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 | |
|---|---|---|---|---|---|---|
2126
Sprout Social
SPT
$696M
| $3.79M | ﹤0.01% |
+236,147
| New | +$3.83M |
|
2127
HNI Corp
HNI
$3.55B
| $3.77M | ﹤0.01% |
100,554
-234,779
| -70% | -$8.97M |
|
2128
Assured Guaranty
AGO
$3.32B
| $3.75M | ﹤0.01% |
76,549
+36,396
| +91% | +$1.74M |
|
2129
Bank of Marin Bancorp
BMRC
$431M
| $3.75M | ﹤0.01% |
83,124
-53,544
| -39% | -$2.37M |
|
2130
PUT
ICU Medical
ICUI
$4.38B
| $3.74M | ﹤0.01% |
20,000
+10,000
| +100% | +$1.72M |
|
2131
CALL
APA Corp
APA
$14.9B
| $3.74M | ﹤0.01% |
146,000
-554,000
| -79% | -$12.5M |
|
|
VAPO
2132
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| $3.73M | ﹤0.01% |
38,378
-9,056
| -19% | -$764K |
|
2133
Dolby
DLB
$5.76B
| $3.73M | ﹤0.01% |
54,156
+36,042
| +199% | +$2.38M |
|
|
FTR
2134
DELISTED
Frontier Communications Corp.
FTR
| $3.73M | ﹤0.01% |
4,188,308
+4,015,411
| +2,322% | +$3.27M |
|
2135
Varonis Systems
VRNS
$5.04B
| $3.72M | ﹤0.01% |
143,475
-149,046
| -51% | -$3.54M |
|
2136
PUT
Hartford Financial Services
HIG
$37.5B
| $3.71M | ﹤0.01% |
+61,000
| New | +$3.66M |
|
2137
Murphy Oil
MUR
$5.11B
| $3.71M | ﹤0.01% |
138,316
-33,730
| -20% | -$774K |
|
2138
Progyny
PGNY
$1.99B
| $3.71M | ﹤0.01% |
+135,029
| New | +$3.24M |
|
|
CNCE
2139
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $3.71M | ﹤0.01% |
401,630
+33,305
| +9% | +$236K |
|
2140
Glacier Bancorp
GBCI
$6.1B
| $3.7M | ﹤0.01% |
80,382
-50,935
| -39% | -$2.2M |
|
2141
CALL
TJX Companies
TJX
$149B
| $3.69M | ﹤0.01% |
60,500
-39,500
| -40% | -$2.34M |
|
|
JBTM
2142
JBT Marel
JBTM
$6.14B
| $3.69M | ﹤0.01% |
32,790
+25,574
| +354% | +$2.74M |
|
2143
iShares Russell 1000 Value ETF
IWD
$84.3B
| $3.69M | ﹤0.01% |
27,056
-89,845
| -77% | -$11.8M |
|
2144
Cooper-Standard Automotive
CPS
$473M
| $3.69M | ﹤0.01% |
111,175
+50,190
| +82% | +$1.63M |
|
2145
Eagle Bancorp
EGBN
$840M
| $3.67M | ﹤0.01% |
75,515
-280,923
| -79% | -$12.7M |
|
2146
GDS Holdings
GDS
$6.69B
| $3.67M | ﹤0.01% |
71,191
+56,131
| +373% | +$2.52M |
|
2147
Freeport-McMoran
FCX
$110B
| $3.67M | ﹤0.01% |
279,458
-1,589,411
| -85% | -$17.4M |
|
2148
Talos Energy
TALO
$2.78B
| $3.66M | ﹤0.01% |
121,306
-201,210
| -62% | -$4.7M |
|
2149
Madison Square Garden
MSGS
$9.38B
| $3.64M | ﹤0.01% |
17,368
+4,314
| +33% | +$846K |
|
2150
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.4B
| $3.64M | ﹤0.01% |
20,912
+17,010
| +436% | +$2.46M |
|
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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.