United Bankshares
UBSI
$6.46B
| $19.4M | 0.02% |
+501,155
| New | +$19.3M |
|
|
HOLX
865
CALL
DELISTED
Hologic
HOLX
| $19.3M | 0.02% |
370,000
-50,000
| -12% | -$2.49M |
|
|
FSRVU
866
DELISTED
FinServ Acquisition Corp. Unit, 1 Com, 1/2 Wt.
FSRVU
| $19.3M | 0.02% |
+1,881,689
| New | +$19M |
|
|
867
CALL
Home Depot
HD
$337B
| $19.2M | 0.02% |
87,900
+17,900
| +26% | +$4.05M |
|
868
Flowserve
FLS
$10.2B
| $19.2M | 0.02% |
+385,079
| New | +$18.4M |
|
869
Ingevity
NGVT
$2.37B
| $19.1M | 0.02% |
219,162
+121,289
| +124% | +$10.6M |
|
870
Materion
MTRN
$4.84B
| $19.1M | 0.02% |
321,827
+118,011
| +58% | +$6.98M |
|
871
PUT
eBay
EBAY
$47.2B
| $19.1M | 0.02% |
528,800
+245,500
| +87% | +$8.89M |
|
872
PUT
Arrowhead Research
ARWR
$12.6B
| $19M | 0.02% |
300,000
-60,000
| -17% | -$2.98M |
|
873
CRISPR Therapeutics
CRSP
$5.89B
| $19M | 0.02% |
312,433
+205,895
| +193% | +$11.2M |
|
874
Kilroy Realty
KRC
$4.33B
| $19M | 0.02% |
226,585
-193,164
| -46% | -$15.8M |
|
|
PGRE
875
DELISTED
Paramount Group
PGRE
| $19M | 0.02% |
1,361,907
+403,127
| +42% | +$5.41M |
|
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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.