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 | |
|---|---|---|---|---|---|---|
201
Petrobras
PBR
$120B
| $78.6M | 0.1% |
4,932,305
+2,784,392
| +130% | +$42.5M |
|
202
Avient
AVNT
$4.09B
| $78.3M | 0.1% |
2,127,087
+1,475,143
| +226% | +$48.2M |
|
203
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $77.4M | 0.1% |
+880,000
| New | +$76.6M |
|
204
PUT
Cisco
CSCO
$435B
| $77.3M | 0.1% |
1,611,800
+1,320,000
| +452% | +$61.4M |
|
205
CVS Health
CVS
$120B
| $77M | 0.1% |
1,037,077
+129,371
| +14% | +$9.08M |
|
|
206
PUT
Alibaba
BABA
$285B
| $75.9M | 0.09% |
357,800
+181,000
| +102% | +$34M |
|
207
DexCom
DXCM
$34.5B
| $75.4M | 0.09% |
1,378,108
+1,156,792
| +523% | +$54.9M |
|
208
Owens Corning
OC
$11.6B
| $75M | 0.09% |
1,151,942
+597,134
| +108% | +$38.2M |
|
209
CALL
Booking.com
BKNG
$161B
| $74.8M | 0.09% |
910,000
+122,500
| +16% | +$9.62M |
|
210
W.W. Grainger
GWW
$62.1B
| $74.5M | 0.09% |
220,213
+76,691
| +53% | +$24.3M |
|
211
US Bancorp
USB
$97.2B
| $74.5M | 0.09% |
1,256,806
+365,004
| +41% | +$21.1M |
|
212
Baidu
BIDU
$31.4B
| $74.3M | 0.09% |
587,794
+315,856
| +116% | +$35.9M |
|
|
B
213
Barrick Mining
B
$79.4B
| $74M | 0.09% |
3,980,642
+88,520
| +2% | +$1.52M |
|
214
Voya Financial
VOYA
$8.98B
| $74M | 0.09% |
1,212,898
-11,988
| -1% | -$676K |
|
215
PUT
PepsiCo
PEP
$197B
| $73.5M | 0.09% |
538,100
+106,600
| +25% | +$14.5M |
|
216
Citigroup
C
$221B
| $73.5M | 0.09% |
920,483
-818,042
| -47% | -$60.4M |
|
217
VICI Properties
VICI
$29.4B
| $73.5M | 0.09% |
2,874,785
-1,367,860
| -32% | -$33.1M |
|
218
PUT
Amgen
AMGN
$241B
| $72.6M | 0.09% |
301,000
+129,400
| +75% | +$28.5M |
|
219
Nike
NKE
$60.9B
| $72.5M | 0.09% |
715,534
-1,371,581
| -66% | -$129M |
|
220
Plains GP Holdings
PAGP
$5.39B
| $72.4M | 0.09% |
3,823,177
+2,966,052
| +346% | +$55.6M |
|
221
Wabtec
WAB
$50.3B
| $72.4M | 0.09% |
930,528
+891,182
| +2,265% | +$66M |
|
222
Constellation Brands
STZ
$23.5B
| $72.1M | 0.09% |
380,158
+128,273
| +51% | +$24.2M |
|
223
Charles River Laboratories
CRL
$14.2B
| $72.1M | 0.09% |
471,770
+461,780
| +4,622% | +$63.9M |
|
224
Zions Bancorporation
ZION
$9.94B
| $72M | 0.09% |
1,387,466
+1,316,412
| +1,853% | +$63.9M |
|
225
Steris
STE
$23.2B
| $71.9M | 0.09% |
471,668
+308,041
| +188% | +$45.1M |
|
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 $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.