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 | |
|---|---|---|---|---|---|---|
951
WIX.com
WIX
$3.6B
| $13.3M | 0.02% |
147,532
+26,802
| +22% | +$2.53M |
|
|
SFLY
952
DELISTED
Shutterfly, Inc.
SFLY
| $13.3M | 0.02% |
330,927
+227,055
| +219% | +$11.9M |
|
953
Stride
LRN
$3.56B
| $13.3M | 0.02% |
536,657
+168,897
| +46% | +$3.6M |
|
954
Four Corners Property Trust
FCPT
$2.78B
| $13.3M | 0.02% |
506,648
-867,956
| -63% | -$23M |
|
955
Ryder
R
$9.44B
| $13.2M | 0.02% |
274,721
+154,744
| +129% | +$8.87M |
|
956
Cushman & Wakefield Ltd
CWK
$3.49B
| $13.2M | 0.02% |
913,160
-728,968
| -44% | -$12.2M |
|
|
VISN
957
Vistance Networks Inc
VISN
$2.55B
| $13.2M | 0.02% |
804,599
-180,603
| -18% | -$3.83M |
|
|
PPBI
958
DELISTED
Pacific Premier Bancorp
PPBI
| $13.2M | 0.02% |
515,483
-31,049
| -6% | -$938K |
|
|
CYBR
959
DELISTED
CyberArk
CYBR
| $13.1M | 0.02% |
177,257
+100,350
| +130% | +$7.17M |
|
960
Constellium
CSTM
$3.67B
| $13.1M | 0.02% |
1,874,251
-184
| -0% | -$1.64K |
|
961
iShares MSCI Japan ETF
EWJ
$22.6B
| $13.1M | 0.02% |
+258,053
| New | +$14.2M |
|
|
ODP
962
DELISTED
ODP
ODP
| $13.1M | 0.02% |
506,795
+85,330
| +20% | +$2.44M |
|
|
CTLT
963
DELISTED
CATALENT, INC.
CTLT
| $13M | 0.02% |
417,885
+4,995
| +1% | +$193K |
|
|
AAWW
964
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $13M | 0.02% |
+308,481
| New | +$15.8M |
|
965
Workday
WDAY
$48B
| $13M | 0.02% |
81,476
+40,805
| +100% | +$5.78M |
|
966
Azenta
AZTA
$1.45B
| $13M | 0.02% |
495,964
-786,419
| -61% | -$23M |
|
|
LOGM
967
DELISTED
LogMein, Inc.
LOGM
| $13M | 0.02% |
158,790
+29,641
| +23% | +$2.5M |
|
|
HOUS
968
DELISTED
Anywhere Real Estate
HOUS
| $12.9M | 0.02% |
881,937
-28,971
| -3% | -$527K |
|
969
PUT
Chubb
CB
$132B
| $12.9M | 0.02% |
+100,000
| New | +$12.9M |
|
970
AT&T
T
$177B
| $12.9M | 0.02% |
598,571
-2,249,680
| -79% | -$52.4M |
|
971
Aflac
AFL
$58.2B
| $12.9M | 0.02% |
+283,175
| New | +$12.6M |
|
972
Workiva
WK
$4.04B
| $12.8M | 0.02% |
357,944
-48,495
| -12% | -$1.7M |
|
|
CARB
973
DELISTED
Carbonite Inc
CARB
| $12.8M | 0.02% |
506,952
+136,448
| +37% | +$4.05M |
|
974
ATI
ATI
$29.3B
| $12.8M | 0.02% |
586,660
+217,486
| +59% | +$5.64M |
|
|
FOCS
975
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $12.8M | 0.02% |
484,974
+79,822
| +20% | +$2.78M |
|
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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.