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 | |
|---|---|---|---|---|---|---|
2051
Deluxe
DLX
$1.08B
| $4.18M | 0.01% |
83,735
+15,776
| +23% | +$786K |
|
2052
HUB Group
HUBG
$2.42B
| $4.18M | 0.01% |
162,976
-134,124
| -45% | -$3.32M |
|
|
TNAV
2053
DELISTED
Telenav Inc.
TNAV
| $4.18M | 0.01% |
859,764
-288,904
| -25% | -$1.41M |
|
|
BHVN
2054
PUT
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $4.18M | 0.01% |
+76,700
| New | +$3.8M |
|
|
HTBK
2055
DELISTED
Heritage Commerce
HTBK
| $4.17M | 0.01% |
325,002
+75,635
| +30% | +$921K |
|
2056
PennyMac Financial
PFSI
$3.81B
| $4.16M | 0.01% |
122,190
-110,386
| -47% | -$3.58M |
|
2057
Heritage Financial
HFWA
$1.17B
| $4.15M | 0.01% |
146,664
-217,879
| -60% | -$6.01M |
|
2058
Expro Ltd
XPRO
$1.98B
| $4.15M | 0.01% |
133,678
-19,589
| -13% | -$600K |
|
|
ONC
2059
PUT
BeOne Medicines Ltd
ONC
$41.5B
| $4.14M | 0.01% |
+25,000
| New | +$4.15M |
|
|
LKFT
2060
PUT
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.89B
| $4.14M | 0.01% |
+20,000
| New | +$3.7M |
|
2061
Televisa
TV
$1.45B
| $4.14M | 0.01% |
352,648
+337,028
| +2,158% | +$3.73M |
|
2062
Blue Bird Corp
BLBD
$1.88B
| $4.13M | 0.01% |
+180,389
| New | +$3.6M |
|
2063
Winmark
WINA
$1.21B
| $4.13M | 0.01% |
20,828
+17,859
| +602% | +$3.22M |
|
2064
Kaiser Aluminum
KALU
$2.56B
| $4.12M | 0.01% |
37,140
+11,098
| +43% | +$1.19M |
|
2065
Nasdaq
NDAQ
$55.5B
| $4.12M | 0.01% |
115,266
-376,416
| -77% | -$12.8M |
|
2066
Gildan
GIL
$9.84B
| $4.11M | 0.01% |
+139,206
| New | +$4.07M |
|
|
CKH
2067
DELISTED
Seacor Holdings Inc.
CKH
| $4.11M | 0.01% |
95,240
+79,479
| +504% | +$3.47M |
|
2068
CNA Financial
CNA
$13.3B
| $4.11M | 0.01% |
91,646
-103,620
| -53% | -$4.68M |
|
2069
Central Garden & Pet Co Class A
CENTA
$2.37B
| $4.1M | 0.01% |
174,373
-144,498
| -45% | -$3.25M |
|
2070
Banco de Chile
BCH
$21B
| $4.09M | 0.01% |
194,734
+183,672
| +1,660% | +$4.47M |
|
2071
CALL
Integra LifeSciences
IART
$1.31B
| $4.08M | 0.01% |
70,000
+40,000
| +133% | +$2.38M |
|
2072
CALL
NetEase
NTES
$78.6B
| $4.08M | 0.01% |
66,500
| – | – |
|
|
EIGI
2073
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $4.07M | 0.01% |
866,496
-897,016
| -51% | -$3.69M |
|
|
CLGX
2074
DELISTED
Corelogic, Inc.
CLGX
| $4.07M | 0.01% |
93,157
-399,418
| -81% | -$17M |
|
|
EXK
2075
Endeavour Silver
EXK
$3.19B
| $4.07M | 0.01% |
1,688,410
+646,112
| +62% | +$1.47M |
|
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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.