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 | |
|---|---|---|---|---|---|---|
|
CDR
1826
DELISTED
Cedar Realty Trust, Inc
CDR
| $3.46M | 0.01% |
166,825
+67,916
| +69% | +$1.65M |
|
1827
Macy's
M
$5.92B
| $3.46M | 0.01% |
116,044
+81,148
| +233% | +$2.67M |
|
1828
Grupo Aeroportuario Centro Norte
OMAB
$4.96B
| $3.45M | 0.01% |
90,641
+22,886
| +34% | +$978K |
|
1829
Sterling Infrastructure
STRL
$15.5B
| $3.44M | 0.01% |
316,225
+50,226
| +19% | +$611K |
|
|
TWO
1830
DELISTED
Two Harbors Investment
TWO
| $3.44M | 0.01% |
66,951
-72,840
| -52% | -$4.15M |
|
1831
United Microelectronic
UMC
$47.8B
| $3.44M | 0.01% |
1,920,712
+1,121,267
| +140% | +$2.15M |
|
1832
CALL
GrafTech
EAF
$194M
| $3.43M | 0.01% |
30,000
+20,000
| +200% | +$3.05M |
|
|
CTWS
1833
DELISTED
Connecticut Water Service Inc
CTWS
| $3.43M | 0.01% |
51,235
-70,383
| -58% | -$4.85M |
|
1834
PUT
International Flavors & Fragrances
IFF
$22.2B
| $3.42M | 0.01% |
+25,500
| New | +$3.53M |
|
1835
MarineMax
HZO
$1.15B
| $3.42M | 0.01% |
186,912
+66,236
| +55% | +$1.38M |
|
1836
Gates Industrial Corp
GTES
$6.68B
| $3.42M | 0.01% |
258,057
+152,221
| +144% | +$2.29M |
|
1837
iShares Core S&P Small-Cap ETF
IJR
$111B
| $3.41M | 0.01% |
49,200
-37,911
| -44% | -$2.93M |
|
|
WLL
1838
CALL
DELISTED
Whiting Petroleum Corporation
WLL
| $3.4M | 0.01% |
+2,000
| New | +$5.14M |
|
1839
Globant
GLOB
$1.73B
| $3.4M | 0.01% |
60,364
-436,630
| -88% | -$23.4M |
|
1840
Unilever
UL
$139B
| $3.39M | 0.01% |
57,606
+41,558
| +259% | +$2.5M |
|
1841
BlackLine
BL
$1.96B
| $3.38M | 0.01% |
82,665
+41,688
| +102% | +$1.77M |
|
1842
CRA International
CRAI
$1.08B
| $3.38M | 0.01% |
79,507
+7,370
| +10% | +$331K |
|
|
CARO
1843
DELISTED
Carolina Financial Corp.
CARO
| $3.38M | 0.01% |
114,054
+8,554
| +8% | +$285K |
|
1844
Watts Water Technologies
WTS
$12.4B
| $3.37M | 0.01% |
52,288
-41,019
| -44% | -$2.95M |
|
|
NLSN
1845
CALL
DELISTED
Nielsen Holdings plc
NLSN
| $3.37M | 0.01% |
144,400
+84,200
| +140% | +$2.18M |
|
|
AEL
1846
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.36M | 0.01% |
120,407
-72,661
| -38% | -$2.33M |
|
1847
SI-BONE Inc
SIBN
$861M
| $3.36M | 0.01% |
+160,936
| New | +$3.04M |
|
1848
NMI Holdings
NMIH
$3.37B
| $3.35M | 0.01% |
187,660
+24,891
| +15% | +$484K |
|
1849
CALL
Cardinal Health
CAH
$54.7B
| $3.35M | 0.01% |
75,000
-20,000
| -21% | -$1.04M |
|
1850
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.8B
| $3.34M | 0.01% |
+67,544
| New | +$3.57M |
|
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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.