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 | |
|---|---|---|---|---|---|---|
|
INFO
326
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $63.8M | 0.08% |
+1,182,819
| New | +$63.6M |
|
327
Jacobs Solutions
J
$17.6B
| $63.8M | 0.08% |
1,008,580
-602,903
| -37% | -$35.4M |
|
328
Petrobras
PBR
$123B
| $63.7M | 0.08% |
5,281,415
+5,245,229
| +14,495% | +$58.2M |
|
|
ORIG
329
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $63.6M | 0.08% |
1,835,785
+1,414,083
| +335% | +$40.8M |
|
|
CXO
330
DELISTED
CONCHO RESOURCES INC.
CXO
| $63.5M | 0.08% |
415,775
-788,290
| -65% | -$111M |
|
331
Axalta
AXTA
$7.75B
| $63.1M | 0.08% |
2,163,591
-1,573,319
| -42% | -$47.2M |
|
332
Meta Platforms (Facebook)
META
$1.4T
| $62.9M | 0.08% |
382,742
-1,002,297
| -72% | -$181M |
|
|
ZGNX
333
DELISTED
Zogenix, Inc.
ZGNX
| $62.2M | 0.08% |
1,253,554
+803,383
| +178% | +$40.9M |
|
|
STL
334
DELISTED
Sterling Bancorp
STL
| $62.1M | 0.08% |
2,820,753
+396,242
| +16% | +$9.02M |
|
335
Altria Group
MO
$110B
| $62M | 0.08% |
1,027,453
+747,241
| +267% | +$44.4M |
|
336
Huntsman Corp
HUN
$1.75B
| $61.9M | 0.08% |
2,274,038
+254,729
| +13% | +$7.76M |
|
|
CZR
337
DELISTED
Caesars Entertainment Corporation
CZR
| $61.5M | 0.08% |
6,002,650
+946,528
| +19% | +$9.96M |
|
|
RTN
338
DELISTED
Raytheon Company
RTN
| $61.4M | 0.08% |
297,281
-53,933
| -15% | -$10.7M |
|
339
RH
RH
$2.9B
| $61.1M | 0.07% |
466,075
+342,775
| +278% | +$48.1M |
|
|
SCHW
340
Charles Schwab
SCHW
$194B
| $61.1M | 0.07% |
1,242,311
+1,169,533
| +1,607% | +$59.7M |
|
|
TSRO
341
DELISTED
TESARO, Inc.
TSRO
| $60.9M | 0.07% |
1,560,761
+1,364,520
| +695% | +$48.2M |
|
342
S&P Global
SPGI
$127B
| $60.8M | 0.07% |
310,922
-263,085
| -46% | -$54.3M |
|
343
Lear
LEA
$8.56B
| $60.5M | 0.07% |
417,583
+325,082
| +351% | +$55.7M |
|
344
Northrop Grumman
NOC
$78.3B
| $60.4M | 0.07% |
190,265
-410,716
| -68% | -$125M |
|
|
LLL
345
DELISTED
L3 Technologies, Inc.
LLL
| $60.3M | 0.07% |
283,706
-254,536
| -47% | -$53M |
|
|
AMTD
346
DELISTED
TD Ameritrade Holding Corp
AMTD
| $60.1M | 0.07% |
1,137,824
+805,388
| +242% | +$45.8M |
|
347
First Hawaiian
FHB
$3.2B
| $59.9M | 0.07% |
2,206,686
+1,194,530
| +118% | +$34.2M |
|
|
NEWR
348
DELISTED
New Relic, Inc.
NEWR
| $59.8M | 0.07% |
634,585
+99,285
| +19% | +$10.3M |
|
349
ManpowerGroup
MAN
$2.86B
| $59.4M | 0.07% |
690,798
-30,817
| -4% | -$2.74M |
|
350
Evolent Health
EVH
$536M
| $59.2M | 0.07% |
2,084,056
-1,002,688
| -32% | -$23.9M |
|
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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.