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 | |
|---|---|---|---|---|---|---|
1076
Allegion
ALLE
$13.6B
| $14.1M | 0.02% |
113,413
-558,816
| -83% | -$64.5M |
|
|
ACIA
1077
DELISTED
Acacia Communications Inc
ACIA
| $14.1M | 0.02% |
208,083
+25,922
| +14% | +$1.72M |
|
1078
UGI
UGI
$8.21B
| $14.1M | 0.02% |
312,216
+40,976
| +15% | +$1.88M |
|
1079
Nektar Therapeutics
NKTR
$2.55B
| $14.1M | 0.02% |
43,495
-22,512
| -34% | -$6.53M |
|
1080
PUT
Intuit
INTU
$92.9B
| $14M | 0.02% |
53,600
+48,200
| +893% | +$12.6M |
|
1081
Cirrus Logic
CRUS
$5.64B
| $14M | 0.02% |
170,321
-204,597
| -55% | -$13.9M |
|
1082
CALL
Merck
MRK
$380B
| $14M | 0.02% |
161,602
-81,220
| -33% | -$6.67M |
|
1083
Donaldson
DCI
$11.1B
| $14M | 0.02% |
242,871
-491,793
| -67% | -$26.8M |
|
1084
Lithia Motors
LAD
$8.17B
| $14M | 0.02% |
95,167
-1,092
| -1% | -$164K |
|
1085
Crown Castle
CCI
$32.6B
| $14M | 0.02% |
98,324
-204,672
| -68% | -$27.9M |
|
1086
Vanguard Short-Term Corporate Bond ETF
VCSH
$45.1B
| $13.9M | 0.02% |
172,077
+134,285
| +355% | +$10.9M |
|
1087
PENN Entertainment
PENN
$2.37B
| $13.9M | 0.02% |
544,672
+183,320
| +51% | +$4.07M |
|
1088
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $13.9M | 0.02% |
208,000
+200,000
| +2,500% | +$12.9M |
|
1089
JPMorgan Ultra-Short Income ETF
JPST
$40.8B
| $13.9M | 0.02% |
275,531
+99,270
| +56% | +$5.01M |
|
1090
EastGroup Properties
EGP
$10.9B
| $13.9M | 0.02% |
104,703
+39,364
| +60% | +$5.17M |
|
1091
Q2 Holdings
QTWO
$3.89B
| $13.9M | 0.02% |
171,106
+41,792
| +32% | +$3.21M |
|
1092
Rush Enterprises Class A
RUSHA
$8.41B
| $13.9M | 0.02% |
671,193
+474,228
| +241% | +$9.23M |
|
1093
CALL
Starbucks
SBUX
$121B
| $13.8M | 0.02% |
157,300
-229,700
| -59% | -$19.6M |
|
1094
Sociedad Química y Minera de Chile
SQM
$22.3B
| $13.8M | 0.02% |
517,872
+483,808
| +1,420% | +$12.7M |
|
|
DRNA
1095
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $13.8M | 0.02% |
625,910
+250,270
| +67% | +$5.04M |
|
1096
Eaton
ETN
$160B
| $13.8M | 0.02% |
145,547
+142,515
| +4,700% | +$12.7M |
|
1097
PUT
Linde
LIN
$226B
| $13.8M | 0.02% |
64,700
+36,800
| +132% | +$7.42M |
|
1098
GSK
GSK
$104B
| $13.7M | 0.02% |
+234,030
| New | +$13M |
|
1099
Children's Place
PLCE
$61.8M
| $13.7M | 0.02% |
219,740
-113,728
| -34% | -$8.29M |
|
1100
Ferrari
RACE
$73.3B
| $13.7M | 0.02% |
+82,904
| New | +$13.4M |
|
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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.