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 | |
|---|---|---|---|---|---|---|
476
Lam Research
LRCX
$393B
| $43M | 0.05% |
2,833,740
+1,059,080
| +60% | +$18.1M |
|
477
SBA Communications
SBAC
$19.4B
| $42.9M | 0.05% |
267,350
-13,009
| -5% | -$2.07M |
|
|
BKI
478
DELISTED
Black Knight, Inc. Common Stock
BKI
| $42.7M | 0.05% |
822,498
+83,433
| +11% | +$4.47M |
|
479
Regeneron Pharmaceuticals
REGN
$85.9B
| $42.7M | 0.05% |
105,589
+32,674
| +45% | +$12.4M |
|
480
East-West Bancorp
EWBC
$17.8B
| $42.4M | 0.05% |
702,672
+648,077
| +1,187% | +$41.6M |
|
481
STAAR Surgical
STAA
$1.16B
| $42.4M | 0.05% |
882,493
+294,892
| +50% | +$12.1M |
|
|
ZAYO
482
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $42M | 0.05% |
1,208,653
+623,802
| +107% | +$22.8M |
|
|
FTSI
483
DELISTED
FTS International, Inc. Common Stock
FTSI
| $42M | 0.05% |
177,956
+113,340
| +175% | +$27M |
|
484
PUT
Wabtec
WAB
$50.3B
| $42M | 0.05% |
400,000
+345,200
| +630% | +$37.2M |
|
485
Louisiana-Pacific
LPX
$5.12B
| $41.8M | 0.05% |
1,577,967
-3,137,908
| -67% | -$89.4M |
|
486
FerroAtlántica
GSM
$762M
| $41.7M | 0.05% |
5,107,257
-1,732,730
| -25% | -$13.9M |
|
|
ENDP
487
DELISTED
Endo International plc
ENDP
| $41.7M | 0.05% |
2,479,080
+707,276
| +40% | +$10M |
|
|
EXAS
488
DELISTED
Exact Sciences
EXAS
| $41.4M | 0.05% |
525,133
-413,963
| -44% | -$27M |
|
|
AZPN
489
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $41.4M | 0.05% |
363,684
-218,205
| -37% | -$24.9M |
|
490
PUT
Broadcom
AVGO
$1.75T
| $41.4M | 0.05% |
1,677,000
+274,000
| +20% | +$6.14M |
|
|
FITB
491
Fifth Third Bancorp
FITB
$49.7B
| $41M | 0.05% |
1,469,361
-153,595
| -9% | -$4.51M |
|
|
DFS
492
DELISTED
Discover Financial Services
DFS
| $41M | 0.05% |
535,731
-728,238
| -58% | -$54.8M |
|
493
Lamb Weston
LW
$7.38B
| $40.9M | 0.05% |
614,584
-255,283
| -29% | -$17.5M |
|
494
Herbalife
HLF
$1.33B
| $40.9M | 0.05% |
749,529
-214,905
| -22% | -$11.9M |
|
495
Citizens Financial Group
CFG
$29.4B
| $40.8M | 0.05% |
1,059,060
-1,481,185
| -58% | -$59.7M |
|
|
NAV
496
DELISTED
Navistar International
NAV
| $40.7M | 0.05% |
1,058,401
+349,443
| +49% | +$14.6M |
|
497
GrafTech
EAF
$178M
| $40.7M | 0.05% |
208,522
-131,830
| -39% | -$24.9M |
|
498
Crown Castle
CCI
$32.1B
| $40.7M | 0.05% |
365,348
+266,341
| +269% | +$29.7M |
|
499
Hasbro
HAS
$13.2B
| $40.4M | 0.05% |
+384,507
| New | +$38.5M |
|
500
Cboe Global Markets
CBOE
$31.4B
| $40.4M | 0.05% |
421,069
-86,772
| -17% | -$8.75M |
|
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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.