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 | |
|---|---|---|---|---|---|---|
2251
Microchip Technology
MCHP
$40.2B
| $1.74M | ﹤0.01% |
48,460
-221,658
| -82% | -$7.83M |
|
2252
Everest Group
EG
$14.6B
| $1.74M | ﹤0.01% |
7,995
-109,087
| -93% | -$23.8M |
|
2253
SandRidge Energy
SD
$516M
| $1.74M | ﹤0.01% |
228,836
+171,512
| +299% | +$1.66M |
|
|
MNDT
2254
CALL
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $1.74M | ﹤0.01% |
+107,200
| New | +$1.93M |
|
2255
Alamo Group
ALG
$2.01B
| $1.74M | ﹤0.01% |
22,455
-36,840
| -62% | -$3.07M |
|
2256
Koppers
KOP
$876M
| $1.74M | ﹤0.01% |
101,903
-53,210
| -34% | -$1.25M |
|
2257
Tredegar Corp
TG
$271M
| $1.74M | ﹤0.01% |
+109,400
| New | +$1.95M |
|
2258
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $1.73M | ﹤0.01% |
33,503
-14,255
| -30% | -$735K |
|
2259
Ingles Markets
IMKTA
$1.59B
| $1.73M | ﹤0.01% |
63,455
+36,990
| +140% | +$1.14M |
|
|
MSC
2260
Studio City International Holdings
MSC
$341M
| $1.72M | ﹤0.01% |
+103,103
| New | +$1.86M |
|
2261
Oxford Industries
OXM
$579M
| $1.72M | ﹤0.01% |
+24,250
| New | +$1.97M |
|
2262
PUT
Gentex
GNTX
$5.03B
| $1.72M | ﹤0.01% |
85,000
-39,200
| -32% | -$821K |
|
2263
CALL
Walt Disney
DIS
$189B
| $1.71M | ﹤0.01% |
15,600
-134,400
| -90% | -$15.3M |
|
2264
PUT
Church & Dwight Co
CHD
$24.4B
| $1.71M | ﹤0.01% |
26,000
| – | – |
|
|
IPHS
2265
DELISTED
Innophos Holdings, Inc.
IPHS
| $1.71M | ﹤0.01% |
69,597
+58,950
| +554% | +$1.79M |
|
2266
Cohen & Steers
CNS
$4.28B
| $1.7M | ﹤0.01% |
+49,655
| New | +$1.84M |
|
2267
Genesco
GCO
$384M
| $1.7M | ﹤0.01% |
38,460
-61,162
| -61% | -$2.64M |
|
2268
Pentair
PNR
$10B
| $1.7M | ﹤0.01% |
45,086
+17,137
| +61% | +$693K |
|
|
SUPV
2269
Grupo Supervielle
SUPV
$770M
| $1.7M | ﹤0.01% |
195,990
+125,470
| +178% | +$1.02M |
|
|
FLOW
2270
DELISTED
SPX FLOW, Inc.
FLOW
| $1.69M | ﹤0.01% |
+55,640
| New | +$2.1M |
|
|
CZR
2271
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $1.69M | ﹤0.01% |
249,000
+179,000
| +256% | +$1.51M |
|
|
BSMX
2272
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
| $1.69M | ﹤0.01% |
273,709
+111,158
| +68% | +$747K |
|
2273
Grupo Aeroportuario del Pacifico
PAC
$12.8B
| $1.68M | ﹤0.01% |
20,620
-15,308
| -43% | -$1.29M |
|
2274
PUT
AutoZone
AZO
$49B
| $1.68M | ﹤0.01% |
+2,000
| New | +$1.6M |
|
|
COUP
2275
DELISTED
Coupa Software Incorporated
COUP
| $1.68M | ﹤0.01% |
26,653
-280,868
| -91% | -$17.8M |
|
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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.