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 | |
|---|---|---|---|---|---|---|
|
PENG
1501
Penguin Solutions Inc
PENG
$2.69B
| $8.45M | 0.01% |
445,542
+189,260
| +74% | +$2.93M |
|
|
TSE
1502
DELISTED
Trinseo
TSE
| $8.43M | 0.01% |
+226,616
| New | +$9.21M |
|
|
MDP
1503
DELISTED
Meredith Corporation
MDP
| $8.39M | 0.01% |
258,432
-724,287
| -74% | -$25.8M |
|
1504
Manitowoc
MTW
$686M
| $8.38M | 0.01% |
478,639
+241,039
| +101% | +$3.51M |
|
1505
Johnson Outdoors
JOUT
$480M
| $8.36M | 0.01% |
109,031
-22,079
| -17% | -$1.44M |
|
1506
PUT
Baxter International
BAX
$13.4B
| $8.36M | 0.01% |
100,000
-10,000
| -9% | -$827K |
|
1507
Northern Oil and Gas
NOG
$2.78B
| $8.36M | 0.01% |
357,319
+92,022
| +35% | +$1.82M |
|
1508
CALL
Cardinal Health
CAH
$54.7B
| $8.35M | 0.01% |
165,000
+95,000
| +136% | +$4.91M |
|
|
DBD
1509
DELISTED
Diebold Nixdorf Incorporated
DBD
| $8.35M | 0.01% |
790,240
+474,669
| +150% | +$4.21M |
|
|
HT
1510
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $8.34M | 0.01% |
573,481
+297,340
| +108% | +$4.22M |
|
1511
CALL
iShares Silver Trust
SLV
$33.8B
| $8.34M | 0.01% |
500,000
-4,450,000
| -90% | -$72.1M |
|
1512
Prothena Corp
PRTA
$467M
| $8.33M | 0.01% |
526,269
-702,207
| -57% | -$7.53M |
|
1513
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
| $8.32M | 0.01% |
+65,000
| New | +$8.28M |
|
|
FTCH
1514
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $8.32M | 0.01% |
803,476
+126,453
| +19% | +$1.14M |
|
1515
PUT
SLB Ltd
SLB
$81.6B
| $8.29M | 0.01% |
206,300
+6,300
| +3% | +$225K |
|
1516
Amneal Pharmaceuticals
AMRX
$6.27B
| $8.29M | 0.01% |
1,719,817
+971,365
| +130% | +$3.38M |
|
|
AMED
1517
DELISTED
Amedisys
AMED
| $8.28M | 0.01% |
49,620
+23,521
| +90% | +$3.5M |
|
1518
Bank of Hawaii
BOH
$3.05B
| $8.25M | 0.01% |
86,700
+27,245
| +46% | +$2.42M |
|
1519
ACI Worldwide
ACIW
$5.47B
| $8.24M | 0.01% |
+217,632
| New | +$7.41M |
|
1520
Viavi Solutions
VIAV
$9.49B
| $8.23M | 0.01% |
548,990
-652,666
| -54% | -$9.77M |
|
|
IPG
1521
DELISTED
Interpublic Group of Companies
IPG
| $8.23M | 0.01% |
356,377
-460,731
| -56% | -$10.1M |
|
|
ALLK
1522
CALL
DELISTED
Allakos
ALLK
| $8.23M | 0.01% |
+86,300
| New | +$7.59M |
|
1523
Yeti Holdings
YETI
$3.05B
| $8.23M | 0.01% |
236,644
+178,478
| +307% | +$5.62M |
|
1524
WesBanco
WSBC
$3.88B
| $8.22M | 0.01% |
217,615
+144,706
| +198% | +$5.4M |
|
1525
Howard Hughes
HHH
$3.88B
| $8.22M | 0.01% |
67,973
+65,140
| +2,299% | +$7.23M |
|
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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.