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 | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.88B | 2.3% |
6,450,300
+4,745,300
| +278% | +$1.35B |
|
|
2
Fortive
FTV
$18.1B
| $1.44B | 1.76% |
+27,116,929
| New | +$1.39B |
|
|
ANDV
3
DELISTED
Andeavor
ANDV
| $1.11B | 1.36% |
7,205,863
+6,787,830
| +1,624% | +$1B |
|
|
AABA
4
DELISTED
Altaba Inc
AABA
| $809M | 0.99% |
11,875,709
-8,217,220
| -41% | -$579M |
|
|
5
Apple
AAPL
$4.51T
| $806M | 0.99% |
14,283,888
+5,901,672
| +70% | +$307M |
|
6
Amazon
AMZN
$2.79T
| $620M | 0.76% |
6,193,480
+854,380
| +16% | +$80.3M |
|
|
AET
7
DELISTED
Aetna Inc
AET
| $535M | 0.66% |
2,636,738
+954,015
| +57% | +$186M |
|
8
Microsoft
MSFT
$3.59T
| $455M | 0.56% |
3,976,055
+1,033,966
| +35% | +$112M |
|
9
CSX Corp
CSX
$95.6B
| $454M | 0.56% |
18,393,657
+3,851,982
| +26% | +$91.8M |
|
10
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $406M | 0.5% |
+4,700,100
| New | +$404M |
|
|
11
PUT
Fortive
FTV
$18.1B
| $404M | 0.5% |
+7,611,672
| New | +$390M |
|
12
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $402M | 0.49% |
+3,500,000
| New | +$403M |
|
|
ETFC
13
DELISTED
E*Trade Financial Corporation
ETFC
| $389M | 0.48% |
7,429,043
+1,759,607
| +31% | +$103M |
|
14
Visa
V
$693B
| $386M | 0.47% |
2,573,205
+1,402,215
| +120% | +$199M |
|
|
15
Citigroup
C
$221B
| $357M | 0.44% |
4,979,452
+4,702,688
| +1,699% | +$332M |
|
16
Qualcomm
QCOM
$169B
| $356M | 0.44% |
4,936,405
+1,681,487
| +52% | +$111M |
|
17
Medtronic
MDT
$119B
| $344M | 0.42% |
3,499,353
-456,353
| -12% | -$42.2M |
|
18
Marathon Petroleum
MPC
$101B
| $342M | 0.42% |
4,271,577
+2,856,871
| +202% | +$226M |
|
19
Intuitive Surgical
ISRG
$134B
| $334M | 0.41% |
1,746,906
+260,358
| +18% | +$46.2M |
|
|
CMA
20
DELISTED
Comerica
CMA
| $333M | 0.41% |
3,695,946
-1,306,836
| -26% | -$125M |
|
|
MRO
21
DELISTED
Marathon Oil Corporation
MRO
| $307M | 0.38% |
13,196,086
-4,044,075
| -23% | -$84.6M |
|
22
Chevron
CVX
$403B
| $302M | 0.37% |
2,472,931
+457,153
| +23% | +$55.5M |
|
23
Regions Financial
RF
$25.9B
| $296M | 0.36% |
16,103,733
-3,639,678
| -18% | -$68.5M |
|
24
Evergy
EVRG
$18.7B
| $286M | 0.35% |
5,212,658
+1,223,196
| +31% | +$69.2M |
|
25
Entergy
ETR
$48.8B
| $286M | 0.35% |
7,044,964
+1,644,384
| +30% | +$68M |
|
Similar funds
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.