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 |
AABA
Altaba Inc
AABA
|
+$862M |
| 2 |
EA
Electronic Arts
EA
|
+$196M |
| 3 |
Bank of America
BAC
|
+$187M |
| 4 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$183M |
| 5 |
Regions Financial
RF
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$290M |
| 2 |
Huntsman Corp
HUN
|
+$181M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$164M |
| 4 |
Targa Resources
TRGP
|
+$154M |
| 5 |
Fortive
FTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Financials | 12.22% |
| 3 | Technology | 12.2% |
| 4 | Industrials | 9.84% |
| 5 | Consumer Discretionary | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Halliburton
HAL
$29.4B
| $59.5M | 0.11% |
1,393,958
+343,954
| +33% | +$15.8M |
|
252
RTX Corp
RTX
$283B
| $59.1M | 0.11% |
769,341
+684,190
| +804% | +$51.2M |
|
|
SKX
253
DELISTED
Skechers
SKX
| $59.1M | 0.11% |
2,003,242
+535,668
| +37% | +$13.8M |
|
254
Matador Resources
MTDR
$7.22B
| $58.8M | 0.1% |
2,752,437
-956,944
| -26% | -$21.7M |
|
255
Owens Corning
OC
$11.7B
| $58.5M | 0.1% |
874,851
-351,902
| -29% | -$22.1M |
|
256
Lennar Class A
LEN
$21B
| $58.4M | 0.1% |
1,151,438
+741,300
| +181% | +$36.5M |
|
257
Snap-on
SNA
$20.3B
| $58.4M | 0.1% |
369,835
+351,908
| +1,963% | +$57.6M |
|
258
Associated Banc-Corp
ASB
$5.82B
| $58.2M | 0.1% |
2,309,983
+842,752
| +57% | +$20.7M |
|
259
Boeing
BA
$169B
| $58.1M | 0.1% |
293,813
-41,759
| -12% | -$7.77M |
|
260
M&T Bank
MTB
$34.7B
| $57.9M | 0.1% |
357,646
+285,111
| +393% | +$45M |
|
261
Box
BOX
$4.56B
| $57.8M | 0.1% |
3,171,035
+1,394,932
| +79% | +$25.2M |
|
262
NiSource
NI
$19.5B
| $57.8M | 0.1% |
2,279,676
-3,432,803
| -60% | -$85.5M |
|
|
DISH
263
DELISTED
DISH Network Corp.
DISH
| $57.6M | 0.1% |
918,215
-415,273
| -31% | -$26.2M |
|
|
FISV
264
Fiserv Inc
FISV
$28B
| $57.5M | 0.1% |
940,486
+755,490
| +408% | +$45.7M |
|
265
Kennametal
KMT
$2.28B
| $57.5M | 0.1% |
1,537,069
-19,882
| -1% | -$778K |
|
266
Lamb Weston
LW
$7.38B
| $57.4M | 0.1% |
1,304,475
+464,013
| +55% | +$20.4M |
|
|
KLXI
267
DELISTED
KLX Inc.
KLXI
| $57.2M | 0.1% |
1,356,914
-55,259
| -4% | -$2.24M |
|
268
Brixmor Property Group
BRX
$8.99B
| $56.9M | 0.1% |
3,180,677
+1,387,992
| +77% | +$26.9M |
|
269
Southwest Airlines
LUV
$19.8B
| $56.6M | 0.1% |
+910,530
| New | +$53M |
|
270
CALL
Advanced Micro Devices
AMD
$773B
| $56.2M | 0.1% |
+4,500,000
| New | +$55M |
|
271
Cummins
CMI
$80.9B
| $56.1M | 0.1% |
345,791
+26,345
| +8% | +$4.09M |
|
|
ATVI
272
DELISTED
Activision Blizzard
ATVI
| $55.6M | 0.1% |
965,985
-949,138
| -50% | -$52.4M |
|
|
ARRY
273
DELISTED
Array Biopharma Inc
ARRY
| $55.3M | 0.1% |
6,604,997
+110,653
| +2% | +$905K |
|
|
ALXN
274
DELISTED
Alexion Pharmaceuticals
ALXN
| $55.2M | 0.1% |
453,747
-407,173
| -47% | -$47.4M |
|
|
VTLE
275
DELISTED
Vital Energy
VTLE
| $55.1M | 0.1% |
261,868
-103,856
| -28% | -$25.6M |
|
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Israel Englander's Q2 2017 Portfolio in Review
As of Q2 2017, Israel Englander held 4,244 positions worth $56.1B, up 2.7% from $54.6B the previous quarter. Its ten largest holdings account for 6.5% of the portfolio.
Israel Englander's Q2 2017 filing shows 803 new, 1,286 increased, 1,278 reduced and 840 closed positions. Its largest new stake was Altaba Inc: 15,840,905 shares worth $863M. The largest sale was American Electric Power, an estimated $290M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Technology.
- Israel Englander's largest Q2 2017 buy was Altaba Inc: 15,840,905 shares worth $863M.
- Israel Englander added most to Electronic Arts in Q2 2017, an estimated $196M increase.
- Israel Englander's biggest Q2 2017 reduction was American Electric Power, cutting an estimated $290M.
- Israel Englander fully exited GGP Inc. in Q2 2017, selling an estimated $125M.
- Israel Englander's ten largest holdings make up 6.5% of its $56.1B portfolio in Q2 2017.
- Israel Englander opened 803 new positions and closed 840 in Q2 2017.
- Israel Englander's portfolio value rose 2.7% quarter-over-quarter to $56.1B.
Based on Millennium Management's 13F filing for Q2 2017, filed 14 Aug 2017.