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 | |
|---|---|---|---|---|---|---|
151
Bankunited
BKU
$3.3B
| $98M | 0.15% |
3,274,586
-1,546,586
| -32% | -$50.4M |
|
152
Citizens Financial Group
CFG
$29.6B
| $98M | 0.15% |
3,294,737
+2,235,677
| +211% | +$78.4M |
|
153
Alliant Energy
LNT
$17.6B
| $97.4M | 0.15% |
2,305,319
+1,156,324
| +101% | +$50.8M |
|
154
Monster Beverage
MNST
$95.8B
| $97.4M | 0.15% |
7,914,748
+3,447,008
| +77% | +$46.8M |
|
155
Twilio
TWLO
$34B
| $96.7M | 0.15% |
1,083,357
+439,063
| +68% | +$35.7M |
|
|
TSS
156
DELISTED
Total System Services, Inc.
TSS
| $96.6M | 0.15% |
1,187,732
-1,017,744
| -46% | -$90.1M |
|
157
Dollar Tree
DLTR
$25.9B
| $96.4M | 0.15% |
1,067,492
-714,780
| -40% | -$60.4M |
|
|
CTXS
158
DELISTED
Citrix Systems Inc
CTXS
| $96.1M | 0.15% |
938,097
-160,997
| -15% | -$17M |
|
|
VXX
159
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $96.1M | 0.15% |
2,049,000
-150,000
| -7% | -$5.55M |
|
160
PG&E
PCG
$39.5B
| $94.5M | 0.15% |
3,980,267
+1,599,047
| +67% | +$57.2M |
|
161
Cognizant
CTSH
$28B
| $94.4M | 0.15% |
1,487,774
+1,285,327
| +635% | +$89.4M |
|
162
TripAdvisor
TRIP
$1.21B
| $94.2M | 0.15% |
1,745,973
+1,213,215
| +228% | +$67.2M |
|
|
USG
163
DELISTED
Usg
USG
| $92.9M | 0.14% |
2,177,696
+1,853,846
| +572% | +$79.3M |
|
164
Bio-Rad Laboratories Class A
BIO
$10.1B
| $92.5M | 0.14% |
398,328
+20,503
| +5% | +$5.5M |
|
165
KeyCorp
KEY
$23.4B
| $91M | 0.14% |
6,157,525
-4,898,994
| -44% | -$86.2M |
|
166
PayPal
PYPL
$53B
| $89.7M | 0.14% |
1,066,272
+1,037,543
| +3,611% | +$86.4M |
|
167
Quanta Services
PWR
$92.7B
| $89.6M | 0.14% |
2,977,495
+380,948
| +15% | +$12.3M |
|
168
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $89M | 0.14% |
+856,800
| New | +$89.6M |
|
169
BHP
BHP
$245B
| $88.8M | 0.14% |
2,062,420
+1,654,507
| +406% | +$69.3M |
|
170
Keysight
KEYS
$53.2B
| $88.8M | 0.14% |
1,430,756
+374,288
| +35% | +$22.5M |
|
|
EA
171
DELISTED
Electronic Arts
EA
| $88.7M | 0.14% |
1,124,471
+1,016,025
| +937% | +$93.2M |
|
|
WPX
172
DELISTED
WPX Energy, Inc.
WPX
| $88.7M | 0.14% |
7,813,325
-1,172,770
| -13% | -$17.8M |
|
173
Dentsply Sirona
XRAY
$2.18B
| $88.1M | 0.14% |
2,368,848
+2,228,018
| +1,582% | +$81.1M |
|
174
First Solar
FSLR
$22.6B
| $87.7M | 0.14% |
2,065,760
+1,734,171
| +523% | +$76.1M |
|
175
Consolidated Edison
ED
$39.6B
| $87.3M | 0.14% |
1,142,312
+1,092,555
| +2,196% | +$85.5M |
|
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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.