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 | |
|---|---|---|---|---|---|---|
3051
James River Group Holdings
JRVR
$191M
| $410K | ﹤0.01% |
+11,212
| New | +$427K |
|
|
BKCC
3052
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $410K | ﹤0.01% |
77,526
-94,148
| -55% | -$542K |
|
|
JKS
3053
JinkoSolar
JKS
$831M
| $408K | ﹤0.01% |
+41,297
| New | +$408K |
|
3054
Bassett Furniture
BSET
$163M
| $407K | ﹤0.01% |
20,300
-29,677
| -59% | -$601K |
|
3055
Sonos
SONO
$1.8B
| $406K | ﹤0.01% |
41,313
+23,513
| +132% | +$295K |
|
|
ALLK
3056
DELISTED
Allakos
ALLK
| $405K | ﹤0.01% |
7,748
-1,681
| -18% | -$84.3K |
|
3057
Equifax
EFX
$22.6B
| $405K | ﹤0.01% |
4,346
-86,040
| -95% | -$9.16M |
|
3058
Group 1 Automotive
GPI
$3.09B
| $405K | ﹤0.01% |
7,691
-78,912
| -91% | -$4.39M |
|
3059
HCI Group
HCI
$2.3B
| $405K | ﹤0.01% |
7,977
-4,897
| -38% | -$240K |
|
|
PSB
3060
DELISTED
PS Business Parks, Inc.
PSB
| $405K | ﹤0.01% |
3,091
-22,152
| -88% | -$2.94M |
|
3061
8x8 Inc
EGHT
$285M
| $404K | ﹤0.01% |
22,389
-116,269
| -84% | -$2.14M |
|
3062
Team
TISI
$106M
| $404K | ﹤0.01% |
+2,760
| New | +$504K |
|
3063
Independent Bank
INDB
$3.94B
| $403K | ﹤0.01% |
5,734
-14,936
| -72% | -$1.16M |
|
|
GIFI
3064
DELISTED
Gulf Island Fabrication
GIFI
| $402K | ﹤0.01% |
55,685
-71,871
| -56% | -$606K |
|
3065
Santander
BSBR
$43.1B
| $401K | ﹤0.01% |
+37,655
| New | +$396K |
|
3066
HDFC Bank
HDB
$120B
| $400K | ﹤0.01% |
15,456
-1,003,764
| -98% | -$23.7M |
|
3067
PUT
Evolent Health
EVH
$521M
| $399K | ﹤0.01% |
+20,000
| New | +$463K |
|
3068
PUT
LivaNova
LIVN
$4.37B
| $399K | ﹤0.01% |
5,000
-75,800
| -94% | -$8.14M |
|
3069
Nexa Resources
NEXA
$2.04B
| $399K | ﹤0.01% |
33,494
-23,619
| -41% | -$288K |
|
3070
QuinStreet
QNST
$1.17B
| $398K | ﹤0.01% |
24,526
-355,915
| -94% | -$5.35M |
|
|
HTZ
3071
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $398K | ﹤0.01% |
33,537
-140,274
| -81% | -$1.97M |
|
3072
Frontdoor
FTDR
$5.68B
| $397K | ﹤0.01% |
+14,922
| New | +$442K |
|
|
WIRE
3073
DELISTED
Encore Wire Corp
WIRE
| $395K | ﹤0.01% |
7,871
-16,749
| -68% | -$795K |
|
|
FIF
3074
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
| $393K | ﹤0.01% |
+30,348
| New | +$442K |
|
|
CBB
3075
DELISTED
Cincinnati Bell Inc.
CBB
| $393K | ﹤0.01% |
50,515
-68,662
| -58% | -$841K |
|
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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.