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 | |
|---|---|---|---|---|---|---|
|
CERN
426
DELISTED
Cerner Corp
CERN
| $39.2M | 0.06% |
746,745
+595,926
| +395% | +$34.5M |
|
427
Chevron
CVX
$398B
| $39M | 0.06% |
358,233
-2,114,698
| -86% | -$245M |
|
428
UnitedHealth
UNH
$358B
| $39M | 0.06% |
156,354
-399,588
| -72% | -$106M |
|
|
TXNM
429
TXNM Energy Inc
TXNM
$5.88B
| $38.9M | 0.06% |
947,749
+644,357
| +212% | +$26.4M |
|
430
CALL
Biogen
BIIB
$32.2B
| $38.8M | 0.06% |
129,100
+120,000
| +1,319% | +$38.3M |
|
431
ResMed
RMD
$33.5B
| $38.8M | 0.06% |
340,387
+114,876
| +51% | +$12.3M |
|
432
CALL
Qualcomm
QCOM
$166B
| $38.4M | 0.06% |
675,100
+362,800
| +116% | +$22M |
|
433
Equinix
EQIX
$104B
| $38.3M | 0.06% |
108,675
-59,572
| -35% | -$23.2M |
|
434
Edison International
EIX
$28.5B
| $38.3M | 0.06% |
674,887
+242,678
| +56% | +$15.1M |
|
435
PUT
Intel
INTC
$461B
| $38.3M | 0.06% |
815,700
-729,300
| -47% | -$34.1M |
|
436
Stanley Black & Decker
SWK
$14.9B
| $38.2M | 0.06% |
319,291
+278,147
| +676% | +$34.7M |
|
|
NVO
437
Novo Nordisk
NVO
$207B
| $38.2M | 0.06% |
1,657,542
+532,052
| +47% | +$11.8M |
|
|
IBKC
438
DELISTED
IBERIABANK Corp
IBKC
| $38.1M | 0.06% |
593,465
-926,526
| -61% | -$68M |
|
439
International Bancshares
IBOC
$4.45B
| $38M | 0.06% |
1,105,985
+7,505
| +0.7% | +$289K |
|
440
Range Resources
RRC
$9.64B
| $37.9M | 0.06% |
3,964,479
+844,594
| +27% | +$12.8M |
|
441
CALL
Meta Platforms (Facebook)
META
$1.42T
| $37.9M | 0.06% |
289,000
-27,800
| -9% | -$4.03M |
|
442
Norfolk Southern
NSC
$79.3B
| $37.9M | 0.06% |
253,156
-265,211
| -51% | -$43.6M |
|
443
Murphy Oil
MUR
$5.16B
| $37.5M | 0.06% |
1,604,044
+1,227,727
| +326% | +$37.6M |
|
444
Kimberly-Clark
KMB
$37B
| $37.5M | 0.06% |
329,054
-372,654
| -53% | -$41.4M |
|
445
TE Connectivity
TEL
$58.6B
| $37.4M | 0.06% |
494,824
-634,766
| -56% | -$48.9M |
|
|
DFS
446
DELISTED
Discover Financial Services
DFS
| $37.4M | 0.06% |
634,458
+98,727
| +18% | +$6.82M |
|
447
CareTrust REIT
CTRE
$9.37B
| $37M | 0.06% |
2,002,978
-515,673
| -20% | -$9.6M |
|
448
Check Point Software Technologies
CHKP
$13.3B
| $36.6M | 0.06% |
356,153
+330,229
| +1,274% | +$36.2M |
|
449
Netflix
NFLX
$333B
| $36.6M | 0.06% |
1,365,750
-5,949,350
| -81% | -$178M |
|
|
FL
450
DELISTED
Foot Locker
FL
| $36.6M | 0.06% |
687,123
-64,359
| -9% | -$3.23M |
|
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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.