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 | |
|---|---|---|---|---|---|---|
2876
ING
ING
$101B
| $553K | ﹤0.01% |
51,854
+8,206
| +19% | +$98.6K |
|
|
ECOL
2877
DELISTED
US Ecology, Inc.
ECOL
| $553K | ﹤0.01% |
8,776
-10,857
| -55% | -$730K |
|
2878
ArcelorMittal
MT
$55.2B
| $552K | ﹤0.01% |
26,700
-43,371
| -62% | -$1.07M |
|
2879
Ambarella
AMBA
$3.08B
| $550K | ﹤0.01% |
+15,716
| New | +$557K |
|
|
WPRT
2880
Westport Fuel Systems
WPRT
$34.8M
| $550K | ﹤0.01% |
41,384
+26,573
| +179% | +$601K |
|
|
DF
2881
DELISTED
Dean Foods Company
DF
| $550K | ﹤0.01% |
144,384
-521,514
| -78% | -$3.15M |
|
|
HTLF
2882
DELISTED
Heartland Financial USA, Inc.
HTLF
| $549K | ﹤0.01% |
+12,494
| New | +$655K |
|
2883
Allient
ALNT
$1.59B
| $548K | ﹤0.01% |
18,404
-37,414
| -67% | -$1.15M |
|
|
NVEE
2884
DELISTED
NV5 Global
NVEE
| $548K | ﹤0.01% |
+36,224
| New | +$672K |
|
2885
Stock Yards Bancorp
SYBT
$2.51B
| $548K | ﹤0.01% |
16,718
-118,093
| -88% | -$3.77M |
|
|
HTB
2886
HomeTrust Bancshares
HTB
$767M
| $548K | ﹤0.01% |
20,947
+4,187
| +25% | +$112K |
|
2887
F5
FFIV
$21.5B
| $547K | ﹤0.01% |
+3,375
| New | +$579K |
|
2888
The Greenbrier Companies
GBX
$1.43B
| $546K | ﹤0.01% |
13,801
-255,188
| -95% | -$12.6M |
|
2889
KLX Energy Services
KLXE
$34.1M
| $545K | ﹤0.01% |
4,649
-15,544
| -77% | -$2.15M |
|
2890
Lesaka Technologies
LSAK
$397M
| $544K | ﹤0.01% |
115,948
-302,412
| -72% | -$1.78M |
|
2891
Pricesmart
PSMT
$5.44B
| $544K | ﹤0.01% |
+9,212
| New | +$634K |
|
|
WMGI
2892
PUT
DELISTED
Wright Medical Group Inc
WMGI
| $544K | ﹤0.01% |
+20,000
| New | +$553K |
|
2893
National Presto Industries
NPK
$1.12B
| $543K | ﹤0.01% |
4,640
-2,519
| -35% | -$315K |
|
2894
Winmark
WINA
$1.22B
| $543K | ﹤0.01% |
3,413
+108
| +3% | +$16.5K |
|
|
MR
2895
DELISTED
Montage Resources Corporation Common Stock
MR
| $543K | ﹤0.01% |
34,505
+32,849
| +1,984% | +$561K |
|
|
EB
2896
DELISTED
Eventbrite
EB
| $542K | ﹤0.01% |
19,505
-26,296
| -57% | -$778K |
|
2897
Howard Hughes
HHH
$3.99B
| $541K | ﹤0.01% |
+5,816
| New | +$605K |
|
|
XYF
2898
X Financial
XYF
$210M
| $540K | ﹤0.01% |
42,151
-10,890
| -21% | -$246K |
|
2899
Silicom
SILC
$245M
| $538K | ﹤0.01% |
+15,401
| New | +$601K |
|
2900
Carpenter Technology
CRS
$23.8B
| $536K | ﹤0.01% |
15,059
-34,081
| -69% | -$1.54M |
|
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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.