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 | |
|---|---|---|---|---|---|---|
1201
Cushman & Wakefield Ltd
CWK
$3.4B
| $12.2M | 0.02% |
598,426
+465,324
| +350% | +$8.76M |
|
1202
AptarGroup
ATR
$8.6B
| $12.2M | 0.02% |
105,640
+13,603
| +15% | +$1.55M |
|
1203
Northwest Natural Holdings
NWN
$2.12B
| $12.2M | 0.02% |
165,588
+150,051
| +966% | +$10.4M |
|
|
YMAB
1204
DELISTED
Y-mAbs Therapeutics
YMAB
| $12.2M | 0.02% |
389,295
+204,489
| +111% | +$6.05M |
|
1205
Knight Transportation
KNX
$11.3B
| $12.1M | 0.02% |
338,205
-24,301
| -7% | -$893K |
|
|
KREF
1206
KKR Real Estate Finance Trust
KREF
$485M
| $12.1M | 0.02% |
590,966
+253,313
| +75% | +$5.06M |
|
|
XLNX
1207
PUT
DELISTED
Xilinx Inc
XLNX
| $12.1M | 0.02% |
+123,300
| New | +$11.6M |
|
1208
PUT
Colgate-Palmolive
CL
$73.4B
| $12.1M | 0.02% |
+175,100
| New | +$11.9M |
|
1209
FS KKR Capital
FSK
$3.36B
| $12M | 0.02% |
490,998
-11,896
| -2% | -$284K |
|
|
RUTH
1210
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $12M | 0.02% |
552,811
+81,834
| +17% | +$1.8M |
|
1211
HubSpot
HUBS
$11.8B
| $12M | 0.02% |
75,896
-133,314
| -64% | -$20.4M |
|
1212
American Financial Group
AFG
$12B
| $12M | 0.02% |
109,603
-57,368
| -34% | -$6.14M |
|
|
ITCI
1213
PUT
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $12M | 0.02% |
+350,000
| New | +$4.2M |
|
|
CUK
1214
DELISTED
Carnival PLC
CUK
| $12M | 0.02% |
249,315
-67,751
| -21% | -$2.86M |
|
1215
Agnico Eagle Mines
AEM
$108B
| $12M | 0.02% |
194,620
+36,509
| +23% | +$2.12M |
|
1216
Vanguard Total Bond Market
BND
$162B
| $12M | 0.02% |
142,992
-23,636
| -14% | -$1.99M |
|
1217
Exelixis
EXEL
$13.9B
| $12M | 0.02% |
680,548
+166,229
| +32% | +$2.82M |
|
1218
Workiva
WK
$4.05B
| $12M | 0.02% |
284,915
+227,345
| +395% | +$9.58M |
|
1219
T. Rowe Price
TROW
$24B
| $12M | 0.02% |
98,323
-6,858
| -7% | -$810K |
|
1220
Gartner
IT
$12.2B
| $12M | 0.02% |
+77,722
| New | +$11.9M |
|
1221
Alerian MLP ETF
AMLP
$13.4B
| $12M | 0.02% |
+281,761
| New | +$11.8M |
|
|
SCS
1222
DELISTED
Steelcase
SCS
| $12M | 0.02% |
585,133
+11,335
| +2% | +$210K |
|
1223
Installed Building Products
IBP
$6.54B
| $12M | 0.02% |
173,728
+72,977
| +72% | +$4.92M |
|
|
ATNX
1224
DELISTED
Athenex, Inc. Common Stock
ATNX
| $12M | 0.02% |
39,179
-13,588
| -26% | -$3.59M |
|
|
TGE
1225
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $11.9M | 0.01% |
+539,463
| New | +$10.3M |
|
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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.