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 | |
|---|---|---|---|---|---|---|
1676
CALL
General Motors
GM
$75.6B
| $6.62M | 0.01% |
180,900
+30,900
| +21% | +$1.12M |
|
1677
Comtech Telecommunications
CMTL
$52.4M
| $6.61M | 0.01% |
186,134
-185,782
| -50% | -$6.39M |
|
|
DX
1678
Dynex Capital
DX
$3.2B
| $6.58M | 0.01% |
388,186
+65,536
| +20% | +$1.06M |
|
1679
Ezcorp Inc
EZPW
$2.11B
| $6.58M | 0.01% |
964,152
+872,372
| +951% | +$5.01M |
|
|
FBM
1680
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
| $6.57M | 0.01% |
339,735
-2,857
| -0.8% | -$54.8K |
|
1681
Federal Realty Investment Trust
FRT
$10.2B
| $6.57M | 0.01% |
51,009
-102,614
| -67% | -$13.6M |
|
1682
CALL
DexCom
DXCM
$33.7B
| $6.56M | 0.01% |
120,000
-220,000
| -65% | -$10.4M |
|
1683
Pentair
PNR
$9.91B
| $6.56M | 0.01% |
143,028
-163,037
| -53% | -$6.89M |
|
|
NIHD
1684
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $6.53M | 0.01% |
3,007,493
+1,639,176
| +120% | +$3.17M |
|
1685
Ameriprise Financial
AMP
$49.1B
| $6.52M | 0.01% |
+39,161
| New | +$6.07M |
|
|
WLH
1686
DELISTED
WILLIAM LYON HOMES
WLH
| $6.52M | 0.01% |
326,375
+239,970
| +278% | +$4.9M |
|
1687
Banco Santander
SAN
$211B
| $6.51M | 0.01% |
1,639,904
+1,247,655
| +318% | +$4.84M |
|
1688
Merit Medical Systems
MMSI
$5.35B
| $6.5M | 0.01% |
208,319
-328,734
| -61% | -$9.41M |
|
1689
Clear Channel Outdoor Holdings
CCO
$1.22B
| $6.49M | 0.01% |
2,270,200
+1,750,297
| +337% | +$4.43M |
|
|
HIBB
1690
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $6.49M | 0.01% |
231,357
+92,666
| +67% | +$2.35M |
|
|
SP
1691
DELISTED
SP Plus Corporation
SP
| $6.48M | 0.01% |
152,662
+58,558
| +62% | +$2.46M |
|
1692
Diamondrock Hospitality Co
DRH
$2.6B
| $6.47M | 0.01% |
583,599
+498,516
| +586% | +$5.14M |
|
1693
First Merchants
FRME
$2.62B
| $6.46M | 0.01% |
155,417
+41,708
| +37% | +$1.67M |
|
1694
PUT
HCA Healthcare
HCA
$90.8B
| $6.46M | 0.01% |
43,700
-36,300
| -45% | -$4.87M |
|
1695
SPX Corp
SPXC
$10.3B
| $6.43M | 0.01% |
+126,437
| New | +$5.78M |
|
1696
NCR Voyix
VYX
$1.27B
| $6.43M | 0.01% |
297,915
-470,835
| -61% | -$9.16M |
|
|
SABA
1697
Saba Capital Income & Opportunities Fund II
SABA
$220M
| $6.41M | 0.01% |
+523,067
| New | +$6.31M |
|
1698
PUT
Deere & Co
DE
$168B
| $6.41M | 0.01% |
+37,000
| New | +$6.37M |
|
1699
Kontoor Brands
KTB
$4.18B
| $6.41M | 0.01% |
152,595
-104,092
| -41% | -$3.93M |
|
1700
CALL
United States Oil Fund
USO
$2.03B
| $6.41M | 0.01% |
62,500
+6,125
| +11% | +$582K |
|
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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.