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 | |
|---|---|---|---|---|---|---|
151
Voya Financial
VOYA
$8.86B
| $118M | 0.14% |
2,375,687
-1,859,000
| -44% | -$91.9M |
|
152
Walt Disney
DIS
$186B
| $118M | 0.14% |
1,005,445
+668,079
| +198% | +$74.4M |
|
153
RTX Corp
RTX
$283B
| $117M | 0.14% |
1,332,122
+1,240,488
| +1,354% | +$104M |
|
154
DXC Technology
DXC
$1.73B
| $116M | 0.14% |
1,243,200
-877,934
| -41% | -$77.7M |
|
155
NVIDIA
NVDA
$5.2T
| $115M | 0.14% |
16,408,560
-4,152,960
| -20% | -$27M |
|
|
HES
156
DELISTED
Hess
HES
| $115M | 0.14% |
1,609,834
-343,798
| -18% | -$22.7M |
|
157
D.R. Horton
DHI
$41.5B
| $115M | 0.14% |
+2,722,249
| New | +$118M |
|
158
Progressive
PGR
$127B
| $114M | 0.14% |
1,608,560
-909,748
| -36% | -$58.5M |
|
159
Gaming and Leisure Properties
GLPI
$12.7B
| $114M | 0.14% |
3,233,169
+148,434
| +5% | +$5.26M |
|
160
PUT
Microsoft
MSFT
$3.59T
| $114M | 0.14% |
993,900
+363,500
| +58% | +$39.4M |
|
161
W.W. Grainger
GWW
$61.8B
| $113M | 0.14% |
317,170
+186,632
| +143% | +$64.2M |
|
162
Icon
ICLR
$13.3B
| $113M | 0.14% |
736,732
+402,785
| +121% | +$57.7M |
|
|
AIMC
163
DELISTED
Altra Industrial Motion Corp
AIMC
| $113M | 0.14% |
2,736,002
+2,465,205
| +910% | +$103M |
|
164
Waste Management
WM
$89.6B
| $112M | 0.14% |
1,236,759
+772,172
| +166% | +$68.5M |
|
165
BP
BP
$115B
| $111M | 0.14% |
2,524,545
-596,810
| -19% | -$25M |
|
166
Prologis
PLD
$135B
| $110M | 0.13% |
1,621,910
-747,207
| -32% | -$49.1M |
|
167
Caterpillar
CAT
$381B
| $110M | 0.13% |
720,807
+137,354
| +24% | +$19.4M |
|
168
Yelp
YELP
$1.27B
| $110M | 0.13% |
2,227,561
+1,730,225
| +348% | +$75.6M |
|
169
PG&E
PCG
$38.8B
| $110M | 0.13% |
2,381,220
+1,494,725
| +169% | +$66.6M |
|
170
GoDaddy
GDDY
$12.3B
| $109M | 0.13% |
1,309,639
+818,009
| +166% | +$63.9M |
|
171
CALL
Range Resources
RRC
$9.59B
| $109M | 0.13% |
6,400,700
+5,219,000
| +442% | +$83.8M |
|
172
Molina Healthcare
MOH
$10.5B
| $109M | 0.13% |
730,677
+240,134
| +49% | +$30.7M |
|
173
Intercontinental Exchange
ICE
$90.5B
| $109M | 0.13% |
1,450,433
-605,180
| -29% | -$45.5M |
|
174
DaVita
DVA
$11.1B
| $108M | 0.13% |
1,514,617
+57,652
| +4% | +$4.08M |
|
|
AVB
175
DELISTED
AvalonBay Communities
AVB
| $108M | 0.13% |
597,827
+349,651
| +141% | +$62.4M |
|
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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.