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 | |
|---|---|---|---|---|---|---|
|
POLY
2676
DELISTED
Plantronics, Inc.
POLY
| $1.04M | ﹤0.01% |
+20,658
| New | +$1.02M |
|
2677
SandRidge Energy
SD
$516M
| $1.04M | ﹤0.01% |
49,382
-55,974
| -53% | -$1.04M |
|
2678
Vanguard Total World Stock ETF
VT
$81.1B
| $1.04M | ﹤0.01% |
+13,994
| New | +$1.02M |
|
2679
Orrstown Financial Services
ORRF
$830M
| $1.03M | ﹤0.01% |
40,991
+32,830
| +402% | +$830K |
|
|
PFSW
2680
DELISTED
PFSweb, Inc.
PFSW
| $1.03M | ﹤0.01% |
139,350
-32,582
| -19% | -$250K |
|
|
POT
2681
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
| $1.03M | ﹤0.01% |
+50,000
| New | +$969K |
|
2682
Spok Holdings
SPOK
$218M
| $1.03M | ﹤0.01% |
65,899
+47,652
| +261% | +$799K |
|
2683
AudioCodes
AUDC
$242M
| $1.03M | ﹤0.01% |
139,814
+92,732
| +197% | +$667K |
|
2684
Factset
FDS
$10.5B
| $1.03M | ﹤0.01% |
5,338
-25,808
| -83% | -$4.95M |
|
|
NWLI
2685
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $1.03M | ﹤0.01% |
+3,108
| New | +$1.09M |
|
|
TYPE
2686
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $1.03M | ﹤0.01% |
+42,559
| New | +$998K |
|
|
HTT
2687
High Templar Tech Ltd
HTT
$394M
| $1.02M | ﹤0.01% |
+81,705
| New | +$1.57M |
|
2688
Avis
CAR
$5.09B
| $1.02M | ﹤0.01% |
+23,334
| New | +$928K |
|
2689
Acadia Realty Trust
AKR
$2.89B
| $1.02M | ﹤0.01% |
37,315
+30,138
| +420% | +$862K |
|
2690
NETSCOUT
NTCT
$2.8B
| $1.02M | ﹤0.01% |
33,463
-312,393
| -90% | -$9.55M |
|
|
ATNX
2691
DELISTED
Athenex, Inc. Common Stock
ATNX
| $1.02M | ﹤0.01% |
3,200
+2,015
| +170% | +$690K |
|
|
HIX
2692
Western Asset High Income Fund II
HIX
$352M
| $1.02M | ﹤0.01% |
145,801
+82,971
| +132% | +$585K |
|
2693
MarineMax
HZO
$1.15B
| $1.01M | ﹤0.01% |
+53,421
| New | +$1.03M |
|
2694
First Community Bankshares
FCBC
$927M
| $1.01M | ﹤0.01% |
+35,107
| New | +$1.03M |
|
2695
Heritage Insurance Holdings
HRTG
$1.02B
| $1.01M | ﹤0.01% |
+55,912
| New | +$928K |
|
2696
Lindblad Expeditions
LIND
$2.04B
| $1.01M | ﹤0.01% |
102,832
+79,969
| +350% | +$831K |
|
|
ORAN
2697
DELISTED
Orange
ORAN
| $1M | ﹤0.01% |
+57,706
| New | +$964K |
|
2698
Kite Realty
KRG
$5.26B
| $1M | ﹤0.01% |
51,160
-967,380
| -95% | -$18.8M |
|
2699
Midland States Bancorp
MSBI
$680M
| $1M | ﹤0.01% |
30,859
-25,636
| -45% | -$834K |
|
2700
NovaGold Resources
NG
$4.09B
| $1M | ﹤0.01% |
254,873
-2,500,633
| -91% | -$9.95M |
|
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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.