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 | |
|---|---|---|---|---|---|---|
1976
CALL
Align Technology
ALGN
$11.2B
| $4.6M | 0.01% |
16,500
+1,500
| +10% | +$374K |
|
|
MRSN
1977
DELISTED
Mersana Therapeutics
MRSN
| $4.6M | 0.01% |
32,142
+30,441
| +1,790% | +$2.23M |
|
1978
Barclays
BCS
$90.2B
| $4.6M | 0.01% |
+482,800
| New | +$4.17M |
|
|
CTRA
1979
PUT
DELISTED
Coterra Energy
CTRA
| $4.59M | 0.01% |
263,700
| – | – |
|
1980
CALL
HP
HPQ
$27.5B
| $4.58M | 0.01% |
+223,100
| New | +$4.23M |
|
1981
MBIA
MBI
$244M
| $4.58M | 0.01% |
492,940
+437,492
| +789% | +$4.16M |
|
1982
CALL
State Street Technology Select Sector SPDR ETF
XLK
$121B
| $4.58M | 0.01% |
100,000
-1,536,800
| -94% | -$65.8M |
|
1983
CALL
Penumbra
PEN
$12.7B
| $4.58M | 0.01% |
27,900
-129,100
| -82% | -$20.5M |
|
1984
SiriusPoint
SPNT
$2.81B
| $4.58M | 0.01% |
435,485
-44,457
| -9% | -$432K |
|
1985
PUT
Steris
STE
$22.8B
| $4.57M | 0.01% |
+30,000
| New | +$4.4M |
|
1986
Huron Consulting
HURN
$2.54B
| $4.57M | 0.01% |
66,516
+34,450
| +107% | +$2.24M |
|
1987
Lincoln Electric
LECO
$15.5B
| $4.57M | 0.01% |
47,220
+10,223
| +28% | +$930K |
|
|
VNET
1988
VNET Group
VNET
$1.86B
| $4.57M | 0.01% |
+629,786
| New | +$4.78M |
|
|
SAGE
1989
DELISTED
Sage Therapeutics
SAGE
| $4.56M | 0.01% |
63,134
+34,637
| +122% | +$4.26M |
|
1990
Constellium
CSTM
$3.66B
| $4.56M | 0.01% |
340,052
-1,502,044
| -82% | -$20.7M |
|
|
MDC
1991
DELISTED
M.D.C. Holdings, Inc.
MDC
| $4.56M | 0.01% |
128,929
+63,641
| +97% | +$2.4M |
|
1992
EPR Properties
EPR
$4.56B
| $4.55M | 0.01% |
64,399
-131,440
| -67% | -$9.7M |
|
1993
Oshkosh
OSK
$9.51B
| $4.55M | 0.01% |
48,066
-200,925
| -81% | -$17.3M |
|
|
NTUS
1994
DELISTED
Natus Medical Inc
NTUS
| $4.54M | 0.01% |
137,689
+4,656
| +3% | +$149K |
|
1995
Central Garden & Pet Co
CENT
$2.74B
| $4.54M | 0.01% |
182,535
-239,329
| -57% | -$5.69M |
|
|
RESI
1996
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $4.53M | 0.01% |
367,366
-174,898
| -32% | -$2.08M |
|
1997
PUT
Ulta Beauty
ULTA
$22.2B
| $4.53M | 0.01% |
17,900
| – | – |
|
|
HOLI
1998
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $4.53M | 0.01% |
275,830
-123,720
| -31% | -$1.88M |
|
1999
CALL
ExxonMobil
XOM
$644B
| $4.51M | 0.01% |
64,600
-71,900
| -53% | -$4.97M |
|
|
WBS
2000
DELISTED
Webster Financial
WBS
| $4.5M | 0.01% |
84,367
-396,295
| -82% | -$19.1M |
|
Similar funds
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.