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 | |
|---|---|---|---|---|---|---|
726
Teradata
TDC
$2.56B
| $19M | 0.03% |
494,354
-130,895
| -21% | -$4.79M |
|
727
Cemex
CX
$15.9B
| $18.9M | 0.03% |
3,916,823
+3,629,264
| +1,262% | +$19.4M |
|
728
CoreCivic
CXW
$3.35B
| $18.8M | 0.03% |
1,055,851
+569,811
| +117% | +$12.5M |
|
729
Portland General Electric
POR
$5.85B
| $18.8M | 0.03% |
410,332
+11,746
| +3% | +$550K |
|
730
Norwegian Cruise Line
NCLH
$7.91B
| $18.8M | 0.03% |
443,759
+122,710
| +38% | +$5.95M |
|
731
Brady Corp
BRC
$4.45B
| $18.8M | 0.03% |
432,697
+36,503
| +9% | +$1.52M |
|
732
Banco Macro
BMA
$4.9B
| $18.8M | 0.03% |
424,685
+165,379
| +64% | +$6.96M |
|
733
Reinsurance Group of America
RGA
$16B
| $18.8M | 0.03% |
133,822
+45,199
| +51% | +$6.41M |
|
|
TMX
734
DELISTED
Terminix Global Holdings, Inc.
TMX
| $18.8M | 0.03% |
510,539
-236,101
| -32% | -$9.8M |
|
|
WBS
735
DELISTED
Webster Financial
WBS
| $18.7M | 0.03% |
379,768
-152,611
| -29% | -$8.72M |
|
736
Gold Fields
GFI
$42.3B
| $18.7M | 0.03% |
5,316,097
+4,101,461
| +338% | +$12.1M |
|
|
HDS
737
DELISTED
HD Supply Holdings, Inc.
HDS
| $18.7M | 0.03% |
498,547
+477,705
| +2,292% | +$18.4M |
|
738
Gray Television
GTN
$507M
| $18.7M | 0.03% |
1,267,080
+493,675
| +64% | +$8.57M |
|
739
Helix Energy Solutions
HLX
$1.47B
| $18.7M | 0.03% |
3,448,057
-117,694
| -3% | -$959K |
|
|
DLPH
740
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $18.6M | 0.03% |
1,302,377
+438,315
| +51% | +$8.54M |
|
741
Radian Group
RDN
$4.86B
| $18.6M | 0.03% |
1,138,512
-178,980
| -14% | -$3.27M |
|
|
VGR
742
DELISTED
Vector Group Ltd.
VGR
| $18.6M | 0.03% |
2,832,817
+1,784,774
| +170% | +$15.1M |
|
|
MLNX
743
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $18.6M | 0.03% |
201,458
-156,236
| -44% | -$13.3M |
|
744
SL Green Realty
SLG
$4.15B
| $18.5M | 0.03% |
242,117
+186,982
| +339% | +$16.5M |
|
|
GLUU
745
DELISTED
Glu Mobile Inc.
GLUU
| $18.5M | 0.03% |
2,296,034
+684,258
| +42% | +$4.87M |
|
746
CarMax
KMX
$8.91B
| $18.5M | 0.03% |
295,300
-496,873
| -63% | -$32.8M |
|
747
Mid-America Apartment Communities
MAA
$15.4B
| $18.5M | 0.03% |
193,020
+33,161
| +21% | +$3.29M |
|
748
CALL
AbbVie
ABBV
$467B
| $18.4M | 0.03% |
+200,000
| New | +$17.6M |
|
749
CNO Financial Group
CNO
$5.02B
| $18.3M | 0.03% |
1,231,387
+485,857
| +65% | +$8.86M |
|
750
Jack Henry & Associates
JKHY
$12.1B
| $18.2M | 0.03% |
144,011
+89,957
| +166% | +$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.