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 | |
|---|---|---|---|---|---|---|
|
RUTH
1901
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $3.11M | ﹤0.01% |
136,976
+114,231
| +502% | +$3.02M |
|
1902
Comtech Telecommunications
CMTL
$52.4M
| $3.11M | ﹤0.01% |
127,868
+57,683
| +82% | +$1.62M |
|
1903
Five Point Holdings
FPH
$366M
| $3.11M | ﹤0.01% |
448,141
-59,055
| -12% | -$466K |
|
|
MGLN
1904
DELISTED
Magellan Health Services, Inc.
MGLN
| $3.1M | ﹤0.01% |
54,577
-108,575
| -67% | -$6.7M |
|
1905
Diamondrock Hospitality Co
DRH
$2.6B
| $3.1M | ﹤0.01% |
+341,591
| New | +$3.52M |
|
1906
SouthState Bank Corp
SSB
$10.3B
| $3.1M | ﹤0.01% |
+51,718
| New | +$3.59M |
|
|
SHYF
1907
DELISTED
The Shyft Group
SHYF
| $3.1M | ﹤0.01% |
428,369
+283,529
| +196% | +$2.64M |
|
1908
Talos Energy
TALO
$2.79B
| $3.09M | ﹤0.01% |
189,379
+7,827
| +4% | +$185K |
|
1909
Compass Minerals
CMP
$1.05B
| $3.08M | ﹤0.01% |
73,933
+50,097
| +210% | +$2.64M |
|
1910
Oneok
OKE
$59.7B
| $3.08M | ﹤0.01% |
57,014
-2,160,874
| -97% | -$134M |
|
|
FOLD
1911
DELISTED
Amicus Therapeutics
FOLD
| $3.08M | ﹤0.01% |
+320,935
| New | +$3.53M |
|
|
ARYAU
1912
DELISTED
ARYA Sciences Acquisiton Corp. Unit
ARYAU
| $3.07M | ﹤0.01% |
+300,000
| New | +$3.09M |
|
1913
Marvell Technology
MRVL
$217B
| $3.07M | ﹤0.01% |
189,678
-2,444,122
| -93% | -$40.5M |
|
1914
Rambus
RMBS
$9.88B
| $3.07M | ﹤0.01% |
400,453
+191,155
| +91% | +$1.66M |
|
|
FRC
1915
DELISTED
First Republic Bank
FRC
| $3.07M | ﹤0.01% |
35,330
-197,936
| -85% | -$18.1M |
|
1916
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.49B
| $3.06M | ﹤0.01% |
63,739
+2,140
| +3% | +$102K |
|
1917
Insteel Industries
IIIN
$593M
| $3.06M | ﹤0.01% |
126,011
-123,714
| -50% | -$3.44M |
|
|
SLCA
1918
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $3.05M | ﹤0.01% |
+300,000
| New | +$4.38M |
|
|
BFS
1919
Saul Centers
BFS
$827M
| $3.04M | ﹤0.01% |
64,394
+40,692
| +172% | +$2.08M |
|
1920
VEON
VEON
$4.16B
| $3.04M | ﹤0.01% |
51,936
+20,010
| +63% | +$1.35M |
|
|
SMAR
1921
DELISTED
Smartsheet Inc.
SMAR
| $3.04M | ﹤0.01% |
122,175
-16,698
| -12% | -$415K |
|
1922
Hooker Furnishings Corp
HOFT
$145M
| $3.03M | ﹤0.01% |
115,039
+30,136
| +35% | +$898K |
|
1923
Tenet Healthcare
THC
$21.6B
| $3.03M | ﹤0.01% |
176,633
-298,103
| -63% | -$7.21M |
|
|
FLIC
1924
DELISTED
First of Long Island Corp
FLIC
| $3.03M | ﹤0.01% |
151,687
-83,389
| -35% | -$1.71M |
|
1925
General Dynamics
GD
$103B
| $3.02M | ﹤0.01% |
19,234
-29,918
| -61% | -$5.36M |
|
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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.