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 | |
|---|---|---|---|---|---|---|
926
Vanguard Short-Term Bond ETF
BSV
$45.7B
| $17.6M | 0.02% |
218,889
+12,799
| +6% | +$1.03M |
|
927
Simon Property Group
SPG
$70.9B
| $17.6M | 0.02% |
+118,259
| New | +$17.7M |
|
928
Centene
CNC
$32.1B
| $17.6M | 0.02% |
279,806
+139,446
| +99% | +$7.57M |
|
929
CALL
Bath & Body Works
BBWI
$3.54B
| $17.6M | 0.02% |
+1,199,890
| New | +$17.3M |
|
930
SLM Corp
SLM
$4.98B
| $17.6M | 0.02% |
1,972,022
+1,107,852
| +128% | +$9.63M |
|
|
MFA
931
MFA Financial
MFA
$894M
| $17.6M | 0.02% |
573,596
+22,568
| +4% | +$689K |
|
932
PUT
Dover
DOV
$27.2B
| $17.5M | 0.02% |
152,200
+99,600
| +189% | +$10.7M |
|
933
CALL
Mondelez International
MDLZ
$80.4B
| $17.5M | 0.02% |
317,500
+263,000
| +483% | +$14.1M |
|
|
THBRU
934
DELISTED
Thunder Bridge Acquisition II, Ltd. Units
THBRU
| $17.5M | 0.02% |
1,670,000
| – | – |
|
935
Sinclair Inc
SBGI
$1.06B
| $17.4M | 0.02% |
522,622
+427,758
| +451% | +$15.9M |
|
936
PUT
Incyte
INCY
$26.3B
| $17.4M | 0.02% |
+199,500
| New | +$17M |
|
937
PUT
Altria Group
MO
$114B
| $17.4M | 0.02% |
+348,500
| New | +$16.4M |
|
938
State Street Energy Select Sector SPDR ETF
XLE
$40.8B
| $17.3M | 0.02% |
576,484
-298,688
| -34% | -$8.86M |
|
939
CALL
United Airlines
UAL
$38.1B
| $17.3M | 0.02% |
195,900
-84,800
| -30% | -$7.61M |
|
940
RLI Corp
RLI
$5.96B
| $17.1M | 0.02% |
380,868
+376,278
| +8,198% | +$17.7M |
|
|
ARQL
941
DELISTED
Arqule Inc
ARQL
| $17.1M | 0.02% |
858,382
-745,503
| -46% | -$8.65M |
|
942
First Bancorp
FBNC
$2.65B
| $17.1M | 0.02% |
428,781
-38,665
| -8% | -$1.48M |
|
|
GSAH.U
943
DELISTED
GS Acquisition Holdings Corp. Units, each consisting of one share of Class A common stock and one-th
GSAH.U
| $17.1M | 0.02% |
1,450,000
| – | – |
|
|
AQUA
944
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $17.1M | 0.02% |
900,474
+392,339
| +77% | +$7.04M |
|
945
PUT
CME Group
CME
$99.7B
| $17M | 0.02% |
84,700
+39,200
| +86% | +$8.04M |
|
946
Equitable Holdings
EQH
$13.3B
| $17M | 0.02% |
+685,887
| New | +$15.9M |
|
|
AXON
947
Axon Enterprise
AXON
$49.8B
| $17M | 0.02% |
231,507
-4,939
| -2% | -$313K |
|
|
EV
948
DELISTED
Eaton Vance Corp.
EV
| $16.9M | 0.02% |
362,562
-9,746
| -3% | -$451K |
|
949
Sabra Healthcare REIT
SBRA
$5.32B
| $16.9M | 0.02% |
791,735
+753,075
| +1,948% | +$16.9M |
|
950
AGCO
AGCO
$7.77B
| $16.9M | 0.02% |
218,256
+171,035
| +362% | +$13.1M |
|
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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.