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 | |
|---|---|---|---|---|---|---|
251
Brunswick
BC
$5.24B
| $72.5M | 0.1% |
1,312,328
-1,281,332
| -49% | -$69.7M |
|
252
PG&E
PCG
$38.8B
| $72.3M | 0.1% |
1,613,769
-1,887,785
| -54% | -$106M |
|
253
Automatic Data Processing
ADP
$112B
| $72.3M | 0.1% |
617,285
+4,653
| +0.8% | +$532K |
|
254
Roper Technologies
ROP
$40.7B
| $72.3M | 0.1% |
279,216
+171,486
| +159% | +$44M |
|
255
ON Semiconductor
ON
$28.9B
| $72.2M | 0.1% |
3,448,092
-1,262,450
| -27% | -$25.7M |
|
256
Progressive
PGR
$127B
| $71.8M | 0.1% |
1,274,224
-1,154,986
| -48% | -$59.8M |
|
257
Huntington Bancshares
HBAN
$34.4B
| $71.7M | 0.1% |
4,923,997
+1,590,283
| +48% | +$22.3M |
|
258
Alerian MLP ETF
AMLP
$13.2B
| $71.5M | 0.1% |
+1,325,255
| New | +$70.9M |
|
259
Walmart Inc
WMT
$825B
| $71.3M | 0.1% |
2,166,993
+1,781,082
| +462% | +$54.5M |
|
260
Boston Scientific
BSX
$73B
| $71.2M | 0.1% |
2,873,185
+1,694,949
| +144% | +$46.7M |
|
|
UFS
261
DELISTED
DOMTAR CORPORATION (New)
UFS
| $71.2M | 0.1% |
1,438,109
-610,026
| -30% | -$28.4M |
|
262
Brinker International
EAT
$10.6B
| $71.2M | 0.1% |
1,832,718
+588,896
| +47% | +$20.3M |
|
263
Charter Communications
CHTR
$17.9B
| $71M | 0.1% |
211,470
-433,212
| -67% | -$147M |
|
264
Ingersoll Rand
IR
$31.2B
| $70.6M | 0.1% |
2,081,219
+1,536,932
| +282% | +$45.8M |
|
265
Las Vegas Sands
LVS
$30.5B
| $70.5M | 0.1% |
1,014,992
-455,292
| -31% | -$30.4M |
|
|
SF
266
Stifel
SF
$12.2B
| $70.5M | 0.1% |
2,661,649
-100,541
| -4% | -$2.46M |
|
267
Western Union
WU
$2.28B
| $70.4M | 0.1% |
3,702,477
+2,858,037
| +338% | +$56.1M |
|
|
OPLN
268
Openlane
OPLN
$4.08B
| $70.3M | 0.1% |
3,677,096
+2,246,239
| +157% | +$41.6M |
|
|
PRAH
269
DELISTED
PRA Health Sciences, Inc.
PRAH
| $70.1M | 0.1% |
770,170
-771,608
| -50% | -$64.2M |
|
270
Allison Transmission
ALSN
$11B
| $70.1M | 0.1% |
1,626,598
-207,475
| -11% | -$8.45M |
|
271
Carlisle Companies
CSL
$14.6B
| $69.9M | 0.1% |
615,155
-56,647
| -8% | -$6.18M |
|
272
Simon Property Group
SPG
$70.6B
| $69.6M | 0.1% |
405,299
+292,910
| +261% | +$47.6M |
|
|
TSS
273
DELISTED
Total System Services, Inc.
TSS
| $69.6M | 0.1% |
879,585
-33,512
| -4% | -$2.44M |
|
|
LM
274
DELISTED
Legg Mason, Inc.
LM
| $69.5M | 0.1% |
1,655,666
+1,207,280
| +269% | +$47.4M |
|
|
CELG
275
DELISTED
Celgene Corp
CELG
| $69.3M | 0.1% |
664,231
+350,924
| +112% | +$39.6M |
|
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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.