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 | |
|---|---|---|---|---|---|---|
|
MXIM
301
DELISTED
Maxim Integrated Products
MXIM
| $68.9M | 0.08% |
1,221,935
+896,311
| +275% | +$54M |
|
302
Lockheed Martin
LMT
$130B
| $68.8M | 0.08% |
198,878
-199,866
| -50% | -$64.5M |
|
303
Paychex
PAYX
$44.3B
| $68.5M | 0.08% |
930,026
+180,644
| +24% | +$13M |
|
304
PepsiCo
PEP
$196B
| $68.2M | 0.08% |
609,584
-165,400
| -21% | -$18.7M |
|
|
OPTU
305
Optimum Communications Inc
OPTU
$323M
| $68.1M | 0.08% |
3,756,653
+483,439
| +15% | +$8.66M |
|
306
Smith & Nephew
SNN
$12.2B
| $68M | 0.08% |
1,833,690
+832,508
| +83% | +$30M |
|
307
Cadence Design Systems
CDNS
$87.9B
| $68M | 0.08% |
1,499,584
+487,929
| +48% | +$22.2M |
|
308
Alcoa
AA
$13.7B
| $67.6M | 0.08% |
1,672,574
+454,207
| +37% | +$19.7M |
|
309
PTC
PTC
$16.8B
| $66.9M | 0.08% |
630,032
-408,372
| -39% | -$39.9M |
|
|
SYNH
310
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $66.8M | 0.08% |
1,295,479
-307,915
| -19% | -$15.1M |
|
311
Molson Coors Class B
TAP
$8.01B
| $66.5M | 0.08% |
+1,081,270
| New | +$71.5M |
|
312
Adobe
ADBE
$109B
| $65.9M | 0.08% |
244,296
-250,677
| -51% | -$64.6M |
|
|
GRA
313
DELISTED
W.R. Grace & Co.
GRA
| $65.9M | 0.08% |
922,337
+152,033
| +20% | +$11M |
|
314
A.O. Smith
AOS
$8.57B
| $65.7M | 0.08% |
1,230,673
+317,649
| +35% | +$18.7M |
|
315
Trinity Industries
TRN
$2.37B
| $65.6M | 0.08% |
2,485,697
+747,455
| +43% | +$19.6M |
|
316
Healthcare Realty
HR
$6.65B
| $65.2M | 0.08% |
2,445,811
+41,322
| +2% | +$1.14M |
|
317
Monster Beverage
MNST
$93.6B
| $65.1M | 0.08% |
4,467,740
+69,216
| +2% | +$1.04M |
|
|
BBL
318
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $65M | 0.08% |
1,478,464
+1,087,585
| +278% | +$46.9M |
|
|
GHDX
319
DELISTED
Genomic Health, Inc.
GHDX
| $64.9M | 0.08% |
923,964
-522,286
| -36% | -$30.6M |
|
320
Illinois Tool Works
ITW
$80.4B
| $64.7M | 0.08% |
458,500
-22,022
| -5% | -$3.1M |
|
321
Simon Property Group
SPG
$70.6B
| $64.6M | 0.08% |
365,336
+137,309
| +60% | +$24.3M |
|
322
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $64.4M | 0.08% |
1,500,000
+500,000
| +50% | +$21.6M |
|
|
PFPT
323
DELISTED
Proofpoint, Inc.
PFPT
| $64.2M | 0.08% |
603,920
+306,319
| +103% | +$35.6M |
|
324
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $64.2M | 0.08% |
380,900
+46,500
| +14% | +$7.85M |
|
325
Cactus
WHD
$5.57B
| $64.1M | 0.08% |
1,673,264
+556,665
| +50% | +$19.1M |
|
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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.