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 | |
|---|---|---|---|---|---|---|
|
NTRI
1476
DELISTED
NutriSystem, Inc.
NTRI
| $5.82M | 0.01% |
132,666
-86,681
| -40% | -$3.27M |
|
|
EMBJ
1477
Embraer S.A. ADS
EMBJ
$13.5B
| $5.81M | 0.01% |
262,691
-155,647
| -37% | -$3.31M |
|
1478
Kforce
KFRC
$1.03B
| $5.81M | 0.01% |
187,841
-11,952
| -6% | -$385K |
|
|
ILPT
1479
Industrial Logistics Properties Trust
ILPT
$570M
| $5.8M | 0.01% |
+295,104
| New | +$6.3M |
|
1480
Nutanix
NTNX
$17.8B
| $5.8M | 0.01% |
139,572
-1,120,163
| -89% | -$46.3M |
|
|
ESIO
1481
DELISTED
Electro Scientific Industries
ESIO
| $5.8M | 0.01% |
193,721
-26,470
| -12% | -$657K |
|
|
MOMO
1482
Hello Group
MOMO
$847M
| $5.8M | 0.01% |
244,062
-626,409
| -72% | -$19.7M |
|
|
TYPE
1483
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $5.76M | 0.01% |
371,326
-29,602
| -7% | -$527K |
|
1484
CALL
Align Technology
ALGN
$11.4B
| $5.76M | 0.01% |
+27,500
| New | +$6.95M |
|
1485
Telefônica Brasil
VIV
$18.6B
| $5.76M | 0.01% |
482,450
-207,004
| -30% | -$2.35M |
|
1486
PUT
Ball Corp
BALL
$17.1B
| $5.75M | 0.01% |
+125,000
| New | +$5.84M |
|
|
RWGE
1487
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
| $5.71M | 0.01% |
581,500
| – | – |
|
|
CHX
1488
DELISTED
ChampionX
CHX
| $5.7M | 0.01% |
+210,527
| New | +$7.74M |
|
1489
Kadant
KAI
$3.61B
| $5.7M | 0.01% |
69,942
+64,614
| +1,213% | +$6.05M |
|
|
TRVG
1490
trivago
TRVG
$397M
| $5.7M | 0.01% |
202,316
-14,775
| -7% | -$440K |
|
1491
PetMed Express
PETS
$38.8M
| $5.69M | 0.01% |
244,718
-78,450
| -24% | -$2.09M |
|
1492
Trimble
TRMB
$13.8B
| $5.68M | 0.01% |
172,706
-167,099
| -49% | -$6.15M |
|
1493
Innoviva
INVA
$1.53B
| $5.67M | 0.01% |
324,698
+234,439
| +260% | +$3.81M |
|
1494
PUT
IPG Photonics
IPGP
$3.11B
| $5.67M | 0.01% |
+50,000
| New | +$6.65M |
|
|
GMS
1495
DELISTED
GMS Inc
GMS
| $5.66M | 0.01% |
380,952
-336,836
| -47% | -$5.91M |
|
1496
CALL
United Rentals
URI
$65.8B
| $5.64M | 0.01% |
+55,000
| New | +$6.62M |
|
|
DVAX
1497
DELISTED
Dynavax Technologies
DVAX
| $5.63M | 0.01% |
614,930
+514,736
| +514% | +$5.7M |
|
1498
KraneShares CSI China Internet ETF
KWEB
$5.2B
| $5.63M | 0.01% |
150,000
+12,000
| +9% | +$508K |
|
1499
PUT
iShares US Real Estate ETF
IYR
$4.67B
| $5.62M | 0.01% |
+75,000
| New | +$5.89M |
|
1500
Assured Guaranty
AGO
$3.35B
| $5.61M | 0.01% |
146,615
+63,307
| +76% | +$2.53M |
|
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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.