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 | |
|---|---|---|---|---|---|---|
|
CELG
276
DELISTED
Celgene Corp
CELG
| $72.8M | 0.09% |
813,167
-307,591
| -27% | -$27.2M |
|
277
eBay
EBAY
$46.3B
| $72.6M | 0.09% |
2,198,043
-1,409,566
| -39% | -$48.8M |
|
278
Ryman Hospitality Properties
RHP
$8.86B
| $72.6M | 0.09% |
841,990
-48,038
| -5% | -$4.1M |
|
279
Carnival Corporation Ltd
CCL
$35.2B
| $72.3M | 0.09% |
1,133,664
+937,884
| +479% | +$56.9M |
|
|
SBNY
280
DELISTED
Signature Bank
SBNY
| $72.3M | 0.09% |
629,399
-214,416
| -25% | -$25.3M |
|
281
AT&T
T
$173B
| $72.2M | 0.09% |
2,848,251
-2,558,772
| -47% | -$62.7M |
|
282
Conagra Brands
CAG
$7.89B
| $72.2M | 0.09% |
2,125,145
-2,427,408
| -53% | -$88.7M |
|
283
American Homes 4 Rent
AMH
$12.4B
| $72.2M | 0.09% |
3,297,594
+1,740,180
| +112% | +$39.3M |
|
284
Dollar General
DG
$27.2B
| $72.1M | 0.09% |
659,299
-686,278
| -51% | -$71.3M |
|
285
Eagle Materials
EXP
$6.35B
| $71.7M | 0.09% |
841,629
+647,172
| +333% | +$62.8M |
|
286
NVR
NVR
$16.9B
| $71.7M | 0.09% |
29,033
+25,586
| +742% | +$70.6M |
|
287
Ameriprise Financial
AMP
$49.1B
| $71.5M | 0.09% |
484,115
+11,802
| +2% | +$1.69M |
|
288
Tapestry
TPR
$26B
| $71.3M | 0.09% |
1,419,083
+1,348,320
| +1,905% | +$66M |
|
289
Incyte
INCY
$25.9B
| $71.3M | 0.09% |
1,032,359
-52,674
| -5% | -$3.62M |
|
290
Advanced Micro Devices
AMD
$773B
| $71.1M | 0.09% |
2,300,927
-3,287,756
| -59% | -$74.2M |
|
291
Camden Property Trust
CPT
$10.8B
| $70.9M | 0.09% |
757,260
+36,294
| +5% | +$3.37M |
|
292
Caesars Entertainment
CZR
$6.06B
| $70.9M | 0.09% |
1,457,916
-367,666
| -20% | -$16.7M |
|
293
iRhythm Holdings
IRTC
$4.24B
| $70.8M | 0.09% |
748,179
+21,342
| +3% | +$1.86M |
|
294
Popular Inc
BPOP
$10.8B
| $70.7M | 0.09% |
1,379,225
+249,202
| +22% | +$12.4M |
|
295
TSMC
TSM
$2.17T
| $70.6M | 0.09% |
1,599,775
+1,572,231
| +5,708% | +$65.1M |
|
296
Revvity
RVTY
$13.9B
| $70.6M | 0.09% |
725,393
+702,908
| +3,126% | +$60.4M |
|
297
Pacira BioSciences
PCRX
$983M
| $70.2M | 0.09% |
1,428,970
+376,467
| +36% | +$16.3M |
|
298
General Motors
GM
$77.2B
| $70M | 0.09% |
2,080,471
-658,174
| -24% | -$24.2M |
|
299
Keysight
KEYS
$53.8B
| $70M | 0.09% |
1,056,468
-149,803
| -12% | -$9.3M |
|
300
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $69.1M | 0.08% |
1,613,100
-179,200
| -10% | -$7.59M |
|
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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.