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 | |
|---|---|---|---|---|---|---|
2201
Park National Corp
PRK
$3.62B
| $2.7M | ﹤0.01% |
+25,579
| New | +$2.81M |
|
2202
Becton Dickinson
BDX
$51.6B
| $2.7M | ﹤0.01% |
+10,596
| New | +$2.61M |
|
|
GLOG
2203
DELISTED
GASLOG LTD
GLOG
| $2.7M | ﹤0.01% |
+136,599
| New | +$2.42M |
|
2204
Inspire Medical Systems
INSP
$1.77B
| $2.69M | ﹤0.01% |
64,031
-686,159
| -91% | -$32.2M |
|
2205
Commerce Bancshares
CBSH
$8.34B
| $2.69M | ﹤0.01% |
60,116
+51,696
| +614% | +$2.41M |
|
2206
Spok Holdings
SPOK
$217M
| $2.68M | ﹤0.01% |
174,040
+22,612
| +15% | +$342K |
|
2207
E.W. Scripps
SSP
$297M
| $2.68M | ﹤0.01% |
162,322
+29,969
| +23% | +$434K |
|
|
SRE.PRB
2208
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
| $2.68M | ﹤0.01% |
+26,500
| New | +$2.72M |
|
2209
CALL
Madrigal Pharmaceuticals
MDGL
$12.6B
| $2.68M | ﹤0.01% |
+12,500
| New | +$3.14M |
|
2210
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.67B
| $2.67M | ﹤0.01% |
49,582
+19,495
| +65% | +$1.04M |
|
2211
Covenant Logistics
CVLG
$904M
| $2.67M | ﹤0.01% |
183,826
-691,644
| -79% | -$10.5M |
|
|
UBNK
2212
DELISTED
United Financial Bancorp, Inc.
UBNK
| $2.67M | ﹤0.01% |
158,478
-83,859
| -35% | -$1.47M |
|
2213
PUT
Gentex
GNTX
$4.89B
| $2.67M | ﹤0.01% |
124,200
| – | – |
|
|
PRSP
2214
DELISTED
Perspecta Inc. Common Stock
PRSP
| $2.67M | ﹤0.01% |
103,634
-1,407,358
| -93% | -$32.8M |
|
2215
REX American Resources
REX
$1.35B
| $2.66M | ﹤0.01% |
+211,098
| New | +$2.69M |
|
2216
QCR Holdings
QCRH
$1.66B
| $2.66M | ﹤0.01% |
65,031
-13,537
| -17% | -$603K |
|
2217
TETRA Technologies
TTI
$1.03B
| $2.65M | ﹤0.01% |
587,003
+425,055
| +262% | +$1.93M |
|
2218
Truist Financial
TFC
$61.5B
| $2.65M | ﹤0.01% |
54,511
-247,723
| -82% | -$12.7M |
|
2219
iShares Russell 2000 Growth ETF
IWO
$15.1B
| $2.63M | ﹤0.01% |
12,231
-14,797
| -55% | -$3.15M |
|
|
ITG
2220
DELISTED
Investment Technology Group Inc
ITG
| $2.63M | ﹤0.01% |
121,234
-181,299
| -60% | -$3.96M |
|
|
XRM
2221
DELISTED
Xerium Technologies Inc (new)
XRM
| $2.62M | ﹤0.01% |
194,679
+3,499
| +2% | +$46.8K |
|
2222
CBIZ
CBZ
$2.96B
| $2.62M | ﹤0.01% |
110,486
+96,016
| +664% | +$2.22M |
|
2223
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.84B
| $2.62M | ﹤0.01% |
90,400
| – | – |
|
2224
iShares MSCI Malaysia ETF
EWM
$322M
| $2.61M | ﹤0.01% |
+80,727
| New | +$2.61M |
|
2225
Johnson Controls International
JCI
$86B
| $2.61M | ﹤0.01% |
+74,629
| New | +$2.75M |
|
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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.