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 | |
|---|---|---|---|---|---|---|
1926
Planet Fitness
PLNT
$3.91B
| $3.02M | ﹤0.01% |
56,282
+21,280
| +61% | +$1.09M |
|
|
TSE
1927
DELISTED
Trinseo
TSE
| $3.02M | ﹤0.01% |
65,909
-82,623
| -56% | -$4.49M |
|
1928
Universal Electronics
UEIC
$55.4M
| $3.02M | ﹤0.01% |
119,341
+81,193
| +213% | +$2.63M |
|
1929
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.65B
| $3.01M | ﹤0.01% |
+2,386
| New | +$3.02M |
|
1930
Transportadora de Gas del Sur
TGS
$4.3B
| $3.01M | ﹤0.01% |
208,366
+78,312
| +60% | +$1.11M |
|
1931
UMB Financial
UMBF
$11B
| $3M | ﹤0.01% |
49,218
+25,559
| +108% | +$1.66M |
|
|
PNNT
1932
Pennant Park Investment Corp
PNNT
$244M
| $3M | ﹤0.01% |
471,012
+125,492
| +36% | +$892K |
|
1933
Flowers Foods
FLO
$1.48B
| $3M | ﹤0.01% |
162,310
+16,991
| +12% | +$326K |
|
|
RAVN
1934
DELISTED
Raven Industries Inc
RAVN
| $2.99M | ﹤0.01% |
+82,731
| New | +$3.44M |
|
|
BNY
1935
Bank of New York Mellon
BNY
$110B
| $2.99M | ﹤0.01% |
63,548
-791,895
| -93% | -$38.5M |
|
1936
Kiniksa Pharmaceuticals
KNSA
$6.23B
| $2.99M | ﹤0.01% |
106,406
-115,644
| -52% | -$2.41M |
|
1937
CorVel
CRVL
$3.51B
| $2.99M | ﹤0.01% |
145,254
+115,047
| +381% | +$2.35M |
|
1938
CALL
Edwards Lifesciences
EW
$51.8B
| $2.99M | ﹤0.01% |
58,500
-2,381,700
| -98% | -$121M |
|
1939
Dime Commercial Bancshares
DCOM
$1.78B
| $2.99M | ﹤0.01% |
117,154
-51,506
| -31% | -$1.5M |
|
1940
CALL
ICU Medical
ICUI
$4.38B
| $2.98M | ﹤0.01% |
13,000
-27,000
| -68% | -$6.66M |
|
|
AZRE
1941
DELISTED
Azure Power Global Limited
AZRE
| $2.98M | ﹤0.01% |
329,730
+310,865
| +1,648% | +$3.46M |
|
1942
GoPro
GPRO
$112M
| $2.97M | ﹤0.01% |
700,846
-853,911
| -55% | -$4.78M |
|
1943
Vale
VALE
$65.2B
| $2.97M | ﹤0.01% |
224,980
-354,604
| -61% | -$5.07M |
|
|
EXPR
1944
DELISTED
Express, Inc.
EXPR
| $2.97M | ﹤0.01% |
29,017
-4,548
| -14% | -$703K |
|
1945
Asbury Automotive
ABG
$3.78B
| $2.95M | ﹤0.01% |
+44,321
| New | +$2.92M |
|
1946
AudioCodes
AUDC
$247M
| $2.93M | ﹤0.01% |
296,336
+84,554
| +40% | +$906K |
|
|
VVC
1947
DELISTED
Vectren Corporation
VVC
| $2.93M | ﹤0.01% |
40,678
-110,577
| -73% | -$7.92M |
|
1948
Compañía de Minas Buenaventura
BVN
$9.22B
| $2.93M | ﹤0.01% |
180,410
-252,640
| -58% | -$3.64M |
|
1949
AZZ Inc
AZZ
$4.2B
| $2.92M | ﹤0.01% |
72,464
+37,496
| +107% | +$1.7M |
|
|
CNR
1950
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $2.92M | ﹤0.01% |
403,281
-772,015
| -66% | -$9.25M |
|
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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.