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 | |
|---|---|---|---|---|---|---|
2151
Lattice Semiconductor
LSCC
$17.1B
| $2.01M | ﹤0.01% |
290,732
-1,784,787
| -86% | -$12M |
|
|
SNR
2152
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $2.01M | ﹤0.01% |
488,266
+414,677
| +564% | +$2.18M |
|
|
HI
2153
DELISTED
Hillenbrand
HI
| $2.01M | ﹤0.01% |
53,014
+22,665
| +75% | +$1.04M |
|
2154
Pinduoduo
PDD
$121B
| $2.01M | ﹤0.01% |
89,460
+73,453
| +459% | +$1.55M |
|
2155
iShares MSCI USA Momentum Factor ETF
MTUM
$24.7B
| $2M | ﹤0.01% |
+20,000
| New | +$2.14M |
|
2156
Regional Management Corp
RM
$301M
| $2M | ﹤0.01% |
83,297
+25,687
| +45% | +$697K |
|
2157
Accel Entertainment
ACEL
$949M
| $2M | ﹤0.01% |
200,000
| – | – |
|
|
OPLN
2158
Openlane
OPLN
$4.33B
| $2M | ﹤0.01% |
110,528
-22,404
| -17% | -$465K |
|
2159
Tenable Holdings
TENB
$4.14B
| $2M | ﹤0.01% |
+89,931
| New | +$2.55M |
|
2160
Protolabs
PRLB
$1.91B
| $2M | ﹤0.01% |
+17,690
| New | +$2.18M |
|
2161
MGE Energy Inc
MGEE
$2.96B
| $1.99M | ﹤0.01% |
+33,167
| New | +$2.11M |
|
2162
CALL
Wynn Resorts
WYNN
$9.64B
| $1.99M | ﹤0.01% |
20,100
+100
| +0.5% | +$10.8K |
|
2163
CALL
Williams Companies
WMB
$90.7B
| $1.99M | ﹤0.01% |
+90,000
| New | +$2.25M |
|
|
INOV
2164
CALL
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $1.99M | ﹤0.01% |
+140,000
| New | +$1.6M |
|
2165
Mistras Group
MG
$612M
| $1.98M | ﹤0.01% |
137,822
-61,640
| -31% | -$1.08M |
|
2166
New Mountain Finance
NMFC
$719M
| $1.98M | ﹤0.01% |
157,484
+23,210
| +17% | +$307K |
|
|
EXK
2167
Endeavour Silver
EXK
$3.35B
| $1.98M | ﹤0.01% |
+919,661
| New | +$1.93M |
|
|
EGOV
2168
DELISTED
NIC Inc
EGOV
| $1.98M | ﹤0.01% |
158,346
-711,446
| -82% | -$9.49M |
|
2169
PUT
Baxter International
BAX
$13.4B
| $1.98M | ﹤0.01% |
30,000
-120,000
| -80% | -$8.06M |
|
|
VCRA
2170
PUT
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $1.97M | ﹤0.01% |
+50,000
| New | +$1.81M |
|
2171
Cincinnati Financial
CINF
$26.5B
| $1.97M | ﹤0.01% |
+25,378
| New | +$1.97M |
|
|
LBAI
2172
DELISTED
Lakeland Bancorp Inc
LBAI
| $1.94M | ﹤0.01% |
131,184
+7,703
| +6% | +$124K |
|
2173
CALL
Jack in the Box
JACK
$306M
| $1.94M | ﹤0.01% |
+25,000
| New | +$2.03M |
|
|
ORC
2174
Orchid Island Capital
ORC
$1.34B
| $1.94M | ﹤0.01% |
60,766
+56,248
| +1,245% | +$1.87M |
|
2175
Neogen
NEOG
$2.56B
| $1.94M | ﹤0.01% |
67,970
+45,692
| +205% | +$1.43M |
|
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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.