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 | |
|---|---|---|---|---|---|---|
|
MGP
701
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $20.7M | 0.03% |
785,447
+6,975
| +0.9% | +$195K |
|
|
CTXS
702
PUT
DELISTED
Citrix Systems Inc
CTXS
| $20.5M | 0.03% |
+200,000
| New | +$21.1M |
|
703
LPL Financial
LPLA
$28.7B
| $20.4M | 0.03% |
333,390
-75,499
| -18% | -$4.6M |
|
704
CALL
NXP Semiconductors
NXPI
$56.1B
| $20.3M | 0.03% |
277,500
+31,600
| +13% | +$2.5M |
|
705
BorgWarner
BWA
$13.1B
| $20.3M | 0.03% |
663,330
+42,000
| +7% | +$1.41M |
|
|
MDR
706
DELISTED
McDermott International
MDR
| $20.3M | 0.03% |
3,101,248
+2,274,013
| +275% | +$24M |
|
707
Box
BOX
$4.64B
| $20.2M | 0.03% |
1,196,688
-964,304
| -45% | -$17.7M |
|
708
Boston Properties
BXP
$11.2B
| $20.1M | 0.03% |
178,960
-136,789
| -43% | -$16.6M |
|
709
Southern Copper
SCCO
$181B
| $20.1M | 0.03% |
713,332
+222,752
| +45% | +$7.43M |
|
710
PBF Energy
PBF
$8.24B
| $19.9M | 0.03% |
608,346
+220,976
| +57% | +$8.92M |
|
711
Pacific Biosciences
PACB
$398M
| $19.7M | 0.03% |
2,666,088
+2,343,773
| +727% | +$14.9M |
|
712
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $19.7M | 0.03% |
503,400
-996,600
| -66% | -$39.9M |
|
|
CXP
713
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $19.7M | 0.03% |
1,016,138
+345,600
| +52% | +$7.4M |
|
714
Werner Enterprises
WERN
$2.26B
| $19.6M | 0.03% |
664,213
-52,557
| -7% | -$1.71M |
|
715
Evertec
EVTC
$1.77B
| $19.6M | 0.03% |
681,435
-817,614
| -55% | -$21.4M |
|
716
Alcoa
AA
$13B
| $19.4M | 0.03% |
731,653
-940,921
| -56% | -$31.6M |
|
717
Crocs
CROX
$6.03B
| $19.4M | 0.03% |
747,889
-924
| -0.1% | -$21.6K |
|
718
PACCAR
PCAR
$68.4B
| $19.3M | 0.03% |
505,833
+109,455
| +28% | +$4.37M |
|
719
Liberty Energy
LBRT
$3.02B
| $19.3M | 0.03% |
1,487,556
+1,336,610
| +885% | +$24.2M |
|
|
DHC
720
Diversified Healthcare Trust
DHC
$1.94B
| $19.2M | 0.03% |
1,640,830
+816,414
| +99% | +$12.1M |
|
|
AGR
721
DELISTED
Avangrid, Inc.
AGR
| $19.2M | 0.03% |
383,625
+211,806
| +123% | +$10.4M |
|
722
Devon Energy
DVN
$53.1B
| $19.2M | 0.03% |
851,338
-279,372
| -25% | -$8.58M |
|
723
Aecom
ACM
$8.36B
| $19.2M | 0.03% |
723,681
+315,027
| +77% | +$9.59M |
|
|
RP
724
DELISTED
RealPage, Inc.
RP
| $19.1M | 0.03% |
397,350
-55,515
| -12% | -$2.9M |
|
|
NEX
725
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $19.1M | 0.03% |
2,330,819
-510,650
| -18% | -$5.7M |
|
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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.