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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
Viridian Therapeutics
VRDN
$2.75B
| $811K | ﹤0.01% |
+4,347
| New | +$750K |
|
|
RNET
2527
DELISTED
RigNet, Inc.
RNET
| $810K | ﹤0.01% |
+37,761
| New | +$752K |
|
2528
iShares US Treasury Bond ETF
GOVT
$44.4B
| $797K | ﹤0.01% |
+31,830
| New | +$795K |
|
2529
Teradyne
TER
$56.8B
| $796K | ﹤0.01% |
25,598
-808,309
| -97% | -$23.1M |
|
|
K
2530
DELISTED
Kellanova
K
| $795K | ﹤0.01% |
11,655
-2,721,538
| -100% | -$188M |
|
|
NFJ
2531
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
| $791K | ﹤0.01% |
61,371
+42,969
| +234% | +$559K |
|
2532
First Internet Bancorp
INBK
$239M
| $790K | ﹤0.01% |
26,796
+520
| +2% | +$15.9K |
|
|
MRLN
2533
DELISTED
Marlin Business Services Corp
MRLN
| $790K | ﹤0.01% |
30,697
+17,331
| +130% | +$407K |
|
2534
Rush Enterprises Class B
RUSHB
$8.31B
| $789K | ﹤0.01% |
56,925
-8,440
| -13% | -$117K |
|
|
ETJ
2535
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$568M
| $787K | ﹤0.01% |
+86,664
| New | +$809K |
|
|
ADVM
2536
DELISTED
Adverum Biotechnologies
ADVM
| $786K | ﹤0.01% |
29,113
-4,834
| -14% | -$137K |
|
2537
Cytosorbents Corp
CTSO
$22.6M
| $780K | ﹤0.01% |
173,261
+160,261
| +1,233% | +$895K |
|
2538
Peapack-Gladstone Financial
PGC
$801M
| $780K | ﹤0.01% |
+26,355
| New | +$813K |
|
|
MVC
2539
DELISTED
MVC Capital, Inc.
MVC
| $780K | ﹤0.01% |
86,756
+54,553
| +169% | +$475K |
|
2540
CNX Resources
CNX
$5.33B
| $776K | ﹤0.01% |
+55,517
| New | +$782K |
|
|
HBMD
2541
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
| $775K | ﹤0.01% |
+41,465
| New | +$724K |
|
2542
Companhia Siderúrgica Nacional
SID
$1.37B
| $774K | ﹤0.01% |
264,911
+209,751
| +380% | +$762K |
|
2543
PC Connection
CNXN
$2B
| $773K | ﹤0.01% |
25,939
-31,352
| -55% | -$868K |
|
2544
Lennar Class B
LEN.B
$20.6B
| $772K | ﹤0.01% |
19,808
+8,238
| +71% | +$294K |
|
2545
Toyota
TM
$227B
| $772K | ﹤0.01% |
+7,111
| New | +$816K |
|
2546
Unity Bancorp
UNTY
$586M
| $772K | ﹤0.01% |
+45,523
| New | +$759K |
|
2547
Upland Software
UPLD
$13.3M
| $769K | ﹤0.01% |
+4,837
| New | +$586K |
|
2548
Western New England Bancorp
WNEB
$277M
| $769K | ﹤0.01% |
73,201
+43,418
| +146% | +$427K |
|
|
WPXP
2549
DELISTED
WPX Energy, Inc.
WPXP
| $769K | ﹤0.01% |
+12,720
| New | +$766K |
|
2550
Arrow Financial
AROW
$705M
| $767K | ﹤0.01% |
27,814
+13,346
| +92% | +$387K |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.