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 | |
|---|---|---|---|---|---|---|
476
T. Rowe Price
TROW
$23.9B
| $34.7M | 0.05% |
375,495
+368,338
| +5,147% | +$35.8M |
|
477
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $34.6M | 0.05% |
537,000
-561,900
| -51% | -$39.8M |
|
478
PUT
Halliburton
HAL
$28.5B
| $34.6M | 0.05% |
1,300,900
+217,300
| +20% | +$7.33M |
|
|
ULTI
479
DELISTED
Ultimate Software Group Inc
ULTI
| $34.5M | 0.05% |
141,097
-119,530
| -46% | -$31.7M |
|
480
Viasat
VSAT
$10B
| $34.5M | 0.05% |
585,991
-232,817
| -28% | -$15.1M |
|
481
PUT
Cisco
CSCO
$439B
| $34.5M | 0.05% |
795,300
+87,300
| +12% | +$3.99M |
|
482
Xcel Energy
XEL
$48.3B
| $34.4M | 0.05% |
699,066
-23,478
| -3% | -$1.18M |
|
|
IMMU
483
DELISTED
Immunomedics Inc
IMMU
| $34.4M | 0.05% |
2,411,970
+1,658,191
| +220% | +$32.9M |
|
484
ManpowerGroup
MAN
$2.85B
| $34.1M | 0.05% |
526,498
-164,300
| -24% | -$12.5M |
|
|
485
CALL
Microsoft
MSFT
$3.63T
| $34.1M | 0.05% |
335,300
+150,200
| +81% | +$16.1M |
|
486
Etsy
ETSY
$7.85B
| $34M | 0.05% |
+714,803
| New | +$33.6M |
|
|
SPAQ.U
487
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
| $34M | 0.05% |
3,399,000
-165,700
| -5% | -$1.67M |
|
488
United Parks & Resorts
PRKS
$2.03B
| $33.8M | 0.05% |
1,528,123
+89,376
| +6% | +$2.39M |
|
|
STI
489
DELISTED
SunTrust Banks, Inc.
STI
| $33.7M | 0.05% |
667,931
+652,934
| +4,354% | +$39.1M |
|
490
Take-Two Interactive
TTWO
$43.8B
| $33.7M | 0.05% |
327,263
-427,534
| -57% | -$49.2M |
|
491
PUT
iShares MSCI Brazil ETF
EWZ
$8.13B
| $33.5M | 0.05% |
876,000
-164,100
| -16% | -$6.35M |
|
492
Ovintiv
OVV
$17.9B
| $33.4M | 0.05% |
1,156,810
+639,318
| +124% | +$27.6M |
|
493
Centene
CNC
$32.5B
| $33.3M | 0.05% |
578,246
-1,679,226
| -74% | -$112M |
|
494
Baidu
BIDU
$31.4B
| $33.3M | 0.05% |
210,029
-7,074
| -3% | -$1.32M |
|
495
Madison Square Garden
MSGS
$9.76B
| $33.2M | 0.05% |
173,880
-190,633
| -52% | -$37.1M |
|
496
WisdomTree
WT
$3.61B
| $33.1M | 0.05% |
4,982,385
+3,430,999
| +221% | +$24.9M |
|
497
Ashland
ASH
$3.36B
| $33M | 0.05% |
464,606
+425,860
| +1,099% | +$32.8M |
|
498
Targa Resources
TRGP
$62.4B
| $32.8M | 0.05% |
910,533
-644,077
| -41% | -$31.2M |
|
499
PUT
iShares China Large-Cap ETF
FXI
$4.24B
| $32.7M | 0.05% |
835,700
-777,400
| -48% | -$31.4M |
|
500
PUT
Micron Technology
MU
$1.05T
| $32.7M | 0.05% |
1,029,200
+996,300
| +3,028% | +$37.8M |
|
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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.