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 | |
|---|---|---|---|---|---|---|
3101
AMC Entertainment Holdings
AMC
$2.43B
| $366K | ﹤0.01% |
2,979
-23,023
| -89% | -$3.77M |
|
3102
Costamare
CMRE
$1.85B
| $366K | ﹤0.01% |
83,322
-20,307
| -20% | -$107K |
|
3103
Duluth Holdings
DLTH
$142M
| $365K | ﹤0.01% |
14,451
-9,885
| -41% | -$282K |
|
|
AXAS
3104
DELISTED
Abraxas Petroleum Corp
AXAS
| $365K | ﹤0.01% |
16,753
-30,575
| -65% | -$1.07M |
|
|
AVCT
3105
DELISTED
American Virtual Cloud Technologies, Inc. Common Stock
AVCT
| $364K | ﹤0.01% |
2,395
+746
| +45% | +$112K |
|
|
INWK
3106
DELISTED
InnerWorkings, Inc.
INWK
| $364K | ﹤0.01% |
97,341
+26,549
| +38% | +$148K |
|
3107
Primerica
PRI
$9.18B
| $362K | ﹤0.01% |
3,708
-58,308
| -94% | -$6.48M |
|
3108
Erie Indemnity
ERIE
$13.9B
| $361K | ﹤0.01% |
2,709
-16,419
| -86% | -$2.13M |
|
3109
Howmet Aerospace
HWM
$106B
| $361K | ﹤0.01% |
27,949
-434,989
| -94% | -$6.8M |
|
3110
Q2 Holdings
QTWO
$3.92B
| $361K | ﹤0.01% |
7,290
-49,743
| -87% | -$2.54M |
|
|
BFIN
3111
DELISTED
BankFinancial
BFIN
| $360K | ﹤0.01% |
24,099
-34,991
| -59% | -$516K |
|
3112
Grupo Cibest SA
CIB
$24.1B
| $359K | ﹤0.01% |
9,432
-11,313
| -55% | -$452K |
|
3113
Funko
FNKO
$373M
| $359K | ﹤0.01% |
27,286
-49,506
| -64% | -$827K |
|
|
PHD
3114
DELISTED
Pioneer Floating Rate Fund
PHD
| $359K | ﹤0.01% |
+36,450
| New | +$382K |
|
3115
Consolidated Water Co
CWCO
$481M
| $358K | ﹤0.01% |
+30,661
| New | +$384K |
|
|
TRIB
3116
Trinity Biotech
TRIB
$8.1M
| $358K | ﹤0.01% |
1,041
-56
| -5% | -$25.9K |
|
3117
Miller Industries
MLR
$647M
| $357K | ﹤0.01% |
13,231
+3,961
| +43% | +$105K |
|
|
PHT
3118
DELISTED
Pioneer High Income Fund
PHT
| $356K | ﹤0.01% |
+44,724
| New | +$384K |
|
3119
RCI Hospitality Holdings
RICK
$234M
| $356K | ﹤0.01% |
15,925
-10,200
| -39% | -$256K |
|
|
WIW
3120
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$511M
| $356K | ﹤0.01% |
+35,100
| New | +$364K |
|
|
ACP
3121
abrdn Income Credit Strategies Fund
ACP
$634M
| $355K | ﹤0.01% |
+35,047
| New | +$422K |
|
3122
PUT
Cognizant
CTSH
$27.8B
| $355K | ﹤0.01% |
+5,600
| New | +$390K |
|
3123
Green Plains
GPRE
$1.03B
| $355K | ﹤0.01% |
27,116
-914,203
| -97% | -$15M |
|
|
ARI
3124
Apollo Commercial Real Estate
ARI
$881M
| $353K | ﹤0.01% |
21,202
-8,752
| -29% | -$162K |
|
|
HDV
3125
iShares Core High Dividend ETF
HDV
$15.4B
| $353K | ﹤0.01% |
20,925
-6,805
| -25% | -$121K |
|
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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.