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 | |
|---|---|---|---|---|---|---|
26
Dominion Energy
D
$58.6B
| $244M | 0.38% |
3,418,868
+1,651,497
| +93% | +$121M |
|
27
United Airlines
UAL
$36.7B
| $243M | 0.38% |
2,904,435
+576,464
| +25% | +$50.6M |
|
28
CenterPoint Energy
CNP
$25.5B
| $243M | 0.38% |
8,592,547
-1,139,850
| -12% | -$31.8M |
|
|
CMA
29
DELISTED
Comerica
CMA
| $232M | 0.36% |
3,382,723
-313,223
| -8% | -$24.9M |
|
|
APC
30
DELISTED
Anadarko Petroleum
APC
| $232M | 0.36% |
5,295,821
+5,095,016
| +2,537% | +$287M |
|
|
31
PUT
Amazon
AMZN
$2.79T
| $224M | 0.35% |
2,988,000
+2,436,000
| +441% | +$203M |
|
32
Alphabet (Google) Class A
GOOGL
$4.22T
| $224M | 0.35% |
4,288,540
+737,220
| +21% | +$39.8M |
|
33
FirstEnergy
FE
$26.6B
| $219M | 0.34% |
5,835,077
-1,650,667
| -22% | -$62.5M |
|
34
Baker Hughes
BKR
$61.9B
| $218M | 0.34% |
10,141,107
+4,260,917
| +72% | +$109M |
|
35
Broadcom
AVGO
$1.75T
| $216M | 0.34% |
8,483,980
+6,429,500
| +313% | +$152M |
|
36
Southwest Airlines
LUV
$19.8B
| $213M | 0.33% |
4,592,257
+2,301,057
| +100% | +$122M |
|
37
Lamb Weston
LW
$7.38B
| $213M | 0.33% |
2,900,859
+2,286,275
| +372% | +$175M |
|
38
eBay
EBAY
$46.3B
| $212M | 0.33% |
7,563,633
+5,365,590
| +244% | +$158M |
|
39
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $209M | 0.33% |
1,723,475
+1,588,378
| +1,176% | +$184M |
|
|
ETFC
40
DELISTED
E*Trade Financial Corporation
ETFC
| $205M | 0.32% |
4,669,963
-2,759,080
| -37% | -$135M |
|
41
Vertex Pharmaceuticals
VRTX
$139B
| $204M | 0.32% |
1,230,851
+222,524
| +22% | +$38.6M |
|
|
42
Amazon
AMZN
$2.79T
| $203M | 0.32% |
2,705,380
-3,488,100
| -56% | -$290M |
|
43
Meta Platforms (Facebook)
META
$1.4T
| $202M | 0.32% |
1,544,631
+1,161,889
| +304% | +$168M |
|
|
CTRA
44
DELISTED
Coterra Energy
CTRA
| $201M | 0.31% |
9,001,741
+2,055,971
| +30% | +$49.6M |
|
45
Occidental Petroleum
OXY
$61.3B
| $201M | 0.31% |
3,275,239
+2,621,463
| +401% | +$184M |
|
|
SCG
46
DELISTED
Scana
SCG
| $199M | 0.31% |
4,161,857
+3,427,843
| +467% | +$147M |
|
47
Bank of America
BAC
$431B
| $196M | 0.31% |
7,969,307
+3,827,667
| +92% | +$104M |
|
48
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $194M | 0.3% |
777,300
-106,300
| -12% | -$28.7M |
|
49
Comcast
CMCSA
$95.3B
| $192M | 0.3% |
5,625,635
+393,299
| +8% | +$14.4M |
|
|
PXD
50
DELISTED
Pioneer Natural Resource Co.
PXD
| $188M | 0.29% |
1,431,449
+647,669
| +83% | +$99M |
|
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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.