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 | |
|---|---|---|---|---|---|---|
251
Air Products & Chemicals
APD
$67.9B
| $61.6M | 0.11% |
455,000
+215,353
| +90% | +$30.4M |
|
252
FirstEnergy
FE
$26.6B
| $61.4M | 0.11% |
1,930,558
-637,545
| -25% | -$19.7M |
|
253
Kennametal
KMT
$2.28B
| $61.1M | 0.11% |
1,556,951
+548,967
| +54% | +$20.2M |
|
254
ON Semiconductor
ON
$28.9B
| $61M | 0.11% |
+3,940,690
| New | +$57.1M |
|
255
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $60.8M | 0.11% |
2,370,762
+2,020,162
| +576% | +$50.5M |
|
256
Emerson Electric
EMR
$87.7B
| $60.2M | 0.11% |
1,005,993
-82,318
| -8% | -$4.91M |
|
|
CPE
257
DELISTED
Callon Petroleum Company
CPE
| $60.2M | 0.11% |
457,350
-206,625
| -31% | -$28.5M |
|
|
MON
258
DELISTED
Monsanto Co
MON
| $60M | 0.11% |
530,134
-194,352
| -27% | -$21.5M |
|
259
PACCAR
PCAR
$69B
| $59.8M | 0.11% |
+1,335,326
| New | +$60.1M |
|
260
Marathon Petroleum
MPC
$101B
| $59.6M | 0.11% |
1,179,910
-2,392,920
| -67% | -$119M |
|
261
RH
RH
$2.9B
| $59.5M | 0.11% |
1,286,791
+798,700
| +164% | +$24.7M |
|
|
MRC
262
DELISTED
MRC Global
MRC
| $59.4M | 0.11% |
3,238,983
+1,914,084
| +144% | +$38M |
|
263
Boeing
BA
$169B
| $59.3M | 0.11% |
335,572
+246,373
| +276% | +$42M |
|
|
B
264
Barrick Mining
B
$78.3B
| $59.3M | 0.11% |
3,123,045
+2,455,602
| +368% | +$45.3M |
|
265
Integra LifeSciences
IART
$1.3B
| $59.3M | 0.11% |
1,406,778
+760,876
| +118% | +$32.5M |
|
|
TIF
266
DELISTED
Tiffany & Co.
TIF
| $58.7M | 0.11% |
616,321
+428,058
| +227% | +$36.5M |
|
|
PRAH
267
DELISTED
PRA Health Sciences, Inc.
PRAH
| $58.6M | 0.11% |
898,294
-493,701
| -35% | -$29.1M |
|
268
Steel Dynamics
STLD
$32.8B
| $58.6M | 0.11% |
1,685,369
+1,062,188
| +170% | +$37.9M |
|
269
Goldman Sachs
GS
$303B
| $58.2M | 0.11% |
253,338
+222,171
| +713% | +$53.6M |
|
270
Bio-Rad Laboratories Class A
BIO
$10.2B
| $58.1M | 0.11% |
291,404
-67,219
| -19% | -$12.9M |
|
|
ARRY
271
DELISTED
Array Biopharma Inc
ARRY
| $58.1M | 0.11% |
6,494,344
+4,642,648
| +251% | +$49.4M |
|
272
Emcor
EME
$34.3B
| $58M | 0.11% |
922,045
+895,068
| +3,318% | +$59.4M |
|
273
Prudential Financial
PRU
$41.8B
| $57.8M | 0.11% |
541,537
+185,034
| +52% | +$20M |
|
|
BBL
274
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $57.2M | 0.1% |
1,836,813
+1,143,455
| +165% | +$38.6M |
|
275
Dollar General
DG
$27.2B
| $56.7M | 0.1% |
812,878
+689,358
| +558% | +$50.5M |
|
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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.