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 | |
|---|---|---|---|---|---|---|
|
CIICU
876
DELISTED
CIIG Merger Corp. Units
CIICU
| $18.9M | 0.02% |
+1,865,119
| New | +$18.9M |
|
877
Dave & Buster's
PLAY
$350M
| $18.9M | 0.02% |
471,453
-591,707
| -56% | -$23.7M |
|
878
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$135M
| $18.9M | 0.02% |
19,531
-11,678
| -37% | -$14.1M |
|
879
PUT
NRG Energy
NRG
$23.9B
| $18.9M | 0.02% |
+474,300
| New | +$18.8M |
|
880
Dana Inc
DAN
$3.24B
| $18.8M | 0.02% |
1,035,606
+976,954
| +1,666% | +$16.3M |
|
881
Valmont Industries
VMI
$9.13B
| $18.8M | 0.02% |
125,817
-10,696
| -8% | -$1.51M |
|
|
SIX
882
DELISTED
Six Flags Entertainment Corp.
SIX
| $18.8M | 0.02% |
417,194
-459,728
| -52% | -$21.2M |
|
883
Moelis & Co
MC
$5.04B
| $18.8M | 0.02% |
589,282
+457,045
| +346% | +$15M |
|
884
Clarivate
CLVT
$1.38B
| $18.8M | 0.02% |
1,119,543
+596,043
| +114% | +$10M |
|
885
Idacorp
IDA
$7.96B
| $18.8M | 0.02% |
176,101
-124,652
| -41% | -$13.3M |
|
|
SPR
886
DELISTED
Spirit AeroSystems
SPR
| $18.8M | 0.02% |
257,820
-175,792
| -41% | -$14.5M |
|
887
PagSeguro Digital
PAGS
$2.49B
| $18.7M | 0.02% |
548,257
+332,375
| +154% | +$12M |
|
888
Halozyme
HALO
$12.4B
| $18.7M | 0.02% |
1,054,963
+739,802
| +235% | +$12.8M |
|
889
PUT
Synchrony
SYF
$26.3B
| $18.7M | 0.02% |
+519,000
| New | +$18.6M |
|
|
PACW
890
DELISTED
PacWest Bancorp
PACW
| $18.7M | 0.02% |
488,283
-27,862
| -5% | -$1.05M |
|
891
Hubbell
HUBB
$24.5B
| $18.7M | 0.02% |
126,365
-101,736
| -45% | -$14.5M |
|
|
CTXS
892
PUT
DELISTED
Citrix Systems Inc
CTXS
| $18.6M | 0.02% |
167,700
+64,000
| +62% | +$6.89M |
|
893
Match Group
MTCH
$9.68B
| $18.5M | 0.02% |
225,728
-191,071
| -46% | -$13.9M |
|
894
Yelp
YELP
$1.29B
| $18.5M | 0.02% |
531,724
-478,335
| -47% | -$16.2M |
|
|
FBC
895
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $18.5M | 0.02% |
483,841
+217,350
| +82% | +$8.12M |
|
896
Cardinal Health
CAH
$55.3B
| $18.5M | 0.02% |
+365,003
| New | +$18.9M |
|
897
Palo Alto Networks
PANW
$277B
| $18.4M | 0.02% |
478,434
-4,128
| -0.9% | -$156K |
|
898
First American
FAF
$7.48B
| $18.4M | 0.02% |
316,100
-220,800
| -41% | -$13.5M |
|
899
Healthcare Services Group
HCSG
$1.57B
| $18.4M | 0.02% |
757,742
+580,499
| +328% | +$14.4M |
|
|
FPAC.U
900
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| $18.4M | 0.02% |
1,700,000
| – | – |
|
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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.