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 | |
|---|---|---|---|---|---|---|
201
Hilton Worldwide
HLT
$73.5B
| $95M | 0.12% |
1,176,054
+1,047,992
| +818% | +$82.6M |
|
202
Olin
OLN
$2.1B
| $94.9M | 0.12% |
3,695,304
+2,326,631
| +170% | +$68.3M |
|
|
JWN
203
DELISTED
Nordstrom
JWN
| $94.4M | 0.12% |
1,578,159
+632,737
| +67% | +$36.2M |
|
204
Zoetis
ZTS
$32.1B
| $94.2M | 0.12% |
1,028,331
+462,733
| +82% | +$41.1M |
|
205
Biogen
BIIB
$32B
| $94.2M | 0.12% |
266,485
+111,438
| +72% | +$38.4M |
|
206
Lumen
LUMN
$6.13B
| $94.1M | 0.12% |
4,439,422
+3,699,161
| +500% | +$77.4M |
|
|
TMHC
207
DELISTED
Taylor Morrison
TMHC
| $94M | 0.12% |
5,211,813
+1,923,856
| +59% | +$38.2M |
|
208
Norfolk Southern
NSC
$78.8B
| $93.6M | 0.11% |
518,367
-249,882
| -33% | -$42.7M |
|
209
Autodesk
ADSK
$53.6B
| $93.1M | 0.11% |
596,559
+292,488
| +96% | +$41.3M |
|
|
GRUB
210
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $92.6M | 0.11% |
333,919
+114,196
| +52% | +$29.5M |
|
211
Goldman Sachs
GS
$303B
| $92.2M | 0.11% |
411,356
-214,191
| -34% | -$49.8M |
|
|
PPL
212
PPL Corp
PPL
$25.9B
| $92.2M | 0.11% |
3,151,361
-4,537,654
| -59% | -$133M |
|
|
UFS
213
DELISTED
DOMTAR CORPORATION (New)
UFS
| $91.2M | 0.11% |
1,748,221
-435,792
| -20% | -$21.9M |
|
|
PR
214
Permian Resources
PR
$19.9B
| $90.4M | 0.11% |
4,136,616
+3,292,353
| +390% | +$61.9M |
|
215
First Citizens BancShares
FCNCA
$24.7B
| $90.2M | 0.11% |
199,359
+99,487
| +100% | +$43.9M |
|
216
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $89.1M | 0.11% |
1,476,000
+1,352,000
| +1,090% | +$81.8M |
|
217
Bunge Global
BG
$21.7B
| $88.9M | 0.11% |
1,293,998
-333,966
| -21% | -$22M |
|
|
SHPG
218
CALL
DELISTED
Shire pic
SHPG
| $88.8M | 0.11% |
490,000
+290,000
| +145% | +$50.2M |
|
219
M&T Bank
MTB
$34.7B
| $87.8M | 0.11% |
533,859
-807,377
| -60% | -$140M |
|
220
Wendy's
WEN
$1.72B
| $87.8M | 0.11% |
5,123,422
+3,002,994
| +142% | +$52.5M |
|
221
Targa Resources
TRGP
$64.1B
| $87.5M | 0.11% |
1,554,610
+1,529,822
| +6,172% | +$81.6M |
|
222
LyondellBasell Industries
LYB
$21.8B
| $87.4M | 0.11% |
852,137
+53,351
| +7% | +$5.83M |
|
223
Matador Resources
MTDR
$7.22B
| $87.2M | 0.11% |
2,637,385
-47,337
| -2% | -$1.51M |
|
224
Restaurant Brands International
QSR
$28.2B
| $87.1M | 0.11% |
1,469,795
-1,260,092
| -46% | -$76.7M |
|
|
ZEN
225
DELISTED
ZENDESK INC
ZEN
| $87.1M | 0.11% |
1,226,650
-947,367
| -44% | -$60.5M |
|
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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.