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 | |
|---|---|---|---|---|---|---|
2226
CALL
Cummins
CMI
$77.8B
| $3.29M | ﹤0.01% |
18,400
-5,300
| -22% | -$933K |
|
2227
CALL
IQVIA
IQV
$43.1B
| $3.29M | ﹤0.01% |
+21,300
| New | +$3.11M |
|
2228
Select Water Solutions
WTTR
$2.49B
| $3.29M | ﹤0.01% |
354,522
+69,438
| +24% | +$561K |
|
2229
PUT
HP
HPQ
$27.5B
| $3.28M | ﹤0.01% |
159,700
| – | – |
|
2230
Marriott Vacations Worldwide
VAC
$3.79B
| $3.27M | ﹤0.01% |
25,435
-109
| -0.4% | -$12.8K |
|
|
HCACU
2231
DELISTED
Hennessy Capital Acquisition Corp. IV Unit
HCACU
| $3.27M | ﹤0.01% |
300,000
| – | – |
|
2232
Vishay Intertechnology
VSH
$4.69B
| $3.27M | ﹤0.01% |
153,585
-881,865
| -85% | -$17.1M |
|
2233
CALL
MacroGenics
MGNX
$263M
| $3.26M | ﹤0.01% |
300,000
| – | – |
|
2234
PUT
Neogen
NEOG
$2.54B
| $3.26M | ﹤0.01% |
100,000
+85,800
| +604% | +$2.82M |
|
2235
Gossamer Bio
GOSS
$83.2M
| $3.26M | ﹤0.01% |
+208,681
| New | +$4.2M |
|
2236
Hilltop Holdings
HTH
$2.21B
| $3.26M | ﹤0.01% |
130,761
-48,830
| -27% | -$1.19M |
|
2237
PUT
KeyCorp
KEY
$23.4B
| $3.26M | ﹤0.01% |
+161,000
| New | +$3.04M |
|
2238
STAAR Surgical
STAA
$1.11B
| $3.26M | ﹤0.01% |
92,631
+65,268
| +239% | +$2.15M |
|
|
TECX
2239
Tectonic Therapeutic
TECX
$696M
| $3.25M | ﹤0.01% |
+13,448
| New | +$2.59M |
|
2240
Chefs' Warehouse
CHEF
$4.69B
| $3.25M | ﹤0.01% |
+85,224
| New | +$3.1M |
|
2241
Celestica
CLS
$37.7B
| $3.25M | ﹤0.01% |
392,682
+371,982
| +1,797% | +$2.77M |
|
|
DCH
2242
Dauch Corp
DCH
$1.5B
| $3.24M | ﹤0.01% |
301,106
+167,423
| +125% | +$1.59M |
|
2243
CALL
CareDx
CDNA
$2.58B
| $3.24M | ﹤0.01% |
+150,000
| New | +$3.44M |
|
2244
Strategy Inc
MSTR
$50.6B
| $3.24M | ﹤0.01% |
226,870
-10,090
| -4% | -$150K |
|
2245
Federal Agricultural Mortgage
AGM
$2.4B
| $3.23M | ﹤0.01% |
38,734
+18,623
| +93% | +$1.55M |
|
2246
PUT
Arista Networks
ANET
$246B
| $3.23M | ﹤0.01% |
+254,400
| New | +$3.35M |
|
2247
Forum Energy Technologies
FET
$907M
| $3.23M | ﹤0.01% |
96,177
-193,394
| -67% | -$5.24M |
|
|
LBRDK
2248
DELISTED
Liberty Broadband Class C
LBRDK
| $3.23M | ﹤0.01% |
25,678
+18,241
| +245% | +$2.12M |
|
|
MRTX
2249
CALL
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $3.22M | ﹤0.01% |
25,000
-125,000
| -83% | -$12.1M |
|
|
SAFE
2250
Safehold
SAFE
$1.09B
| $3.21M | ﹤0.01% |
45,487
-188,298
| -81% | -$11.9M |
|
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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.