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 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
EA
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.09% |
| 2 | Financials | 12.89% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.65% |
| 5 | Industrials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PHH
2551
DELISTED
PHH Corporation
PHH
| $1.63M | ﹤0.01% |
148,042
+63,124
| +74% | +$687K |
|
2552
Amphastar Pharmaceuticals
AMPH
$935M
| $1.63M | ﹤0.01% |
84,506
+45,986
| +119% | +$820K |
|
2553
El Pollo Loco
LOCO
$478M
| $1.63M | ﹤0.01% |
129,600
+109,053
| +531% | +$1.33M |
|
|
MB
2554
CALL
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $1.63M | ﹤0.01% |
40,000
+10,000
| +33% | +$391K |
|
2555
PUT
Biogen
BIIB
$32.6B
| $1.63M | ﹤0.01% |
4,600
+3,800
| +475% | +$1.31M |
|
2556
CALL
IQVIA
IQV
$42.7B
| $1.62M | ﹤0.01% |
12,500
+2,500
| +25% | +$300K |
|
2557
FS KKR Capital
FSK
$3.33B
| $1.62M | ﹤0.01% |
57,400
-153,961
| -73% | -$4.71M |
|
|
VVNT
2558
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $1.62M | ﹤0.01% |
166,000
| – | – |
|
|
ARE.PRD
2559
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
| $1.62M | ﹤0.01% |
46,627
| – | – |
|
|
PX
2560
DELISTED
Praxair Inc
PX
| $1.62M | ﹤0.01% |
10,058
+4,661
| +86% | +$749K |
|
2561
Casella Waste Systems
CWST
$5.95B
| $1.62M | ﹤0.01% |
52,013
+16,128
| +45% | +$459K |
|
2562
CALL
Teva Pharmaceuticals
TEVA
$44.4B
| $1.62M | ﹤0.01% |
75,000
-125,000
| -63% | -$2.9M |
|
2563
Western Digital
WDC
$163B
| $1.62M | ﹤0.01% |
36,515
-321,093
| -90% | -$16.3M |
|
|
TGNA
2564
DELISTED
TEGNA Inc
TGNA
| $1.61M | ﹤0.01% |
134,928
-355,830
| -73% | -$4.04M |
|
|
GAP
2565
The Gap Inc
GAP
$7.25B
| $1.6M | ﹤0.01% |
55,548
-800,322
| -94% | -$24M |
|
2566
Compass Minerals
CMP
$1.03B
| $1.6M | ﹤0.01% |
23,836
+19,177
| +412% | +$1.25M |
|
|
BERY
2567
CALL
DELISTED
Berry Global Group, Inc.
BERY
| $1.6M | ﹤0.01% |
36,046
| – | – |
|
2568
CALL
Lexicon Pharmaceuticals
LXRX
$1.04B
| $1.6M | ﹤0.01% |
150,000
-50,000
| -25% | -$573K |
|
2569
CALL
VeriSign
VRSN
$26.6B
| $1.6M | ﹤0.01% |
+10,000
| New | +$1.53M |
|
|
CHA
2570
DELISTED
China Telecom Corporation, LTD
CHA
| $1.6M | ﹤0.01% |
32,404
+15,369
| +90% | +$723K |
|
|
MTSC
2571
DELISTED
MTS Systems Corp
MTSC
| $1.6M | ﹤0.01% |
29,199
+14,231
| +95% | +$762K |
|
2572
Quad
QUAD
$526M
| $1.6M | ﹤0.01% |
76,609
-6,922
| -8% | -$149K |
|
2573
Limoneira
LMNR
$250M
| $1.6M | ﹤0.01% |
61,113
+31,939
| +109% | +$888K |
|
|
DRNA
2574
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $1.59M | ﹤0.01% |
104,414
+25,649
| +33% | +$373K |
|
2575
MACOM Technology Solutions
MTSI
$20.3B
| $1.59M | ﹤0.01% |
77,143
-69,177
| -47% | -$1.55M |
|
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Israel Englander's Q3 2018 Portfolio in Review
As of Q3 2018, Israel Englander held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 13% a quarter earlier, followed by Financials and Healthcare.
- Israel Englander's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Israel Englander added most to Andeavor in Q3 2018, an estimated $1B increase.
- Israel Englander's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Israel Englander fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Israel Englander's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Israel Englander opened 841 new positions and closed 748 in Q3 2018.
- Israel Englander's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.