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 | |
|---|---|---|---|---|---|---|
851
Zebra Technologies
ZBRA
$17.2B
| $15.3M | 0.02% |
96,372
-2,794
| -3% | -$465K |
|
852
PUT
Comcast
CMCSA
$95.9B
| $15.3M | 0.02% |
+450,000
| New | +$16.4M |
|
853
Albany International
AIN
$1.66B
| $15.3M | 0.02% |
245,352
+29,799
| +14% | +$2.08M |
|
854
BGC Group
BGC
$5.68B
| $15.3M | 0.02% |
2,961,665
+1,404,720
| +90% | +$9.25M |
|
855
Vanda Pharmaceuticals
VNDA
$322M
| $15.3M | 0.02% |
585,864
+293,273
| +100% | +$6.9M |
|
856
SiteOne Landscape Supply
SITE
$4.16B
| $15.3M | 0.02% |
276,709
+238,257
| +620% | +$14.9M |
|
857
TechnipFMC
FTI
$29.7B
| $15.3M | 0.02% |
1,047,573
+958,620
| +1,078% | +$17.8M |
|
|
AJRD
858
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $15.2M | 0.02% |
432,575
-142,101
| -25% | -$4.84M |
|
859
PUT
Charter Communications
CHTR
$17.9B
| $15.2M | 0.02% |
53,400
+30,800
| +136% | +$9.66M |
|
860
JD.com
JD
$39.4B
| $15.2M | 0.02% |
726,111
+657,955
| +965% | +$14.7M |
|
861
IAMGOLD
IAG
$12.4B
| $15.2M | 0.02% |
4,127,930
+3,444,376
| +504% | +$12.1M |
|
862
Forum Energy Technologies
FET
$855M
| $15.2M | 0.02% |
183,904
+130,292
| +243% | +$19.7M |
|
863
CALL
Cisco
CSCO
$434B
| $15.1M | 0.02% |
+348,900
| New | +$16M |
|
864
Banco Bradesco
BBD
$34.3B
| $15.1M | 0.02% |
2,436,230
-443,656
| -15% | -$2.58M |
|
|
COWN
865
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $15M | 0.02% |
1,126,626
+147,760
| +15% | +$2.25M |
|
866
DTE Energy
DTE
$28.2B
| $15M | 0.02% |
160,017
-1,135,470
| -88% | -$111M |
|
867
Essent Group
ESNT
$6.15B
| $15M | 0.02% |
439,384
+73,915
| +20% | +$2.83M |
|
868
KT
KT
$9.03B
| $15M | 0.02% |
+1,053,197
| New | +$15.2M |
|
|
VMW
869
DELISTED
VMware, Inc
VMW
| $15M | 0.02% |
109,150
-229,500
| -68% | -$34.7M |
|
870
West Pharmaceutical
WST
$24.9B
| $14.9M | 0.02% |
151,748
+93,221
| +159% | +$10.1M |
|
871
Mercury Insurance
MCY
$5.89B
| $14.9M | 0.02% |
287,467
-42,849
| -13% | -$2.33M |
|
|
GSAH.U
872
DELISTED
GS Acquisition Holdings Corp. Units, each consisting of one share of Class A common stock and one-th
GSAH.U
| $14.9M | 0.02% |
1,450,000
-102,500
| -7% | -$1.06M |
|
873
Republic Services
RSG
$68.3B
| $14.9M | 0.02% |
206,071
-285,130
| -58% | -$20.9M |
|
874
Crown Holdings
CCK
$13B
| $14.9M | 0.02% |
357,248
+351,270
| +5,876% | +$16.2M |
|
875
Resideo Technologies
REZI
$2.93B
| $14.8M | 0.02% |
+719,536
| New | +$15.4M |
|
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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.