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 | |
|---|---|---|---|---|---|---|
551
Synchrony
SYF
$25.9B
| $35.8M | 0.04% |
1,150,604
-810,352
| -41% | -$25.8M |
|
552
Republic Services
RSG
$67.6B
| $35.7M | 0.04% |
491,201
+207,039
| +73% | +$15M |
|
553
BJs Wholesale Club
BJ
$12.3B
| $35.7M | 0.04% |
1,332,171
-248,821
| -16% | -$6.66M |
|
554
Nucor
NUE
$55.3B
| $35.6M | 0.04% |
561,288
+491,982
| +710% | +$31.5M |
|
|
TCF
555
DELISTED
TCF Financial Corporation
TCF
| $35.4M | 0.04% |
1,487,188
-3,344,171
| -69% | -$84.8M |
|
556
Varonis Systems
VRNS
$4.74B
| $35.4M | 0.04% |
1,448,487
+375,033
| +35% | +$9.1M |
|
557
Four Corners Property Trust
FCPT
$2.77B
| $35.3M | 0.04% |
1,374,604
+325,737
| +31% | +$8.42M |
|
558
Cummins
CMI
$80.9B
| $35.2M | 0.04% |
241,299
-583,425
| -71% | -$82.1M |
|
559
CALL
AstraZeneca
AZN
$257B
| $35.2M | 0.04% |
445,250
+145,250
| +48% | +$11M |
|
560
Helix Energy Solutions
HLX
$1.53B
| $35.2M | 0.04% |
3,565,751
+1,204,439
| +51% | +$11M |
|
|
NEX
561
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $35.1M | 0.04% |
2,841,469
+825,938
| +41% | +$10.7M |
|
562
PUT
iShares MSCI Brazil ETF
EWZ
$8.04B
| $35.1M | 0.04% |
+1,040,100
| New | +$35M |
|
|
GCP
563
DELISTED
GCP Applied Technologies Inc.
GCP
| $34.8M | 0.04% |
1,310,090
+540,549
| +70% | +$14.6M |
|
564
IDEX
IEX
$17.3B
| $34.7M | 0.04% |
230,372
+214,449
| +1,347% | +$32M |
|
565
Chemours
CC
$2.4B
| $34.7M | 0.04% |
879,902
-259,315
| -23% | -$11.3M |
|
566
PUT
Cisco
CSCO
$438B
| $34.4M | 0.04% |
708,000
+558,000
| +372% | +$25.1M |
|
567
Eastman Chemical
EMN
$8.47B
| $34.4M | 0.04% |
359,675
+308,845
| +608% | +$30.6M |
|
568
Newmont
NEM
$139B
| $34.4M | 0.04% |
1,139,672
-266,468
| -19% | -$9.02M |
|
569
Vodafone
VOD
$36.9B
| $34.4M | 0.04% |
1,584,895
+1,489,533
| +1,562% | +$34.6M |
|
|
AMRN
570
Amarin Corp
AMRN
$298M
| $34.4M | 0.04% |
105,631
-92,768
| -47% | -$7.01M |
|
571
VICI Properties
VICI
$29.2B
| $34.3M | 0.04% |
1,585,841
+950,915
| +150% | +$19.7M |
|
|
NXTM
572
DELISTED
NxStage Medical Inc.
NXTM
| $34.3M | 0.04% |
1,228,502
+1,219,113
| +12,984% | +$34.3M |
|
573
Westlake Corp
WLK
$10.1B
| $34.2M | 0.04% |
411,644
+169,090
| +70% | +$16.5M |
|
574
Unisys
UIS
$200M
| $34.1M | 0.04% |
1,672,996
+139,572
| +9% | +$2.3M |
|
575
Xcel Energy
XEL
$47.7B
| $34.1M | 0.04% |
722,544
+536,547
| +288% | +$25.3M |
|
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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.