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 | |
|---|---|---|---|---|---|---|
376
Becton Dickinson
BDX
$51.9B
| $44.9M | 0.07% |
204,136
+193,540
| +1,827% | +$44.9M |
|
377
Goodyear
GT
$1.73B
| $44.7M | 0.07% |
2,190,955
+2,095,559
| +2,197% | +$45.4M |
|
378
Alibaba
BABA
$284B
| $44.7M | 0.07% |
326,065
+263,145
| +418% | +$38.9M |
|
|
NVRO
379
DELISTED
NEVRO CORP.
NVRO
| $44.4M | 0.07% |
1,141,079
+385,297
| +51% | +$17.1M |
|
380
Synopsys
SNPS
$75.6B
| $44.2M | 0.07% |
524,213
+204,417
| +64% | +$18.2M |
|
381
Intuit
INTU
$101B
| $44.1M | 0.07% |
224,203
-959,835
| -81% | -$200M |
|
|
WCG
382
DELISTED
Wellcare Health Plans, Inc.
WCG
| $44.1M | 0.07% |
186,933
-123,630
| -40% | -$33.1M |
|
|
WCN
383
Waste Connections
WCN
$42.5B
| $44.1M | 0.07% |
593,616
+407,070
| +218% | +$31M |
|
384
Fastenal
FAST
$58.8B
| $44M | 0.07% |
3,363,092
-3,678,248
| -52% | -$49.8M |
|
385
Regency Centers
REG
$14B
| $43.9M | 0.07% |
748,919
-132,908
| -15% | -$8.32M |
|
|
JNPR
386
DELISTED
Juniper Networks
JNPR
| $43.8M | 0.07% |
1,626,966
-305,669
| -16% | -$8.65M |
|
|
S
387
DELISTED
Sprint Corporation
S
| $43.7M | 0.07% |
7,504,689
+2,962,560
| +65% | +$18.3M |
|
388
Wheaton Precious Metals
WPM
$72.7B
| $43.6M | 0.07% |
2,231,234
+929,654
| +71% | +$15.9M |
|
389
ProPetro Holding
PUMP
$1.33B
| $43.5M | 0.07% |
3,530,961
-1,357,900
| -28% | -$22.4M |
|
|
GRA
390
DELISTED
W.R. Grace & Co.
GRA
| $43.5M | 0.07% |
669,711
-252,626
| -27% | -$16.3M |
|
391
Lennox International
LII
$13.8B
| $43.4M | 0.07% |
198,104
-23,129
| -10% | -$4.88M |
|
|
AMTD
392
DELISTED
TD Ameritrade Holding Corp
AMTD
| $43.3M | 0.07% |
884,745
-253,079
| -22% | -$12.9M |
|
393
CMS Energy
CMS
$21.4B
| $43M | 0.07% |
865,471
-131,775
| -13% | -$6.66M |
|
|
PXD
394
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $42.9M | 0.07% |
326,300
| – | – |
|
|
SIX
395
DELISTED
Six Flags Entertainment Corp.
SIX
| $42.8M | 0.07% |
769,104
+453,296
| +144% | +$27.1M |
|
396
Yum China
YUMC
$16.7B
| $42.7M | 0.07% |
1,274,929
-69,650
| -5% | -$2.39M |
|
|
ARRY
397
DELISTED
Array Biopharma Inc
ARRY
| $42.7M | 0.07% |
2,999,334
-242,450
| -7% | -$3.68M |
|
|
ZEN
398
DELISTED
ZENDESK INC
ZEN
| $42.6M | 0.07% |
729,118
-497,532
| -41% | -$28.7M |
|
399
Conagra Brands
CAG
$8B
| $42.5M | 0.07% |
1,990,698
-134,447
| -6% | -$4.35M |
|
400
Coca-Cola
KO
$396B
| $42.5M | 0.07% |
897,581
-1,966,603
| -69% | -$94.1M |
|
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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.