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 | |
|---|---|---|---|---|---|---|
451
Voya Financial
VOYA
$8.98B
| $36.5M | 0.06% |
909,882
-1,465,805
| -62% | -$65.1M |
|
|
CY
452
DELISTED
Cypress Semiconductor
CY
| $36.4M | 0.06% |
2,865,315
+1,455,190
| +103% | +$19.3M |
|
|
AIV
453
Aimco
AIV
$378M
| $36.4M | 0.06% |
6,226,751
+5,716,949
| +1,121% | +$34M |
|
454
Textron
TXT
$14.1B
| $35.9M | 0.06% |
780,584
+478,589
| +158% | +$26.9M |
|
|
SAVE
455
DELISTED
Spirit Airlines, Inc.
SAVE
| $35.8M | 0.06% |
618,508
+264,423
| +75% | +$14.2M |
|
456
EPR Properties
EPR
$4.64B
| $35.6M | 0.06% |
556,750
+394,786
| +244% | +$27.2M |
|
457
Unum
UNM
$14.2B
| $35.6M | 0.06% |
1,211,940
-157,020
| -11% | -$5.5M |
|
458
Colgate-Palmolive
CL
$73.8B
| $35.6M | 0.06% |
597,647
+230,418
| +63% | +$14.4M |
|
459
Boyd Gaming
BYD
$5.89B
| $35.5M | 0.06% |
1,708,895
+886,019
| +108% | +$23.3M |
|
460
CALL
iShares China Large-Cap ETF
FXI
$4.24B
| $35.5M | 0.06% |
907,800
+735,300
| +426% | +$29.7M |
|
461
Patterson-UTI
PTEN
$4.52B
| $35.4M | 0.06% |
3,423,038
+2,876,290
| +526% | +$42.4M |
|
|
ZGNX
462
DELISTED
Zogenix, Inc.
ZGNX
| $35.4M | 0.06% |
970,542
-283,012
| -23% | -$11.6M |
|
463
Bank of Montreal
BMO
$121B
| $35.3M | 0.06% |
540,649
+370,675
| +218% | +$27.5M |
|
464
Snap-on
SNA
$20.4B
| $35.3M | 0.06% |
243,113
+241,258
| +13,006% | +$38.2M |
|
|
COR
465
DELISTED
Coresite Realty Corporation
COR
| $35.3M | 0.06% |
404,812
+12,297
| +3% | +$1.19M |
|
466
MGM Resorts International
MGM
$11B
| $35.2M | 0.05% |
1,450,838
+1,343,980
| +1,258% | +$35.1M |
|
467
Outfront Media
OUT
$5.36B
| $35.2M | 0.05% |
1,972,809
+1,523,672
| +339% | +$28.9M |
|
|
XENT
468
DELISTED
Intersect ENT, Inc
XENT
| $35.2M | 0.05% |
1,247,783
+225,853
| +22% | +$6.61M |
|
|
MNDT
469
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $35.1M | 0.05% |
2,168,243
+2,137,802
| +7,023% | +$38.4M |
|
470
Integer Holdings
ITGR
$4.25B
| $35.1M | 0.05% |
460,177
+81,308
| +21% | +$6.52M |
|
|
AHL
471
DELISTED
ASPEN Insurance Holding Limited
AHL
| $35.1M | 0.05% |
835,508
-1,150,940
| -58% | -$48.1M |
|
472
Northern Trust
NTRS
$34.2B
| $35.1M | 0.05% |
419,548
-607,584
| -59% | -$56.9M |
|
473
Revvity
RVTY
$13.7B
| $35.1M | 0.05% |
446,225
-279,168
| -38% | -$23.6M |
|
474
Telephone and Data Systems
TDS
$3.81B
| $35M | 0.05% |
1,074,879
+303,794
| +39% | +$10.1M |
|
475
Lear
LEA
$8.18B
| $34.7M | 0.05% |
282,526
-135,057
| -32% | -$18.1M |
|
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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.