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 | |
|---|---|---|---|---|---|---|
|
XYZ
401
Block Inc
XYZ
$48.9B
| $42.3M | 0.07% |
754,194
+563,587
| +296% | +$39.8M |
|
402
Avnet
AVT
$7.08B
| $42.3M | 0.07% |
1,170,456
+307,223
| +36% | +$12.6M |
|
403
Tractor Supply
TSCO
$18.7B
| $42.2M | 0.07% |
2,529,710
+1,013,365
| +67% | +$18.2M |
|
404
America Movil
AMX
$71.3B
| $42M | 0.07% |
2,944,849
+2,613,114
| +788% | +$37.5M |
|
405
ServiceNow
NOW
$132B
| $41.8M | 0.07% |
1,172,910
-1,347,045
| -53% | -$47.8M |
|
406
Autodesk
ADSK
$53.7B
| $41.6M | 0.06% |
323,404
-273,155
| -46% | -$36.9M |
|
407
CALL
Antero Resources
AR
$11.7B
| $41.5M | 0.06% |
4,424,700
+1,613,200
| +57% | +$23.8M |
|
408
Orion
OEC
$340M
| $41.5M | 0.06% |
1,641,052
+1,070,346
| +188% | +$27.9M |
|
409
Bunge Global
BG
$21.2B
| $41.3M | 0.06% |
773,312
-520,686
| -40% | -$32.1M |
|
|
B
410
Barrick Mining
B
$79.3B
| $41.3M | 0.06% |
3,047,218
+720,076
| +31% | +$9.31M |
|
411
Armstrong World Industries
AWI
$7.53B
| $40.9M | 0.06% |
702,346
+477,235
| +212% | +$30.5M |
|
412
L3Harris
LHX
$48.9B
| $40.8M | 0.06% |
302,860
-129,038
| -30% | -$19.5M |
|
413
Matador Resources
MTDR
$7.12B
| $40.6M | 0.06% |
2,615,894
-21,491
| -0.8% | -$540K |
|
414
Evolent Health
EVH
$534M
| $40.5M | 0.06% |
2,030,815
-53,241
| -3% | -$1.23M |
|
415
MSCI
MSCI
$41.5B
| $40.4M | 0.06% |
274,042
+16,793
| +7% | +$2.56M |
|
416
Arista Networks
ANET
$237B
| $40.3M | 0.06% |
3,063,568
+1,928,320
| +170% | +$27.7M |
|
417
Weyerhaeuser
WY
$17.6B
| $40.2M | 0.06% |
1,839,833
-3,632,657
| -66% | -$96.8M |
|
418
Warner Bros
WBD
$72B
| $40.2M | 0.06% |
1,624,707
-201,164
| -11% | -$6.13M |
|
419
Magnolia Oil & Gas
MGY
$6.45B
| $39.9M | 0.06% |
3,562,582
-2,224,900
| -38% | -$28M |
|
|
GHDX
420
DELISTED
Genomic Health, Inc.
GHDX
| $39.8M | 0.06% |
618,187
-305,777
| -33% | -$21.4M |
|
421
MetLife
MET
$61.1B
| $39.8M | 0.06% |
968,230
+274,124
| +39% | +$11.8M |
|
422
CALL
Brunswick
BC
$5.26B
| $39.5M | 0.06% |
+850,000
| New | +$45.5M |
|
423
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $39.5M | 0.06% |
472,101
-59,430
| -11% | -$4.94M |
|
|
STL
424
DELISTED
Sterling Bancorp
STL
| $39.5M | 0.06% |
2,389,793
-430,960
| -15% | -$8.03M |
|
425
Highwoods Properties
HIW
$3.5B
| $39.4M | 0.06% |
1,017,882
+301,874
| +42% | +$13.1M |
|
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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.