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 | |
|---|---|---|---|---|---|---|
1426
Heartland Express
HTLD
$950M
| $8.41M | 0.01% |
+426,515
| New | +$8.47M |
|
1427
Laureate Education
LAUR
$5.28B
| $8.41M | 0.01% |
544,975
-796,469
| -59% | -$12.3M |
|
1428
Vera Bradley
VRA
$91M
| $8.4M | 0.01% |
550,679
+419,253
| +319% | +$6.12M |
|
|
SEND
1429
DELISTED
SendGrid, Inc.
SEND
| $8.39M | 0.01% |
228,123
-32,981
| -13% | -$1.04M |
|
1430
Toro Company
TTC
$9.48B
| $8.38M | 0.01% |
139,801
+27,160
| +24% | +$1.65M |
|
|
IVC
1431
DELISTED
Invacare Corporation
IVC
| $8.38M | 0.01% |
576,069
-813,761
| -59% | -$13.5M |
|
|
TWO
1432
Two Harbors Investment
TWO
$1.28B
| $8.35M | 0.01% |
139,791
+66,025
| +90% | +$4.11M |
|
1433
iShares Russell 1000 ETF
IWB
$48.9B
| $8.34M | 0.01% |
51,576
+7,545
| +17% | +$1.2M |
|
|
ERUS
1434
DELISTED
iShares MSCI Russia ETF
ERUS
| $8.33M | 0.01% |
236,679
+132,139
| +126% | +$4.38M |
|
1435
Urban Edge Properties
UE
$2.74B
| $8.28M | 0.01% |
375,134
-368,935
| -50% | -$8.31M |
|
1436
Diodes
DIOD
$4.28B
| $8.28M | 0.01% |
248,787
-53,704
| -18% | -$1.94M |
|
|
AGR
1437
DELISTED
Avangrid, Inc.
AGR
| $8.23M | 0.01% |
171,819
-175,211
| -50% | -$8.83M |
|
|
KAMN
1438
DELISTED
Kaman Corp
KAMN
| $8.23M | 0.01% |
123,301
-49,993
| -29% | -$3.31M |
|
1439
Movado Group
MOV
$777M
| $8.21M | 0.01% |
196,065
-36,715
| -16% | -$1.72M |
|
|
RCM
1440
DELISTED
R1 RCM Inc. Common Stock
RCM
| $8.21M | 0.01% |
808,206
-336,620
| -29% | -$3.07M |
|
|
MOR
1441
DELISTED
MorphoSys AG American Depositary Shares
MOR
| $8.21M | 0.01% |
307,534
-24,576
| -7% | -$739K |
|
1442
Upland Software
UPLD
$13.9M
| $8.2M | 0.01% |
25,382
+15,162
| +148% | +$5.25M |
|
1443
PUT
Seagate
STX
$186B
| $8.2M | 0.01% |
+173,100
| New | +$9.25M |
|
|
EMBJ
1444
Embraer S.A. ADS
EMBJ
$13.3B
| $8.2M | 0.01% |
418,338
+171,590
| +70% | +$3.47M |
|
1445
Pan American Silver
PAAS
$22.5B
| $8.18M | 0.01% |
554,184
+228,373
| +70% | +$3.65M |
|
1446
Metallus
MTUS
$800M
| $8.15M | 0.01% |
548,409
+402,633
| +276% | +$6.04M |
|
|
RETA
1447
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $8.14M | 0.01% |
99,542
+90,761
| +1,034% | +$6.4M |
|
|
NTRI
1448
DELISTED
NutriSystem, Inc.
NTRI
| $8.13M | 0.01% |
219,347
-936,184
| -81% | -$36.2M |
|
1449
Seacoast Banking Corp of Florida
SBCF
$3.29B
| $8.12M | 0.01% |
278,192
+26,194
| +10% | +$811K |
|
1450
OSI Systems
OSIS
$3.25B
| $8.12M | 0.01% |
106,436
-47,608
| -31% | -$3.7M |
|
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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.