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 | |
|---|---|---|---|---|---|---|
751
PUT
Visa
V
$714B
| $18.2M | 0.03% |
137,900
+51,100
| +59% | +$7.06M |
|
752
Jones Lang LaSalle
JLL
$17.8B
| $18.2M | 0.03% |
+143,670
| New | +$19.4M |
|
753
PUT
SPDR Gold Trust
GLD
$155B
| $18.2M | 0.03% |
+150,000
| New | +$17.4M |
|
754
Fomento Económico Mexicano
FMX
$41.6B
| $18.1M | 0.03% |
210,828
+73,240
| +53% | +$6.51M |
|
755
PUT
NVIDIA
NVDA
$5.05T
| $18.1M | 0.03% |
5,420,000
+1,048,000
| +24% | +$5.01M |
|
|
ESL
756
DELISTED
Esterline Technologies
ESL
| $18.1M | 0.03% |
148,913
+99,043
| +199% | +$11.4M |
|
757
Dover
DOV
$27.4B
| $18.1M | 0.03% |
254,576
-298,990
| -54% | -$24.4M |
|
758
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $17.9M | 0.03% |
710,400
+620,000
| +686% | +$16.5M |
|
759
iShares Russell 2000 ETF
IWM
$81.4B
| $17.9M | 0.03% |
+133,404
| New | +$19.9M |
|
760
Veracyte
VCYT
$3.33B
| $17.8M | 0.03% |
1,418,286
+634,597
| +81% | +$7.5M |
|
761
Equity Lifestyle Properties
ELS
$12.8B
| $17.8M | 0.03% |
366,026
-4,260
| -1% | -$206K |
|
|
DQ
762
Daqo New Energy
DQ
$976M
| $17.7M | 0.03% |
3,792,260
+1,350,595
| +55% | +$6.63M |
|
763
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $17.7M | 0.03% |
58,317
+15,189
| +35% | +$5.06M |
|
764
Simpson Manufacturing
SSD
$7.69B
| $17.6M | 0.03% |
324,244
+94,358
| +41% | +$5.54M |
|
|
VIAB
765
DELISTED
Viacom Inc. Class B
VIAB
| $17.6M | 0.03% |
682,861
+544,885
| +395% | +$16.8M |
|
766
Equitable Holdings
EQH
$13.4B
| $17.5M | 0.03% |
1,054,480
-381,352
| -27% | -$7.44M |
|
|
TWOU
767
DELISTED
2U Inc
TWOU
| $17.5M | 0.03% |
11,747
+4,090
| +53% | +$7.19M |
|
768
RPM International
RPM
$13.6B
| $17.5M | 0.03% |
297,795
-7,716
| -3% | -$473K |
|
|
CSFL
769
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $17.5M | 0.03% |
831,669
+257,839
| +45% | +$6.25M |
|
770
Advanced Micro Devices
AMD
$746B
| $17.5M | 0.03% |
946,422
-1,354,505
| -59% | -$29.3M |
|
771
Xylem
XYL
$26.7B
| $17.5M | 0.03% |
261,684
+215,224
| +463% | +$14.9M |
|
772
PUT
Delta Air Lines
DAL
$54.2B
| $17.4M | 0.03% |
349,500
+118,100
| +51% | +$6.43M |
|
|
BECN
773
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $17.4M | 0.03% |
549,055
+288,394
| +111% | +$8.9M |
|
774
Plains GP Holdings
PAGP
$5.4B
| $17.4M | 0.03% |
865,530
+155,293
| +22% | +$3.44M |
|
775
Eversource Energy
ES
$26.8B
| $17.4M | 0.03% |
267,096
+72,201
| +37% | +$4.7M |
|
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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.