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 | |
|---|---|---|---|---|---|---|
2176
Omnicom Group
OMC
$24.2B
| $1.94M | ﹤0.01% |
+26,450
| New | +$1.96M |
|
|
NTG
2177
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
| $1.93M | ﹤0.01% |
+15,772
| New | +$2.23M |
|
2178
PUT
Vanda Pharmaceuticals
VNDA
$328M
| $1.93M | ﹤0.01% |
73,900
+48,900
| +196% | +$1.15M |
|
|
WW
2179
PUT
DELISTED
WW International
WW
| $1.93M | ﹤0.01% |
50,000
+30,000
| +150% | +$1.65M |
|
|
AAT
2180
American Assets Trust
AAT
$1.39B
| $1.93M | ﹤0.01% |
47,937
-232,086
| -83% | -$9.04M |
|
|
TOWR
2181
DELISTED
Tower International, Inc.
TOWR
| $1.92M | ﹤0.01% |
80,825
+42,016
| +108% | +$1.15M |
|
2182
Illinois Tool Works
ITW
$80.1B
| $1.92M | ﹤0.01% |
15,182
-443,318
| -97% | -$58.4M |
|
2183
MakeMyTrip
MMYT
$5.46B
| $1.92M | ﹤0.01% |
79,036
-13,559
| -15% | -$326K |
|
|
IMGN
2184
PUT
DELISTED
Immunogen Inc
IMGN
| $1.92M | ﹤0.01% |
+400,000
| New | +$2.43M |
|
|
IVC
2185
DELISTED
Invacare Corporation
IVC
| $1.92M | ﹤0.01% |
446,071
-129,998
| -23% | -$1.15M |
|
|
HTBK
2186
DELISTED
Heritage Commerce
HTBK
| $1.92M | ﹤0.01% |
169,088
+134,144
| +384% | +$1.86M |
|
2187
PUT
Silgan Holdings
SLGN
$4.47B
| $1.92M | ﹤0.01% |
+81,100
| New | +$2.04M |
|
|
TACO
2188
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $1.91M | ﹤0.01% |
191,601
-478,572
| -71% | -$5.16M |
|
|
INSY
2189
DELISTED
Insys Therapeutics, Inc.
INSY
| $1.91M | ﹤0.01% |
545,487
+256,474
| +89% | +$1.78M |
|
2190
UGI
UGI
$8.25B
| $1.91M | ﹤0.01% |
35,739
-170,834
| -83% | -$9.5M |
|
|
CHA
2191
DELISTED
China Telecom Corporation, LTD
CHA
| $1.9M | ﹤0.01% |
37,415
+5,011
| +15% | +$252K |
|
|
BEDU
2192
DELISTED
Bright Scholar Education Holdings
BEDU
| $1.9M | ﹤0.01% |
51,482
-4,758
| -8% | -$206K |
|
2193
Eagle Bancorp
EGBN
$844M
| $1.9M | ﹤0.01% |
38,945
-546,278
| -93% | -$27.8M |
|
|
EDN
2194
Edenor
EDN
$1.03B
| $1.89M | ﹤0.01% |
69,931
-6,336
| -8% | -$155K |
|
|
SA
2195
Seabridge Gold
SA
$3.68B
| $1.89M | ﹤0.01% |
143,023
+77,723
| +119% | +$982K |
|
2196
iShares MSCI South Africa ETF
EZA
$594M
| $1.89M | ﹤0.01% |
+37,421
| New | +$1.91M |
|
|
JBGS
2197
JBG SMITH
JBGS
$706M
| $1.89M | ﹤0.01% |
+54,215
| New | +$2.04M |
|
|
CKH
2198
DELISTED
Seacor Holdings Inc.
CKH
| $1.89M | ﹤0.01% |
50,958
-61,045
| -55% | -$2.7M |
|
2199
KKR & Co
KKR
$97.8B
| $1.88M | ﹤0.01% |
+95,801
| New | +$2.19M |
|
|
TCO
2200
DELISTED
Taubman Centers Inc.
TCO
| $1.88M | ﹤0.01% |
41,355
-130,376
| -76% | -$6.84M |
|
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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.