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 | |
|---|---|---|---|---|---|---|
|
IVC
1101
DELISTED
Invacare Corporation
IVC
| $13.7M | 0.02% |
1,519,247
-1,017,684
| -40% | -$8.56M |
|
1102
Capri Holdings
CPRI
$1.52B
| $13.7M | 0.02% |
357,842
+98,297
| +38% | +$3.39M |
|
|
THS
1103
DELISTED
Treehouse Foods
THS
| $13.6M | 0.02% |
281,260
-52,506
| -16% | -$2.69M |
|
1104
Morningstar
MORN
$7.95B
| $13.6M | 0.02% |
90,071
+74,058
| +462% | +$11.4M |
|
1105
Fastenal
FAST
$58.7B
| $13.6M | 0.02% |
737,636
+452,608
| +159% | +$8.09M |
|
|
HRC
1106
PUT
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $13.6M | 0.02% |
120,000
+100,000
| +500% | +$10.5M |
|
|
NPAUU
1107
DELISTED
New Providence Acquisition Corp. Unit
NPAUU
| $13.6M | 0.02% |
1,324,961
-39
| -0% | -$396 |
|
1108
Alnylam Pharmaceuticals
ALNY
$32.4B
| $13.6M | 0.02% |
118,262
-98,962
| -46% | -$9.87M |
|
1109
Consolidated Edison
ED
$40B
| $13.6M | 0.02% |
150,427
+88,172
| +142% | +$7.9M |
|
1110
Algonquin Power & Utilities
AQN
$4.4B
| $13.6M | 0.02% |
961,555
+935,771
| +3,629% | +$13M |
|
1111
Ichor Holdings
ICHR
$2.14B
| $13.6M | 0.02% |
+408,058
| New | +$12.2M |
|
1112
PUT
Southwest Airlines
LUV
$20B
| $13.6M | 0.02% |
+251,500
| New | +$13.9M |
|
1113
CALL
US Bancorp
USB
$98B
| $13.6M | 0.02% |
228,600
-15,300
| -6% | -$885K |
|
1114
PUT
iShares China Large-Cap ETF
FXI
$4.24B
| $13.5M | 0.02% |
309,600
-299,700
| -49% | -$12.5M |
|
1115
PUT
VanEck Oil Services ETF
OIH
$1.92B
| $13.5M | 0.02% |
50,935
| – | – |
|
|
HUYA
1116
Huya Inc
HUYA
$486M
| $13.5M | 0.02% |
751,862
+554,261
| +280% | +$11.7M |
|
|
KSU
1117
PUT
DELISTED
Kansas City Southern
KSU
| $13.5M | 0.02% |
+88,000
| New | +$12.9M |
|
|
UNVR
1118
DELISTED
Univar Solutions Inc.
UNVR
| $13.4M | 0.02% |
554,790
+347,248
| +167% | +$7.86M |
|
1119
Old Dominion Freight Line
ODFL
$41.3B
| $13.4M | 0.02% |
212,412
+204,294
| +2,517% | +$12.5M |
|
|
EPAY
1120
CALL
DELISTED
Bottomline Technologies Inc
EPAY
| $13.4M | 0.02% |
+250,000
| New | +$11.4M |
|
|
ZGNX
1121
DELISTED
Zogenix, Inc.
ZGNX
| $13.4M | 0.02% |
256,774
-995,563
| -79% | -$45.6M |
|
1122
Protolabs
PRLB
$1.88B
| $13.4M | 0.02% |
131,614
+84,853
| +181% | +$8.41M |
|
1123
Middleby
MIDD
$5.22B
| $13.3M | 0.02% |
121,299
+117,788
| +3,355% | +$13.5M |
|
1124
Royal Caribbean
RCL
$77.9B
| $13.3M | 0.02% |
99,402
-227,163
| -70% | -$26.5M |
|
|
JIH.U
1125
DELISTED
Juniper Industrial Holdings, Inc. Units, each consisting of one share of Class A common stock, $0.00
JIH.U
| $13.3M | 0.02% |
+1,300,000
| New | +$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.