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 | |
|---|---|---|---|---|---|---|
|
SBBP
2726
DELISTED
Strongbridge Biopharma plc.
SBBP
| $730K | ﹤0.01% |
162,985
-474,721
| -74% | -$2.32M |
|
2727
Energy Recovery
ERII
$401M
| $729K | ﹤0.01% |
108,269
-134,514
| -55% | -$1.06M |
|
|
IPHI
2728
DELISTED
INPHI CORPORATION
IPHI
| $729K | ﹤0.01% |
+22,674
| New | +$787K |
|
2729
CryoPort
CYRX
$847M
| $727K | ﹤0.01% |
65,941
-198,829
| -75% | -$2.16M |
|
2730
IDT Corp
IDT
$1.73B
| $727K | ﹤0.01% |
117,457
-212,600
| -64% | -$1.52M |
|
|
FSP
2731
Franklin Street Properties
FSP
$45.5M
| $724K | ﹤0.01% |
116,135
+86,858
| +297% | +$638K |
|
2732
Liberty Global Class C
LBTYK
$3.58B
| $724K | ﹤0.01% |
35,093
-71,373
| -67% | -$1.71M |
|
|
SUP
2733
CALL
DELISTED
Superior Industries International
SUP
| $722K | ﹤0.01% |
150,000
| – | – |
|
2734
Forward Air
FWRD
$588M
| $721K | ﹤0.01% |
13,142
+2,199
| +20% | +$135K |
|
|
HMLP
2735
DELISTED
HOEGH LNG PARTNERS LP
HMLP
| $721K | ﹤0.01% |
46,986
-26,075
| -36% | -$446K |
|
|
PDM
2736
Piedmont Realty Trust
PDM
$1.24B
| $720K | ﹤0.01% |
42,242
-28,094
| -40% | -$511K |
|
|
CPE
2737
CALL
DELISTED
Callon Petroleum Company
CPE
| $720K | ﹤0.01% |
+11,100
| New | +$1.07M |
|
|
NPKI
2738
NPK International
NPKI
$1.12B
| $716K | ﹤0.01% |
104,255
-820,798
| -89% | -$6.69M |
|
2739
International Flavors & Fragrances
IFF
$22.2B
| $715K | ﹤0.01% |
5,327
-237,734
| -98% | -$32.9M |
|
2740
Savara
SVRA
$1.15B
| $714K | ﹤0.01% |
+94,365
| New | +$849K |
|
|
VIA
2741
DELISTED
Viacom Inc. Class A
VIA
| $714K | ﹤0.01% |
25,686
+1,003
| +4% | +$34.2K |
|
2742
PUT
VF Corp
VFC
$5.44B
| $713K | ﹤0.01% |
+10,620
| New | +$812K |
|
|
RNWK
2743
DELISTED
RealNetworks Inc
RNWK
| $713K | ﹤0.01% |
308,671
-56,001
| -15% | -$130K |
|
2744
Commercial Vehicle Group
CVGI
$126M
| $711K | ﹤0.01% |
124,818
-118,375
| -49% | -$820K |
|
2745
Campbell Soup
CPB
$7B
| $710K | ﹤0.01% |
21,511
-26,461
| -55% | -$1M |
|
2746
Endava
DAVA
$172M
| $709K | ﹤0.01% |
29,236
-43,334
| -60% | -$1.06M |
|
2747
Mine Safety
MSA
$7.24B
| $707K | ﹤0.01% |
+7,499
| New | +$766K |
|
2748
HF Foods Group
HFFG
$100M
| $706K | ﹤0.01% |
+53,047
| New | +$707K |
|
|
HUD
2749
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $704K | ﹤0.01% |
41,065
-83,550
| -67% | -$1.64M |
|
2750
Kayne Anderson Energy Infrastructure Fund
KYN
$2.46B
| $703K | ﹤0.01% |
51,060
-5,133
| -9% | -$82.2K |
|
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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.