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 | |
|---|---|---|---|---|---|---|
|
WBA
1901
DELISTED
Walgreens Boots Alliance
WBA
| $5.05M | 0.01% |
85,664
-222,751
| -72% | -$12.8M |
|
1902
American Public Education
APEI
$842M
| $5.05M | 0.01% |
184,270
+23,096
| +14% | +$564K |
|
1903
RPC Inc
RES
$1.42B
| $5.04M | 0.01% |
962,824
+699,147
| +265% | +$3.14M |
|
|
GWB
1904
DELISTED
Great Western Bancorp, Inc.
GWB
| $5.04M | 0.01% |
145,235
-83,453
| -36% | -$2.88M |
|
|
BHVN
1905
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $5.04M | 0.01% |
+92,643
| New | +$4.59M |
|
1906
CALL
Packaging Corp of America
PKG
$21.4B
| $5.04M | 0.01% |
45,000
+29,800
| +196% | +$3.29M |
|
1907
Kimberly-Clark
KMB
$36.4B
| $5.03M | 0.01% |
36,594
-54,888
| -60% | -$7.42M |
|
1908
Solid Biosciences
SLDB
$1.05B
| $5.03M | 0.01% |
75,422
+22,555
| +43% | +$2.49M |
|
1909
Ralph Lauren
RL
$21.1B
| $5.03M | 0.01% |
42,874
-469,224
| -92% | -$49.4M |
|
1910
Sanofi
SNY
$107B
| $5.03M | 0.01% |
+100,100
| New | +$4.69M |
|
|
1911
CALL
Sanofi
SNY
$107B
| $5.02M | 0.01% |
+100,000
| New | +$4.68M |
|
1912
Black Hills Corp
BKH
$5.55B
| $5.02M | 0.01% |
+63,892
| New | +$4.92M |
|
1913
Interparfums
IPAR
$3.77B
| $5.02M | 0.01% |
69,010
-53,164
| -44% | -$3.87M |
|
|
FLIC
1914
DELISTED
First of Long Island Corp
FLIC
| $5.01M | 0.01% |
199,748
-38,137
| -16% | -$910K |
|
1915
Mitek Systems
MITK
$851M
| $5.01M | 0.01% |
+654,711
| New | +$5.52M |
|
1916
PUT
L3Harris
LHX
$48.9B
| $5.01M | 0.01% |
+25,300
| New | +$5.07M |
|
|
OPLN
1917
Openlane
OPLN
$4.28B
| $5M | 0.01% |
229,606
-796,807
| -78% | -$18.2M |
|
1918
Red Rock Resorts
RRR
$3.37B
| $5M | 0.01% |
208,807
-424,497
| -67% | -$9.44M |
|
1919
CALL
TG Therapeutics
TGTX
$8.26B
| $5M | 0.01% |
+450,000
| New | +$3.42M |
|
|
SHLL.WS
1920
CALL
DELISTED
Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common
SHLL.WS
| $5M | 0.01% |
+500,000
| New | +$266K |
|
1921
John Wiley & Sons Class A
WLY
$2.73B
| $4.99M | 0.01% |
102,909
-265,787
| -72% | -$12.4M |
|
1922
Bright Horizons
BFAM
$3.64B
| $4.98M | 0.01% |
33,156
-15,146
| -31% | -$2.27M |
|
1923
Anika Therapeutics
ANIK
$282M
| $4.98M | 0.01% |
96,014
-95,947
| -50% | -$5.57M |
|
1924
MakeMyTrip
MMYT
$5.55B
| $4.98M | 0.01% |
+217,319
| New | +$5.26M |
|
1925
Vanguard Morningstar Value ETF
VTV
$192B
| $4.97M | 0.01% |
41,456
+32,133
| +345% | +$3.71M |
|
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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.