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 | |
|---|---|---|---|---|---|---|
651
Intel
INTC
$476B
| $29M | 0.04% |
612,855
+238,965
| +64% | +$11.6M |
|
652
United Rentals
URI
$68.4B
| $28.8M | 0.04% |
176,031
-112,777
| -39% | -$17.6M |
|
653
Aon
AON
$75.3B
| $28.7M | 0.04% |
186,748
-575,621
| -76% | -$84.2M |
|
654
Curtiss-Wright
CW
$23.5B
| $28.7M | 0.04% |
208,865
-307,561
| -60% | -$40.3M |
|
|
TRCO
655
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $28.7M | 0.04% |
746,595
+221,599
| +42% | +$7.98M |
|
|
SCG
656
DELISTED
Scana
SCG
| $28.5M | 0.04% |
+734,014
| New | +$28.1M |
|
657
Peabody Energy
BTU
$3.37B
| $28.4M | 0.03% |
796,285
-483,530
| -38% | -$20.7M |
|
658
J.M. Smucker
SJM
$13.3B
| $28.3M | 0.03% |
276,232
-185,404
| -40% | -$20.2M |
|
659
Hanover Insurance
THG
$7.77B
| $28.1M | 0.03% |
228,019
+203,348
| +824% | +$25.1M |
|
|
SGI
660
Somnigroup International
SGI
$13.6B
| $28.1M | 0.03% |
+2,125,384
| New | +$28.4M |
|
661
Atkore
ATKR
$3.16B
| $28.1M | 0.03% |
1,059,231
+413,844
| +64% | +$10.3M |
|
662
United Natural Foods
UNFI
$2.91B
| $28.1M | 0.03% |
938,030
+557,539
| +147% | +$20.2M |
|
663
Landstar System
LSTR
$6.33B
| $28.1M | 0.03% |
230,161
-153,347
| -40% | -$17.7M |
|
664
First Interstate BancSystem
FIBK
$3.57B
| $28M | 0.03% |
625,797
-461,718
| -42% | -$20.6M |
|
|
PBCT
665
DELISTED
People's United Financial Inc
PBCT
| $28M | 0.03% |
1,637,603
-470,182
| -22% | -$8.6M |
|
666
EPAM Systems
EPAM
$5.69B
| $27.9M | 0.03% |
202,947
-286,906
| -59% | -$38.6M |
|
667
Kroger
KR
$35.5B
| $27.9M | 0.03% |
959,287
-6,010,001
| -86% | -$179M |
|
|
CCC.U
668
DELISTED
Churchill Capital Corp
CCC.U
| $27.9M | 0.03% |
+2,750,000
| New | +$27.8M |
|
669
Cushman & Wakefield Ltd
CWK
$3.48B
| $27.9M | 0.03% |
+1,642,128
| New | +$29.3M |
|
670
Boyd Gaming
BYD
$5.87B
| $27.9M | 0.03% |
822,876
-663,833
| -45% | -$23.7M |
|
671
PUT
Costco
COST
$420B
| $27.6M | 0.03% |
+117,700
| New | +$26.5M |
|
672
PUT
Take-Two Interactive
TTWO
$44.8B
| $27.6M | 0.03% |
200,000
+50,000
| +33% | +$6.38M |
|
673
Tractor Supply
TSCO
$18.2B
| $27.6M | 0.03% |
1,516,345
+1,435,575
| +1,777% | +$23.9M |
|
674
Empire State Realty Trust
ESRT
$834M
| $27.4M | 0.03% |
1,650,020
+446,704
| +37% | +$7.62M |
|
675
Federated Hermes
FHI
$4.76B
| $27.4M | 0.03% |
1,134,467
+1,061,005
| +1,444% | +$25M |
|
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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.