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 | |
|---|---|---|---|---|---|---|
1026
Telus
TU
$15.5B
| $11.7M | 0.02% |
707,094
+355,798
| +101% | +$6.19M |
|
|
AL
1027
DELISTED
Air Lease Corp
AL
| $11.7M | 0.02% |
387,283
-107,872
| -22% | -$4.11M |
|
1028
Huntington Ingalls Industries
HII
$11.5B
| $11.7M | 0.02% |
61,417
-37,489
| -38% | -$8.16M |
|
1029
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $11.7M | 0.02% |
134,788
+132,408
| +5,563% | +$12M |
|
1030
OneMain Financial
OMF
$7.27B
| $11.6M | 0.02% |
479,025
-505,786
| -51% | -$14.4M |
|
1031
Interactive Brokers
IBKR
$44.5B
| $11.6M | 0.02% |
848,444
-830,200
| -49% | -$11.1M |
|
1032
Cirrus Logic
CRUS
$5.58B
| $11.6M | 0.02% |
349,175
+239,918
| +220% | +$8.9M |
|
|
PACQU
1033
DELISTED
Pure Acquisition Corp. Unit
PACQU
| $11.6M | 0.02% |
1,100,000
| – | – |
|
|
TLND
1034
DELISTED
Talend S.A. American Depositary Shares
TLND
| $11.5M | 0.02% |
311,404
+121,013
| +64% | +$5.83M |
|
1035
Inspire Medical Systems
INSP
$1.77B
| $11.5M | 0.02% |
273,079
+209,048
| +326% | +$8.89M |
|
|
TECD
1036
DELISTED
Tech Data Corp
TECD
| $11.5M | 0.02% |
140,750
+113,359
| +414% | +$8.61M |
|
1037
Ascendis Pharma A/S
ASND
$16.6B
| $11.5M | 0.02% |
183,675
-32,379
| -15% | -$2.03M |
|
|
EGRX
1038
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $11.5M | 0.02% |
284,753
+273,294
| +2,385% | +$14.1M |
|
1039
Apple Hospitality REIT
APLE
$3.95B
| $11.4M | 0.02% |
802,130
-251,223
| -24% | -$3.99M |
|
|
THS
1040
DELISTED
Treehouse Foods
THS
| $11.4M | 0.02% |
225,184
+153,042
| +212% | +$7.55M |
|
|
STBZ
1041
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $11.4M | 0.02% |
527,928
+508,144
| +2,568% | +$12.7M |
|
1042
Honda
HMC
$41.3B
| $11.4M | 0.02% |
430,541
+109,513
| +34% | +$3.03M |
|
1043
American International
AIG
$39.9B
| $11.4M | 0.02% |
288,831
-196,165
| -40% | -$8.57M |
|
|
BIG
1044
DELISTED
Big Lots, Inc.
BIG
| $11.4M | 0.02% |
392,574
+379,821
| +2,978% | +$14.8M |
|
1045
Xerox
XRX
$387M
| $11.3M | 0.02% |
574,329
+340,406
| +146% | +$8.74M |
|
1046
AES
AES
$10.5B
| $11.3M | 0.02% |
784,087
+772,754
| +6,819% | +$11.6M |
|
1047
Spectrum Brands
SPB
$2.05B
| $11.3M | 0.02% |
267,169
-173,102
| -39% | -$10M |
|
1048
Yum! Brands
YUM
$42.6B
| $11.3M | 0.02% |
122,484
+73,442
| +150% | +$6.57M |
|
1049
SiriusXM
SIRI
$9.68B
| $11.2M | 0.02% |
196,851
+98,486
| +100% | +$5.99M |
|
|
SVC
1050
Service Properties Trust
SVC
$1.03B
| $11.2M | 0.02% |
94,079
+43,266
| +85% | +$5.65M |
|
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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.