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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$593M |
| 2 |
Abbott
ABT
|
+$259M |
| 3 |
AutoZone
AZO
|
+$204M |
| 4 |
AABA
Altaba Inc
AABA
|
+$186M |
| 5 |
D.R. Horton
DHI
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$215M |
| 2 |
Public Service Enterprise Group
PEG
|
+$211M |
| 3 |
Applied Materials
AMAT
|
+$203M |
| 4 |
Intuitive Surgical
ISRG
|
+$194M |
| 5 |
ConocoPhillips
COP
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.49% |
| 2 | Technology | 12.13% |
| 3 | Healthcare | 11.89% |
| 4 | Consumer Discretionary | 11.58% |
| 5 | Industrials | 10.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BRSL
226
Brightstar Lottery PLC
BRSL
$2.21B
| $77.5M | 0.11% |
2,921,675
-623,951
| -18% | -$16M |
|
227
ATI
ATI
$28.2B
| $76.7M | 0.11% |
3,177,259
+436,832
| +16% | +$10.4M |
|
228
Align Technology
ALGN
$11.5B
| $76.7M | 0.11% |
345,077
+262,491
| +318% | +$59.6M |
|
|
SC
229
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $76.4M | 0.11% |
4,104,477
+503,328
| +14% | +$8.42M |
|
230
Lincoln National
LNC
$8.07B
| $76.4M | 0.11% |
994,144
+513,786
| +107% | +$38.9M |
|
|
FRC
231
DELISTED
First Republic Bank
FRC
| $76.4M | 0.11% |
881,537
+763,232
| +645% | +$72.3M |
|
232
FedEx
FDX
$76.9B
| $76.3M | 0.11% |
305,636
-48,689
| -14% | -$11.1M |
|
233
Costco
COST
$420B
| $76.2M | 0.11% |
409,166
-141,831
| -26% | -$24.5M |
|
234
Packaging Corp of America
PKG
$22.5B
| $76M | 0.11% |
630,773
+508,733
| +417% | +$59M |
|
235
Quest Diagnostics
DGX
$27B
| $75.8M | 0.1% |
769,762
+344,413
| +81% | +$32.7M |
|
236
TJX Companies
TJX
$155B
| $75.6M | 0.1% |
1,978,378
+1,240,566
| +168% | +$45M |
|
237
Synopsys
SNPS
$76.2B
| $75.3M | 0.1% |
883,509
+178,814
| +25% | +$15.5M |
|
238
CVS Health
CVS
$119B
| $75.3M | 0.1% |
1,038,511
+784,611
| +309% | +$57M |
|
239
American International
AIG
$39.8B
| $75.3M | 0.1% |
1,263,387
+1,017,669
| +414% | +$62.5M |
|
240
Verizon
VZ
$205B
| $75.3M | 0.1% |
1,421,752
-289,089
| -17% | -$14.2M |
|
241
Sun Communities
SUI
$14.8B
| $74.9M | 0.1% |
806,907
-274,494
| -25% | -$25.2M |
|
242
Diamondrock Hospitality Co
DRH
$2.62B
| $74.5M | 0.1% |
6,601,651
+4,870,152
| +281% | +$54.2M |
|
243
Wynn Resorts
WYNN
$10.3B
| $74.1M | 0.1% |
439,637
-20,015
| -4% | -$3.09M |
|
244
Vale
VALE
$62.1B
| $74M | 0.1% |
6,049,489
+5,215,554
| +625% | +$55.4M |
|
|
DCH
245
Dauch Corp
DCH
$1.63B
| $73.6M | 0.1% |
4,324,419
+421,269
| +11% | +$7.45M |
|
246
Danaher
DHR
$154B
| $73.6M | 0.1% |
894,272
+766,766
| +601% | +$62.3M |
|
247
Eli Lilly
LLY
$1.12T
| $73.6M | 0.1% |
871,201
+684,795
| +367% | +$58.3M |
|
248
Empire State Realty Trust
ESRT
$834M
| $73.4M | 0.1% |
3,577,646
-251,623
| -7% | -$5.15M |
|
249
Citizens Financial Group
CFG
$29.4B
| $72.8M | 0.1% |
1,735,002
+199,191
| +13% | +$7.79M |
|
250
Northrop Grumman
NOC
$78.3B
| $72.5M | 0.1% |
236,166
+211,417
| +854% | +$63.5M |
|
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Israel Englander's Q4 2017 Portfolio in Review
As of Q4 2017, Israel Englander held 4,357 positions worth $72.5B, up 10% from $65.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Israel Englander deployed $3.05B of net new capital in Q4 2017, opening 897 new positions and adding to 1,473 existing holdings. Its largest new stake was Viatris: 2,905,317 shares worth $123M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Honeywell, an estimated $215M trimmed.
- Israel Englander's largest Q4 2017 buy was Viatris: 2,905,317 shares worth $123M.
- Israel Englander added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $593M increase.
- Israel Englander's biggest Q4 2017 reduction was Honeywell, cutting an estimated $215M.
- Israel Englander fully exited Paychex in Q4 2017, selling an estimated $66.4M.
- Israel Englander's ten largest holdings make up 6.7% of its $72.5B portfolio in Q4 2017.
- Israel Englander opened 897 new positions and closed 601 in Q4 2017.
- Israel Englander's portfolio value rose 10% quarter-over-quarter to $72.5B.
Based on Millennium Management's 13F filing for Q4 2017, filed 14 Feb 2018.