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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.75% |
| 2 | Technology | 13.18% |
| 3 | Healthcare | 11.51% |
| 4 | Industrials | 10.45% |
| 5 | Consumer Discretionary | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Novartis
NVS
$302B
| $71.6M | 0.11% |
930,225
+840,246
| +934% | +$63.5M |
|
227
Box
BOX
$4.56B
| $71.4M | 0.11% |
3,698,140
+527,105
| +17% | +$9.9M |
|
|
MDRX
228
DELISTED
Veradigm Inc. Common Stock
MDRX
| $70.9M | 0.11% |
4,980,673
+1,972,244
| +66% | +$25.5M |
|
229
Jack in the Box
JACK
$331M
| $70.8M | 0.11% |
694,295
-219,557
| -24% | -$21M |
|
|
WBC
230
DELISTED
WABCO HOLDINGS INC.
WBC
| $70.4M | 0.11% |
475,677
+144,292
| +44% | +$20M |
|
|
ZAYO
231
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $70.1M | 0.11% |
2,038,005
+1,456,459
| +250% | +$48.3M |
|
232
Thor Industries
THO
$4.14B
| $69.8M | 0.11% |
554,435
+391,596
| +240% | +$42.2M |
|
233
Bread Financial
BFH
$4.07B
| $69.7M | 0.11% |
394,325
+324,960
| +468% | +$60.3M |
|
|
HRC
234
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $69.1M | 0.11% |
933,549
+614,108
| +192% | +$47.3M |
|
235
Icon
ICLR
$13.3B
| $69M | 0.11% |
605,737
+410,898
| +211% | +$43.7M |
|
236
Allison Transmission
ALSN
$11B
| $68.8M | 0.1% |
1,834,073
+872,134
| +91% | +$31.8M |
|
237
DXC Technology
DXC
$1.73B
| $68.7M | 0.1% |
924,985
-515,584
| -36% | -$36.6M |
|
|
DCH
238
Dauch Corp
DCH
$1.63B
| $68.6M | 0.1% |
3,903,150
+3,365,750
| +626% | +$51.7M |
|
239
Wynn Resorts
WYNN
$10.3B
| $68.5M | 0.1% |
459,652
+143,828
| +46% | +$19.6M |
|
|
COR
240
DELISTED
Coresite Realty Corporation
COR
| $68.4M | 0.1% |
611,409
+305,162
| +100% | +$33.5M |
|
241
Nasdaq
NDAQ
$54.9B
| $68.2M | 0.1% |
2,638,311
+1,221,663
| +86% | +$30.4M |
|
|
EV
242
DELISTED
Eaton Vance Corp.
EV
| $68.2M | 0.1% |
1,380,662
+1,187,429
| +615% | +$56.8M |
|
243
ServiceNow
NOW
$133B
| $68M | 0.1% |
2,891,120
+2,578,760
| +826% | +$57.3M |
|
244
Bruker
BRKR
$9.07B
| $67.5M | 0.1% |
2,269,957
-245,913
| -10% | -$7.08M |
|
245
HP
HPQ
$27.2B
| $67.5M | 0.1% |
3,383,261
-1,689,915
| -33% | -$32.2M |
|
246
Carlisle Companies
CSL
$14.6B
| $67.4M | 0.1% |
671,802
+130,537
| +24% | +$12.6M |
|
247
Automatic Data Processing
ADP
$112B
| $67M | 0.1% |
612,632
+567,116
| +1,246% | +$60.7M |
|
248
CubeSmart
CUBE
$9.21B
| $66.9M | 0.1% |
2,576,931
-1,327,444
| -34% | -$32.9M |
|
249
ICU Medical
ICUI
$4.57B
| $66.5M | 0.1% |
357,780
+184,263
| +106% | +$32.1M |
|
250
Paychex
PAYX
$44.3B
| $66.4M | 0.1% |
1,107,522
+892,120
| +414% | +$50.9M |
|
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Israel Englander's Q3 2017 Portfolio in Review
As of Q3 2017, Israel Englander held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Israel Englander deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Israel Englander's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Israel Englander added most to Salesforce in Q3 2017, an estimated $208M increase.
- Israel Englander's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Israel Englander fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Israel Englander opened 794 new positions and closed 737 in Q3 2017.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.