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 |
CELG
Celgene Corp
CELG
|
+$379M |
| 2 |
Starbucks
SBUX
|
+$371M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$287M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$263M |
| 5 |
Tesla
TSLA
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fortive
FTV
|
+$1.27B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1.11B |
| 3 |
AET
Aetna Inc
AET
|
+$535M |
| 4 |
Microsoft
MSFT
|
+$350M |
| 5 |
Amazon
AMZN
|
+$290M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.69% |
| 2 | Technology | 13.64% |
| 3 | Financials | 12.49% |
| 4 | Consumer Discretionary | 10.83% |
| 5 | Industrials | 9.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CNH
2526
CNH Industrial
CNH
$18.6B
| $1.06M | ﹤0.01% |
132,281
-316,459
| -71% | -$2.79M |
|
|
TTSH
2527
DELISTED
Tile Shop Holdings
TTSH
| $1.06M | ﹤0.01% |
193,305
-439,462
| -69% | -$2.69M |
|
2528
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.55B
| $1.06M | ﹤0.01% |
15,860
+1,106
| +7% | +$76K |
|
2529
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.7B
| $1.06M | ﹤0.01% |
20,534
+1,323
| +7% | +$67.1K |
|
|
MFGP
2530
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $1.06M | ﹤0.01% |
+50,760
| New | +$1.09M |
|
2531
PUT
VanEck Gold Miners ETF
GDX
$32.8B
| $1.05M | ﹤0.01% |
+50,000
| New | +$980K |
|
|
STND
2532
DELISTED
Standard AVB Financial Corp. Common Stock
STND
| $1.05M | ﹤0.01% |
35,265
-17,580
| -33% | -$530K |
|
2533
Vishay Intertechnology
VSH
$4.8B
| $1.05M | ﹤0.01% |
58,241
-1,268,093
| -96% | -$23.9M |
|
|
FFIC
2534
DELISTED
Flushing Financial
FFIC
| $1.05M | ﹤0.01% |
48,591
+18,692
| +63% | +$418K |
|
|
SCWX
2535
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $1.04M | ﹤0.01% |
61,730
+952
| +2% | +$14.9K |
|
2536
CALL
Texas Instruments
TXN
$237B
| $1.04M | ﹤0.01% |
+11,000
| New | +$1.06M |
|
2537
Arvinas
ARVN
$628M
| $1.04M | ﹤0.01% |
80,797
-67,725
| -46% | -$1.07M |
|
2538
Peoples Bancorp
PEBO
$1.42B
| $1.04M | ﹤0.01% |
34,488
+14,944
| +76% | +$498K |
|
2539
PUT
Zimmer Biomet
ZBH
$19.1B
| $1.04M | ﹤0.01% |
10,300
-20,600
| -67% | -$2.32M |
|
2540
CALL
Ralph Lauren
RL
$21.6B
| $1.03M | ﹤0.01% |
+10,000
| New | +$1.18M |
|
|
CVA
2541
DELISTED
Covanta Holding Corporation
CVA
| $1.03M | ﹤0.01% |
77,133
-6,861
| -8% | -$106K |
|
2542
Infosys
INFY
$48.7B
| $1.03M | ﹤0.01% |
+108,526
| New | +$1.04M |
|
|
KBAL
2543
DELISTED
Kimball International
KBAL
| $1.03M | ﹤0.01% |
72,727
-39,451
| -35% | -$617K |
|
2544
World Kinect Corp
WKC
$1.81B
| $1.03M | ﹤0.01% |
+48,101
| New | +$1.27M |
|
|
FFG
2545
DELISTED
FBL Financial Group
FFG
| $1.02M | ﹤0.01% |
15,614
-16,095
| -51% | -$1.13M |
|
2546
Clorox
CLX
$12.7B
| $1.02M | ﹤0.01% |
6,643
-3,387
| -34% | -$528K |
|
2547
FVCBankcorp
FVCB
$332M
| $1.02M | ﹤0.01% |
72,639
+55,409
| +322% | +$834K |
|
|
PVTL
2548
DELISTED
Pivotal Software, Inc.
PVTL
| $1.02M | ﹤0.01% |
62,526
-28,087
| -31% | -$503K |
|
|
IRBT
2549
DELISTED
iRobot
IRBT
| $1.02M | ﹤0.01% |
12,143
-25,238
| -68% | -$2.29M |
|
2550
Celestica
CLS
$38.7B
| $1.01M | ﹤0.01% |
115,673
-13,538
| -10% | -$136K |
|
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Israel Englander's Q4 2018 Portfolio in Review
As of Q4 2018, Israel Englander held 4,541 positions worth $64.1B, down 21% from $81.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Israel Englander withdrew a net $4.25B in Q4 2018, closing 844 positions and reducing 1,571 holdings. Its most notable exit was Andeavor, an estimated $1.11B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Israel Englander opened a new position in Athenahealth, Inc. worth $135M.
- Israel Englander's largest Q4 2018 buy was Athenahealth, Inc.: 1,022,505 shares worth $135M.
- Israel Englander added most to Celgene Corp in Q4 2018, an estimated $379M increase.
- Israel Englander's biggest Q4 2018 reduction was Fortive, cutting an estimated $1.27B.
- Israel Englander fully exited Andeavor in Q4 2018, selling an estimated $1.11B.
- Israel Englander's ten largest holdings make up 6.7% of its $64.1B portfolio in Q4 2018.
- Israel Englander opened 702 new positions and closed 844 in Q4 2018.
- Israel Englander's portfolio value fell 21% quarter-over-quarter to $64.1B.
Based on Millennium Management's 13F filing for Q4 2018, filed 14 Feb 2019.