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 | |
|---|---|---|---|---|---|---|
51
PUT
Invesco QQQ Trust
QQQ
$486B
| $209M | 0.26% |
1,126,600
+40,100
| +4% | +$7.25M |
|
52
United Airlines
UAL
$36.7B
| $207M | 0.25% |
2,327,971
+1,172,939
| +102% | +$96.7M |
|
53
Texas Capital Bancshares
TCBI
$4.27B
| $201M | 0.25% |
2,434,001
+1,062,339
| +77% | +$96.4M |
|
54
Lowe's Companies
LOW
$121B
| $199M | 0.24% |
1,734,169
+505,586
| +41% | +$52.7M |
|
55
Baker Hughes
BKR
$61.9B
| $199M | 0.24% |
5,880,190
+1,768,141
| +43% | +$58.5M |
|
56
SM Energy
SM
$8.85B
| $198M | 0.24% |
6,265,261
+750,493
| +14% | +$21.5M |
|
57
Automatic Data Processing
ADP
$112B
| $195M | 0.24% |
1,295,326
-926,178
| -42% | -$131M |
|
|
TFCFA
58
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $195M | 0.24% |
4,203,843
+3,274,007
| +352% | +$150M |
|
59
Salesforce
CRM
$171B
| $195M | 0.24% |
1,224,310
-164,747
| -12% | -$24.4M |
|
60
Vertex Pharmaceuticals
VRTX
$139B
| $194M | 0.24% |
1,008,327
+344,730
| +52% | +$61.4M |
|
61
DexCom
DXCM
$34.8B
| $189M | 0.23% |
5,296,080
-1,211,588
| -19% | -$37.6M |
|
62
Morgan Stanley
MS
$336B
| $186M | 0.23% |
3,990,224
+624,278
| +19% | +$30.5M |
|
63
Trane Technologies
TT
$99.8B
| $186M | 0.23% |
1,814,529
+263,275
| +17% | +$25.7M |
|
64
Comcast
CMCSA
$95.3B
| $185M | 0.23% |
5,232,336
-1,064,726
| -17% | -$37.7M |
|
65
HCA Healthcare
HCA
$92.9B
| $184M | 0.23% |
1,321,245
-377,291
| -22% | -$47M |
|
|
WPX
66
DELISTED
WPX Energy, Inc.
WPX
| $181M | 0.22% |
8,986,095
+1,180,803
| +15% | +$21.9M |
|
|
SNV
67
DELISTED
Synovus
SNV
| $180M | 0.22% |
3,931,551
+723,468
| +23% | +$36.4M |
|
68
Weyerhaeuser
WY
$17.6B
| $177M | 0.22% |
5,472,490
+2,147,554
| +65% | +$74.6M |
|
69
Zimmer Biomet
ZBH
$19.3B
| $172M | 0.21% |
1,345,237
+1,235,314
| +1,124% | +$147M |
|
70
Bankunited
BKU
$3.3B
| $171M | 0.21% |
4,821,172
+1,117,648
| +30% | +$44M |
|
71
Parker-Hannifin
PH
$126B
| $166M | 0.2% |
903,038
+393,898
| +77% | +$67.7M |
|
|
SHPG
72
DELISTED
Shire pic
SHPG
| $165M | 0.2% |
911,827
+393,258
| +76% | +$68.1M |
|
|
PE
73
DELISTED
PARSLEY ENERGY INC
PE
| $165M | 0.2% |
5,643,588
-139,543
| -2% | -$4.14M |
|
|
COL
74
DELISTED
Rockwell Collins
COL
| $165M | 0.2% |
1,172,399
-789,968
| -40% | -$109M |
|
|
DNB
75
DELISTED
Dun & Bradstreet
DNB
| $163M | 0.2% |
1,147,195
+816,019
| +246% | +$111M |
|
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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.