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 | |
|---|---|---|---|---|---|---|
1851
PUT
Goldman Sachs
GS
$303B
| $3.34M | 0.01% |
+20,000
| New | +$4.03M |
|
1852
Star Bulk Carriers
SBLK
$3.4B
| $3.33M | 0.01% |
364,137
-109,244
| -23% | -$1.2M |
|
|
BAS
1853
DELISTED
Basis Energy Services, Inc.
BAS
| $3.33M | 0.01% |
866,492
-334,823
| -28% | -$2.45M |
|
|
ACHN
1854
DELISTED
Achillion Pharmaceuticals
ACHN
| $3.31M | 0.01% |
2,078,412
+695,443
| +50% | +$1.97M |
|
|
CBD
1855
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $3.29M | 0.01% |
158,321
+23,046
| +17% | +$492K |
|
|
PRTY
1856
DELISTED
Party City Holdco Inc.
PRTY
| $3.28M | 0.01% |
328,848
-169,475
| -34% | -$1.84M |
|
|
IMMU
1857
CALL
DELISTED
Immunomedics Inc
IMMU
| $3.28M | 0.01% |
+230,000
| New | +$4.57M |
|
1858
American States Water
AWR
$3.52B
| $3.28M | 0.01% |
48,897
+41,390
| +551% | +$2.66M |
|
1859
CALL
CVS Health
CVS
$119B
| $3.28M | 0.01% |
50,000
-65,000
| -57% | -$4.85M |
|
|
PLYA
1860
DELISTED
Playa Hotels & Resorts
PLYA
| $3.27M | 0.01% |
455,545
-339,942
| -43% | -$2.76M |
|
1861
MacroGenics
MGNX
$260M
| $3.27M | 0.01% |
257,680
+30,622
| +13% | +$514K |
|
1862
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$272M
| $3.27M | 0.01% |
16
-26
| -62% | -$3.82M |
|
1863
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.77B
| $3.26M | 0.01% |
+30,753
| New | +$4.3M |
|
|
ACR
1864
ACRES Commercial Realty
ACR
$101M
| $3.26M | 0.01% |
108,368
-10,038
| -8% | -$327K |
|
|
TEI
1865
Templeton Emerging Markets Income Fund
TEI
$322M
| $3.26M | 0.01% |
338,562
+135,306
| +67% | +$1.3M |
|
1866
Brunswick
BC
$5.03B
| $3.25M | 0.01% |
70,066
-741,361
| -91% | -$39.7M |
|
|
BPT
1867
PUT
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $3.25M | 0.01% |
+150,000
| New | +$4.31M |
|
1868
Primoris Services
PRIM
$4.15B
| $3.24M | 0.01% |
169,580
+106,293
| +168% | +$2.39M |
|
1869
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| $3.24M | 0.01% |
35,429
-365
| -1% | -$33.4K |
|
|
CVSA
1870
Covista Inc
CVSA
$4.79B
| $3.23M | 0.01% |
68,365
+11,832
| +21% | +$605K |
|
|
EVRI
1871
DELISTED
Everi Holdings
EVRI
| $3.23M | 0.01% |
628,121
-784,971
| -56% | -$5.35M |
|
1872
Enel Chile
ENIC
$6.14B
| $3.23M | 0.01% |
651,802
+387,735
| +147% | +$1.81M |
|
1873
Tilly's
TLYS
$117M
| $3.23M | 0.01% |
297,085
-155,131
| -34% | -$2.3M |
|
|
LSI
1874
DELISTED
Life Storage, Inc.
LSI
| $3.22M | 0.01% |
51,998
+37,152
| +250% | +$2.35M |
|
|
HCR
1875
PUT
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $3.22M | 0.01% |
+900,000
| New | +$6.25M |
|
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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.