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 | |
|---|---|---|---|---|---|---|
|
BKS
1801
DELISTED
Barnes & Noble
BKS
| $3.6M | 0.01% |
+507,072
| New | +$3.39M |
|
1802
OraSure Technologies
OSUR
$254M
| $3.59M | 0.01% |
307,434
-997,825
| -76% | -$13.3M |
|
1803
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.4B
| $3.58M | 0.01% |
150,400
+94,400
| +169% | +$2.45M |
|
|
USWS
1804
DELISTED
U.S. Well Services, Inc. Class A Common Stock
USWS
| $3.56M | 0.01% |
+26,096
| New | +$4.84M |
|
|
AHT
1805
Ashford Hospitality Trust
AHT
$21.6M
| $3.56M | 0.01% |
901
+378
| +72% | +$1.89M |
|
1806
InterDigital
IDCC
$8.64B
| $3.56M | 0.01% |
+53,540
| New | +$3.9M |
|
1807
Tennant Co
TNC
$1.19B
| $3.56M | 0.01% |
68,229
+16,267
| +31% | +$993K |
|
1808
The Bancorp
TBBK
$2.71B
| $3.55M | 0.01% |
446,184
+186,015
| +71% | +$1.74M |
|
1809
Braskem
BAK
$654M
| $3.55M | 0.01% |
144,972
+83,299
| +135% | +$2.26M |
|
1810
PagSeguro Digital
PAGS
$2.46B
| $3.54M | 0.01% |
188,751
-680,436
| -78% | -$16.7M |
|
|
BXG
1811
DELISTED
Bluegreen Vacations Corporation Common Stock
BXG
| $3.53M | 0.01% |
273,073
-43,791
| -14% | -$590K |
|
1812
BWX Technologies
BWXT
$14.3B
| $3.53M | 0.01% |
+92,254
| New | +$4.58M |
|
1813
STAG Industrial
STAG
$7.15B
| $3.52M | 0.01% |
141,523
-518,514
| -79% | -$13.6M |
|
1814
Gentex
GNTX
$4.86B
| $3.52M | 0.01% |
174,100
-1,670,718
| -91% | -$35M |
|
|
VNE
1815
DELISTED
Veoneer, Inc.
VNE
| $3.52M | 0.01% |
149,200
-302,223
| -67% | -$10.6M |
|
1816
SolarEdge
SEDG
$2.06B
| $3.52M | 0.01% |
100,176
-218,324
| -69% | -$8.36M |
|
|
EQC
1817
DELISTED
Equity Commonwealth
EQC
| $3.51M | 0.01% |
+117,009
| New | +$3.56M |
|
|
DOO
1818
Bombardier Recreational Products
DOO
$4.56B
| $3.51M | 0.01% |
135,267
-153,354
| -53% | -$5.54M |
|
1819
Franklin Electric
FELE
$4.52B
| $3.49M | 0.01% |
81,377
+57,511
| +241% | +$2.49M |
|
1820
Rio Tinto
RIO
$170B
| $3.48M | 0.01% |
71,824
-374,897
| -84% | -$18.3M |
|
1821
Walmart Inc
WMT
$817B
| $3.48M | 0.01% |
111,939
-6,723,819
| -98% | -$216M |
|
1822
CALL
Tyson Foods
TSN
$19.5B
| $3.47M | 0.01% |
65,000
+40,000
| +160% | +$2.35M |
|
1823
Criteo S.A.
CRTO
$845M
| $3.47M | 0.01% |
152,750
-395,092
| -72% | -$8.85M |
|
|
DMC
1824
Del Monte Corp
DMC
$1.48B
| $3.46M | 0.01% |
122,441
+39,109
| +47% | +$1.23M |
|
|
SMTA
1825
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
| $3.46M | 0.01% |
485,086
-125,013
| -20% | -$1.27M |
|
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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.