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 | |
|---|---|---|---|---|---|---|
2376
BBVA Argentina
BBAR
$2.96B
| $2.75M | ﹤0.01% |
+492,998
| New | +$2.03M |
|
2377
Bank of N.T. Butterfield & Son
NTB
$2.33B
| $2.75M | ﹤0.01% |
74,154
+45,725
| +161% | +$1.53M |
|
2378
Steven Madden
SHOO
$3.24B
| $2.73M | ﹤0.01% |
63,576
-328
| -0.5% | -$13.2K |
|
2379
CALL
Inogen
INGN
$146M
| $2.73M | ﹤0.01% |
40,000
+30,000
| +300% | +$1.88M |
|
2380
Genie Energy
GNE
$391M
| $2.73M | ﹤0.01% |
353,348
+325,962
| +1,190% | +$2.55M |
|
2381
CALL
Glaukos
GKOS
$10.6B
| $2.72M | ﹤0.01% |
+50,000
| New | +$3.04M |
|
2382
RadNet
RDNT
$5.87B
| $2.72M | ﹤0.01% |
+133,934
| New | +$2.3M |
|
2383
Cenovus Energy
CVE
$58.2B
| $2.72M | ﹤0.01% |
267,705
-1,298,418
| -83% | -$11.8M |
|
2384
Transportadora de Gas del Sur
TGS
$4.24B
| $2.71M | ﹤0.01% |
378,555
+367,812
| +3,424% | +$2.56M |
|
|
NEBUU
2385
DELISTED
Nebula Acquisition Corporation Unit
NEBUU
| $2.7M | ﹤0.01% |
250,000
| – | – |
|
2386
First Community Bankshares
FCBC
$925M
| $2.7M | ﹤0.01% |
87,036
+56,374
| +184% | +$1.77M |
|
|
NXDT
2387
NexPoint Diversified Real Estate Trust
NXDT
$287M
| $2.7M | ﹤0.01% |
+152,272
| New | +$2.61M |
|
2388
Acco Brands
ACCO
$396M
| $2.7M | ﹤0.01% |
288,057
-574,301
| -67% | -$5.44M |
|
2389
CALL
Energy Transfer Partners
ET
$73.4B
| $2.69M | ﹤0.01% |
+210,000
| New | +$2.59M |
|
2390
PUT
Illinois Tool Works
ITW
$79.8B
| $2.69M | ﹤0.01% |
+15,000
| New | +$2.54M |
|
2391
CytomX Therapeutics
CTMX
$699M
| $2.69M | ﹤0.01% |
323,982
+260,709
| +412% | +$1.76M |
|
2392
Dr. Reddy's Laboratories
RDY
$10.1B
| $2.69M | ﹤0.01% |
331,680
+36,230
| +12% | +$286K |
|
|
WDR
2393
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $2.69M | ﹤0.01% |
160,699
+89,875
| +127% | +$1.46M |
|
2394
Sabesp
SBS
$17.1B
| $2.68M | ﹤0.01% |
918,418
+770,704
| +522% | +$1.98M |
|
|
PFC
2395
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.67M | ﹤0.01% |
84,708
-83,840
| -50% | -$2.53M |
|
|
RFP
2396
DELISTED
Resolute Forest Products Inc.
RFP
| $2.66M | ﹤0.01% |
634,155
+450,141
| +245% | +$1.87M |
|
|
CUB
2397
DELISTED
Cubic Corporation
CUB
| $2.66M | ﹤0.01% |
41,828
+36,935
| +755% | +$2.5M |
|
|
MIC
2398
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $2.66M | ﹤0.01% |
+62,043
| New | +$2.56M |
|
2399
EPAM Systems
EPAM
$5.92B
| $2.65M | ﹤0.01% |
12,492
+6,647
| +114% | +$1.31M |
|
|
STML
2400
DELISTED
Stemline Therapeutics, Inc.
STML
| $2.65M | ﹤0.01% |
249,259
-544,949
| -69% | -$5.41M |
|
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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.