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 | |
|---|---|---|---|---|---|---|
2301
Cullen/Frost Bankers
CFR
$10.1B
| $1.61M | ﹤0.01% |
+18,366
| New | +$1.79M |
|
2302
Lantheus
LNTH
$6.58B
| $1.61M | ﹤0.01% |
+103,217
| New | +$1.58M |
|
2303
American Superconductor
AMSC
$1.43B
| $1.61M | ﹤0.01% |
144,517
-21,302
| -13% | -$182K |
|
2304
CALL
Golar LNG
GLNG
$5.23B
| $1.61M | ﹤0.01% |
+74,000
| New | +$1.91M |
|
|
SJI
2305
DELISTED
South Jersey Industries, Inc.
SJI
| $1.61M | ﹤0.01% |
57,921
-105,145
| -64% | -$3.33M |
|
2306
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.3B
| $1.61M | ﹤0.01% |
31,005
-7,862
| -20% | -$440K |
|
|
HSKA
2307
DELISTED
Heska Corp
HSKA
| $1.61M | ﹤0.01% |
18,659
+14,326
| +331% | +$1.41M |
|
2308
Byline Bancorp
BY
$1.73B
| $1.61M | ﹤0.01% |
96,392
+64,912
| +206% | +$1.31M |
|
2309
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.54B
| $1.6M | ﹤0.01% |
+48,252
| New | +$1.69M |
|
2310
Chegg
CHGG
$87.7M
| $1.6M | ﹤0.01% |
56,289
+45,894
| +442% | +$1.24M |
|
2311
Vanguard Morningstar Growth ETF
VUG
$225B
| $1.6M | ﹤0.01% |
71,412
-38,808
| -35% | -$940K |
|
2312
CALL
Conduent
CNDT
$261M
| $1.59M | ﹤0.01% |
+150,000
| New | +$2.34M |
|
2313
Surgery Partners
SGRY
$1.84B
| $1.59M | ﹤0.01% |
+162,879
| New | +$2.19M |
|
|
AXIA
2314
DELISTED
AXIA Energia
AXIA
| $1.59M | ﹤0.01% |
316,971
+298,891
| +1,653% | +$1.42M |
|
|
PGTI
2315
DELISTED
PGT, Inc.
PGTI
| $1.59M | ﹤0.01% |
100,400
-89,014
| -47% | -$1.72M |
|
|
CRC
2316
DELISTED
California Resources Corporation
CRC
| $1.59M | ﹤0.01% |
93,378
-414,430
| -82% | -$11.8M |
|
2317
HNI Corp
HNI
$3.6B
| $1.59M | ﹤0.01% |
+44,795
| New | +$1.7M |
|
2318
Logitech
LOGI
$14.3B
| $1.58M | ﹤0.01% |
50,620
-79,460
| -61% | -$2.84M |
|
2319
iShares National Muni Bond ETF
MUB
$45.6B
| $1.58M | ﹤0.01% |
14,516
-28,025
| -66% | -$3.02M |
|
2320
Unifirst Corp
UNF
$5.21B
| $1.58M | ﹤0.01% |
11,040
-13,721
| -55% | -$2.05M |
|
2321
iShares MSCI Canada ETF
EWC
$6.91B
| $1.58M | ﹤0.01% |
65,845
+38,179
| +138% | +$1.01M |
|
2322
New Oriental
EDU
$9.19B
| $1.57M | ﹤0.01% |
28,723
-475,825
| -94% | -$27.6M |
|
|
CMBT
2323
CMB.TECH NV
CMBT
$5.12B
| $1.57M | ﹤0.01% |
227,007
-264,464
| -54% | -$2.26M |
|
2324
Strategic Education
STRA
$1.89B
| $1.57M | ﹤0.01% |
13,862
+6,963
| +101% | +$887K |
|
2325
Enterprise Financial Services Corp
EFSC
$2.29B
| $1.57M | ﹤0.01% |
41,676
-37,818
| -48% | -$1.68M |
|
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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.