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 | |
|---|---|---|---|---|---|---|
2551
JPMorgan Ultra-Short Income ETF
JPST
$40.8B
| $1.01M | ﹤0.01% |
20,230
-6,748
| -25% | -$339K |
|
2552
Manchester United
MANU
$4.12B
| $1.01M | ﹤0.01% |
+53,356
| New | +$1.07M |
|
2553
United Parcel Service
UPS
$89.5B
| $1.01M | ﹤0.01% |
10,360
-478,695
| -98% | -$51.9M |
|
2554
PUT
C.H. Robinson
CHRW
$16.8B
| $1.01M | ﹤0.01% |
+12,000
| New | +$1.07M |
|
|
MITT
2555
TPG Mortgage Investment Trust
MITT
$214M
| $1M | ﹤0.01% |
21,028
-7,211
| -26% | -$378K |
|
|
KEM
2556
DELISTED
KEMET Corporation
KEM
| $1M | ﹤0.01% |
57,197
-330,383
| -85% | -$6.18M |
|
|
TSC
2557
DELISTED
TriState Capital Holdings, Inc.
TSC
| $1M | ﹤0.01% |
51,399
-133,557
| -72% | -$3.24M |
|
2558
Sensient Technologies
SXT
$5.82B
| $997K | ﹤0.01% |
17,846
+11,274
| +172% | +$737K |
|
|
ARGO
2559
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $995K | ﹤0.01% |
14,796
-127,283
| -90% | -$8.25M |
|
2560
iShares MSCI Poland ETF
EPOL
$865M
| $993K | ﹤0.01% |
+43,136
| New | +$982K |
|
2561
CALL
Inogen
INGN
$147M
| $993K | ﹤0.01% |
8,000
-2,000
| -20% | -$329K |
|
2562
Cognex
CGNX
$10.1B
| $990K | ﹤0.01% |
25,606
+3,156
| +14% | +$137K |
|
2563
CALL
Marriott International
MAR
$93.3B
| $988K | ﹤0.01% |
11,600
| – | – |
|
2564
SSR Mining
SSRM
$8B
| $983K | ﹤0.01% |
+81,337
| New | +$862K |
|
|
PEGI
2565
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $982K | ﹤0.01% |
52,726
-322,169
| -86% | -$6.26M |
|
2566
Agilysys
AGYS
$3.23B
| $981K | ﹤0.01% |
68,376
-33,138
| -33% | -$521K |
|
2567
Graham Holdings Company
GHC
$4.99B
| $979K | ﹤0.01% |
1,529
+587
| +62% | +$362K |
|
2568
Silicon Laboratories
SLAB
$7.29B
| $979K | ﹤0.01% |
12,416
-10,347
| -45% | -$860K |
|
|
PAE
2569
DELISTED
PAE Incorporated Class A Common Stock
PAE
| $972K | ﹤0.01% |
+99,999
| New | +$967K |
|
2570
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $971K | ﹤0.01% |
28,360
-37,396
| -57% | -$1.32M |
|
2571
Truist Financial
TFC
$61.4B
| $969K | ﹤0.01% |
22,360
-32,151
| -59% | -$1.54M |
|
|
OSB
2572
DELISTED
Norbord Inc.
OSB
| $968K | ﹤0.01% |
36,414
+18,438
| +103% | +$502K |
|
2573
IMAX
IMAX
$2.96B
| $966K | ﹤0.01% |
51,338
-47,216
| -48% | -$963K |
|
|
SEMG
2574
CALL
DELISTED
SEMGROUP CORPORATION
SEMG
| $965K | ﹤0.01% |
+70,000
| New | +$1.26M |
|
|
CLDT
2575
Chatham Lodging
CLDT
$642M
| $964K | ﹤0.01% |
54,506
-107,393
| -66% | -$2.09M |
|
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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.