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 | |
|---|---|---|---|---|---|---|
|
KSU
251
DELISTED
Kansas City Southern
KSU
| $66.4M | 0.1% |
610,547
+157,318
| +35% | +$16.5M |
|
252
NiSource
NI
$19.5B
| $66.3M | 0.1% |
2,592,055
+312,379
| +14% | +$8.22M |
|
253
Alaska Air
ALK
$4.51B
| $66.2M | 0.1% |
868,562
+425,459
| +96% | +$34.8M |
|
|
SF
254
Stifel
SF
$12.2B
| $65.6M | 0.1% |
2,762,190
+2,244,580
| +434% | +$48.6M |
|
|
BCR
255
DELISTED
CR Bard Inc.
BCR
| $65.6M | 0.1% |
204,727
-75,632
| -27% | -$24.2M |
|
256
ATI
ATI
$28.2B
| $65.5M | 0.1% |
2,740,427
+398,042
| +17% | +$7.87M |
|
257
Louisiana-Pacific
LPX
$5.12B
| $65.1M | 0.1% |
2,405,795
+426,051
| +22% | +$10.9M |
|
258
Matador Resources
MTDR
$7.22B
| $65M | 0.1% |
2,393,682
-358,755
| -13% | -$8.52M |
|
259
Medtronic
MDT
$119B
| $64.9M | 0.1% |
835,098
+386,555
| +86% | +$32.1M |
|
|
STI
260
DELISTED
SunTrust Banks, Inc.
STI
| $64.9M | 0.1% |
1,085,978
+805,771
| +288% | +$45.5M |
|
261
CALL
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.84B
| $64.7M | 0.1% |
+2,000,000
| New | +$62.7M |
|
262
Hyatt Hotels
H
$17B
| $64.1M | 0.1% |
1,037,265
-590,582
| -36% | -$34.1M |
|
|
CJ
263
DELISTED
C&J Energy Services, Inc.
CJ
| $64M | 0.1% |
2,134,304
+616,998
| +41% | +$18.3M |
|
264
MSCI
MSCI
$41B
| $63.9M | 0.1% |
546,708
+408,136
| +295% | +$45.3M |
|
265
eBay
EBAY
$46.3B
| $63.9M | 0.1% |
1,661,297
-1,408,681
| -46% | -$51.2M |
|
|
TVTY
266
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $63.8M | 0.1% |
1,564,803
+68,588
| +5% | +$2.66M |
|
|
ABMD
267
DELISTED
Abiomed Inc
ABMD
| $63.8M | 0.1% |
378,153
-90,744
| -19% | -$13.7M |
|
268
Becton Dickinson
BDX
$52.3B
| $63.5M | 0.1% |
332,198
-682,800
| -67% | -$132M |
|
269
Norwegian Cruise Line
NCLH
$7.92B
| $63.4M | 0.1% |
1,172,643
+519,679
| +80% | +$29.1M |
|
|
XEC
270
DELISTED
CIMAREX ENERGY CO
XEC
| $62.7M | 0.1% |
551,713
-322,032
| -37% | -$32.1M |
|
271
NNN REIT
NNN
$8.8B
| $62.7M | 0.1% |
1,504,497
-546,992
| -27% | -$22.4M |
|
272
NextEra Energy
NEE
$174B
| $62.6M | 0.1% |
1,707,664
-2,058,220
| -55% | -$75.4M |
|
273
Reliance Steel & Aluminium
RS
$19.8B
| $62.5M | 0.1% |
820,824
+596,471
| +266% | +$43.6M |
|
|
FL
274
DELISTED
Foot Locker
FL
| $62.3M | 0.09% |
1,768,508
+159,228
| +10% | +$6.7M |
|
275
Meritage Homes
MTH
$4.67B
| $62.2M | 0.09% |
2,802,390
+864,186
| +45% | +$18.1M |
|
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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.