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 | |
|---|---|---|---|---|---|---|
501
Mastercard
MA
$509B
| $40.3M | 0.05% |
181,193
-492,272
| -73% | -$103M |
|
|
KLXI
502
DELISTED
KLX Inc.
KLXI
| $40.1M | 0.05% |
638,001
+584,393
| +1,090% | +$36M |
|
503
Warrior Met Coal
HCC
$5.64B
| $40M | 0.05% |
1,480,067
-698,475
| -32% | -$17.8M |
|
504
HF Sinclair
DINO
$17.3B
| $40M | 0.05% |
572,392
-1,576,254
| -73% | -$111M |
|
505
Gentex
GNTX
$4.98B
| $39.6M | 0.05% |
1,844,818
-594,687
| -24% | -$13.8M |
|
506
Ulta Beauty
ULTA
$22.4B
| $39.5M | 0.05% |
139,919
-157,277
| -53% | -$40.1M |
|
507
Arthur J. Gallagher & Co
AJG
$67.6B
| $39.2M | 0.05% |
525,955
-1,504,194
| -74% | -$108M |
|
508
Exelixis
EXEL
$13.4B
| $39M | 0.05% |
2,202,840
+1,659,077
| +305% | +$32.4M |
|
509
Boston Properties
BXP
$10.8B
| $38.9M | 0.05% |
+315,749
| New | +$40.2M |
|
|
PARA
510
DELISTED
Paramount Global Class B
PARA
| $38.9M | 0.05% |
676,495
-938,283
| -58% | -$51.8M |
|
511
Hilltop Holdings
HTH
$2.22B
| $38.8M | 0.05% |
1,922,242
-7,378
| -0.4% | -$156K |
|
512
Travelers Companies
TRV
$75.8B
| $38.7M | 0.05% |
298,034
-302,859
| -50% | -$39.1M |
|
513
Avnet
AVT
$7.27B
| $38.6M | 0.05% |
863,233
+850,864
| +6,879% | +$39M |
|
514
LKQ Corp
LKQ
$6.52B
| $38.5M | 0.05% |
1,216,762
+282,765
| +30% | +$9.4M |
|
|
RDUS
515
DELISTED
Radius Health, Inc.
RDUS
| $38.5M | 0.05% |
2,161,624
+1,695,068
| +363% | +$38.3M |
|
|
FL
516
DELISTED
Foot Locker
FL
| $38.3M | 0.05% |
751,482
-1,480,913
| -66% | -$73.4M |
|
|
VAR
517
DELISTED
Varian Medical Systems, Inc.
VAR
| $38.2M | 0.05% |
340,880
-185,741
| -35% | -$21M |
|
518
Cleveland-Cliffs
CLF
$6.43B
| $38.1M | 0.05% |
3,013,134
+478,879
| +19% | +$4.93M |
|
|
MOMO
519
Hello Group
MOMO
$850M
| $38.1M | 0.05% |
870,471
+854,065
| +5,206% | +$37.4M |
|
520
Petrobras Class A
PBR.A
$111B
| $38.1M | 0.05% |
3,643,338
+1,347,612
| +59% | +$13.1M |
|
521
Darden Restaurants
DRI
$25.2B
| $38M | 0.05% |
342,032
-945,433
| -73% | -$107M |
|
522
American Electric Power
AEP
$65.8B
| $37.9M | 0.05% |
534,070
-1,498,346
| -74% | -$107M |
|
523
Whirlpool
WHR
$2.63B
| $37.8M | 0.05% |
318,423
+233,388
| +274% | +$30.9M |
|
|
524
PUT
Apple
AAPL
$4.51T
| $37.7M | 0.05% |
667,600
-174,800
| -21% | -$9.1M |
|
525
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $37.7M | 0.05% |
1,365,161
+390,057
| +40% | +$10.9M |
|
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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.