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 | |
|---|---|---|---|---|---|---|
|
WRK
351
DELISTED
WestRock Company
WRK
| $59.2M | 0.07% |
1,107,078
-303,677
| -22% | -$17M |
|
352
CarMax
KMX
$8.82B
| $59.2M | 0.07% |
792,173
+303,581
| +62% | +$23.2M |
|
353
Sabre
SABR
$848M
| $59M | 0.07% |
2,263,163
-182,796
| -7% | -$4.69M |
|
354
Robert Half
RHI
$4.58B
| $58.7M | 0.07% |
834,138
+754,591
| +949% | +$55.3M |
|
|
VXX
355
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $58.6M | 0.07% |
2,199,000
+259,000
| +13% | +$7.78M |
|
356
Post Holdings
POST
$3.65B
| $58.6M | 0.07% |
913,385
-262,524
| -22% | -$16.1M |
|
357
Warner Bros
WBD
$71.6B
| $58.4M | 0.07% |
1,825,871
+1,047,428
| +135% | +$29.5M |
|
|
NFX
358
DELISTED
Newfield Exploration
NFX
| $58.3M | 0.07% |
2,020,837
+382,631
| +23% | +$10.8M |
|
|
WFT
359
DELISTED
Weatherford International plc
WFT
| $58.2M | 0.07% |
21,474,647
-7,769,907
| -27% | -$22.8M |
|
360
Humana
HUM
$45.5B
| $58.2M | 0.07% |
171,803
+76,707
| +81% | +$24.9M |
|
|
ESV
361
DELISTED
Ensco Rowan plc
ESV
| $58M | 0.07% |
1,718,217
-1,474,771
| -46% | -$42.2M |
|
|
JNPR
362
DELISTED
Juniper Networks
JNPR
| $57.9M | 0.07% |
1,932,635
+1,917,558
| +12,718% | +$53.6M |
|
363
Simply Good Foods
SMPL
$962M
| $57.9M | 0.07% |
2,974,541
+552,687
| +23% | +$9.61M |
|
364
Steel Dynamics
STLD
$32.8B
| $57.8M | 0.07% |
1,279,770
+1,022,942
| +398% | +$47.1M |
|
365
Duke Energy
DUK
$93.4B
| $57.7M | 0.07% |
720,892
-1,019,725
| -59% | -$82.5M |
|
366
United Parcel Service
UPS
$86.8B
| $57.1M | 0.07% |
489,055
+73,047
| +18% | +$8.6M |
|
367
Regency Centers
REG
$13.9B
| $57M | 0.07% |
881,827
-1,605,501
| -65% | -$102M |
|
|
PXD
368
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $56.8M | 0.07% |
326,300
| – | – |
|
369
Federal Realty Investment Trust
FRT
$10.1B
| $56.8M | 0.07% |
449,350
-46,767
| -9% | -$5.94M |
|
370
Ameris Bancorp
ABCB
$5.78B
| $55.9M | 0.07% |
1,223,028
+871,726
| +248% | +$43.2M |
|
371
Twilio
TWLO
$34.6B
| $55.6M | 0.07% |
644,294
-239,607
| -27% | -$17.5M |
|
372
Veeva Systems
VEEV
$40.3B
| $55.6M | 0.07% |
510,575
+273,748
| +116% | +$24.8M |
|
373
Douglas Emmett
DEI
$1.97B
| $55.4M | 0.07% |
1,468,514
+1,364,576
| +1,313% | +$53.2M |
|
374
PUT
Amazon
AMZN
$2.79T
| $55.3M | 0.07% |
552,000
+122,000
| +28% | +$11.5M |
|
375
CALL
Abbott
ABT
$202B
| $55M | 0.07% |
+750,000
| New | +$49.2M |
|
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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.