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 | |
|---|---|---|---|---|---|---|
1401
CALL
FedEx
FDX
$78.3B
| $6.45M | 0.01% |
+40,000
| New | +$8.46M |
|
|
AAN.A
1402
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $6.43M | 0.01% |
152,928
-31,515
| -17% | -$1.33M |
|
1403
Cerus
CERS
$544M
| $6.42M | 0.01% |
1,267,355
+686,333
| +118% | +$3.98M |
|
|
BEL
1404
DELISTED
Belmond Ltd.
BEL
| $6.42M | 0.01% |
+256,651
| New | +$4.94M |
|
1405
Vanguard Total Bond Market
BND
$162B
| $6.42M | 0.01% |
81,079
+23,022
| +40% | +$1.8M |
|
|
CELG
1406
CALL
DELISTED
Celgene Corp
CELG
| $6.41M | 0.01% |
+100,000
| New | +$7.38M |
|
|
AGS
1407
DELISTED
PlayAGS
AGS
| $6.41M | 0.01% |
278,609
+166,234
| +148% | +$3.95M |
|
1408
Andersons Inc
ANDE
$2.21B
| $6.41M | 0.01% |
214,392
+77,736
| +57% | +$2.6M |
|
1409
Anika Therapeutics
ANIK
$281M
| $6.4M | 0.01% |
190,548
+99,387
| +109% | +$3.59M |
|
1410
PUT
iShares MSCI Taiwan ETF
EWT
$11.6B
| $6.4M | 0.01% |
202,500
-67,500
| -25% | -$2.24M |
|
1411
Paychex
PAYX
$44.3B
| $6.4M | 0.01% |
98,243
-831,783
| -89% | -$56.3M |
|
1412
Mercado Libre
MELI
$102B
| $6.4M | 0.01% |
+21,848
| New | +$7.08M |
|
1413
Factset
FDS
$10.4B
| $6.39M | 0.01% |
31,953
+10,893
| +52% | +$2.4M |
|
|
GOL
1414
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $6.39M | 0.01% |
+471,535
| New | +$4.76M |
|
|
SPLK
1415
PUT
DELISTED
Splunk Inc
SPLK
| $6.38M | 0.01% |
+60,800
| New | +$6.15M |
|
|
VNET
1416
VNET Group
VNET
$1.94B
| $6.37M | 0.01% |
737,052
+563,529
| +325% | +$5.58M |
|
1417
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$840M
| $6.37M | 0.01% |
300,000
| – | – |
|
1418
KB Home
KBH
$3.48B
| $6.36M | 0.01% |
333,204
-1,087,555
| -77% | -$22.3M |
|
1419
Heritage Financial
HFWA
$1.18B
| $6.34M | 0.01% |
213,281
+83,648
| +65% | +$2.74M |
|
1420
ASML
ASML
$671B
| $6.33M | 0.01% |
40,650
-11,182
| -22% | -$1.9M |
|
|
1421
CALL
iShares MSCI Taiwan ETF
EWT
$11.6B
| $6.32M | 0.01% |
200,000
| – | – |
|
1422
BlackRock TCP Capital
TCPC
$347M
| $6.32M | 0.01% |
484,972
+117,106
| +32% | +$1.63M |
|
1423
Vail Resorts
MTN
$5.24B
| $6.32M | 0.01% |
29,969
-134,022
| -82% | -$33.1M |
|
1424
Allegion
ALLE
$13.6B
| $6.31M | 0.01% |
79,186
-14,563
| -16% | -$1.26M |
|
1425
PepsiCo
PEP
$194B
| $6.29M | 0.01% |
56,941
-552,643
| -91% | -$62.3M |
|
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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.