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 | |
|---|---|---|---|---|---|---|
2251
Codexis
CDXS
$174M
| $3.21M | ﹤0.01% |
200,752
-83,146
| -29% | -$1.23M |
|
2252
PUT
Southern Company
SO
$102B
| $3.21M | ﹤0.01% |
50,400
+46,400
| +1,160% | +$2.88M |
|
2253
Tennant Co
TNC
$1.19B
| $3.21M | ﹤0.01% |
41,165
+35,441
| +619% | +$2.64M |
|
2254
Ituran Location and Control
ITRN
$1B
| $3.21M | ﹤0.01% |
127,600
-56,539
| -31% | -$1.38M |
|
2255
Teekay Tankers
TNK
$3.08B
| $3.2M | ﹤0.01% |
133,601
+128,101
| +2,329% | +$2.33M |
|
2256
HCI Group
HCI
$2.32B
| $3.2M | ﹤0.01% |
70,099
-74,128
| -51% | -$3.27M |
|
2257
BlackRock Floating Rate Income Strategies Fund
FRA
$392M
| $3.19M | ﹤0.01% |
237,640
+216,283
| +1,013% | +$2.79M |
|
2258
Corning
GLW
$128B
| $3.19M | ﹤0.01% |
+109,736
| New | +$3.18M |
|
2259
OSI Systems
OSIS
$3.29B
| $3.19M | ﹤0.01% |
31,666
-127,835
| -80% | -$12.6M |
|
2260
PUT
Pfizer
PFE
$159B
| $3.19M | ﹤0.01% |
85,690
-143,133
| -63% | -$5.1M |
|
2261
Teladoc Health
TDOC
$1.18B
| $3.18M | ﹤0.01% |
38,009
-18,848
| -33% | -$1.43M |
|
|
GBT
2262
CALL
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $3.18M | ﹤0.01% |
40,000
-60,000
| -60% | -$3.56M |
|
2263
iShares MSCI France ETF
EWQ
$333M
| $3.18M | ﹤0.01% |
97,129
-122,977
| -56% | -$3.85M |
|
|
HES
2264
DELISTED
Hess
HES
| $3.17M | ﹤0.01% |
47,526
+2,657
| +6% | +$174K |
|
2265
NMI Holdings
NMIH
$3.37B
| $3.17M | ﹤0.01% |
95,630
-309,450
| -76% | -$9.67M |
|
2266
Hope Bancorp
HOPE
$1.78B
| $3.17M | ﹤0.01% |
213,452
+178,794
| +516% | +$2.59M |
|
|
BRMK
2267
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $3.17M | ﹤0.01% |
248,805
-299,655
| -55% | -$3.33M |
|
2268
Western Union
WU
$2.26B
| $3.17M | ﹤0.01% |
118,407
-812,136
| -87% | -$21.1M |
|
2269
Genco Shipping & Trading
GNK
$1.13B
| $3.17M | ﹤0.01% |
+297,979
| New | +$3.07M |
|
2270
Blue Owl Capital
OBDC
$5.57B
| $3.15M | ﹤0.01% |
175,955
-245,218
| -58% | -$4.28M |
|
2271
Sonoco
SON
$5.58B
| $3.15M | ﹤0.01% |
50,974
-29,628
| -37% | -$1.75M |
|
2272
Astrana Health
ASTH
$1.88B
| $3.14M | ﹤0.01% |
+170,483
| New | +$2.83M |
|
2273
Telkom Indonesia
TLK
$14.4B
| $3.13M | ﹤0.01% |
109,919
+43,058
| +64% | +$1.25M |
|
2274
Abercrombie & Fitch
ANF
$6.59B
| $3.13M | ﹤0.01% |
181,059
-447,633
| -71% | -$7.4M |
|
|
NSA
2275
DELISTED
National Storage Affiliates Trust
NSA
| $3.13M | ﹤0.01% |
93,104
-861,666
| -90% | -$28.9M |
|
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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.