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 | |
|---|---|---|---|---|---|---|
1176
SolarEdge
SEDG
$1.85B
| $12M | 0.01% |
318,500
-41,717
| -12% | -$2.01M |
|
1177
Eversource Energy
ES
$26.8B
| $12M | 0.01% |
194,895
-848,177
| -81% | -$51.9M |
|
|
TXNM
1178
TXNM Energy Inc
TXNM
$5.88B
| $12M | 0.01% |
303,392
-763,671
| -72% | -$29.9M |
|
1179
National Health Investors
NHI
$3.59B
| $11.9M | 0.01% |
157,946
-54,814
| -26% | -$4.19M |
|
|
PRO
1180
DELISTED
PROS Holdings
PRO
| $11.9M | 0.01% |
340,749
-21,344
| -6% | -$802K |
|
1181
Kulicke & Soffa
KLIC
$4.37B
| $11.9M | 0.01% |
499,575
+299,605
| +150% | +$7.77M |
|
1182
Open Text
OTEX
$5.95B
| $11.9M | 0.01% |
312,815
+48,250
| +18% | +$1.84M |
|
1183
BGC Group
BGC
$5.68B
| $11.8M | 0.01% |
1,556,945
-4,771,269
| -75% | -$35.3M |
|
1184
CoreCivic
CXW
$3.35B
| $11.8M | 0.01% |
486,040
-247,576
| -34% | -$6.18M |
|
|
TEN
1185
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $11.8M | 0.01% |
280,446
-112,074
| -29% | -$4.92M |
|
|
ITCI
1186
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $11.8M | 0.01% |
543,997
-406,508
| -43% | -$8.5M |
|
1187
Equifax
EFX
$22.9B
| $11.8M | 0.01% |
90,386
-298,260
| -77% | -$38.9M |
|
|
MGLN
1188
DELISTED
Magellan Health Services, Inc.
MGLN
| $11.8M | 0.01% |
163,152
+36,601
| +29% | +$2.94M |
|
|
JAG
1189
DELISTED
Jagged Peak Energy Inc.
JAG
| $11.7M | 0.01% |
+848,123
| New | +$11.5M |
|
1190
Live Nation Entertainment
LYV
$43B
| $11.7M | 0.01% |
+214,535
| New | +$10.9M |
|
1191
Supernus Pharmaceuticals
SUPN
$2.62B
| $11.7M | 0.01% |
231,748
+69,931
| +43% | +$3.45M |
|
|
VBTX
1192
DELISTED
Veritex Holdings
VBTX
| $11.7M | 0.01% |
412,412
-200,768
| -33% | -$6.17M |
|
|
TSE
1193
DELISTED
Trinseo
TSE
| $11.6M | 0.01% |
148,532
-727,779
| -83% | -$54.5M |
|
|
HSII
1194
DELISTED
Heidrick & Struggles
HSII
| $11.6M | 0.01% |
343,237
-37,982
| -10% | -$1.48M |
|
1195
PUT
Baxter International
BAX
$13.7B
| $11.6M | 0.01% |
150,000
+110,000
| +275% | +$8.16M |
|
1196
Pitney Bowes
PBI
$2.27B
| $11.6M | 0.01% |
+1,633,295
| New | +$13.2M |
|
1197
WSFS Financial
WSFS
$4.06B
| $11.6M | 0.01% |
245,084
+161,612
| +194% | +$8.32M |
|
1198
Under Armour
UAA
$2.31B
| $11.5M | 0.01% |
544,180
-847,425
| -61% | -$17.6M |
|
1199
CALL
Alibaba
BABA
$284B
| $11.5M | 0.01% |
+70,000
| New | +$12.4M |
|
|
ETFC
1200
PUT
DELISTED
E*Trade Financial Corporation
ETFC
| $11.5M | 0.01% |
220,000
+20,000
| +10% | +$1.17M |
|
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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.