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 | |
|---|---|---|---|---|---|---|
1151
Wheaton Precious Metals
WPM
$70.9B
| $13M | 0.02% |
436,041
-16,697
| -4% | -$456K |
|
|
EE
1152
DELISTED
El Paso Electric Company
EE
| $13M | 0.02% |
190,889
-866,927
| -82% | -$58.4M |
|
|
DRE
1153
DELISTED
Duke Realty Corp.
DRE
| $12.9M | 0.02% |
372,705
-1,132,112
| -75% | -$39.1M |
|
1154
Bank of Montreal
BMO
$121B
| $12.9M | 0.02% |
166,709
-41,566
| -20% | -$3.13M |
|
1155
PUT
Marriott International
MAR
$93.1B
| $12.9M | 0.02% |
85,200
-28,000
| -25% | -$3.75M |
|
|
AAN.A
1156
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $12.9M | 0.02% |
225,817
+195,074
| +635% | +$11.1M |
|
1157
Cars.com
CARS
$643M
| $12.8M | 0.02% |
1,051,517
-622,141
| -37% | -$7.26M |
|
|
BEST
1158
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $12.8M | 0.02% |
115,460
+60,130
| +109% | +$6.59M |
|
1159
COPT Defense Properties
CDP
$4.27B
| $12.8M | 0.02% |
436,847
+408,577
| +1,445% | +$11.9M |
|
1160
Plexus
PLXS
$6.53B
| $12.8M | 0.02% |
166,133
+38,570
| +30% | +$2.8M |
|
1161
CALL
CVS Health
CVS
$121B
| $12.8M | 0.02% |
172,000
+168,400
| +4,678% | +$11.8M |
|
1162
PUT
Teva Pharmaceuticals
TEVA
$43.7B
| $12.7M | 0.02% |
1,300,000
-1,757,500
| -57% | -$15.7M |
|
|
TRTX
1163
TPG RE Finance Trust
TRTX
$595M
| $12.7M | 0.02% |
627,362
+227,421
| +57% | +$4.57M |
|
1164
Builders FirstSource
BLDR
$7.39B
| $12.7M | 0.02% |
500,201
-16,200
| -3% | -$387K |
|
|
CZZ
1165
DELISTED
Cosan Limited
CZZ
| $12.7M | 0.02% |
556,182
-346,262
| -38% | -$6.15M |
|
|
SWCH
1166
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $12.7M | 0.02% |
857,001
-519,375
| -38% | -$7.87M |
|
|
EBIX
1167
DELISTED
Ebix Inc
EBIX
| $12.7M | 0.02% |
380,101
+368,512
| +3,180% | +$13.6M |
|
|
AD
1168
Array Digital Infrastructure
AD
$3.08B
| $12.7M | 0.02% |
350,441
+240,380
| +218% | +$8.42M |
|
|
JWN
1169
DELISTED
Nordstrom
JWN
| $12.7M | 0.02% |
310,118
+98,277
| +46% | +$3.64M |
|
1170
CALL
Labcorp
LH
$27.3B
| $12.7M | 0.02% |
+87,300
| New | +$12.6M |
|
|
1171
PUT
Labcorp
LH
$27.3B
| $12.7M | 0.02% |
87,300
+75,660
| +650% | +$10.9M |
|
1172
Chegg
CHGG
$88.7M
| $12.7M | 0.02% |
334,303
-136,227
| -29% | -$4.77M |
|
|
DRRX
1173
DELISTED
DURECT Corp
DRRX
| $12.7M | 0.02% |
333,356
+281,637
| +545% | +$5.8M |
|
1174
Cactus
WHD
$5.35B
| $12.7M | 0.02% |
368,957
+76,552
| +26% | +$2.32M |
|
|
AY
1175
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $12.7M | 0.02% |
479,498
-439,294
| -48% | -$11M |
|
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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.