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 | |
|---|---|---|---|---|---|---|
51
Sherwin-Williams
SHW
$84.1B
| $187M | 0.29% |
1,428,333
+618,798
| +76% | +$83.5M |
|
52
NXP Semiconductors
NXPI
$56.9B
| $187M | 0.29% |
2,546,783
+1,544,688
| +154% | +$122M |
|
53
Phillips 66
PSX
$96.9B
| $184M | 0.29% |
2,141,445
+811,879
| +61% | +$79.3M |
|
54
PUT
Invesco QQQ Trust
QQQ
$486B
| $181M | 0.28% |
1,170,900
+44,300
| +4% | +$7.41M |
|
55
Advance Auto Parts
AAP
$2.57B
| $178M | 0.28% |
1,133,535
+286,679
| +34% | +$47.9M |
|
56
Amgen
AMGN
$238B
| $178M | 0.28% |
913,885
+505,244
| +124% | +$98.6M |
|
57
AutoZone
AZO
$48.3B
| $178M | 0.28% |
212,192
+177,997
| +521% | +$143M |
|
58
Eli Lilly
LLY
$1.12T
| $174M | 0.27% |
1,499,619
+697,472
| +87% | +$77.9M |
|
59
PUT
Apple
AAPL
$4.51T
| $173M | 0.27% |
4,397,600
+3,730,000
| +559% | +$181M |
|
|
MRO
60
DELISTED
Marathon Oil Corporation
MRO
| $169M | 0.26% |
11,788,366
-1,407,720
| -11% | -$25.1M |
|
61
Tyson Foods
TSN
$20.6B
| $168M | 0.26% |
3,143,069
+1,004,914
| +47% | +$59.1M |
|
62
Cisco
CSCO
$438B
| $168M | 0.26% |
3,865,985
-1,891,724
| -33% | -$86.6M |
|
63
Boston Scientific
BSX
$73B
| $166M | 0.26% |
4,690,852
-1,872,742
| -29% | -$67.9M |
|
64
Crown Castle
CCI
$32.1B
| $165M | 0.26% |
1,521,145
+1,155,797
| +316% | +$127M |
|
65
Public Service Enterprise Group
PEG
$36.2B
| $164M | 0.26% |
3,152,609
+104,990
| +3% | +$5.65M |
|
66
Nike
NKE
$60.5B
| $163M | 0.25% |
2,192,011
-449,012
| -17% | -$33.6M |
|
67
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $160M | 0.25% |
1,195,100
+1,011,400
| +551% | +$151M |
|
68
Zions Bancorporation
ZION
$9.95B
| $159M | 0.25% |
3,913,496
+2,376,929
| +155% | +$111M |
|
69
Expedia Group
EXPE
$38.6B
| $159M | 0.25% |
1,411,212
-347,148
| -20% | -$41.5M |
|
70
Medtronic
MDT
$119B
| $159M | 0.25% |
1,743,783
-1,755,570
| -50% | -$164M |
|
71
Carnival Corporation Ltd
CCL
$35.2B
| $157M | 0.25% |
3,191,587
+2,057,923
| +182% | +$118M |
|
72
Capital One
COF
$134B
| $157M | 0.24% |
2,072,827
+828,766
| +67% | +$71.8M |
|
73
Rockwell Automation
ROK
$48.5B
| $156M | 0.24% |
1,034,286
-111,238
| -10% | -$18.6M |
|
|
RTN
74
DELISTED
Raytheon Company
RTN
| $154M | 0.24% |
1,004,199
+706,918
| +238% | +$127M |
|
75
Texas Instruments
TXN
$241B
| $153M | 0.24% |
1,623,057
+262,804
| +19% | +$25.4M |
|
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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.