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 | Healthcare | 10.45% |
| 2 | Technology | 8.65% |
| 3 | Financials | 8.6% |
| 4 | Consumer Discretionary | 7.75% |
| 5 | Industrials | 7.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Elevance Health
ELV
$87.4B
| $88.1M | 0.11% |
291,686
+40,347
| +16% | +$11.1M |
|
177
General Dynamics
GD
$103B
| $88.1M | 0.11% |
499,552
-87,520
| -15% | -$15.7M |
|
178
HP
HPQ
$26B
| $88.1M | 0.11% |
4,286,419
+3,006,235
| +235% | +$57M |
|
179
Align Technology
ALGN
$11.4B
| $87.8M | 0.11% |
314,702
+312,557
| +14,571% | +$77.9M |
|
180
Vertex Pharmaceuticals
VRTX
$139B
| $87.1M | 0.11% |
397,804
-3,685
| -0.9% | -$746K |
|
181
PUT
Verizon
VZ
$208B
| $86.8M | 0.11% |
1,413,900
+904,900
| +178% | +$54.6M |
|
182
Carnival Corporation Ltd
CCL
$35.4B
| $86.8M | 0.11% |
1,707,841
+1,580,228
| +1,238% | +$70.6M |
|
183
CALL
Broadcom
AVGO
$1.71T
| $86.1M | 0.11% |
2,723,000
+467,000
| +21% | +$14.2M |
|
|
K
184
DELISTED
Kellanova
K
| $85.7M | 0.11% |
1,320,021
+584,462
| +79% | +$35.4M |
|
185
Caterpillar
CAT
$372B
| $85.5M | 0.11% |
578,918
+476,537
| +465% | +$66.5M |
|
186
Gilead Sciences
GILD
$182B
| $85.4M | 0.11% |
1,314,696
+1,271,277
| +2,928% | +$82.8M |
|
187
PUT
United Airlines
UAL
$36.9B
| $83.9M | 0.1% |
951,900
-2,500
| -0.3% | -$224K |
|
188
CALL
NVIDIA
NVDA
$5.06T
| $83.5M | 0.1% |
14,196,000
-3,504,000
| -20% | -$18.2M |
|
|
GRA
189
DELISTED
W.R. Grace & Co.
GRA
| $82.2M | 0.1% |
1,176,431
+42,939
| +4% | +$2.88M |
|
190
FedEx
FDX
$78.8B
| $82.1M | 0.1% |
542,891
+11,845
| +2% | +$1.83M |
|
|
FISV
191
Fiserv Inc
FISV
$28.2B
| $81.7M | 0.1% |
706,470
-329,238
| -32% | -$36.4M |
|
|
CLR
192
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $81.5M | 0.1% |
2,375,056
+2,256,477
| +1,903% | +$70M |
|
193
PUT
UnitedHealth
UNH
$358B
| $81.5M | 0.1% |
277,100
+194,900
| +237% | +$51M |
|
194
Avantor
AVTR
$9.68B
| $81.4M | 0.1% |
4,486,325
+3,252,707
| +264% | +$51.8M |
|
195
Helmerich & Payne
HP
$4.25B
| $81.3M | 0.1% |
1,790,112
+858,826
| +92% | +$34.4M |
|
196
Canadian Pacific Kansas City
CP
$83.2B
| $80.7M | 0.1% |
1,582,235
+1,474,675
| +1,371% | +$69.1M |
|
197
Invitation Homes
INVH
$18.1B
| $79.9M | 0.1% |
2,665,440
-232,326
| -8% | -$6.96M |
|
198
Motorola Solutions
MSI
$79.5B
| $79.8M | 0.1% |
495,433
+86,422
| +21% | +$14.2M |
|
199
PUT
Mastercard
MA
$525B
| $79.5M | 0.1% |
266,100
+225,700
| +559% | +$63.6M |
|
200
Sun Communities
SUI
$15B
| $79.2M | 0.1% |
527,350
+359,588
| +214% | +$56M |
|
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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 $9.74B 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 Healthcare at 10% of assets, down from 12% a quarter earlier, followed by Technology and Financials.
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.