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 | |
|---|---|---|---|---|---|---|
2451
XP
XP
$8.88B
| $2.44M | ﹤0.01% |
+63,257
| New | +$2.37M |
|
2452
Banco Macro
BMA
$4.84B
| $2.44M | ﹤0.01% |
67,162
-1,004
| -1% | -$27K |
|
2453
Stepan Co
SCL
$1.42B
| $2.43M | ﹤0.01% |
23,744
+9,650
| +68% | +$940K |
|
2454
Allient
ALNT
$1.6B
| $2.43M | ﹤0.01% |
75,179
-23,115
| -24% | -$645K |
|
|
PFNX
2455
DELISTED
Pfenex Inc.
PFNX
| $2.43M | ﹤0.01% |
221,394
-39,368
| -15% | -$391K |
|
|
ATSG
2456
DELISTED
Air Transport Services Group
ATSG
| $2.43M | ﹤0.01% |
103,417
-275,298
| -73% | -$6.17M |
|
2457
Yext
YEXT
$695M
| $2.42M | ﹤0.01% |
167,986
+155,547
| +1,250% | +$2.41M |
|
2458
DMC Global
BOOM
$143M
| $2.42M | ﹤0.01% |
53,739
-565,283
| -91% | -$25.1M |
|
2459
CALL
Edwards Lifesciences
EW
$52B
| $2.4M | ﹤0.01% |
30,900
-1,265,100
| -98% | -$98.8M |
|
2460
Ternium
TX
$10.8B
| $2.4M | ﹤0.01% |
109,182
-252,489
| -70% | -$5.14M |
|
|
CNH
2461
CNH Industrial
CNH
$18.8B
| $2.4M | ﹤0.01% |
250,873
-2,350,600
| -90% | -$22.1M |
|
2462
IBM
IBM
$222B
| $2.4M | ﹤0.01% |
18,734
-10,541
| -36% | -$1.37M |
|
2463
Fresenius Medical Care
FMS
$12.3B
| $2.4M | ﹤0.01% |
+65,157
| New | +$2.31M |
|
2464
CALL
Qualcomm
QCOM
$175B
| $2.4M | ﹤0.01% |
27,200
+3,600
| +15% | +$301K |
|
|
JNPR
2465
PUT
DELISTED
Juniper Networks
JNPR
| $2.4M | ﹤0.01% |
97,300
-5,900
| -6% | -$145K |
|
|
KSU
2466
CALL
DELISTED
Kansas City Southern
KSU
| $2.39M | ﹤0.01% |
+15,600
| New | +$2.29M |
|
2467
Cable One
CABO
$145M
| $2.39M | ﹤0.01% |
1,604
-4,618
| -74% | -$6.55M |
|
2468
CALL
Insmed
INSM
$25.9B
| $2.39M | ﹤0.01% |
+100,000
| New | +$2.03M |
|
2469
CALL
O-I Glass
OI
$1.14B
| $2.39M | ﹤0.01% |
+200,000
| New | +$2M |
|
2470
Vanguard FTSE Pacific ETF
VPL
$8.56B
| $2.38M | ﹤0.01% |
34,278
+30,799
| +885% | +$2.11M |
|
2471
Palomar
PLMR
$3.46B
| $2.38M | ﹤0.01% |
47,156
-86,660
| -65% | -$4.06M |
|
2472
CALL
Mettler-Toledo International
MTD
$28B
| $2.38M | ﹤0.01% |
3,000
-9,300
| -76% | -$6.71M |
|
2473
PUT
Emerson Electric
EMR
$86.8B
| $2.38M | ﹤0.01% |
31,200
+28,100
| +906% | +$2.03M |
|
2474
BlackRock Limited Duration Income Trust
BLW
$495M
| $2.38M | ﹤0.01% |
+145,036
| New | +$2.3M |
|
2475
Liquidia Corp
LQDA
$6.13B
| $2.38M | ﹤0.01% |
555,530
-398,221
| -42% | -$1.6M |
|
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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.