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 | |
|---|---|---|---|---|---|---|
1326
Boise Cascade
BCC
$2.83B
| $9.91M | 0.01% |
269,257
-602,682
| -69% | -$26.2M |
|
1327
eHealth
EHTH
$38.4M
| $9.9M | 0.01% |
350,376
+97,692
| +39% | +$2.59M |
|
1328
Shutterstock
SSTK
$205M
| $9.9M | 0.01% |
181,420
+104,114
| +135% | +$5.36M |
|
|
GSKY
1329
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $9.88M | 0.01% |
549,151
-769,604
| -58% | -$14.7M |
|
|
VRS
1330
DELISTED
Verso Corporation
VRS
| $9.86M | 0.01% |
292,748
-720,789
| -71% | -$18.8M |
|
1331
WEC Energy
WEC
$34.8B
| $9.85M | 0.01% |
147,505
+107,512
| +269% | +$7.17M |
|
1332
Regenxbio
RGNX
$588M
| $9.83M | 0.01% |
130,238
+116,336
| +837% | +$8.38M |
|
|
TMCXU
1333
DELISTED
Trinity Merger Corp. Unit
TMCXU
| $9.77M | 0.01% |
950,000
| – | – |
|
|
VGR
1334
DELISTED
Vector Group Ltd.
VGR
| $9.76M | 0.01% |
1,048,043
+720,034
| +220% | +$7.84M |
|
1335
ASML
ASML
$670B
| $9.74M | 0.01% |
51,832
-64,289
| -55% | -$12.9M |
|
1336
Essential Utilities
WTRG
$11.6B
| $9.72M | 0.01% |
263,349
+107,745
| +69% | +$3.99M |
|
|
CERN
1337
DELISTED
Cerner Corp
CERN
| $9.71M | 0.01% |
150,819
-32,066
| -18% | -$2.04M |
|
|
MNR
1338
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $9.67M | 0.01% |
578,569
-546,946
| -49% | -$9.23M |
|
1339
Genco Shipping & Trading
GNK
$1.19B
| $9.66M | 0.01% |
690,118
-136,752
| -17% | -$1.93M |
|
1340
British American Tobacco
BTI
$122B
| $9.66M | 0.01% |
207,138
+164,097
| +381% | +$8.34M |
|
1341
Honda
HMC
$41.3B
| $9.66M | 0.01% |
321,028
-251,247
| -44% | -$7.47M |
|
1342
Prothena Corp
PRTA
$484M
| $9.65M | 0.01% |
738,025
-104,139
| -12% | -$1.5M |
|
1343
Murphy USA
MUSA
$10B
| $9.64M | 0.01% |
+112,817
| New | +$9.31M |
|
1344
Cracker Barrel
CBRL
$1.3B
| $9.63M | 0.01% |
65,474
+53,068
| +428% | +$7.95M |
|
1345
Enpro
NPO
$6.42B
| $9.6M | 0.01% |
131,668
-65,531
| -33% | -$4.84M |
|
1346
Kaiser Aluminum
KALU
$2.51B
| $9.59M | 0.01% |
+87,895
| New | +$9.54M |
|
|
VXX
1347
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $9.58M | 0.01% |
359,275
-546,792
| -60% | -$16.4M |
|
|
NPKI
1348
NPK International
NPKI
$1.12B
| $9.57M | 0.01% |
925,053
-556,283
| -38% | -$5.68M |
|
|
AKS
1349
DELISTED
AK Steel Holding Corp
AKS
| $9.56M | 0.01% |
+1,950,691
| New | +$8.92M |
|
|
TLRD
1350
DELISTED
Tailored Brands, Inc.
TLRD
| $9.54M | 0.01% |
378,751
-296,193
| -44% | -$6.8M |
|
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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.