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 | |
|---|---|---|---|---|---|---|
26
Cisco
CSCO
$438B
| $280M | 0.34% |
5,757,709
+3,289,076
| +133% | +$148M |
|
27
FirstEnergy
FE
$26.6B
| $278M | 0.34% |
7,485,744
+2,789,746
| +59% | +$102M |
|
28
Netflix
NFLX
$331B
| $274M | 0.34% |
7,315,100
+4,812,110
| +192% | +$175M |
|
29
Merck
MRK
$376B
| $270M | 0.33% |
3,983,679
+1,213,536
| +44% | +$77.3M |
|
30
Intuit
INTU
$100B
| $269M | 0.33% |
1,184,038
+544,077
| +85% | +$117M |
|
31
CenterPoint Energy
CNP
$25.5B
| $269M | 0.33% |
9,732,397
+6,279,767
| +182% | +$176M |
|
32
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $257M | 0.31% |
883,600
-50,900
| -5% | -$14.5M |
|
33
Boston Scientific
BSX
$73B
| $253M | 0.31% |
6,563,594
-780,380
| -11% | -$27.3M |
|
|
34
Oracle
ORCL
$422B
| $252M | 0.31% |
4,891,213
+4,685,130
| +2,273% | +$228M |
|
|
PF
35
DELISTED
Pinnacle Foods, Inc.
PF
| $250M | 0.31% |
3,861,278
+2,296,030
| +147% | +$152M |
|
36
Wells Fargo
WFC
$254B
| $235M | 0.29% |
4,477,983
+388,603
| +10% | +$22.2M |
|
37
Expedia Group
EXPE
$38.6B
| $229M | 0.28% |
1,758,360
+1,052,729
| +149% | +$137M |
|
38
Nike
NKE
$60.5B
| $224M | 0.27% |
2,641,023
+1,471,520
| +126% | +$118M |
|
39
Union Pacific
UNP
$183B
| $221M | 0.27% |
1,360,037
+316,522
| +30% | +$47.6M |
|
40
Aramark
ARMK
$15.8B
| $221M | 0.27% |
7,121,735
-1,631,267
| -19% | -$47.6M |
|
41
ConocoPhillips
COP
$162B
| $220M | 0.27% |
2,847,845
-1,437,480
| -34% | -$104M |
|
42
KeyCorp
KEY
$23.3B
| $220M | 0.27% |
11,056,519
-2,969,327
| -21% | -$61.7M |
|
|
TSS
43
DELISTED
Total System Services, Inc.
TSS
| $218M | 0.27% |
2,205,476
+2,190,279
| +14,413% | +$206M |
|
|
FDC
44
DELISTED
First Data Corporation
FDC
| $216M | 0.26% |
8,817,858
+2,635,807
| +43% | +$63.6M |
|
45
Celanese
CE
$5.14B
| $215M | 0.26% |
1,888,259
-117,499
| -6% | -$13.5M |
|
46
JPMorgan Chase
JPM
$935B
| $215M | 0.26% |
1,906,070
+1,020,120
| +115% | +$116M |
|
47
Rockwell Automation
ROK
$48.5B
| $215M | 0.26% |
1,145,524
+17,080
| +2% | +$3.06M |
|
48
Alphabet (Google) Class A
GOOGL
$4.22T
| $214M | 0.26% |
3,551,320
+697,840
| +24% | +$42.2M |
|
49
Walmart Inc
WMT
$825B
| $214M | 0.26% |
6,835,758
+4,156,395
| +155% | +$127M |
|
50
Johnson & Johnson
JNJ
$651B
| $213M | 0.26% |
1,539,235
-419,072
| -21% | -$55.7M |
|
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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.