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 | |
|---|---|---|---|---|---|---|
1351
PUT
Halliburton
HAL
$29.6B
| $10.1M | 0.01% |
412,200
+9,700
| +2% | +$204K |
|
1352
Agilysys
AGYS
$3.4B
| $10.1M | 0.01% |
396,680
+107,990
| +37% | +$2.73M |
|
1353
iShares MBS ETF
MBB
$39.2B
| $10.1M | 0.01% |
93,271
-61,480
| -40% | -$6.64M |
|
1354
Abeona Therapeutics
ABEO
$346M
| $10.1M | 0.01% |
123,274
-17,789
| -13% | -$1.26M |
|
1355
New Mountain Finance
NMFC
$719M
| $10.1M | 0.01% |
733,428
+234,930
| +47% | +$3.18M |
|
1356
Rexford Industrial Realty
REXR
$8.28B
| $10.1M | 0.01% |
220,640
-68,067
| -24% | -$3.15M |
|
1357
MKS Inc
MKSI
$18.3B
| $10.1M | 0.01% |
91,550
-4,810
| -5% | -$504K |
|
1358
PUT
Johnson Controls International
JCI
$86.1B
| $10.1M | 0.01% |
247,300
-671,900
| -73% | -$28.4M |
|
1359
Kulicke & Soffa
KLIC
$4.43B
| $10M | 0.01% |
368,982
-72,058
| -16% | -$1.78M |
|
1360
Tronox
TROX
$878M
| $10M | 0.01% |
878,389
+614,180
| +232% | +$6.14M |
|
|
BPMC
1361
CALL
DELISTED
Blueprint Medicines
BPMC
| $10M | 0.01% |
125,100
-24,900
| -17% | -$1.86M |
|
1362
Quest Diagnostics
DGX
$27B
| $10M | 0.01% |
93,811
-335,993
| -78% | -$35M |
|
|
OSB
1363
DELISTED
Norbord Inc.
OSB
| $10M | 0.01% |
374,337
+193,329
| +107% | +$5.16M |
|
|
HSKA
1364
DELISTED
Heska Corp
HSKA
| $10M | 0.01% |
+104,249
| New | +$9.03M |
|
|
ARNA
1365
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $10M | 0.01% |
220,106
+135,946
| +162% | +$6.43M |
|
1366
Boise Cascade
BCC
$2.75B
| $9.98M | 0.01% |
273,319
+96,767
| +55% | +$3.51M |
|
1367
Conagra Brands
CAG
$7.69B
| $9.98M | 0.01% |
291,472
-1,510,666
| -84% | -$43.8M |
|
1368
VanEck Gold Miners ETF
GDX
$32.3B
| $9.97M | 0.01% |
340,416
-3,580,384
| -91% | -$97.9M |
|
|
DISCK
1369
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $9.97M | 0.01% |
326,849
+171,231
| +110% | +$4.8M |
|
|
FLOW
1370
DELISTED
SPX FLOW, Inc.
FLOW
| $9.96M | 0.01% |
203,703
+127,817
| +168% | +$5.67M |
|
|
WWE
1371
DELISTED
World Wrestling Entertainment
WWE
| $9.93M | 0.01% |
152,998
-82,017
| -35% | -$5.19M |
|
|
PR
1372
Permian Resources
PR
$19.4B
| $9.9M | 0.01% |
2,143,550
-6,056,591
| -74% | -$22.1M |
|
1373
iShares MSCI Germany ETF
EWG
$1.74B
| $9.88M | 0.01% |
336,060
-259,596
| -44% | -$7.4M |
|
1374
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.8B
| $9.86M | 0.01% |
156,491
-3,566
| -2% | -$220K |
|
|
HES
1375
PUT
DELISTED
Hess
HES
| $9.84M | 0.01% |
147,300
+134,100
| +1,016% | +$8.77M |
|
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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.