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 | |
|---|---|---|---|---|---|---|
|
CRON
2576
Cronos Group
CRON
$1.29B
| $963K | ﹤0.01% |
92,706
+42,406
| +84% | +$408K |
|
|
MDSO
2577
DELISTED
Medidata Solutions, Inc.
MDSO
| $954K | ﹤0.01% |
14,154
-34,986
| -71% | -$2.47M |
|
|
JOBS
2578
DELISTED
51job Inc
JOBS
| $953K | ﹤0.01% |
15,255
-8,138
| -35% | -$521K |
|
2579
PUT
Cigna
CI
$73.8B
| $950K | ﹤0.01% |
5,000
-25,000
| -83% | -$5.22M |
|
2580
Novanta
NOVT
$5.28B
| $949K | ﹤0.01% |
+15,064
| New | +$971K |
|
|
NXH
2581
Neighborhood Intelligence Inc
NXH
$388M
| $948K | ﹤0.01% |
92,879
-721,135
| -89% | -$10.8M |
|
|
EGIO
2582
DELISTED
Edgio, Inc. Common Stock
EGIO
| $948K | ﹤0.01% |
10,123
-20,696
| -67% | -$3.03M |
|
2583
Laureate Education
LAUR
$5.28B
| $946K | ﹤0.01% |
62,096
-482,879
| -89% | -$7.23M |
|
2584
Bankwell Financial Group
BWFG
$524M
| $944K | ﹤0.01% |
32,871
-21,431
| -39% | -$629K |
|
2585
Okta
OKTA
$22.7B
| $944K | ﹤0.01% |
14,800
-52,262
| -78% | -$3.1M |
|
|
JNPR
2586
CALL
DELISTED
Juniper Networks
JNPR
| $942K | ﹤0.01% |
+35,000
| New | +$990K |
|
2587
Regis Corp
RGS
$66.8M
| $942K | ﹤0.01% |
2,778
-14,681
| -84% | -$5.24M |
|
|
ONC
2588
BeOne Medicines Ltd
ONC
$42.6B
| $939K | ﹤0.01% |
6,692
+1,073
| +19% | +$142K |
|
|
KW
2589
DELISTED
Kennedy-Wilson Holdings
KW
| $934K | ﹤0.01% |
51,390
+166
| +0.3% | +$3.18K |
|
2590
Federal Agricultural Mortgage
AGM
$2.38B
| $929K | ﹤0.01% |
15,378
+8,299
| +117% | +$551K |
|
2591
Nuveen Floating Rate Income Fund
JFR
$1.22B
| $927K | ﹤0.01% |
+100,413
| New | +$987K |
|
|
HPR
2592
DELISTED
HighPoint Resources Corporation
HPR
| $927K | ﹤0.01% |
+7,446
| New | +$1.37M |
|
2593
Par Pacific Holdings
PARR
$3.7B
| $926K | ﹤0.01% |
65,331
+670
| +1% | +$11.4K |
|
2594
Vanguard Morningstar Value ETF
VTV
$194B
| $922K | ﹤0.01% |
9,413
-4,266
| -31% | -$449K |
|
2595
Invesco
IVZ
$14.4B
| $918K | ﹤0.01% |
54,833
+29,347
| +115% | +$587K |
|
2596
iShares MSCI Chile ETF
ECH
$1.08B
| $917K | ﹤0.01% |
22,150
+10,987
| +98% | +$471K |
|
2597
CALL
Penumbra
PEN
$12.8B
| $917K | ﹤0.01% |
+7,500
| New | +$1M |
|
2598
PUT
PepsiCo
PEP
$194B
| $917K | ﹤0.01% |
+8,300
| New | +$936K |
|
2599
Xenon Pharmaceuticals
XENE
$5.85B
| $917K | ﹤0.01% |
145,382
+62,509
| +75% | +$556K |
|
2600
Adecoagro
AGRO
$1.59B
| $915K | ﹤0.01% |
131,458
+47,573
| +57% | +$348K |
|
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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.