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 | Healthcare | 10.45% |
| 2 | Technology | 8.65% |
| 3 | Financials | 8.6% |
| 4 | Consumer Discretionary | 7.75% |
| 5 | Industrials | 7.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $4.14B | 5.18% |
12,861,111
+12,425,680
| +2,854% | +$3.83B |
|
2
PUT
Apple
AAPL
$4.51T
| $1.04B | 1.3% |
14,103,200
+2,630,000
| +23% | +$169M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $865M | 1.08% |
5,221,700
+4,387,000
| +526% | +$693M |
|
|
4
PUT
Microsoft
MSFT
$3.59T
| $810M | 1.01% |
5,139,000
+2,552,500
| +99% | +$375M |
|
5
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $751M | 0.94% |
11,210,000
+4,292,000
| +62% | +$277M |
|
6
PUT
Meta Platforms (Facebook)
META
$1.4T
| $747M | 0.94% |
3,641,300
+2,174,800
| +148% | +$421M |
|
7
PUT
Amazon
AMZN
$2.79T
| $702M | 0.88% |
7,602,000
+1,338,000
| +21% | +$118M |
|
8
PUT
Invesco QQQ Trust
QQQ
$486B
| $602M | 0.75% |
2,829,600
-689,800
| -20% | -$138M |
|
|
AGN
9
DELISTED
Allergan plc
AGN
| $537M | 0.67% |
2,806,529
+363,793
| +15% | +$65.6M |
|
|
10
Alibaba
BABA
$286B
| $477M | 0.6% |
2,246,582
+1,253,420
| +126% | +$235M |
|
|
11
Microsoft
MSFT
$3.59T
| $470M | 0.59% |
2,981,531
+1,718,869
| +136% | +$253M |
|
|
12
Meta Platforms (Facebook)
META
$1.4T
| $450M | 0.56% |
2,193,661
+971,592
| +80% | +$188M |
|
|
13
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $448M | 0.56% |
1,392,200
-54,500
| -4% | -$16.8M |
|
|
SCTL
14
CALL
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
| $445M | 0.56% |
+100,000
| New | +$1.44M |
|
|
15
Wells Fargo
WFC
$254B
| $428M | 0.54% |
7,960,816
+7,225,391
| +982% | +$378M |
|
|
16
Apple
AAPL
$4.51T
| $411M | 0.51% |
5,596,460
-919,688
| -14% | -$59.2M |
|
|
17
CALL
Apple
AAPL
$4.51T
| $404M | 0.51% |
5,504,000
+593,600
| +12% | +$38.2M |
|
18
Bank of America
BAC
$431B
| $382M | 0.48% |
10,836,084
+2,139,200
| +25% | +$69.1M |
|
19
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $353M | 0.44% |
5,627,200
+1,211,400
| +27% | +$73.7M |
|
20
PUT
JPMorgan Chase
JPM
$935B
| $352M | 0.44% |
2,524,000
+1,546,300
| +158% | +$198M |
|
21
PUT
NVIDIA
NVDA
$5.2T
| $338M | 0.42% |
57,520,000
+15,608,000
| +37% | +$81.2M |
|
22
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $321M | 0.4% |
10,437,300
+6,248,500
| +149% | +$183M |
|
23
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $301M | 0.38% |
3,699,500
+2,207,900
| +148% | +$176M |
|
24
American Electric Power
AEP
$65.8B
| $295M | 0.37% |
3,117,805
+1,882,817
| +152% | +$174M |
|
25
PUT
Netflix
NFLX
$331B
| $292M | 0.37% |
9,015,000
+3,959,000
| +78% | +$117M |
|
Similar funds
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 $9.74B 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 Healthcare at 10% of assets, down from 12% a quarter earlier, followed by Technology and Financials.
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.