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 | |
|---|---|---|---|---|---|---|
326
Antero Resources
AR
$11.6B
| $52.1M | 0.08% |
5,552,818
-1,391,329
| -20% | -$20.6M |
|
327
CDW
CDW
$16.5B
| $52.1M | 0.08% |
643,285
+514,231
| +398% | +$44.3M |
|
|
PPL
328
PPL Corp
PPL
$26.4B
| $51.6M | 0.08% |
1,822,443
-1,328,918
| -42% | -$40.4M |
|
329
Healthcare Realty
HR
$6.64B
| $51.6M | 0.08% |
2,039,001
-406,810
| -17% | -$10.8M |
|
|
SPR
330
DELISTED
Spirit AeroSystems
SPR
| $51.3M | 0.08% |
711,717
+462,846
| +186% | +$37.5M |
|
|
NXTM
331
DELISTED
NxStage Medical Inc.
NXTM
| $51.3M | 0.08% |
1,792,232
+563,730
| +46% | +$16M |
|
332
Johnson Controls International
JCI
$86.3B
| $51.2M | 0.08% |
1,725,672
+1,651,043
| +2,212% | +$54.5M |
|
|
PFPT
333
DELISTED
Proofpoint, Inc.
PFPT
| $51M | 0.08% |
608,634
+4,714
| +0.8% | +$436K |
|
334
Toll Brothers
TOL
$13.8B
| $50.8M | 0.08% |
1,541,302
+63,920
| +4% | +$2.05M |
|
335
PUT
PayPal
PYPL
$52.7B
| $50.7M | 0.08% |
602,900
+459,800
| +321% | +$38.3M |
|
|
NATI
336
DELISTED
National Instruments Corp
NATI
| $50.6M | 0.08% |
1,115,638
+920,915
| +473% | +$43M |
|
337
Extra Space Storage
EXR
$30.9B
| $50.6M | 0.08% |
559,192
-12,638
| -2% | -$1.15M |
|
338
Hubbell
HUBB
$24.7B
| $50.4M | 0.08% |
507,415
-94,006
| -16% | -$10.3M |
|
339
First American
FAF
$7.38B
| $50.2M | 0.08% |
1,124,185
+481,218
| +75% | +$22.3M |
|
340
Peabody Energy
BTU
$3.41B
| $50.1M | 0.08% |
1,642,244
+845,959
| +106% | +$28.4M |
|
341
Kirby Corp
KEX
$7.31B
| $50M | 0.08% |
+742,246
| New | +$54.9M |
|
342
Olin
OLN
$2.01B
| $50M | 0.08% |
2,485,409
-1,209,895
| -33% | -$25.8M |
|
|
TCF
343
DELISTED
TCF Financial Corporation
TCF
| $49.9M | 0.08% |
2,560,646
+1,073,458
| +72% | +$23.2M |
|
344
Costco
COST
$429B
| $49.7M | 0.08% |
244,043
-105,409
| -30% | -$23.5M |
|
345
Pfizer
PFE
$160B
| $49.6M | 0.08% |
1,197,365
+1,020,574
| +577% | +$42.4M |
|
346
Ericsson
ERIC
$33.3B
| $49.4M | 0.08% |
5,566,488
+5,187,045
| +1,367% | +$45.1M |
|
347
Cboe Global Markets
CBOE
$32.2B
| $49.4M | 0.08% |
504,670
+83,601
| +20% | +$8.7M |
|
348
Hershey
HSY
$38B
| $49.3M | 0.08% |
460,314
+129,922
| +39% | +$13.8M |
|
349
CNX Resources
CNX
$5.4B
| $49.3M | 0.08% |
4,314,333
+878,654
| +26% | +$12.1M |
|
350
Warrior Met Coal
HCC
$5.65B
| $49.2M | 0.08% |
2,041,121
+561,054
| +38% | +$14.3M |
|
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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.