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 | |
|---|---|---|---|---|---|---|
126
Kraft Heinz
KHC
$30.3B
| $129M | 0.16% |
2,332,841
+512,112
| +28% | +$30.6M |
|
127
Tyson Foods
TSN
$20.6B
| $127M | 0.16% |
2,138,155
+1,547,118
| +262% | +$96.8M |
|
128
NiSource
NI
$19.5B
| $127M | 0.16% |
5,093,413
+3,498,287
| +219% | +$92.6M |
|
129
Hartford Financial Services
HIG
$36.9B
| $127M | 0.16% |
2,537,173
-512,353
| -17% | -$26.3M |
|
|
AET
130
PUT
DELISTED
Aetna Inc
AET
| $126M | 0.16% |
623,500
| – | – |
|
131
McKesson
MCK
$100B
| $126M | 0.15% |
951,307
+701,446
| +281% | +$91.5M |
|
132
Lennar Class A
LEN
$21B
| $126M | 0.15% |
2,791,871
-1,779,454
| -39% | -$89.6M |
|
133
Dominion Energy
D
$58.6B
| $124M | 0.15% |
1,767,371
-431,906
| -20% | -$30.6M |
|
|
IBKC
134
DELISTED
IBERIABANK Corp
IBKC
| $124M | 0.15% |
1,519,991
-757,149
| -33% | -$63M |
|
135
Teladoc Health
TDOC
$1.16B
| $124M | 0.15% |
1,431,875
+1,063,278
| +288% | +$75.8M |
|
136
Alphabet (Google) Class C
GOOG
$4.18T
| $123M | 0.15% |
2,062,540
+1,770,280
| +606% | +$106M |
|
|
SIVB
137
DELISTED
SVB Financial Group
SIVB
| $123M | 0.15% |
395,856
-375,084
| -49% | -$118M |
|
138
Antero Resources
AR
$11.7B
| $123M | 0.15% |
6,944,147
+4,303,254
| +163% | +$83.3M |
|
139
Sherwin-Williams
SHW
$84.1B
| $123M | 0.15% |
809,535
-649,002
| -44% | -$96.1M |
|
|
CTXS
140
DELISTED
Citrix Systems Inc
CTXS
| $122M | 0.15% |
1,099,094
-232,601
| -17% | -$25.7M |
|
141
Bank of America
BAC
$431B
| $122M | 0.15% |
4,141,640
+3,227,923
| +353% | +$98.3M |
|
|
ATVI
142
DELISTED
Activision Blizzard
ATVI
| $121M | 0.15% |
1,454,614
+1,063,022
| +271% | +$80.6M |
|
143
DTE Energy
DTE
$28.1B
| $120M | 0.15% |
1,295,487
+127,509
| +11% | +$11.9M |
|
144
Novartis
NVS
$302B
| $120M | 0.15% |
1,557,014
+564,641
| +57% | +$41.7M |
|
|
WMGI
145
DELISTED
Wright Medical Group Inc
WMGI
| $120M | 0.15% |
4,124,810
+2,906,715
| +239% | +$78.3M |
|
146
Wintrust Financial
WTFC
$10.3B
| $120M | 0.15% |
1,407,871
-115,260
| -8% | -$10.3M |
|
|
DISH
147
DELISTED
DISH Network Corp.
DISH
| $119M | 0.15% |
3,323,442
+1,993,725
| +150% | +$68.4M |
|
148
Allstate
ALL
$64.2B
| $119M | 0.15% |
1,203,835
-385,751
| -24% | -$37.6M |
|
149
Bio-Rad Laboratories Class A
BIO
$10.2B
| $118M | 0.14% |
377,825
-191,918
| -34% | -$59.6M |
|
150
Capital One
COF
$134B
| $118M | 0.14% |
1,244,061
+974,926
| +362% | +$94.8M |
|
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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.