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 | |
|---|---|---|---|---|---|---|
2651
Horizon Bancorp
HBNC
$1B
| $836K | ﹤0.01% |
52,983
-67,183
| -56% | -$1.15M |
|
2652
Westwood Holdings Group
WHG
$188M
| $834K | ﹤0.01% |
24,517
+20
| +0.1% | +$821 |
|
|
QEP
2653
PUT
DELISTED
QEP RESOURCES, INC.
QEP
| $833K | ﹤0.01% |
+148,000
| New | +$1.3M |
|
2654
Alnylam Pharmaceuticals
ALNY
$32.1B
| $829K | ﹤0.01% |
+11,373
| New | +$875K |
|
|
TSRO
2655
CALL
DELISTED
TESARO, Inc.
TSRO
| $824K | ﹤0.01% |
+11,100
| New | +$533K |
|
2656
iShares Select Dividend ETF
DVY
$23.9B
| $822K | ﹤0.01% |
+9,204
| New | +$882K |
|
|
AUY
2657
DELISTED
Yamana Gold, Inc.
AUY
| $822K | ﹤0.01% |
348,451
-3,742,180
| -91% | -$8.72M |
|
2658
Innospec
IOSP
$2.32B
| $821K | ﹤0.01% |
13,298
+5,503
| +71% | +$379K |
|
|
AVX
2659
DELISTED
AVX Corporation
AVX
| $817K | ﹤0.01% |
53,546
-211,597
| -80% | -$3.41M |
|
2660
CALL
Applied Materials
AMAT
$381B
| $815K | ﹤0.01% |
24,900
| – | – |
|
|
CMO
2661
DELISTED
Capstead Mortgage Corp.
CMO
| $813K | ﹤0.01% |
+121,899
| New | +$900K |
|
|
WIN
2662
DELISTED
Windstream Holdings Inc
WIN
| $812K | ﹤0.01% |
388,331
-376,810
| -49% | -$1.4M |
|
2663
PUT
Skyworks Solutions
SWKS
$9.89B
| $811K | ﹤0.01% |
12,100
-18,300
| -60% | -$1.41M |
|
|
GMLP
2664
DELISTED
Golar LNG Partners LP
GMLP
| $811K | ﹤0.01% |
75,075
-101,639
| -58% | -$1.34M |
|
|
WNS
2665
DELISTED
WNS Holdings
WNS
| $809K | ﹤0.01% |
19,603
-2,582
| -12% | -$123K |
|
|
XRN
2666
Chiron Real Estate Inc
XRN
$499M
| $806K | ﹤0.01% |
18,123
+7,176
| +66% | +$330K |
|
2667
Kinetik
KNTK
$4.36B
| $806K | ﹤0.01% |
10,425
-12,960
| -55% | -$1.18M |
|
2668
NBT Bancorp
NBTB
$2.67B
| $805K | ﹤0.01% |
23,274
-74,249
| -76% | -$2.73M |
|
2669
iShares International Select Dividend ETF
IDV
$8.7B
| $804K | ﹤0.01% |
+27,991
| New | +$858K |
|
|
DFRG
2670
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $802K | ﹤0.01% |
112,192
+3,302
| +3% | +$23.4K |
|
2671
Camping World
CWH
$669M
| $800K | ﹤0.01% |
69,726
-38,019
| -35% | -$674K |
|
2672
Provident Financial
PROV
$115M
| $799K | ﹤0.01% |
51,531
-17,053
| -25% | -$294K |
|
2673
GSI Technology
GSIT
$229M
| $795K | ﹤0.01% |
154,750
-63,922
| -29% | -$374K |
|
|
ACHN
2674
CALL
DELISTED
Achillion Pharmaceuticals
ACHN
| $795K | ﹤0.01% |
+500,000
| New | +$1.41M |
|
|
BAND
2675
Bandwidth Inc
BAND
$1.5B
| $794K | ﹤0.01% |
19,481
-3,714
| -16% | -$175K |
|
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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.