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 | |
|---|---|---|---|---|---|---|
2601
Ribbon Communications
RBBN
$368M
| $853K | ﹤0.01% |
+111,496
| New | +$798K |
|
|
LAND
2602
Gladstone Land Corp
LAND
$379M
| $852K | ﹤0.01% |
62,575
+15,149
| +32% | +$193K |
|
2603
Invesco Dorsey Wright Utilities Momentum ETF
PUI
$53.1M
| $852K | ﹤0.01% |
30,548
+2,342
| +8% | +$66.4K |
|
2604
Civeo
CVEO
$346M
| $850K | ﹤0.01% |
24,861
-41,742
| -63% | -$1.07M |
|
2605
A10 Networks
ATEN
$1.82B
| $847K | ﹤0.01% |
112,031
-697,219
| -86% | -$4.75M |
|
2606
Genworth Financial
GNW
$3.73B
| $846K | ﹤0.01% |
+219,625
| New | +$784K |
|
2607
Twilio
TWLO
$34.4B
| $846K | ﹤0.01% |
+28,325
| New | +$849K |
|
2608
ING
ING
$101B
| $845K | ﹤0.01% |
45,871
+13,342
| +41% | +$241K |
|
|
TA
2609
DELISTED
TravelCenters of America LLC
TA
| $844K | ﹤0.01% |
39,728
+35,588
| +860% | +$674K |
|
2610
Pebblebrook Hotel Trust
PEB
$2.07B
| $841K | ﹤0.01% |
23,260
-56,915
| -71% | -$1.89M |
|
2611
Avient
AVNT
$4.09B
| $839K | ﹤0.01% |
20,965
-98,963
| -83% | -$3.69M |
|
|
EBIX
2612
DELISTED
Ebix Inc
EBIX
| $835K | ﹤0.01% |
12,790
-77,067
| -86% | -$4.44M |
|
|
TPC
2613
Tutor Perini Cor
TPC
$4.59B
| $832K | ﹤0.01% |
+29,311
| New | +$788K |
|
|
AFSI
2614
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $832K | ﹤0.01% |
61,796
-121,838
| -66% | -$1.72M |
|
|
GNCMA
2615
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $832K | ﹤0.01% |
20,391
-312,968
| -94% | -$12.8M |
|
|
XIN
2616
DELISTED
Xinyuan Real Estate
XIN
| $829K | ﹤0.01% |
14,603
+5,386
| +58% | +$291K |
|
|
YELL
2617
PUT
DELISTED
Yellow Corporation Common Stock
YELL
| $828K | ﹤0.01% |
+60,000
| New | +$756K |
|
|
BRG
2618
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $822K | ﹤0.01% |
74,290
+28,501
| +62% | +$326K |
|
|
DMTX
2619
DELISTED
Dimension Therapeutics, Inc
DMTX
| $819K | ﹤0.01% |
136,548
-136,151
| -50% | -$353K |
|
2620
CryoPort
CYRX
$847M
| $818K | ﹤0.01% |
+83,000
| New | +$610K |
|
2621
Invesco Dorsey Wright Momentum ETF
PDP
$1.46B
| $817K | ﹤0.01% |
16,805
+5,364
| +47% | +$257K |
|
|
DFRG
2622
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $816K | ﹤0.01% |
56,102
-118,176
| -68% | -$1.71M |
|
|
ESGR
2623
DELISTED
Enstar Group
ESGR
| $814K | ﹤0.01% |
+3,660
| New | +$748K |
|
2624
EXL Service
EXLS
$5.68B
| $810K | ﹤0.01% |
69,455
+49,860
| +254% | +$559K |
|
2625
iShares MSCI Thailand ETF
THD
$355M
| $810K | ﹤0.01% |
+9,368
| New | +$760K |
|
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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.