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 | |
|---|---|---|---|---|---|---|
2926
Kimbell Royalty Partners
KRP
$1.53B
| $513K | ﹤0.01% |
37,740
-67,133
| -64% | -$1.19M |
|
|
JF
2927
J and Friends Holdings
JF
$18M
| $513K | ﹤0.01% |
+10,789
| New | +$604K |
|
|
AIFU
2928
AIFU Inc
AIFU
$133M
| $513K | ﹤0.01% |
+58
| New | +$589K |
|
2929
Camden National
CAC
$958M
| $512K | ﹤0.01% |
+14,247
| New | +$571K |
|
|
GTY
2930
Getty Realty Corp
GTY
$2.07B
| $511K | ﹤0.01% |
17,377
-12,995
| -43% | -$374K |
|
|
VOXX
2931
DELISTED
VOXX International Corporation Class A
VOXX
| $511K | ﹤0.01% |
128,988
-164,853
| -56% | -$821K |
|
2932
Vanguard Financials ETF
VFH
$13.9B
| $510K | ﹤0.01% |
+8,589
| New | +$557K |
|
|
ZUO
2933
DELISTED
Zuora, Inc.
ZUO
| $508K | ﹤0.01% |
28,002
-46,749
| -63% | -$899K |
|
|
FNHC
2934
DELISTED
FedNat Holding Company Common Stock
FNHC
| $508K | ﹤0.01% |
+25,513
| New | +$560K |
|
2935
Park-Ohio Holdings
PKOH
$645M
| $505K | ﹤0.01% |
16,444
-14,189
| -46% | -$495K |
|
|
LCI
2936
DELISTED
Lannett Company, Inc.
LCI
| $505K | ﹤0.01% |
25,454
-257,737
| -91% | -$4.9M |
|
2937
Middlesex Water
MSEX
$1.1B
| $504K | ﹤0.01% |
9,449
-8,589
| -48% | -$423K |
|
2938
News Corp Class B
NWS
$18.8B
| $504K | ﹤0.01% |
+43,658
| New | +$571K |
|
|
EGL
2939
DELISTED
Engility Holdings, Inc.
EGL
| $504K | ﹤0.01% |
+17,721
| New | +$552K |
|
2940
SIGA Technologies
SIGA
$217M
| $503K | ﹤0.01% |
63,702
+30,110
| +90% | +$172K |
|
|
AIFA
2941
All In FutureTech Alliance Inc
AIFA
$20.7M
| $502K | ﹤0.01% |
8,333
| – | – |
|
2942
PUT
Marriott International
MAR
$93.6B
| $502K | ﹤0.01% |
5,900
| – | – |
|
2943
Ingevity
NGVT
$2.37B
| $502K | ﹤0.01% |
6,000
-11,886
| -66% | -$1.08M |
|
2944
Northrim BanCorp
NRIM
$568M
| $502K | ﹤0.01% |
61,132
-2,184
| -3% | -$20.1K |
|
2945
Amerant Bancorp
AMTB
$1.12B
| $499K | ﹤0.01% |
+38,350
| New | +$793K |
|
|
PTVCB
2946
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $499K | ﹤0.01% |
29,963
-10,747
| -26% | -$228K |
|
|
SIOX
2947
DELISTED
Sio Gene Therapies Inc. Common Stock
SIOX
| $498K | ﹤0.01% |
62,523
+492
| +0.8% | +$7.09K |
|
2948
SunCoke Energy
SXC
$810M
| $497K | ﹤0.01% |
58,132
+30,242
| +108% | +$310K |
|
2949
BlackBerry
BB
$4.59B
| $496K | ﹤0.01% |
69,721
-39,257
| -36% | -$346K |
|
2950
SLM Corp
SLM
$4.97B
| $496K | ﹤0.01% |
59,745
-211,070
| -78% | -$2.1M |
|
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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.