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 | |
|---|---|---|---|---|---|---|
|
TSRO
1676
PUT
DELISTED
TESARO, Inc.
TSRO
| $5.85M | 0.01% |
+150,000
| New | +$5.3M |
|
1677
Ford
F
$55.6B
| $5.85M | 0.01% |
632,225
-3,736,688
| -86% | -$37.4M |
|
1678
Nokia
NOK
$57.8B
| $5.84M | 0.01% |
1,047,274
-557,341
| -35% | -$3.09M |
|
|
ACIA
1679
DELISTED
Acacia Communications Inc
ACIA
| $5.82M | 0.01% |
+140,740
| New | +$5.26M |
|
1680
Sonoco
SON
$5.72B
| $5.82M | 0.01% |
104,835
-228,651
| -69% | -$12.7M |
|
1681
Logitech
LOGI
$14.1B
| $5.82M | 0.01% |
+130,080
| New | +$6.04M |
|
|
PARAA
1682
DELISTED
Paramount Global Class A
PARAA
| $5.82M | 0.01% |
100,168
+124
| +0.1% | +$6.89K |
|
1683
Quanex
NX
$916M
| $5.81M | 0.01% |
319,458
+236,361
| +284% | +$4.16M |
|
1684
Compañía de Minas Buenaventura
BVN
$9.13B
| $5.81M | 0.01% |
433,050
-593,379
| -58% | -$7.72M |
|
1685
PUT
United States Oil Fund
USO
$1.97B
| $5.8M | 0.01% |
+46,750
| New | +$5.4M |
|
|
ANCX
1686
DELISTED
Access National Corp
ANCX
| $5.8M | 0.01% |
+214,019
| New | +$5.98M |
|
1687
Corning
GLW
$127B
| $5.8M | 0.01% |
164,281
+155,409
| +1,752% | +$5.05M |
|
|
SJI
1688
DELISTED
South Jersey Industries, Inc.
SJI
| $5.75M | 0.01% |
163,066
-516,368
| -76% | -$17.5M |
|
|
TBCH
1689
Turtle Beach Corp
TBCH
$230M
| $5.75M | 0.01% |
288,208
+114,098
| +66% | +$2.82M |
|
1690
Canadian National Railway
CNI
$76.9B
| $5.74M | 0.01% |
63,865
+41,631
| +187% | +$3.63M |
|
1691
Morningstar
MORN
$8.07B
| $5.71M | 0.01% |
45,346
-29,471
| -39% | -$3.97M |
|
1692
PUT
Expedia Group
EXPE
$40.6B
| $5.7M | 0.01% |
43,700
-5,600
| -11% | -$727K |
|
|
AMRN
1693
CALL
Amarin Corp
AMRN
$299M
| $5.7M | 0.01% |
17,500
+7,500
| +75% | +$566K |
|
1694
PUT
Honeywell
HON
$68.4B
| $5.69M | 0.01% |
37,859
| – | – |
|
|
KTWO
1695
DELISTED
K2M Group Holdings, Inc
KTWO
| $5.68M | 0.01% |
207,623
+153,554
| +284% | +$3.6M |
|
|
RWGE
1696
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
| $5.67M | 0.01% |
581,500
| – | – |
|
|
BXG
1697
DELISTED
Bluegreen Vacations Corporation Common Stock
BXG
| $5.67M | 0.01% |
316,864
-112,148
| -26% | -$2.38M |
|
1698
Kiniksa Pharmaceuticals
KNSA
$6.26B
| $5.66M | 0.01% |
222,050
+199,631
| +890% | +$3.88M |
|
1699
1st Source
SRCE
$2.07B
| $5.66M | 0.01% |
107,494
+79,436
| +283% | +$4.43M |
|
|
ORBC
1700
DELISTED
ORBCOMM, Inc.
ORBC
| $5.66M | 0.01% |
520,849
+243,457
| +88% | +$2.58M |
|
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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.