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 | |
|---|---|---|---|---|---|---|
126
Agilent Technologies
A
$44.9B
| $110M | 0.17% |
1,631,781
-652,598
| -29% | -$43.9M |
|
127
State Street
STT
$51.4B
| $110M | 0.17% |
1,742,133
+38,085
| +2% | +$2.73M |
|
128
Petrobras Class A
PBR.A
$111B
| $110M | 0.17% |
9,457,763
+5,814,425
| +160% | +$75.9M |
|
129
The Mosaic Company
MOS
$7.76B
| $109M | 0.17% |
3,744,249
+3,049,952
| +439% | +$100M |
|
130
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $109M | 0.17% |
814,500
+433,600
| +114% | +$64.7M |
|
|
TWTR
131
DELISTED
Twitter, Inc.
TWTR
| $109M | 0.17% |
+3,791,242
| New | +$119M |
|
132
Nucor
NUE
$55.3B
| $107M | 0.17% |
2,073,142
+1,511,854
| +269% | +$89.4M |
|
133
Graphic Packaging
GPK
$3.54B
| $107M | 0.17% |
10,075,903
+4,042,963
| +67% | +$47.3M |
|
134
Pultegroup
PHM
$24.6B
| $107M | 0.17% |
4,102,101
+714,629
| +21% | +$17.7M |
|
|
UMPQ
135
DELISTED
Umpqua Holdings Corp
UMPQ
| $105M | 0.16% |
6,632,396
-754,225
| -10% | -$14.2M |
|
136
Estee Lauder
EL
$36.9B
| $105M | 0.16% |
809,688
+661,151
| +445% | +$89.8M |
|
|
IDTI
137
DELISTED
Integrated Device Technology I
IDTI
| $105M | 0.16% |
2,173,671
+1,974,205
| +990% | +$93.2M |
|
138
Royal Caribbean
RCL
$78.1B
| $105M | 0.16% |
1,076,112
-38,905
| -3% | -$4.26M |
|
139
Archer Daniels Midland
ADM
$38.7B
| $105M | 0.16% |
2,566,487
-639,729
| -20% | -$29.8M |
|
140
CF Industries
CF
$19.6B
| $104M | 0.16% |
2,398,918
-125,191
| -5% | -$5.87M |
|
141
EOG Resources
EOG
$80.3B
| $103M | 0.16% |
1,184,709
-28,792
| -2% | -$3.08M |
|
142
Cheniere Energy
LNG
$57.3B
| $102M | 0.16% |
1,725,271
+1,448,922
| +524% | +$89.2M |
|
|
STOR
143
DELISTED
STORE Capital Corporation
STOR
| $102M | 0.16% |
3,606,817
+2,765,268
| +329% | +$80.6M |
|
144
Restaurant Brands International
QSR
$28.2B
| $102M | 0.16% |
1,942,750
+472,955
| +32% | +$26.3M |
|
145
VeriSign
VRSN
$25.5B
| $101M | 0.16% |
683,814
+215,359
| +46% | +$32.3M |
|
|
P
146
DELISTED
Pandora Media Inc
P
| $101M | 0.16% |
12,504,210
+12,340,482
| +7,537% | +$107M |
|
147
Corning
GLW
$129B
| $101M | 0.16% |
3,329,159
+3,164,878
| +1,927% | +$101M |
|
148
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $99.4M | 0.15% |
1,902,000
+426,000
| +29% | +$23M |
|
|
SNV
149
DELISTED
Synovus
SNV
| $98.9M | 0.15% |
3,091,999
-839,552
| -21% | -$31.7M |
|
150
Las Vegas Sands
LVS
$30.5B
| $98.5M | 0.15% |
1,893,134
-598,861
| -24% | -$32.5M |
|
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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.