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 | |
|---|---|---|---|---|---|---|
201
Chord Energy
CHRD
$7.89B
| $78.4M | 0.12% |
14,174,145
+3,468,948
| +32% | +$31.5M |
|
202
Gaming and Leisure Properties
GLPI
$12.8B
| $78.1M | 0.12% |
2,417,802
-815,367
| -25% | -$27.6M |
|
203
Goldman Sachs
GS
$301B
| $78M | 0.12% |
467,071
+55,715
| +14% | +$11.2M |
|
204
Vistra
VST
$45.9B
| $77.9M | 0.12% |
3,402,091
+3,381,085
| +16,096% | +$79.7M |
|
205
Illumina
ILMN
$33B
| $77.5M | 0.12% |
265,605
-26,862
| -9% | -$8.32M |
|
206
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.85B
| $77.1M | 0.12% |
3,054,000
+2,966,000
| +3,370% | +$79.1M |
|
|
AMRN
207
Amarin Corp
AMRN
$295M
| $76.5M | 0.12% |
281,217
+175,586
| +166% | +$64M |
|
208
Pinnacle West Capital
PNW
$11.8B
| $76.1M | 0.12% |
892,800
-472,554
| -35% | -$40.7M |
|
209
CubeSmart
CUBE
$9.13B
| $75.8M | 0.12% |
2,640,480
+36,275
| +1% | +$1.07M |
|
210
Host Hotels & Resorts
HST
$15.8B
| $75.5M | 0.12% |
4,530,391
+987,505
| +28% | +$18.5M |
|
|
RDS.A
211
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $75.4M | 0.12% |
1,294,440
-678,305
| -34% | -$42.1M |
|
|
VMRK
212
Vivmark Residential
VMRK
$25.3B
| $75.2M | 0.12% |
1,139,770
+400,092
| +54% | +$26.9M |
|
213
GoDaddy
GDDY
$12.6B
| $74.6M | 0.12% |
1,136,421
-173,218
| -13% | -$11.8M |
|
214
Aramark
ARMK
$15.7B
| $74.4M | 0.12% |
3,554,947
-3,566,788
| -50% | -$92.6M |
|
215
Ligand Pharmaceuticals
LGND
$5.66B
| $74.2M | 0.12% |
876,772
+722,618
| +469% | +$77M |
|
|
MXIM
216
DELISTED
Maxim Integrated Products
MXIM
| $74.1M | 0.12% |
1,456,913
+234,978
| +19% | +$12.3M |
|
217
Masco
MAS
$14.3B
| $74M | 0.12% |
2,529,567
+1,325,964
| +110% | +$41.2M |
|
218
Ametek
AME
$55.1B
| $73.3M | 0.11% |
1,082,742
+35,796
| +3% | +$2.57M |
|
219
CALL
GE Aerospace
GE
$355B
| $73.2M | 0.11% |
2,017,929
+1,783,184
| +760% | +$80.5M |
|
220
Suncor Energy
SU
$78.7B
| $72.6M | 0.11% |
2,596,937
+1,735,387
| +201% | +$57.7M |
|
|
221
Microsoft
MSFT
$3.63T
| $72.4M | 0.11% |
712,837
-3,263,218
| -82% | -$350M |
|
222
PUT
Netflix
NFLX
$334B
| $72.2M | 0.11% |
2,697,000
+2,508,000
| +1,327% | +$75.1M |
|
223
ConocoPhillips
COP
$160B
| $71.9M | 0.11% |
1,152,576
-1,695,269
| -60% | -$115M |
|
224
HP
HPQ
$26.1B
| $71.6M | 0.11% |
3,497,565
+3,010,663
| +618% | +$70.2M |
|
225
Deere & Co
DE
$176B
| $71.3M | 0.11% |
477,964
-199,092
| -29% | -$29.2M |
|
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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.