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 | Miscellaneous | 38.21% |
| 2 | Healthcare | 10.45% |
| 3 | Technology | 8.65% |
| 4 | Financials | 8.6% |
| 5 | Consumer Discretionary | 7.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ALXN
1301
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $10.8M | 0.01% |
100,000
-50,000
| -33% | -$5.35M |
|
1302
Gray Television
GTN
$494M
| $10.8M | 0.01% |
+503,922
| New | +$9.36M |
|
|
CRC
1303
DELISTED
California Resources Corporation
CRC
| $10.8M | 0.01% |
1,193,936
+121,945
| +11% | +$988K |
|
1304
PUT
Ziff Davis
ZD
$1.91B
| $10.8M | 0.01% |
+132,250
| New | +$10.9M |
|
1305
Virtus Investment Partners
VRTS
$1.12B
| $10.8M | 0.01% |
88,495
+31,700
| +56% | +$3.54M |
|
1306
Angi Inc
ANGI
$186M
| $10.8M | 0.01% |
126,985
+67,918
| +115% | +$5.07M |
|
|
IPHI
1307
DELISTED
INPHI CORPORATION
IPHI
| $10.7M | 0.01% |
144,948
-316,513
| -69% | -$21.7M |
|
1308
America Movil
AMX
$70.4B
| $10.7M | 0.01% |
669,875
+371,389
| +124% | +$5.81M |
|
|
IBTX
1309
DELISTED
Independent Bank Group, Inc.
IBTX
| $10.7M | 0.01% |
192,761
-234,012
| -55% | -$13M |
|
1310
Innovative Industrial Properties
IIPR
$1.56B
| $10.7M | 0.01% |
140,801
+134,598
| +2,170% | +$10.4M |
|
1311
PUT
Quest Diagnostics
DGX
$27.1B
| $10.7M | 0.01% |
+100,000
| New | +$10.4M |
|
1312
Monolithic Power Systems
MPWR
$63.5B
| $10.7M | 0.01% |
59,954
+2,912
| +5% | +$465K |
|
|
NEWR
1313
DELISTED
New Relic, Inc.
NEWR
| $10.7M | 0.01% |
162,216
+153,293
| +1,718% | +$9.96M |
|
1314
Fair Isaac
FICO
$24.9B
| $10.6M | 0.01% |
28,417
-93,632
| -77% | -$31.5M |
|
|
NVEE
1315
DELISTED
NV5 Global
NVEE
| $10.6M | 0.01% |
843,676
+830,076
| +6,104% | +$12.1M |
|
1316
KRONOS Worldwide
KRO
$1.01B
| $10.6M | 0.01% |
791,278
+142,071
| +22% | +$1.86M |
|
1317
Universal Display
OLED
$3.87B
| $10.6M | 0.01% |
51,380
-47,332
| -48% | -$8.94M |
|
|
LCAHU
1318
DELISTED
Landcadia Holdings II, Inc. Unit
LCAHU
| $10.6M | 0.01% |
1,044,962
| – | – |
|
1319
MSC Industrial Direct
MSM
$6.82B
| $10.6M | 0.01% |
134,833
+7,231
| +6% | +$534K |
|
|
CRCM
1320
DELISTED
CARE.COM, INC.
CRCM
| $10.6M | 0.01% |
703,748
-334,472
| -32% | -$4.02M |
|
1321
Check Point Software Technologies
CHKP
$13.8B
| $10.6M | 0.01% |
95,290
+89,960
| +1,688% | +$10.1M |
|
1322
VanEck Oil Services ETF
OIH
$1.99B
| $10.6M | 0.01% |
39,895
-6,164
| -13% | -$1.47M |
|
1323
iShares Core S&P 500 ETF
IVV
$898B
| $10.5M | 0.01% |
32,547
+8,495
| +35% | +$2.63M |
|
1324
PUT
US Foods
USFD
$23.3B
| $10.5M | 0.01% |
+250,000
| New | +$10M |
|
|
QTS
1325
DELISTED
QTS REALTY TRUST, INC.
QTS
| $10.5M | 0.01% |
192,792
-152,223
| -44% | -$7.98M |
|
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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 $4.28B 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 Miscellaneous at 38% of assets, up from 28% a quarter earlier, followed by Healthcare and Technology.
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.