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 | |
|---|---|---|---|---|---|---|
1951
Credit Acceptance
CACC
$6.18B
| $4.78M | 0.01% |
10,808
+2,063
| +24% | +$909K |
|
1952
Group 1 Automotive
GPI
$3.15B
| $4.78M | 0.01% |
47,766
+40,237
| +534% | +$3.97M |
|
1953
CALL
Marriott International
MAR
$91.5B
| $4.77M | 0.01% |
31,500
-14,500
| -32% | -$1.94M |
|
1954
Cboe Global Markets
CBOE
$32.4B
| $4.77M | 0.01% |
39,728
-482,170
| -92% | -$56.6M |
|
1955
Banco Bradesco
BBD
$34.4B
| $4.77M | 0.01% |
708,777
+571,932
| +418% | +$3.58M |
|
1956
PUT
Norfolk Southern
NSC
$78.3B
| $4.76M | 0.01% |
+24,500
| New | +$4.6M |
|
1957
BioNTech
BNTX
$25.6B
| $4.75M | 0.01% |
+140,205
| New | +$3.14M |
|
|
AVDL
1958
DELISTED
Avadel Pharmaceuticals
AVDL
| $4.75M | 0.01% |
628,827
+509,939
| +429% | +$2.69M |
|
|
ALEX
1959
DELISTED
Alexander & Baldwin
ALEX
| $4.73M | 0.01% |
225,822
+179,997
| +393% | +$4.07M |
|
1960
ProShares VIX Short-Term Futures ETF
VIXY
$216M
| $4.72M | 0.01% |
+4,750
| New | +$5.91M |
|
|
APTO
1961
DELISTED
Aptose Biosciences, Inc.
APTO
| $4.71M | 0.01% |
+1,845
| New | +$2.4M |
|
1962
Omnicom Group
OMC
$24.2B
| $4.71M | 0.01% |
58,095
+34,194
| +143% | +$2.68M |
|
1963
Intercorp Financial Services
IFS
$6.03B
| $4.71M | 0.01% |
113,941
-21,578
| -16% | -$867K |
|
1964
MaxLinear
MXL
$5.6B
| $4.7M | 0.01% |
221,549
+212,353
| +2,309% | +$4.41M |
|
|
PARA
1965
CALL
DELISTED
Paramount Global Class B
PARA
| $4.7M | 0.01% |
112,100
+73,800
| +193% | +$2.86M |
|
1966
SFL Corp
SFL
$1.72B
| $4.69M | 0.01% |
322,742
+210,793
| +188% | +$3.05M |
|
|
COWN
1967
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $4.69M | 0.01% |
297,813
+1,211
| +0.4% | +$18.2K |
|
1968
United Natural Foods
UNFI
$2.77B
| $4.68M | 0.01% |
+534,579
| New | +$4.31M |
|
|
FRTA
1969
DELISTED
Forterra, Inc
FRTA
| $4.68M | 0.01% |
405,022
+360,001
| +800% | +$3.5M |
|
1970
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $4.68M | 0.01% |
113,610
-16,425
| -13% | -$651K |
|
1971
CALL
Cencora
COR
$61.5B
| $4.68M | 0.01% |
+55,000
| New | +$4.71M |
|
1972
Bloomin' Brands
BLMN
$906M
| $4.67M | 0.01% |
211,752
-501,578
| -70% | -$10.6M |
|
|
GDEN
1973
DELISTED
Golden Entertainment
GDEN
| $4.66M | 0.01% |
+242,452
| New | +$3.97M |
|
1974
TransAlta
TAC
$3.86B
| $4.64M | 0.01% |
648,625
+504,165
| +349% | +$3.27M |
|
1975
Aldeyra Therapeutics
ALDX
$89.9M
| $4.64M | 0.01% |
798,022
+264,390
| +50% | +$1.53M |
|
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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.