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 | Miscellaneous | 10.87% |
| 5 | Consumer Discretionary | 10.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LJPC
1626
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $4.62M | 0.01% |
+490,273
| New | +$7.38M |
|
|
MTSC
1627
DELISTED
MTS Systems Corp
MTSC
| $4.62M | 0.01% |
115,071
+85,872
| +294% | +$4.14M |
|
|
SPN
1628
DELISTED
Superior Energy Services, Inc.
SPN
| $4.62M | 0.01% |
137,822
-176,413
| -56% | -$12.3M |
|
1629
Sea Limited
SE
$72B
| $4.62M | 0.01% |
+407,803
| New | +$5.11M |
|
1630
CALL
Centene
CNC
$32.6B
| $4.61M | 0.01% |
+80,000
| New | +$5.36M |
|
1631
Kemper
KMPR
$1.62B
| $4.61M | 0.01% |
69,440
-220,372
| -76% | -$16.1M |
|
1632
Cavco Industries
CVCO
$4.4B
| $4.61M | 0.01% |
35,337
+19,434
| +122% | +$3.51M |
|
|
VIA
1633
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $4.6M | 0.01% |
123,837
-9,064
| -7% | -$377K |
|
|
BFX
1634
DELISTED
BowFlex Inc.
BFX
| $4.59M | 0.01% |
421,035
+377,377
| +864% | +$4.72M |
|
|
TRTX
1635
TPG RE Finance Trust
TRTX
$595M
| $4.58M | 0.01% |
250,632
+145,195
| +138% | +$2.84M |
|
1636
Banco Santander Chile
BSAC
$16.5B
| $4.57M | 0.01% |
152,849
+114,745
| +301% | +$3.5M |
|
|
LGF.A
1637
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $4.56M | 0.01% |
283,233
-11,908
| -4% | -$231K |
|
|
ORTX
1638
DELISTED
Orchard Therapeutics plc American Depositary Shares
ORTX
| $4.55M | 0.01% |
+28,953
| New | +$4.32M |
|
1639
PUT
Autodesk
ADSK
$56.9B
| $4.55M | 0.01% |
35,400
-15,000
| -30% | -$2.03M |
|
1640
Abercrombie & Fitch
ANF
$6.72B
| $4.55M | 0.01% |
226,834
+192,875
| +568% | +$3.61M |
|
1641
PUT
Oracle
ORCL
$432B
| $4.54M | 0.01% |
100,600
+79,100
| +368% | +$3.79M |
|
|
SEE
1642
CALL
DELISTED
Sealed Air
SEE
| $4.53M | 0.01% |
+130,000
| New | +$4.54M |
|
1643
e.l.f. Beauty
ELF
$6.27B
| $4.53M | 0.01% |
522,510
+502,593
| +2,523% | +$5.68M |
|
1644
CALL
Albemarle
ALB
$16B
| $4.52M | 0.01% |
+58,700
| New | +$5.54M |
|
1645
Middleby
MIDD
$5.16B
| $4.52M | 0.01% |
44,003
-80,226
| -65% | -$9.13M |
|
1646
Ionis Pharmaceuticals
IONS
$10.4B
| $4.51M | 0.01% |
83,478
-44,849
| -35% | -$2.29M |
|
1647
Old Dominion Freight Line
ODFL
$41.4B
| $4.51M | 0.01% |
109,620
-220,116
| -67% | -$9.75M |
|
|
ENIA
1648
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $4.48M | 0.01% |
502,452
+309,147
| +160% | +$2.54M |
|
|
AVNS
1649
CALL
DELISTED
Avanos Medical
AVNS
| $4.48M | 0.01% |
100,000
+50,000
| +100% | +$2.62M |
|
|
CTRA
1650
PUT
DELISTED
Coterra Energy
CTRA
| $4.47M | 0.01% |
+200,000
| New | +$4.83M |
|
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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 $2.35B 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.