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 | |
|---|---|---|---|---|---|---|
2326
Employers Holdings
EIG
$883M
| $2.95M | ﹤0.01% |
70,602
-98,702
| -58% | -$4.19M |
|
2327
iHeartMedia
IHRT
$426M
| $2.94M | ﹤0.01% |
+174,199
| New | +$2.64M |
|
2328
Thermo Fisher Scientific
TMO
$230B
| $2.94M | ﹤0.01% |
9,043
-650
| -7% | -$197K |
|
|
EFT
2329
Eaton Vance Floating-Rate Income Trust
EFT
$283M
| $2.93M | ﹤0.01% |
213,643
+198,870
| +1,346% | +$2.66M |
|
2330
Vertiv
VRT
$99B
| $2.93M | ﹤0.01% |
+265,673
| New | +$2.77M |
|
2331
M/I Homes
MHO
$3.83B
| $2.92M | ﹤0.01% |
74,313
-178,243
| -71% | -$7.46M |
|
2332
iShare MSCI Eurozone ETF
EZU
$9.87B
| $2.92M | ﹤0.01% |
69,721
+13,554
| +24% | +$549K |
|
|
PGTI
2333
DELISTED
PGT, Inc.
PGTI
| $2.92M | ﹤0.01% |
195,998
-140,665
| -42% | -$2.24M |
|
2334
Zscaler
ZS
$29.8B
| $2.92M | ﹤0.01% |
+62,815
| New | +$2.92M |
|
|
AGEN
2335
Agenus
AGEN
$345M
| $2.92M | ﹤0.01% |
36,549
-1,688
| -4% | -$113K |
|
2336
Magna International
MGA
$17.6B
| $2.92M | ﹤0.01% |
+53,211
| New | +$2.88M |
|
2337
Globe Life
GL
$13.3B
| $2.92M | ﹤0.01% |
27,699
+21,501
| +347% | +$2.14M |
|
|
VTA
2338
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| $2.91M | ﹤0.01% |
+256,527
| New | +$2.84M |
|
2339
Applied Industrial Technologies
AIT
$11.8B
| $2.91M | ﹤0.01% |
43,608
-271,127
| -86% | -$16.6M |
|
2340
Trade Desk
TTD
$6.38B
| $2.9M | ﹤0.01% |
111,830
-132,980
| -54% | -$2.99M |
|
2341
Benchmark Electronics
BHE
$2.56B
| $2.9M | ﹤0.01% |
84,459
+47,284
| +127% | +$1.56M |
|
2342
Pembina Pipeline
PBA
$27.9B
| $2.9M | ﹤0.01% |
+78,290
| New | +$2.8M |
|
2343
TTEC Holdings
TTEC
$69M
| $2.89M | ﹤0.01% |
+73,005
| New | +$3.2M |
|
2344
Beazer Homes USA
BZH
$886M
| $2.89M | ﹤0.01% |
204,366
-30,288
| -13% | -$459K |
|
|
LK
2345
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $2.88M | ﹤0.01% |
73,302
-907,158
| -93% | -$22.9M |
|
|
MANT
2346
DELISTED
Mantech International Corp
MANT
| $2.88M | ﹤0.01% |
36,091
-66,303
| -65% | -$4.97M |
|
|
ATVI
2347
CALL
DELISTED
Activision Blizzard
ATVI
| $2.88M | ﹤0.01% |
48,500
| – | – |
|
|
UBX
2348
DELISTED
Unity Biotechnology
UBX
| $2.88M | ﹤0.01% |
39,934
+18,667
| +88% | +$1.32M |
|
2349
Horizon Bancorp
HBNC
$1B
| $2.87M | ﹤0.01% |
151,224
+25,656
| +20% | +$471K |
|
2350
TFS Financial
TFSL
$4.92B
| $2.87M | ﹤0.01% |
145,575
+104,165
| +252% | +$2.01M |
|
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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.