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 | |
|---|---|---|---|---|---|---|
1826
Carriage Services
CSV
$547M
| $5.51M | 0.01% |
215,125
+15,435
| +8% | +$374K |
|
1827
The RMR Group
RMR
$332M
| $5.5M | 0.01% |
120,490
-30,004
| -20% | -$1.39M |
|
1828
argenx
ARGX
$64.7B
| $5.5M | 0.01% |
34,236
-81,227
| -70% | -$11M |
|
1829
VanEck Vietnam ETF
VNM
$524M
| $5.49M | 0.01% |
343,199
+54,616
| +19% | +$882K |
|
1830
Scorpio Tankers
STNG
$3.92B
| $5.48M | 0.01% |
139,328
+46,399
| +50% | +$1.59M |
|
1831
1st Source
SRCE
$2.07B
| $5.47M | 0.01% |
105,515
-7,616
| -7% | -$383K |
|
1832
US Foods
USFD
$23.2B
| $5.46M | 0.01% |
130,335
-1,524,270
| -92% | -$61.2M |
|
1833
TriNet
TNET
$3.26B
| $5.46M | 0.01% |
96,402
-235,426
| -71% | -$13.1M |
|
1834
Old Republic International
ORI
$10.2B
| $5.45M | 0.01% |
243,722
-121,708
| -33% | -$2.77M |
|
1835
Community Bank
CBU
$3.32B
| $5.44M | 0.01% |
76,708
-28,338
| -27% | -$1.9M |
|
1836
Lexicon Pharmaceuticals
LXRX
$1.02B
| $5.43M | 0.01% |
1,309,722
+89,093
| +7% | +$343K |
|
1837
Energizer
ENR
$1.53B
| $5.43M | 0.01% |
108,186
-467,857
| -81% | -$21.5M |
|
1838
International Seaways
INSW
$4.91B
| $5.42M | 0.01% |
182,255
+89,083
| +96% | +$2.32M |
|
1839
Waters Corp
WAT
$40.7B
| $5.42M | 0.01% |
23,211
-19,848
| -46% | -$4.38M |
|
1840
Advanced Drainage Systems
WMS
$10.3B
| $5.42M | 0.01% |
139,556
-501,713
| -78% | -$18.6M |
|
|
HOME
1841
DELISTED
At Home Group Inc.
HOME
| $5.42M | 0.01% |
985,157
+669,928
| +213% | +$5.45M |
|
|
CLLS
1842
Cellectis
CLLS
$346M
| $5.42M | 0.01% |
316,278
-7,938
| -2% | -$106K |
|
|
SRTA
1843
Strata Critical Medical Inc
SRTA
$530M
| $5.41M | 0.01% |
+550,000
| New | +$5.38M |
|
1844
CALL
NetApp
NTAP
$37.1B
| $5.4M | 0.01% |
+86,800
| New | +$5.06M |
|
1845
Vishay Precision Group
VPG
$853M
| $5.4M | 0.01% |
158,735
+120,787
| +318% | +$4.06M |
|
1846
iShares MSCI South Africa ETF
EZA
$590M
| $5.39M | 0.01% |
109,828
-17,609
| -14% | -$879K |
|
1847
Victory Capital Holdings
VCTR
$7.46B
| $5.38M | 0.01% |
256,393
+135,578
| +112% | +$2.46M |
|
1848
CALL
Henry Schein
HSIC
$10B
| $5.34M | 0.01% |
80,000
| – | – |
|
|
DSSI
1849
DELISTED
Diamond S Shipping Inc. Common Shares
DSSI
| $5.33M | 0.01% |
318,240
+307,159
| +2,772% | +$4.59M |
|
1850
Kohl's
KSS
$2.02B
| $5.32M | 0.01% |
+104,485
| New | +$5.31M |
|
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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.