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 | |
|---|---|---|---|---|---|---|
|
VSM
501
DELISTED
Versum Materials, Inc.
VSM
| $32.5M | 0.05% |
1,173,995
+1,051,511
| +858% | +$33.2M |
|
502
PUT
Costco
COST
$431B
| $32.4M | 0.05% |
159,100
+41,400
| +35% | +$9.25M |
|
503
Align Technology
ALGN
$11.3B
| $32.3M | 0.05% |
154,461
+153,756
| +21,809% | +$38.8M |
|
504
NVR
NVR
$17B
| $32.3M | 0.05% |
13,262
-15,771
| -54% | -$37.3M |
|
505
Essex Property Trust
ESS
$18.9B
| $32.3M | 0.05% |
131,705
-209,749
| -61% | -$52.9M |
|
506
Sunrun
RUN
$2.15B
| $32.1M | 0.05% |
2,946,325
+1,757,496
| +148% | +$22.2M |
|
|
CXO
507
DELISTED
CONCHO RESOURCES INC.
CXO
| $32M | 0.05% |
311,770
-104,005
| -25% | -$13.8M |
|
508
UDR
UDR
$12.3B
| $32M | 0.05% |
808,635
+751,625
| +1,318% | +$30.4M |
|
509
CALL
State Street Technology Select Sector SPDR ETF
XLK
$117B
| $31.8M | 0.05% |
+1,025,800
| New | +$34.7M |
|
|
DISH
510
DELISTED
DISH Network Corp.
DISH
| $31.6M | 0.05% |
1,265,216
-2,058,226
| -62% | -$64.6M |
|
511
CVR Energy
CVI
$3.82B
| $31.5M | 0.05% |
913,133
-1,513,782
| -62% | -$57.6M |
|
512
Stellantis
STLA
$19.7B
| $31.5M | 0.05% |
2,175,735
+54,148
| +3% | +$872K |
|
513
Jazz Pharmaceuticals
JAZZ
$16.5B
| $31.3M | 0.05% |
252,406
+138,007
| +121% | +$20.5M |
|
514
Hyatt Hotels
H
$17B
| $31.3M | 0.05% |
462,670
-790,846
| -63% | -$55.4M |
|
|
LTXB
515
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $31.2M | 0.05% |
973,575
+713,995
| +275% | +$27.3M |
|
|
EXAS
516
DELISTED
Exact Sciences
EXAS
| $31.2M | 0.05% |
495,109
-30,024
| -6% | -$2.06M |
|
517
Air Products & Chemicals
APD
$68.2B
| $31.2M | 0.05% |
194,924
+60,268
| +45% | +$9.55M |
|
518
DuPont de Nemours
DD
$18.5B
| $31M | 0.05% |
229,099
-76,000
| -25% | -$10.9M |
|
519
Caterpillar
CAT
$373B
| $30.9M | 0.05% |
243,117
-477,690
| -66% | -$62.1M |
|
520
Broadridge
BR
$21.1B
| $30.8M | 0.05% |
320,221
-37,757
| -11% | -$4.09M |
|
521
Methanex
MEOH
$4.57B
| $30.6M | 0.05% |
635,587
+476,114
| +299% | +$29.7M |
|
522
CALL
Targa Resources
TRGP
$63.1B
| $30.6M | 0.05% |
849,900
+50,800
| +6% | +$2.46M |
|
|
MIC
523
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $30.6M | 0.05% |
837,237
+61,282
| +8% | +$2.45M |
|
|
SRCI
524
DELISTED
SRC Energy Inc
SRCI
| $30.6M | 0.05% |
6,508,772
+4,403,730
| +209% | +$29.5M |
|
|
SYNH
525
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $30.6M | 0.05% |
776,807
-518,672
| -40% | -$24.1M |
|
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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.