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 | |
|---|---|---|---|---|---|---|
|
CAI
1876
DELISTED
CAI International, Inc.
CAI
| $3.22M | 0.01% |
138,656
+793
| +0.6% | +$18K |
|
1877
Forrester Research
FORR
$232M
| $3.22M | 0.01% |
71,972
+33,248
| +86% | +$1.42M |
|
1878
Walker & Dunlop
WD
$1.38B
| $3.21M | 0.01% |
74,341
+50,596
| +213% | +$2.33M |
|
1879
Carlyle Secured Lending
CGBD
$802M
| $3.21M | 0.01% |
258,839
+221,939
| +601% | +$3.37M |
|
1880
Covenant Logistics
CVLG
$902M
| $3.21M | 0.01% |
334,082
+150,256
| +82% | +$1.76M |
|
|
CSOD
1881
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $3.21M | 0.01% |
63,571
-111,367
| -64% | -$5.65M |
|
1882
BancFirst
BANF
$3.71B
| $3.2M | 0.01% |
64,063
-36,980
| -37% | -$2.06M |
|
1883
ArcBest
ARCB
$3.11B
| $3.19M | 0.01% |
93,200
+24,031
| +35% | +$931K |
|
|
WOW
1884
DELISTED
WideOpenWest
WOW
| $3.19M | 0.01% |
447,759
+109,168
| +32% | +$1.05M |
|
1885
Fortuna Silver Mines
FSM
$3.79B
| $3.19M | 0.01% |
876,657
+7,737
| +0.9% | +$28.6K |
|
1886
Johnson Outdoors
JOUT
$480M
| $3.18M | 0.01% |
54,190
+24,316
| +81% | +$1.74M |
|
1887
Magnachip Semiconductor
MX
$118M
| $3.18M | 0.01% |
511,951
+107,725
| +27% | +$839K |
|
|
CZZ
1888
DELISTED
Cosan Limited
CZZ
| $3.17M | ﹤0.01% |
360,727
-410,947
| -53% | -$3.31M |
|
1889
Barrett Business Services
BBSI
$828M
| $3.17M | ﹤0.01% |
221,388
-15,500
| -7% | -$251K |
|
1890
PUT
Illinois Tool Works
ITW
$80.2B
| $3.17M | ﹤0.01% |
+25,000
| New | +$3.29M |
|
|
QUOT
1891
DELISTED
Quotient Technology Inc
QUOT
| $3.16M | ﹤0.01% |
296,105
+100,556
| +51% | +$1.26M |
|
1892
Virtu Financial
VIRT
$5.92B
| $3.16M | ﹤0.01% |
+122,674
| New | +$2.96M |
|
1893
Marten Transport
MRTN
$1.18B
| $3.15M | ﹤0.01% |
292,175
-222,132
| -43% | -$2.78M |
|
|
LGF.B
1894
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $3.15M | ﹤0.01% |
211,970
+5,758
| +3% | +$104K |
|
|
JCAP
1895
DELISTED
Jernigan Capital, Inc.
JCAP
| $3.15M | ﹤0.01% |
159,083
+70,228
| +79% | +$1.43M |
|
1896
Tencent Music
TME
$14.2B
| $3.15M | ﹤0.01% |
+238,349
| New | +$3.04M |
|
|
CVON
1897
DELISTED
ConvergeOne Holdings, Inc. Class A Common Stock
CVON
| $3.15M | ﹤0.01% |
+254,245
| New | +$2.8M |
|
1898
TTEC Holdings
TTEC
$68M
| $3.15M | ﹤0.01% |
110,143
-24,408
| -18% | -$647K |
|
1899
PUT
Dollar Tree
DLTR
$24.4B
| $3.14M | ﹤0.01% |
+34,800
| New | +$2.94M |
|
|
MSGN
1900
DELISTED
MSG Networks Inc.
MSGN
| $3.13M | ﹤0.01% |
132,718
-252,624
| -66% | -$6.45M |
|
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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.