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 | |
|---|---|---|---|---|---|---|
101
Verizon
VZ
$205B
| $146M | 0.18% |
2,727,777
+2,591,016
| +1,895% | +$137M |
|
102
Dollar Tree
DLTR
$25.3B
| $145M | 0.18% |
1,782,272
+1,054,520
| +145% | +$92.6M |
|
103
Royal Caribbean
RCL
$78.1B
| $145M | 0.18% |
1,115,017
+793,798
| +247% | +$93M |
|
104
Bristol-Myers Squibb
BMY
$137B
| $144M | 0.18% |
2,312,532
+1,754,905
| +315% | +$104M |
|
105
Southwest Airlines
LUV
$19.8B
| $143M | 0.18% |
2,291,200
+2,257,851
| +6,770% | +$132M |
|
106
State Street
STT
$51.4B
| $143M | 0.18% |
1,704,048
+200,358
| +13% | +$17.6M |
|
107
Advance Auto Parts
AAP
$2.57B
| $143M | 0.17% |
846,856
+721,781
| +577% | +$111M |
|
108
CALL
Edwards Lifesciences
EW
$51.8B
| $142M | 0.17% |
2,440,200
+1,720,200
| +239% | +$84.1M |
|
109
PNC Financial Services
PNC
$97B
| $141M | 0.17% |
1,037,983
+683,844
| +193% | +$97.2M |
|
110
CALL
SPDR Gold Trust
GLD
$152B
| $141M | 0.17% |
1,250,000
+1,198,800
| +2,341% | +$138M |
|
111
Constellation Brands
STZ
$23.2B
| $139M | 0.17% |
643,565
+230,231
| +56% | +$48.9M |
|
112
NRG Energy
NRG
$23.8B
| $138M | 0.17% |
3,677,928
-2,539,834
| -41% | -$85.2M |
|
|
MASI
113
DELISTED
Masimo
MASI
| $138M | 0.17% |
1,104,358
+192,905
| +21% | +$21.4M |
|
114
CF Industries
CF
$19.6B
| $137M | 0.17% |
2,524,109
+2,264,617
| +873% | +$109M |
|
115
Home Depot
HD
$335B
| $137M | 0.17% |
661,677
+604,841
| +1,064% | +$122M |
|
|
PXD
116
DELISTED
Pioneer Natural Resource Co.
PXD
| $137M | 0.17% |
783,780
-393,678
| -33% | -$70.4M |
|
|
SWN
117
DELISTED
Southwestern Energy Company
SWN
| $136M | 0.17% |
26,665,774
+14,918,741
| +127% | +$79.1M |
|
|
EVHC
118
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $135M | 0.17% |
2,947,028
-17,034
| -0.6% | -$765K |
|
119
KLA
KLAC
$240B
| $135M | 0.16% |
13,227,760
+9,121,030
| +222% | +$99.7M |
|
|
RDS.A
120
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $134M | 0.16% |
1,972,745
+1,099,995
| +126% | +$73.5M |
|
121
Gilead Sciences
GILD
$181B
| $134M | 0.16% |
1,738,291
+204,985
| +13% | +$15.5M |
|
122
Coca-Cola
KO
$392B
| $132M | 0.16% |
2,864,184
+2,712,234
| +1,785% | +$124M |
|
|
ESRX
123
DELISTED
Express Scripts Holding Company
ESRX
| $130M | 0.16% |
1,366,318
+1,148,318
| +527% | +$97.9M |
|
124
Moody's
MCO
$87.2B
| $129M | 0.16% |
771,084
+415,153
| +117% | +$73M |
|
|
BRSL
125
Brightstar Lottery PLC
BRSL
$2.21B
| $129M | 0.16% |
6,514,525
+1,348,908
| +26% | +$29.4M |
|
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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.