Izzy Englander's $35 billion hedge fund made a big million bet on Target
The New York-based firm invested $175 million in the retailer in the fourth quarter of last year. It was the biggest new bet the fund made in the fourth quarter.
That info is based on a Bloomberg analysis of a regulatory filing that the $35 billion investment firm submitted on February 14.
The quarterly filing, called a 13F, lists the long stock positions of investment firms. The positions are current as of 45 days prior, so it is possible that Millennium has since changed its positions.
Millennium manages about $34.8 billion, with more than 2,100 employees working across the US, Europe, and Asia, according to the firm's website.
The firm has also just made a big hire for equity chief, bringing on Peter Santoro, Morgan Stanley's global head of stock trading, Business Insider earlier reported.