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 | |
|---|---|---|---|---|---|---|
2801
Pebblebrook Hotel Trust
PEB
$2.07B
| $829K | ﹤0.01% |
22,294
-966
| -4% | -$35.7K |
|
2802
PUT
RTX Corp
RTX
$283B
| $829K | ﹤0.01% |
10,329
| – | – |
|
|
DWCH
2803
DELISTED
Datawatch Corp
DWCH
| $828K | ﹤0.01% |
87,192
+23,953
| +38% | +$249K |
|
2804
United Fire Group
UFCS
$1.38B
| $827K | ﹤0.01% |
18,154
+3,604
| +25% | +$169K |
|
|
FTR
2805
DELISTED
Frontier Communications Corp.
FTR
| $827K | ﹤0.01% |
122,293
+82,613
| +208% | +$771K |
|
|
CVON
2806
DELISTED
ConvergeOne Holdings, Inc. Class A Common Stock
CVON
| $826K | ﹤0.01% |
82,748
-19,578
| -19% | -$192K |
|
|
JMF
2807
DELISTED
NUVEEN ENERGY MLP TOTAL RETURN FUND
JMF
| $825K | ﹤0.01% |
72,399
+54,909
| +314% | +$604K |
|
|
RPT
2808
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $824K | ﹤0.01% |
+55,963
| New | +$774K |
|
|
KYNB
2809
Kyntra Bio
KYNB
$32.8M
| $823K | ﹤0.01% |
+694
| New | +$870K |
|
2810
Tejon Ranch
TRC
$437M
| $823K | ﹤0.01% |
+39,659
| New | +$818K |
|
|
TNAV
2811
DELISTED
Telenav Inc.
TNAV
| $823K | ﹤0.01% |
149,613
+111,141
| +289% | +$620K |
|
|
MN
2812
DELISTED
MANNING & NAPIER, INC.
MN
| $822K | ﹤0.01% |
228,457
-49,042
| -18% | -$184K |
|
|
SITO
2813
DELISTED
SITO MOBILE, LTD
SITO
| $818K | ﹤0.01% |
+121,775
| New | +$857K |
|
2814
Nelnet
NNI
$4.61B
| $817K | ﹤0.01% |
14,907
+7,126
| +92% | +$385K |
|
|
GSUM
2815
DELISTED
Gridsum Holding Inc.
GSUM
| $817K | ﹤0.01% |
+89,309
| New | +$794K |
|
2816
Kadant
KAI
$3.58B
| $815K | ﹤0.01% |
8,116
-26,760
| -77% | -$2.72M |
|
2817
Vistra
VST
$46.7B
| $813K | ﹤0.01% |
44,393
-146,558
| -77% | -$2.75M |
|
|
AVEO
2818
CALL
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
| $810K | ﹤0.01% |
29,050
+10
| +0% | +$310 |
|
2819
PUT
Medtronic
MDT
$117B
| $808K | ﹤0.01% |
10,000
-240,000
| -96% | -$19.2M |
|
|
IO
2820
DELISTED
ION Geophysical Corporation
IO
| $808K | ﹤0.01% |
+40,894
| New | +$512K |
|
2821
Moog Inc Class A
MOG.A
$11.9B
| $806K | ﹤0.01% |
+9,283
| New | +$796K |
|
2822
United Microelectronic
UMC
$49.2B
| $802K | ﹤0.01% |
+335,642
| New | +$856K |
|
|
UNT
2823
DELISTED
UNIT Corporation
UNT
| $801K | ﹤0.01% |
36,403
+6,180
| +20% | +$125K |
|
|
CPN
2824
DELISTED
Calpine Corporation
CPN
| $801K | ﹤0.01% |
52,914
+40,093
| +313% | +$601K |
|
|
ZNGA
2825
CALL
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $800K | ﹤0.01% |
200,000
| – | – |
|
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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.