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 | |
|---|---|---|---|---|---|---|
101
PUT
Starbucks
SBUX
$123B
| $128M | 0.16% |
1,452,900
+816,600
| +128% | +$69.6M |
|
102
PUT
Intel
INTC
$461B
| $127M | 0.16% |
2,125,700
+1,028,600
| +94% | +$57.6M |
|
103
PUT
Charter Communications
CHTR
$18.3B
| $127M | 0.16% |
262,000
+167,800
| +178% | +$77.2M |
|
104
Philip Morris
PM
$300B
| $126M | 0.16% |
1,481,087
+1,169,544
| +375% | +$96.4M |
|
105
JPMorgan Chase
JPM
$948B
| $125M | 0.16% |
896,603
+415,475
| +86% | +$53.3M |
|
106
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $121M | 0.15% |
1,923,700
-255,800
| -12% | -$15.8M |
|
|
107
PUT
Wells Fargo
WFC
$256B
| $121M | 0.15% |
2,246,300
+1,009,700
| +82% | +$52.9M |
|
|
PE
108
DELISTED
PARSLEY ENERGY INC
PE
| $120M | 0.15% |
6,369,562
+2,852,291
| +81% | +$47.1M |
|
|
109
Starbucks
SBUX
$123B
| $120M | 0.15% |
1,362,884
+165,347
| +14% | +$14.1M |
|
110
McKesson
MCK
$102B
| $120M | 0.15% |
865,659
-23,686
| -3% | -$3.35M |
|
111
Citizens Financial Group
CFG
$29.6B
| $120M | 0.15% |
2,944,220
-1,858,751
| -39% | -$69.6M |
|
112
CALL
Netflix
NFLX
$334B
| $117M | 0.15% |
3,629,000
+1,704,000
| +89% | +$50.5M |
|
113
iShares Russell 2000 ETF
IWM
$81.5B
| $117M | 0.15% |
706,609
+626,863
| +786% | +$99.1M |
|
114
NiSource
NI
$19.5B
| $117M | 0.15% |
4,191,577
+2,318,027
| +124% | +$63.5M |
|
|
115
Charter Communications
CHTR
$18.3B
| $114M | 0.14% |
235,400
+17,450
| +8% | +$8.03M |
|
116
SPDR Gold Trust
GLD
$155B
| $114M | 0.14% |
799,003
+700,298
| +709% | +$97.9M |
|
117
PUT
Goldman Sachs
GS
$301B
| $114M | 0.14% |
495,200
+219,900
| +80% | +$47.7M |
|
118
Delta Air Lines
DAL
$54.6B
| $114M | 0.14% |
1,945,846
+548,695
| +39% | +$30.8M |
|
119
Stanley Black & Decker
SWK
$15B
| $113M | 0.14% |
683,634
+292,829
| +75% | +$45.3M |
|
120
PUT
Comcast
CMCSA
$96.1B
| $111M | 0.14% |
2,475,600
+765,400
| +45% | +$34.1M |
|
121
PUT
Booking.com
BKNG
$161B
| $111M | 0.14% |
1,355,000
+57,500
| +4% | +$4.51M |
|
122
HCA Healthcare
HCA
$93.2B
| $111M | 0.14% |
748,399
-116,613
| -13% | -$15.7M |
|
123
Camden Property Trust
CPT
$10.8B
| $110M | 0.14% |
1,036,517
+121,167
| +13% | +$13.4M |
|
|
MDCO
124
DELISTED
Medicines Co
MDCO
| $110M | 0.14% |
1,291,001
+951,684
| +280% | +$63.5M |
|
125
Agilent Technologies
A
$43.2B
| $108M | 0.13% |
1,262,127
+529,292
| +72% | +$41.7M |
|
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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.