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 | |
|---|---|---|---|---|---|---|
1926
Hancock Whitney
HWC
$6.05B
| $4.97M | 0.01% |
113,190
+51,801
| +84% | +$2.1M |
|
1927
Inogen
INGN
$146M
| $4.97M | 0.01% |
72,690
-274,923
| -79% | -$17.2M |
|
|
WUBA
1928
DELISTED
58.com Inc
WUBA
| $4.96M | 0.01% |
76,681
-17,841
| -19% | -$1M |
|
1929
Liberty Media Series C
FWONK
$25.6B
| $4.95M | 0.01% |
+111,325
| New | +$4.64M |
|
1930
CVR Energy
CVI
$4.19B
| $4.95M | 0.01% |
122,327
+79,359
| +185% | +$3.49M |
|
|
THWWW
1931
CALL
DELISTED
Target Hospitality Corp. Warrant expiring 3/15/2024
THWWW
| $4.95M | 0.01% |
+989,200
| New | +$689K |
|
|
FOCS
1932
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $4.94M | 0.01% |
167,615
-95,474
| -36% | -$2.44M |
|
|
SPLK
1933
PUT
DELISTED
Splunk Inc
SPLK
| $4.93M | 0.01% |
32,900
+1,800
| +6% | +$236K |
|
1934
Alphatec Holdings
ATEC
$1.46B
| $4.92M | 0.01% |
694,106
+12,944
| +2% | +$83.1K |
|
1935
iShares Russell 1000 Growth ETF
IWF
$126B
| $4.92M | 0.01% |
+111,928
| New | +$4.67M |
|
|
ONDK
1936
DELISTED
On Deck Capital, Inc.
ONDK
| $4.92M | 0.01% |
1,187,628
-337,597
| -22% | -$1.36M |
|
|
VMW
1937
DELISTED
VMware, Inc
VMW
| $4.91M | 0.01% |
32,330
+28,196
| +682% | +$4.42M |
|
1938
Hackett Group
HCKT
$281M
| $4.9M | 0.01% |
303,732
+34,614
| +13% | +$550K |
|
|
WAAS
1939
DELISTED
AquaVenture Holdings Limited
WAAS
| $4.9M | 0.01% |
+180,608
| New | +$3.83M |
|
1940
Gyre Therapeutics
GYRE
$696M
| $4.88M | 0.01% |
95,649
+1,870
| +2% | +$78.4K |
|
1941
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $4.87M | 0.01% |
+74,266
| New | +$4.77M |
|
1942
ASE Group
ASX
$98.5B
| $4.86M | 0.01% |
874,444
+833,714
| +2,047% | +$4.28M |
|
|
ECOL
1943
DELISTED
US Ecology, Inc.
ECOL
| $4.86M | 0.01% |
83,893
+22,934
| +38% | +$1.36M |
|
|
WBA
1944
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $4.85M | 0.01% |
82,200
-197,600
| -71% | -$11.4M |
|
1945
Phibro Animal Health
PAHC
$1.56B
| $4.84M | 0.01% |
195,059
-99,107
| -34% | -$2.3M |
|
1946
Radian Group
RDN
$4.84B
| $4.83M | 0.01% |
191,888
-308,944
| -62% | -$7.68M |
|
1947
Illumina
ILMN
$32.6B
| $4.83M | 0.01% |
14,959
-452
| -3% | -$137K |
|
1948
The RealReal
REAL
$1.34B
| $4.83M | 0.01% |
256,081
-95,862
| -27% | -$1.84M |
|
1949
CALL
Cooper Companies
COO
$13.9B
| $4.82M | 0.01% |
60,000
+52,000
| +650% | +$3.92M |
|
1950
Arrowhead Research
ARWR
$12B
| $4.81M | 0.01% |
75,857
+68,001
| +866% | +$3.37M |
|
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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.