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 | Miscellaneous | 11.74% |
| 5 | Consumer Discretionary | 9.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
American Public Education
APEI
$851M
| $3.89M | ﹤0.01% |
117,653
-23,510
| -17% | -$900K |
|
|
DISCK
1977
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $3.88M | ﹤0.01% |
131,019
+80,215
| +158% | +$2.09M |
|
1978
KALA BIO
KALA
$16.2M
| $3.88M | ﹤0.01% |
157
-83
| -35% | -$2.53M |
|
|
ASNA
1979
DELISTED
Ascena Retail Group, Inc.
ASNA
| $3.87M | ﹤0.01% |
42,369
-48,641
| -53% | -$4.03M |
|
1980
Grupo Aeroportuario Centro Norte
OMAB
$4.99B
| $3.86M | ﹤0.01% |
67,755
-184,474
| -73% | -$9.23M |
|
1981
Anika Therapeutics
ANIK
$287M
| $3.85M | ﹤0.01% |
91,161
+27,326
| +43% | +$1.08M |
|
|
ESIO
1982
DELISTED
Electro Scientific Industries
ESIO
| $3.84M | ﹤0.01% |
220,191
-574,469
| -72% | -$11.2M |
|
|
NETI
1983
DELISTED
Eneti Inc.
NETI
| $3.83M | ﹤0.01% |
56,915
-66,262
| -54% | -$4.32M |
|
1984
Avis
CAR
$5.05B
| $3.83M | ﹤0.01% |
119,285
+99,392
| +500% | +$3.32M |
|
|
QEP
1985
DELISTED
QEP RESOURCES, INC.
QEP
| $3.83M | ﹤0.01% |
337,913
-292,258
| -46% | -$3.15M |
|
1986
Progress Software
PRGS
$1.84B
| $3.82M | ﹤0.01% |
108,363
-551,227
| -84% | -$21.9M |
|
1987
Sterling Infrastructure
STRL
$15.4B
| $3.81M | ﹤0.01% |
265,999
+28,505
| +12% | +$404K |
|
1988
Fortuna Silver Mines
FSM
$3.77B
| $3.8M | ﹤0.01% |
868,920
+154,974
| +22% | +$760K |
|
|
WOW
1989
DELISTED
WideOpenWest
WOW
| $3.8M | ﹤0.01% |
338,591
-297,548
| -47% | -$3.33M |
|
1990
Consolidated Edison
ED
$39.3B
| $3.79M | ﹤0.01% |
49,757
-147,526
| -75% | -$11.6M |
|
1991
OR Royalties Inc
OR
$7.29B
| $3.77M | ﹤0.01% |
497,280
+190,863
| +62% | +$1.63M |
|
1992
Sturm, Ruger & Co
RGR
$599M
| $3.77M | ﹤0.01% |
54,657
-12,976
| -19% | -$785K |
|
|
BREW
1993
DELISTED
Craft Brew Alliance, Inc.
BREW
| $3.77M | ﹤0.01% |
230,325
-52,104
| -18% | -$986K |
|
|
CHAP
1994
DELISTED
Chaparral Energy, Inc.
CHAP
| $3.76M | ﹤0.01% |
+213,571
| New | +$3.83M |
|
|
X
1995
DELISTED
US Steel
X
| $3.75M | ﹤0.01% |
123,053
-1,759,069
| -93% | -$56.7M |
|
1996
Gyre Therapeutics
GYRE
$710M
| $3.75M | ﹤0.01% |
46,378
+17,858
| +63% | +$1.42M |
|
|
WIN
1997
DELISTED
Windstream Holdings Inc
WIN
| $3.75M | ﹤0.01% |
765,141
-421,497
| -36% | -$1.9M |
|
1998
NBT Bancorp
NBTB
$2.67B
| $3.74M | ﹤0.01% |
97,523
-2,298
| -2% | -$91.6K |
|
|
XENT
1999
CALL
DELISTED
Intersect ENT, Inc
XENT
| $3.74M | ﹤0.01% |
130,000
+110,000
| +550% | +$3.3M |
|
2000
Helen of Troy
HELE
$679M
| $3.73M | ﹤0.01% |
28,536
-7,295
| -20% | -$859K |
|
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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.