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 | |
|---|---|---|---|---|---|---|
3401
PennantPark Floating Rate Capital
PFLT
$740M
| $176K | ﹤0.01% |
15,245
-5,316
| -26% | -$67.2K |
|
3402
Pearson
PSO
$10B
| $176K | ﹤0.01% |
+14,700
| New | +$170K |
|
|
NBRV
3403
DELISTED
Nabriva Therapeutics plc Ordinary Shares Ireland
NBRV
| $176K | ﹤0.01% |
482
-11
| -2% | -$5.92K |
|
3404
Cleveland-Cliffs
CLF
$6.45B
| $175K | ﹤0.01% |
22,758
-2,990,376
| -99% | -$29.9M |
|
3405
Forestar Group
FOR
$1.47B
| $175K | ﹤0.01% |
+12,662
| New | +$212K |
|
|
CSTR
3406
DELISTED
CapStar Financial Holdings, Inc
CSTR
| $175K | ﹤0.01% |
+11,850
| New | +$183K |
|
|
AUD
3407
DELISTED
Audacy, Inc.
AUD
| $175K | ﹤0.01% |
30,690
-101,799
| -77% | -$678K |
|
|
CHW
3408
Calamos Global Dynamic Income Fund
CHW
$543M
| $174K | ﹤0.01% |
+26,600
| New | +$201K |
|
3409
Information Services Group
III
$241M
| $174K | ﹤0.01% |
40,972
-119,054
| -74% | -$501K |
|
3410
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.17B
| $174K | ﹤0.01% |
14,988
+3,234
| +28% | +$38.2K |
|
|
LBY
3411
DELISTED
Libbey, Inc.
LBY
| $174K | ﹤0.01% |
44,897
-282,418
| -86% | -$1.84M |
|
|
ITRM
3412
DELISTED
Iterum Therapeutics
ITRM
| $173K | ﹤0.01% |
2,298
-1,069
| -32% | -$101K |
|
|
EARN
3413
Ellington Residential Mortgage REIT
EARN
$168M
| $172K | ﹤0.01% |
16,821
-61,110
| -78% | -$661K |
|
3414
Interface
TILE
$2.21B
| $171K | ﹤0.01% |
12,000
-128,118
| -91% | -$2.2M |
|
3415
Townsquare Media
TSQ
$104M
| $169K | ﹤0.01% |
41,314
-100,768
| -71% | -$645K |
|
3416
Coda Octopus Group
CODA
$113M
| $168K | ﹤0.01% |
28,757
-12,617
| -30% | -$75.2K |
|
3417
Senseonics Holdings Inc
SENS
$496M
| $168K | ﹤0.01% |
3,241
-65,079
| -95% | -$4.35M |
|
|
OTIC
3418
DELISTED
Otonomy, Inc.
OTIC
| $168K | ﹤0.01% |
90,794
-323,905
| -78% | -$764K |
|
|
BSL
3419
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$168M
| $167K | ﹤0.01% |
+10,900
| New | +$186K |
|
3420
LSI Industries
LYTS
$719M
| $167K | ﹤0.01% |
52,636
-261,748
| -83% | -$1.09M |
|
|
HBP
3421
DELISTED
Huttig Building Products, Inc.
HBP
| $167K | ﹤0.01% |
93,050
-180,598
| -66% | -$545K |
|
|
VSA
3422
VisionSys AI
VSA
$9.64M
| $166K | ﹤0.01% |
11
-2
| -15% | -$38.4K |
|
|
VLRX
3423
DELISTED
VALERITAS HOLDINGS INC
VLRX
| $165K | ﹤0.01% |
+25,338
| New | +$407K |
|
|
COOP
3424
DELISTED
Mr. Cooper
COOP
| $164K | ﹤0.01% |
14,029
+11,948
| +574% | +$171K |
|
|
HONE
3425
DELISTED
HarborOne Bancorp
HONE
| $164K | ﹤0.01% |
18,569
-42,183
| -69% | -$414K |
|
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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.