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 | |
|---|---|---|---|---|---|---|
|
WBA
751
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $23.7M | 0.03% |
325,100
+225,100
| +225% | +$15.3M |
|
752
Dillards
DDS
$9.99B
| $23.6M | 0.03% |
308,971
+240,083
| +349% | +$19.5M |
|
753
Teradata
TDC
$2.55B
| $23.6M | 0.03% |
625,249
+329,286
| +111% | +$13.3M |
|
|
NVO
754
CALL
Novo Nordisk
NVO
$207B
| $23.6M | 0.03% |
1,000,000
+608,200
| +155% | +$14.8M |
|
755
AtriCure
ATRC
$2.5B
| $23.5M | 0.03% |
670,102
+333,130
| +99% | +$10.5M |
|
756
Telephone and Data Systems
TDS
$3.83B
| $23.5M | 0.03% |
771,085
-468,547
| -38% | -$13.4M |
|
757
CALL
Colgate-Palmolive
CL
$73.2B
| $23.4M | 0.03% |
350,000
+250,000
| +250% | +$16.7M |
|
|
WUBA
758
DELISTED
58.com Inc
WUBA
| $23.4M | 0.03% |
318,288
+148,003
| +87% | +$10.2M |
|
759
BorgWarner
BWA
$13.1B
| $23.4M | 0.03% |
621,330
-430,616
| -41% | -$16.9M |
|
|
STOR
760
DELISTED
STORE Capital Corporation
STOR
| $23.4M | 0.03% |
841,549
-131,679
| -14% | -$3.71M |
|
|
KS
761
DELISTED
KapStone Paper and Pack Corp.
KS
| $23.3M | 0.03% |
687,572
+405,233
| +144% | +$14M |
|
762
Kemper
KMPR
$1.64B
| $23.3M | 0.03% |
289,812
+143,462
| +98% | +$11.2M |
|
763
Interactive Brokers
IBKR
$42.1B
| $23.2M | 0.03% |
1,678,644
+1,323,900
| +373% | +$20.1M |
|
764
Travel + Leisure Co
TNL
$4.44B
| $23.2M | 0.03% |
534,371
+140,960
| +36% | +$6.25M |
|
765
iShares China Large-Cap ETF
FXI
$4.23B
| $23.2M | 0.03% |
540,870
-131,593
| -20% | -$5.57M |
|
766
Constellium
CSTM
$3.58B
| $23.1M | 0.03% |
1,874,435
+1,717,638
| +1,095% | +$20.1M |
|
|
CA
767
DELISTED
CA, Inc.
CA
| $23.1M | 0.03% |
522,555
-1,247,351
| -70% | -$53.8M |
|
768
Teradyne
TER
$57.3B
| $23M | 0.03% |
622,379
+540,468
| +660% | +$21.8M |
|
|
GOLD
769
DELISTED
Randgold Resources Ltd
GOLD
| $23M | 0.03% |
325,621
+234,098
| +256% | +$16.1M |
|
770
Dick's Sporting Goods
DKS
$16B
| $23M | 0.03% |
647,166
-793,678
| -55% | -$28.4M |
|
|
MGP
771
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $23M | 0.03% |
778,472
-710,949
| -48% | -$21.4M |
|
772
MKS Inc
MKSI
$18.4B
| $22.9M | 0.03% |
286,066
-245,860
| -46% | -$22.5M |
|
773
FIVE9
FIVN
$2.45B
| $22.9M | 0.03% |
524,681
+285,921
| +120% | +$11.8M |
|
774
CALL
Cleveland-Cliffs
CLF
$6.42B
| $22.9M | 0.03% |
1,810,400
-1,189,600
| -40% | -$12.2M |
|
|
CONN
775
DELISTED
Conn's Inc.
CONN
| $22.9M | 0.03% |
647,341
-16,869
| -3% | -$603K |
|
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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.