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 | |
|---|---|---|---|---|---|---|
1651
Bank of Hawaii
BOH
$3.04B
| $4.46M | 0.01% |
66,238
+61,291
| +1,239% | +$4.67M |
|
|
ATH
1652
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $4.46M | 0.01% |
111,926
+50,038
| +81% | +$2.25M |
|
1653
Lennar Class A
LEN
$20.5B
| $4.45M | 0.01% |
117,364
-2,674,507
| -96% | -$109M |
|
|
LTRPA
1654
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $4.45M | 0.01% |
279,951
-431,754
| -61% | -$6.92M |
|
|
MOR
1655
DELISTED
MorphoSys AG American Depositary Shares
MOR
| $4.45M | 0.01% |
176,176
-131,358
| -43% | -$3.45M |
|
1656
TriplePoint Venture Growth BDC
TPVG
$217M
| $4.44M | 0.01% |
408,059
-63,183
| -13% | -$775K |
|
1657
Visteon
VC
$2.72B
| $4.42M | 0.01% |
+73,375
| New | +$5.53M |
|
1658
Rapid7
RPD
$924M
| $4.42M | 0.01% |
+141,803
| New | +$4.64M |
|
1659
ProShares Ultra Silver
AGQ
$1.65B
| $4.41M | 0.01% |
167,164
-17,754
| -10% | -$419K |
|
1660
iShares Russell 1000 ETF
IWB
$49.2B
| $4.4M | 0.01% |
31,747
-19,829
| -38% | -$2.97M |
|
|
PARAA
1661
DELISTED
Paramount Global Class A
PARAA
| $4.39M | 0.01% |
100,185
+17
| +0% | +$904 |
|
1662
Synaptics
SYNA
$3.79B
| $4.38M | 0.01% |
117,742
-335,581
| -74% | -$12.6M |
|
|
CIVI
1663
DELISTED
Civitas Solutions, Inc.
CIVI
| $4.37M | 0.01% |
249,326
+164,106
| +193% | +$2.45M |
|
|
TAST
1664
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $4.35M | 0.01% |
441,927
-25,874
| -6% | -$309K |
|
|
SRDX
1665
PUT
DELISTED
Surmodics
SRDX
| $4.35M | 0.01% |
+92,000
| New | +$5.52M |
|
1666
PUT
IBM
IBM
$225B
| $4.34M | 0.01% |
39,957
+6,171
| +18% | +$741K |
|
1667
American Public Education
APEI
$847M
| $4.34M | 0.01% |
152,470
+34,817
| +30% | +$1.07M |
|
1668
CALL
Comcast
CMCSA
$94.5B
| $4.31M | 0.01% |
+126,500
| New | +$4.62M |
|
|
FFWM
1669
DELISTED
First Foundation Inc
FFWM
| $4.31M | 0.01% |
334,830
-92,389
| -22% | -$1.39M |
|
1670
PUT
O'Reilly Automotive
ORLY
$71.3B
| $4.3M | 0.01% |
187,500
+75,000
| +67% | +$1.71M |
|
|
TLRD
1671
DELISTED
Tailored Brands, Inc.
TLRD
| $4.3M | 0.01% |
315,362
-63,389
| -17% | -$1.31M |
|
|
KREF
1672
KKR Real Estate Finance Trust
KREF
$491M
| $4.3M | 0.01% |
224,412
-9,340
| -4% | -$184K |
|
1673
Bank of Marin Bancorp
BMRC
$431M
| $4.3M | 0.01% |
104,159
+1,537
| +1% | +$62.8K |
|
1674
Idexx Laboratories
IDXX
$42.9B
| $4.29M | 0.01% |
23,089
-101,917
| -82% | -$20.9M |
|
1675
Matthews International
MATW
$660M
| $4.29M | 0.01% |
105,631
-26,561
| -20% | -$1.13M |
|
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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.