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 | Consumer Discretionary | 10.83% |
| 5 | Industrials | 9.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Lumen
LUMN
$5.89B
| $87.3M | 0.14% |
5,762,976
+1,323,554
| +30% | +$25.3M |
|
177
Trane Technologies
TT
$98.5B
| $87.3M | 0.14% |
956,994
-857,535
| -47% | -$84.3M |
|
|
TRCO
178
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $86.7M | 0.14% |
1,911,022
+1,164,427
| +156% | +$47.1M |
|
179
Fidelity National Information Services
FIS
$21.5B
| $86.7M | 0.14% |
+845,382
| New | +$88.1M |
|
180
Packaging Corp of America
PKG
$22.4B
| $85.5M | 0.13% |
1,024,962
+922,736
| +903% | +$85.8M |
|
181
Stryker
SYK
$126B
| $85.5M | 0.13% |
545,495
+461,586
| +550% | +$77.2M |
|
182
Robert Half
RHI
$4.67B
| $85.4M | 0.13% |
1,492,197
+658,059
| +79% | +$40.4M |
|
183
Jack in the Box
JACK
$350M
| $85.3M | 0.13% |
1,098,625
+458,428
| +72% | +$37.3M |
|
184
M&T Bank
MTB
$35B
| $84.2M | 0.13% |
588,053
+54,194
| +10% | +$8.66M |
|
|
SBNY
185
DELISTED
Signature Bank
SBNY
| $83.7M | 0.13% |
814,447
+185,048
| +29% | +$20.8M |
|
186
Genuine Parts
GPC
$18.6B
| $82.5M | 0.13% |
859,401
+497,425
| +137% | +$49.2M |
|
187
Steel Dynamics
STLD
$33.5B
| $82.4M | 0.13% |
2,741,986
+1,462,216
| +114% | +$55.3M |
|
188
Delta Air Lines
DAL
$54.6B
| $82.3M | 0.13% |
1,649,982
+1,350,292
| +451% | +$73.5M |
|
189
DexCom
DXCM
$34.8B
| $81.5M | 0.13% |
2,719,536
-2,576,544
| -49% | -$81.7M |
|
190
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $81M | 0.13% |
2,073,200
+800,100
| +63% | +$32M |
|
|
HES
191
DELISTED
Hess
HES
| $81M | 0.13% |
1,999,102
+389,268
| +24% | +$22.2M |
|
192
LiveRamp
RAMP
$2.29B
| $80.9M | 0.13% |
+2,094,935
| New | +$94.9M |
|
|
AVB
193
DELISTED
AvalonBay Communities
AVB
| $80.6M | 0.13% |
463,069
-134,758
| -23% | -$24.3M |
|
|
WRK
194
DELISTED
WestRock Company
WRK
| $80.6M | 0.13% |
2,134,074
+1,026,996
| +93% | +$45.3M |
|
195
Veeva Systems
VEEV
$40.2B
| $80.6M | 0.13% |
902,016
+391,441
| +77% | +$35.8M |
|
|
FCB
196
DELISTED
FCB Financial Holdings, Inc.
FCB
| $80.5M | 0.13% |
2,396,478
+1,974,608
| +468% | +$77.6M |
|
197
Camden Property Trust
CPT
$10.8B
| $79.7M | 0.12% |
904,605
+147,345
| +19% | +$13.5M |
|
|
BERY
198
DELISTED
Berry Global Group, Inc.
BERY
| $79.4M | 0.12% |
1,818,799
+789,667
| +77% | +$33.7M |
|
|
WP
199
DELISTED
Worldpay, Inc.
WP
| $79.1M | 0.12% |
1,034,965
-508,949
| -33% | -$44.3M |
|
200
Waste Management
WM
$90.8B
| $78.5M | 0.12% |
882,406
-354,353
| -29% | -$31.8M |
|
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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 $4.25B 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.