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 | |
|---|---|---|---|---|---|---|
2026
Regenxbio
RGNX
$638M
| $4.32M | 0.01% |
+105,496
| New | +$4.17M |
|
|
ACBI
2027
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $4.32M | 0.01% |
235,288
+55,234
| +31% | +$1.01M |
|
2028
ePlus
PLUS
$2.28B
| $4.32M | 0.01% |
102,402
-180,160
| -64% | -$7.34M |
|
|
NAV
2029
DELISTED
Navistar International
NAV
| $4.31M | 0.01% |
148,996
+132,880
| +825% | +$4.09M |
|
2030
CALL
CF Industries
CF
$19B
| $4.3M | 0.01% |
+90,000
| New | +$4.21M |
|
|
ALLK
2031
DELISTED
Allakos
ALLK
| $4.29M | 0.01% |
45,010
-17,094
| -28% | -$1.5M |
|
2032
Brookfield
BN
$92.3B
| $4.29M | 0.01% |
+208,089
| New | +$4.15M |
|
|
EA
2033
DELISTED
Electronic Arts
EA
| $4.29M | 0.01% |
39,873
-26,942
| -40% | -$2.67M |
|
|
CIO
2034
DELISTED
City Office REIT
CIO
| $4.28M | 0.01% |
316,217
+11,791
| +4% | +$157K |
|
2035
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.65B
| $4.27M | 0.01% |
+72,785
| New | +$4.22M |
|
|
TCDA
2036
DELISTED
Tricida, Inc. Common Stock
TCDA
| $4.27M | 0.01% |
113,094
+78,979
| +232% | +$2.94M |
|
2037
Onto Innovation
ONTO
$16.6B
| $4.26M | 0.01% |
116,733
+88,942
| +320% | +$3.02M |
|
2038
CALL
Halliburton
HAL
$30.1B
| $4.26M | 0.01% |
174,000
-346,000
| -67% | -$7.29M |
|
|
SMAR
2039
DELISTED
Smartsheet Inc.
SMAR
| $4.26M | 0.01% |
94,792
+82,124
| +648% | +$3.4M |
|
2040
Bloom Energy
BE
$62.1B
| $4.25M | 0.01% |
569,080
-1,750,444
| -75% | -$8.49M |
|
|
VTLE
2041
DELISTED
Vital Energy
VTLE
| $4.25M | 0.01% |
74,019
-184,575
| -71% | -$8.95M |
|
2042
FNB Corp
FNB
$6.55B
| $4.25M | 0.01% |
334,331
-1,746,288
| -84% | -$21.4M |
|
2043
Akebia Therapeutics
AKBA
$243M
| $4.24M | 0.01% |
671,058
+622,424
| +1,280% | +$2.96M |
|
2044
CALL
BioMarin Pharmaceuticals
BMRN
$12.5B
| $4.23M | 0.01% |
50,000
-150,000
| -75% | -$11.3M |
|
2045
Synchrony
SYF
$25.4B
| $4.22M | 0.01% |
117,244
-933,728
| -89% | -$33.4M |
|
|
CHA
2046
DELISTED
China Telecom Corporation, LTD
CHA
| $4.21M | 0.01% |
102,292
+85,657
| +515% | +$3.59M |
|
|
MRC
2047
DELISTED
MRC Global
MRC
| $4.21M | 0.01% |
308,419
+63,588
| +26% | +$829K |
|
2048
CALL
Entergy
ETR
$49.3B
| $4.21M | 0.01% |
+70,200
| New | +$4.14M |
|
2049
Landstar System
LSTR
$6.11B
| $4.2M | 0.01% |
36,883
+19,389
| +111% | +$2.19M |
|
|
BSMX
2050
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
| $4.18M | 0.01% |
617,058
+583,794
| +1,755% | +$3.88M |
|
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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.