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 | |
|---|---|---|---|---|---|---|
|
LOGM
1201
DELISTED
LogMein, Inc.
LOGM
| $11.5M | 0.01% |
129,149
-151,745
| -54% | -$13.7M |
|
1202
RE/MAX Holdings
RMAX
$263M
| $11.5M | 0.01% |
258,954
+144,597
| +126% | +$7.2M |
|
1203
CDW
CDW
$17.8B
| $11.5M | 0.01% |
129,054
-119,300
| -48% | -$10.3M |
|
1204
Applied Industrial Technologies
AIT
$12.3B
| $11.5M | 0.01% |
146,575
+115,162
| +367% | +$8.72M |
|
1205
UGI
UGI
$8.23B
| $11.5M | 0.01% |
206,573
-463,376
| -69% | -$25M |
|
|
PACQU
1206
DELISTED
Pure Acquisition Corp. Unit
PACQU
| $11.4M | 0.01% |
1,100,000
| – | – |
|
|
BZUN
1207
Baozun
BZUN
$165M
| $11.4M | 0.01% |
234,910
+36,735
| +19% | +$1.99M |
|
|
BLUE
1208
DELISTED
bluebird bio
BLUE
| $11.4M | 0.01% |
6,016
-28,458
| -83% | -$58.8M |
|
1209
PUT
Valero Energy
VLO
$98B
| $11.4M | 0.01% |
+100,000
| New | +$11.4M |
|
1210
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $11.4M | 0.01% |
39,060
-3,848
| -9% | -$1.1M |
|
|
VEDL
1211
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $11.3M | 0.01% |
885,261
+231,483
| +35% | +$2.93M |
|
1212
Fluor
FLR
$6.86B
| $11.3M | 0.01% |
194,936
+176,411
| +952% | +$9.61M |
|
1213
Semtech
SMTC
$11.9B
| $11.3M | 0.01% |
203,687
-66,213
| -25% | -$3.46M |
|
|
CTB
1214
DELISTED
Cooper Tire & Rubber Co.
CTB
| $11.3M | 0.01% |
+400,141
| New | +$11.4M |
|
1215
CALL
ICU Medical
ICUI
$4.56B
| $11.3M | 0.01% |
40,000
+8,200
| +26% | +$2.4M |
|
1216
Center Bancorp
CNOB
$1.61B
| $11.3M | 0.01% |
475,905
+192,952
| +68% | +$4.79M |
|
|
STEL
1217
DELISTED
Stellar Bancorp
STEL
| $11.3M | 0.01% |
318,012
-104,326
| -25% | -$3.77M |
|
|
RESI
1218
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $11.3M | 0.01% |
1,041,640
-208,536
| -17% | -$2.32M |
|
1219
PUT
Labcorp
LH
$27.4B
| $11.3M | 0.01% |
+75,660
| New | +$11.5M |
|
1220
CALL
Deere & Co
DE
$170B
| $11.3M | 0.01% |
75,000
-129,000
| -63% | -$18.5M |
|
1221
Emcor
EME
$32.6B
| $11.3M | 0.01% |
150,040
-31,126
| -17% | -$2.4M |
|
1222
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.68B
| $11.3M | 0.01% |
104,208
+3,419
| +3% | +$368K |
|
|
RFP
1223
DELISTED
Resolute Forest Products Inc.
RFP
| $11.2M | 0.01% |
868,604
+23,087
| +3% | +$289K |
|
1224
Packaging Corp of America
PKG
$22B
| $11.2M | 0.01% |
102,226
-305,093
| -75% | -$34.4M |
|
1225
GoPro
GPRO
$112M
| $11.2M | 0.01% |
1,554,757
+1,373,138
| +756% | +$8.78M |
|
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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.