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 | |
|---|---|---|---|---|---|---|
1751
Advanced Drainage Systems
WMS
$10.5B
| $3.83M | 0.01% |
157,802
+7,540
| +5% | +$203K |
|
1752
Service Corp International
SCI
$11.4B
| $3.82M | 0.01% |
94,982
+64,421
| +211% | +$2.8M |
|
|
TVPT
1753
DELISTED
Travelport Worldwide Limited
TVPT
| $3.81M | 0.01% |
244,188
-400,893
| -62% | -$6.11M |
|
1754
WesBanco
WSBC
$3.88B
| $3.81M | 0.01% |
103,814
+26,086
| +34% | +$1.06M |
|
1755
Dillards
DDS
$9.85B
| $3.81M | 0.01% |
63,140
-245,831
| -80% | -$16.9M |
|
1756
MasterCraft Boat Holdings
MCFT
$586M
| $3.8M | 0.01% |
203,263
-142,680
| -41% | -$3.97M |
|
|
ESPR
1757
DELISTED
Esperion Therapeutics
ESPR
| $3.8M | 0.01% |
82,536
+50,599
| +158% | +$2.44M |
|
1758
Adtran
ADTN
$635M
| $3.79M | 0.01% |
352,870
+154,189
| +78% | +$2.1M |
|
1759
Customers Bancorp
CUBI
$2.67B
| $3.79M | 0.01% |
208,105
+181,414
| +680% | +$3.63M |
|
|
CHU
1760
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $3.78M | 0.01% |
354,883
-39,617
| -10% | -$441K |
|
|
FOMX
1761
DELISTED
Foamix Pharmaceuticals Ltd. Ordinary Shares
FOMX
| $3.78M | 0.01% |
1,052,741
-100,387
| -9% | -$437K |
|
1762
iShares MSCI Philippines ETF
EPHE
$151M
| $3.77M | 0.01% |
118,272
+108,939
| +1,167% | +$3.32M |
|
|
AVNS
1763
DELISTED
Avanos Medical
AVNS
| $3.77M | 0.01% |
84,147
-27,898
| -25% | -$1.46M |
|
|
SHI
1764
DELISTED
Sinopec Shanghai Petrochemical Co., Ltd.
SHI
| $3.77M | 0.01% |
87,326
+44,641
| +105% | +$2.09M |
|
1765
Hercules Capital
HTGC
$3.28B
| $3.77M | 0.01% |
340,936
+30,175
| +10% | +$368K |
|
|
PDCO
1766
DELISTED
Patterson Companies, Inc.
PDCO
| $3.76M | 0.01% |
191,238
-730,373
| -79% | -$17.1M |
|
1767
Perdoceo Education
PRDO
$2.12B
| $3.75M | 0.01% |
328,706
+519
| +0.2% | +$6.89K |
|
1768
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $3.75M | 0.01% |
81,370
+3,956
| +5% | +$210K |
|
1769
CALL
iShares US Real Estate ETF
IYR
$4.6B
| $3.75M | 0.01% |
+50,000
| New | +$3.93M |
|
1770
CALL
UnitedHealth
UNH
$355B
| $3.74M | 0.01% |
+15,000
| New | +$3.96M |
|
1771
Ethan Allen Interiors
ETD
$596M
| $3.73M | 0.01% |
212,182
+145,988
| +221% | +$2.87M |
|
|
I
1772
DELISTED
INTELSAT S. A.
I
| $3.73M | 0.01% |
174,497
+132,943
| +320% | +$3.59M |
|
|
PS
1773
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $3.73M | 0.01% |
158,325
+96,080
| +154% | +$2.22M |
|
1774
PUT
American Airlines Group
AAL
$9.08B
| $3.72M | 0.01% |
115,900
-52,200
| -31% | -$1.82M |
|
1775
Columbus McKinnon
CMCO
$531M
| $3.72M | 0.01% |
123,494
+54,447
| +79% | +$1.85M |
|
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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.