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 | |
|---|---|---|---|---|---|---|
1876
PUT
Axsome Therapeutics
AXSM
$10.5B
| $5.17M | 0.01% |
+50,000
| New | +$2.02M |
|
1877
Coeur Mining
CDE
$21.5B
| $5.16M | 0.01% |
638,223
-1,349,147
| -68% | -$8.32M |
|
|
CTT
1878
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $5.16M | 0.01% |
449,575
-53,899
| -11% | -$614K |
|
1879
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$277M
| $5.16M | 0.01% |
160
+152
| +1,900% | +$7M |
|
1880
Verra Mobility
VRRM
$678M
| $5.16M | 0.01% |
368,505
+217,856
| +145% | +$3.13M |
|
|
OAC.U
1881
DELISTED
Oaktree Acquisition Corp.
OAC.U
| $5.16M | 0.01% |
505,360
| – | – |
|
|
SRDX
1882
DELISTED
Surmodics
SRDX
| $5.15M | 0.01% |
124,264
+36,575
| +42% | +$1.54M |
|
|
FSB
1883
DELISTED
Franklin Financial Network, Inc.
FSB
| $5.14M | 0.01% |
149,883
+75,318
| +101% | +$2.48M |
|
|
STEL
1884
DELISTED
Stellar Bancorp
STEL
| $5.14M | 0.01% |
165,225
+40,208
| +32% | +$1.18M |
|
1885
Santander
BSBR
$43.4B
| $5.14M | 0.01% |
442,476
+353,535
| +397% | +$3.79M |
|
|
CSII
1886
DELISTED
Cardiovascular Systems, Inc.
CSII
| $5.14M | 0.01% |
105,781
-66,743
| -39% | -$3.04M |
|
1887
Caleres
CAL
$425M
| $5.14M | 0.01% |
216,362
-367,764
| -63% | -$8.31M |
|
1888
Rogers Corp
ROG
$2.25B
| $5.14M | 0.01% |
41,201
-35,559
| -46% | -$4.81M |
|
1889
Invesco S&P 500 Low Volatility ETF
SPLV
$7.02B
| $5.14M | 0.01% |
88,066
+29,114
| +49% | +$1.67M |
|
1890
Azenta
AZTA
$1.43B
| $5.13M | 0.01% |
122,354
-97,701
| -44% | -$4.1M |
|
1891
Artisan Partners
APAM
$3.09B
| $5.13M | 0.01% |
158,580
+136,660
| +623% | +$3.95M |
|
1892
SAP
SAP
$255B
| $5.12M | 0.01% |
38,203
-34,801
| -48% | -$4.57M |
|
1893
Century Communities
CCS
$1.94B
| $5.11M | 0.01% |
186,770
+171,910
| +1,157% | +$5.03M |
|
1894
CALL
Iovance Biotherapeutics
IOVA
$3.65B
| $5.1M | 0.01% |
+184,400
| New | +$4.19M |
|
1895
CALL
Teva Pharmaceuticals
TEVA
$42.5B
| $5.1M | 0.01% |
+520,000
| New | +$4.64M |
|
1896
OFG Bancorp
OFG
$2.21B
| $5.09M | 0.01% |
+215,539
| New | +$4.71M |
|
1897
Fortuna Silver Mines
FSM
$3.58B
| $5.09M | 0.01% |
1,247,126
-1,337,328
| -52% | -$4.37M |
|
1898
PUT
Union Pacific
UNP
$183B
| $5.08M | 0.01% |
+28,100
| New | +$4.81M |
|
|
RMG.U
1899
DELISTED
RMG Acquisition Corp.
RMG.U
| $5.08M | 0.01% |
500,000
| – | – |
|
1900
PUT
Palo Alto Networks
PANW
$302B
| $5.06M | 0.01% |
131,400
+11,400
| +10% | +$431K |
|
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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.