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 | |
|---|---|---|---|---|---|---|
|
HIFR
1426
DELISTED
InfraREIT, Inc.
HIFR
| $6.29M | 0.01% |
299,160
-144,259
| -33% | -$3.07M |
|
1427
Ryman Hospitality Properties
RHP
$9.05B
| $6.24M | 0.01% |
93,584
-748,406
| -89% | -$56.1M |
|
1428
State Street Technology Select Sector SPDR ETF
XLK
$119B
| $6.24M | 0.01% |
201,318
-79,426
| -28% | -$2.69M |
|
|
ROIC
1429
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $6.24M | 0.01% |
392,705
+207,469
| +112% | +$3.65M |
|
|
FRGI
1430
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $6.24M | 0.01% |
402,035
+123,769
| +44% | +$2.7M |
|
|
IMPV
1431
DELISTED
Imperva, Inc.
IMPV
| $6.22M | 0.01% |
111,662
-212,856
| -66% | -$11.6M |
|
1432
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $6.22M | 0.01% |
187,180
+8,385
| +5% | +$306K |
|
1433
iShares MSCI USA Min Vol Factor ETF
USMV
$24.3B
| $6.22M | 0.01% |
118,643
+108,801
| +1,105% | +$5.98M |
|
1434
Signet Jewelers
SIG
$3.28B
| $6.21M | 0.01% |
195,614
+145,307
| +289% | +$7.29M |
|
|
SGI
1435
CALL
Somnigroup International
SGI
$13.5B
| $6.21M | 0.01% |
+600,000
| New | +$7.19M |
|
|
MOBL
1436
DELISTED
MobileIron, Inc.
MOBL
| $6.2M | 0.01% |
1,350,118
+479,706
| +55% | +$2.25M |
|
|
GBNK
1437
DELISTED
Guaranty Bancorp
GBNK
| $6.18M | 0.01% |
+297,852
| New | +$7.59M |
|
1438
KRONOS Worldwide
KRO
$994M
| $6.18M | 0.01% |
536,085
+10,415
| +2% | +$140K |
|
|
HMHC
1439
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $6.16M | 0.01% |
695,399
+404,669
| +139% | +$3.2M |
|
1440
Vishay Precision Group
VPG
$869M
| $6.16M | 0.01% |
203,591
+57,542
| +39% | +$1.89M |
|
1441
Zai Lab
ZLAB
$2.88B
| $6.15M | 0.01% |
264,724
-10,422
| -4% | -$193K |
|
1442
Commault Systems
CVLT
$5.38B
| $6.13M | 0.01% |
103,675
-54,929
| -35% | -$3.24M |
|
|
LPT
1443
DELISTED
Liberty Property Trust
LPT
| $6.12M | 0.01% |
146,043
-208,711
| -59% | -$9.01M |
|
|
TSRO
1444
DELISTED
TESARO, Inc.
TSRO
| $6.09M | 0.01% |
82,089
-1,478,672
| -95% | -$71.1M |
|
1445
PUT
ConocoPhillips
COP
$157B
| $6.08M | 0.01% |
+97,500
| New | +$6.63M |
|
|
AYR
1446
DELISTED
Aircastle Ltd
AYR
| $6.07M | 0.01% |
352,344
+239,909
| +213% | +$4.57M |
|
|
PRSP
1447
DELISTED
Perspecta Inc. Common Stock
PRSP
| $6.06M | 0.01% |
351,988
+248,354
| +240% | +$5.5M |
|
1448
Rush Enterprises Class A
RUSHA
$8.41B
| $6.04M | 0.01% |
394,198
-361,098
| -48% | -$5.77M |
|
|
ALTR
1449
DELISTED
Altair Engineering Inc
ALTR
| $6.03M | 0.01% |
218,777
-156,618
| -42% | -$5.16M |
|
1450
POSCO
PKX
$17.9B
| $6.03M | 0.01% |
109,774
+56,222
| +105% | +$3.22M |
|
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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.