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 | |
|---|---|---|---|---|---|---|
|
ECHO
526
EchoStar
ECHO
$24.8B
| $30.4M | 0.05% |
1,021,938
+206,407
| +25% | +$6.81M |
|
527
Fair Isaac
FICO
$25.2B
| $30.4M | 0.05% |
162,460
+23,472
| +17% | +$4.58M |
|
|
ZNGA
528
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $30.3M | 0.05% |
7,720,792
+2,798,782
| +57% | +$10.6M |
|
529
Brown-Forman Class B
BF.B
$13.2B
| $30.2M | 0.05% |
635,749
-1,302,460
| -67% | -$61.9M |
|
530
United Rentals
URI
$67.4B
| $30.2M | 0.05% |
294,763
+118,732
| +67% | +$14.3M |
|
531
Canadian Natural Resources
CNQ
$104B
| $30.2M | 0.05% |
2,556,239
+243,545
| +11% | +$3.27M |
|
|
LOXO
532
DELISTED
Loxo Oncology, Inc
LOXO
| $30M | 0.05% |
+214,514
| New | +$32.6M |
|
|
RDUS
533
DELISTED
Radius Health, Inc.
RDUS
| $30M | 0.05% |
1,821,138
-340,486
| -16% | -$5.73M |
|
534
LKQ Corp
LKQ
$6.51B
| $30M | 0.05% |
1,262,648
+45,886
| +4% | +$1.25M |
|
535
American Financial Group
AFG
$12B
| $29.9M | 0.05% |
329,994
+187,520
| +132% | +$18.8M |
|
|
GRFS
536
Grifois
GRFS
$5.44B
| $29.7M | 0.05% |
1,618,236
+418,675
| +35% | +$8.33M |
|
|
XEC
537
DELISTED
CIMAREX ENERGY CO
XEC
| $29.7M | 0.05% |
481,221
+15,713
| +3% | +$1.29M |
|
538
PUT
Broadcom
AVGO
$1.71T
| $29.6M | 0.05% |
1,163,000
-514,000
| -31% | -$12.1M |
|
539
Exelixis
EXEL
$13.5B
| $29M | 0.05% |
1,474,325
-728,515
| -33% | -$13M |
|
540
Reliance Steel & Aluminium
RS
$19.5B
| $29M | 0.05% |
407,180
-134,491
| -25% | -$10.6M |
|
|
OPTU
541
Optimum Communications Inc
OPTU
$328M
| $28.8M | 0.04% |
1,741,622
-2,015,031
| -54% | -$35M |
|
542
Automatic Data Processing
ADP
$112B
| $28.8M | 0.04% |
219,278
-1,076,048
| -83% | -$152M |
|
|
VXX
543
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $28.7M | 0.04% |
612,500
-37,500
| -6% | -$1.39M |
|
|
FIT
544
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $28.7M | 0.04% |
5,768,023
+930,416
| +19% | +$4.8M |
|
545
Tanger
SKT
$4.47B
| $28.6M | 0.04% |
1,416,846
+326,028
| +30% | +$7.33M |
|
|
GRSHU
546
DELISTED
Gores Holdings III, Inc. Units
GRSHU
| $28.6M | 0.04% |
2,850,000
-100,000
| -3% | -$1.02M |
|
|
NUAN
547
DELISTED
Nuance Communications, Inc.
NUAN
| $28.6M | 0.04% |
2,492,825
+1,408,827
| +130% | +$19.7M |
|
548
CALL
AstraZeneca
AZN
$259B
| $28.5M | 0.04% |
375,000
-70,250
| -16% | -$5.49M |
|
549
Fortune Brands Innovations
FBIN
$5.37B
| $28.5M | 0.04% |
876,569
+388,005
| +79% | +$14.7M |
|
550
Ollie's Bargain Outlet
OLLI
$4.62B
| $28.4M | 0.04% |
427,153
+154,393
| +57% | +$12.8M |
|
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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.