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 | |
|---|---|---|---|---|---|---|
1001
Mercer International
MERC
$26.9M
| $15.6M | 0.02% |
925,630
-321,024
| -26% | -$5.59M |
|
|
CRC
1002
PUT
DELISTED
California Resources Corporation
CRC
| $15.5M | 0.02% |
320,000
-389,500
| -55% | -$15M |
|
1003
Onto Innovation
ONTO
$17.3B
| $15.5M | 0.02% |
413,681
-220,717
| -35% | -$8.68M |
|
1004
Dolby
DLB
$6.19B
| $15.5M | 0.02% |
221,270
-29,272
| -12% | -$1.96M |
|
1005
PUT
Murphy USA
MUSA
$10.4B
| $15.5M | 0.02% |
181,000
-100,000
| -36% | -$8.25M |
|
|
ENV
1006
DELISTED
ENVESTNET, INC.
ENV
| $15.5M | 0.02% |
253,541
+247,706
| +4,245% | +$15M |
|
|
MCHB
1007
Mechanics Bancorp
MCHB
$3.58B
| $15.4M | 0.02% |
581,187
-239,974
| -29% | -$6.91M |
|
1008
Amalgamated Financial
AMAL
$1.46B
| $15.4M | 0.02% |
+797,098
| New | +$14.3M |
|
1009
Ascendis Pharma A/S
ASND
$16.5B
| $15.3M | 0.02% |
216,054
-351,169
| -62% | -$24.2M |
|
1010
Applied Materials
AMAT
$384B
| $15.3M | 0.02% |
395,002
-5,046
| -1% | -$223K |
|
|
MDR
1011
DELISTED
McDermott International
MDR
| $15.2M | 0.02% |
827,235
+145,637
| +21% | +$2.72M |
|
1012
Conduent
CNDT
$250M
| $15.2M | 0.02% |
676,406
-1,030,890
| -60% | -$21.2M |
|
1013
PUT
PG&E
PCG
$39.9B
| $15.2M | 0.02% |
330,000
-710,000
| -68% | -$31.6M |
|
1014
Dave & Buster's
PLAY
$362M
| $15.2M | 0.02% |
229,076
-281,538
| -55% | -$15.2M |
|
1015
Saia
SAIA
$9.32B
| $15.2M | 0.02% |
+198,318
| New | +$15.4M |
|
1016
NIO
NIO
$10.9B
| $15.2M | 0.02% |
+2,170,568
| New | +$17.9M |
|
|
HRC
1017
PUT
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $15.1M | 0.02% |
+160,000
| New | +$15M |
|
1018
EQT Corp
EQT
$33.6B
| $15.1M | 0.02% |
627,205
-374,043
| -37% | -$10.3M |
|
|
ACOR
1019
DELISTED
Acorda Therapeutics
ACOR
| $15.1M | 0.02% |
6,399
+965
| +18% | +$2.99M |
|
|
IMPV
1020
DELISTED
Imperva, Inc.
IMPV
| $15.1M | 0.02% |
324,518
+24,136
| +8% | +$1.17M |
|
|
BPYU
1021
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $15M | 0.02% |
+717,770
| New | +$14.5M |
|
|
EA
1022
PUT
DELISTED
Electronic Arts
EA
| $15M | 0.02% |
124,600
+116,400
| +1,420% | +$15M |
|
1023
Sociedad Química y Minera de Chile
SQM
$23.5B
| $15M | 0.02% |
328,104
-83,867
| -20% | -$3.86M |
|
|
LPT
1024
DELISTED
Liberty Property Trust
LPT
| $15M | 0.02% |
354,754
-541,305
| -60% | -$23.5M |
|
1025
BJ's Restaurants
BJRI
$1.43B
| $14.9M | 0.02% |
206,801
-228,863
| -53% | -$15.4M |
|
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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.