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 | |
|---|---|---|---|---|---|---|
776
CALL
Caterpillar
CAT
$373B
| $22.9M | 0.03% |
150,000
-150,000
| -50% | -$21.2M |
|
777
CALL
Thomson Reuters
TRI
$47.1B
| $22.8M | 0.03% |
+430,849
| New | +$21.6M |
|
|
778
PUT
Thomson Reuters
TRI
$47.1B
| $22.8M | 0.03% |
+430,849
| New | +$21.6M |
|
|
SPR
779
DELISTED
Spirit AeroSystems
SPR
| $22.8M | 0.03% |
248,871
+7,703
| +3% | +$677K |
|
780
Target
TGT
$77.2B
| $22.8M | 0.03% |
258,419
-436,573
| -63% | -$36.3M |
|
781
Rio Tinto
RIO
$170B
| $22.8M | 0.03% |
446,721
+130,063
| +41% | +$6.63M |
|
782
Wheaton Precious Metals
WPM
$72.8B
| $22.8M | 0.03% |
1,301,580
+738,946
| +131% | +$14.2M |
|
|
AL
783
DELISTED
Air Lease Corp
AL
| $22.7M | 0.03% |
495,155
-174,486
| -26% | -$7.78M |
|
784
Medpace
MEDP
$17.3B
| $22.7M | 0.03% |
378,689
+290,038
| +327% | +$15.9M |
|
785
Baxter International
BAX
$13.7B
| $22.7M | 0.03% |
294,206
-2,122,610
| -88% | -$157M |
|
786
PUT
Applied Materials
AMAT
$384B
| $22.7M | 0.03% |
586,400
-547,700
| -48% | -$24.2M |
|
787
The Mosaic Company
MOS
$7.63B
| $22.6M | 0.03% |
694,297
-1,117,087
| -62% | -$33.7M |
|
788
Willis Towers Watson
WTW
$32.6B
| $22.5M | 0.03% |
+159,948
| New | +$24.2M |
|
|
PDCO
789
DELISTED
Patterson Companies, Inc.
PDCO
| $22.5M | 0.03% |
921,611
+285,386
| +45% | +$6.76M |
|
|
FLIR
790
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $22.5M | 0.03% |
366,514
+285,313
| +351% | +$16.8M |
|
791
CALL
Qualcomm
QCOM
$166B
| $22.5M | 0.03% |
+312,300
| New | +$20.6M |
|
792
Air Products & Chemicals
APD
$68.2B
| $22.5M | 0.03% |
134,656
-55,386
| -29% | -$9.02M |
|
|
HRC
793
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $22.5M | 0.03% |
238,254
-345,381
| -59% | -$32.4M |
|
794
Inogen
INGN
$146M
| $22.5M | 0.03% |
92,117
+73,712
| +400% | +$17M |
|
795
Wayfair
W
$14.1B
| $22.5M | 0.03% |
152,256
+139,997
| +1,142% | +$17.8M |
|
|
FRC
796
DELISTED
First Republic Bank
FRC
| $22.4M | 0.03% |
233,266
+22,686
| +11% | +$2.28M |
|
797
Littelfuse
LFUS
$10.2B
| $22.4M | 0.03% |
113,044
-55,705
| -33% | -$12.3M |
|
798
Kosmos Energy
KOS
$1.7B
| $22.3M | 0.03% |
2,386,529
-409,073
| -15% | -$3.45M |
|
799
Thermo Fisher Scientific
TMO
$232B
| $22.2M | 0.03% |
91,099
-438,157
| -83% | -$101M |
|
800
O-I Glass
OI
$1.11B
| $22.2M | 0.03% |
1,180,652
+648,228
| +122% | +$11.7M |
|
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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.