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 | |
|---|---|---|---|---|---|---|
276
Yum China
YUMC
$16.5B
| $68.5M | 0.09% |
1,710,493
+1,227,135
| +254% | +$50.5M |
|
277
NetApp
NTAP
$37B
| $68.3M | 0.09% |
1,233,888
+350,081
| +40% | +$17.6M |
|
|
KS
278
DELISTED
KapStone Paper and Pack Corp.
KS
| $68.1M | 0.09% |
3,001,830
+1,872,710
| +166% | +$41.4M |
|
279
Icon
ICLR
$13.2B
| $68M | 0.09% |
606,270
+533
| +0.1% | +$61.4K |
|
280
Autodesk
ADSK
$53.9B
| $68M | 0.09% |
648,395
+500,322
| +338% | +$58.3M |
|
281
Mastercard
MA
$523B
| $67.6M | 0.09% |
446,328
+333,856
| +297% | +$49.6M |
|
282
Cummins
CMI
$79.1B
| $67.5M | 0.09% |
382,360
-86,326
| -18% | -$14.8M |
|
283
Burlington
BURL
$20.6B
| $67.3M | 0.09% |
546,711
+241,758
| +79% | +$24.6M |
|
284
lululemon athletica
LULU
$13.9B
| $67.3M | 0.09% |
855,796
+646,547
| +309% | +$43.1M |
|
285
Truist Financial
TFC
$62.2B
| $67.2M | 0.09% |
+1,350,754
| New | +$65.2M |
|
|
DRE
286
DELISTED
Duke Realty Corp.
DRE
| $66.9M | 0.09% |
2,459,285
-812,105
| -25% | -$23.1M |
|
|
XLNX
287
DELISTED
Xilinx Inc
XLNX
| $66.7M | 0.09% |
988,926
+266,011
| +37% | +$18.9M |
|
288
Bruker
BRKR
$8.93B
| $66.7M | 0.09% |
1,942,624
-327,333
| -14% | -$10.7M |
|
289
Delta Air Lines
DAL
$54.3B
| $66.6M | 0.09% |
1,190,130
-333,483
| -22% | -$17.4M |
|
290
PUT
iShares Russell 2000 ETF
IWM
$81.5B
| $66.5M | 0.09% |
436,400
+86,400
| +25% | +$13M |
|
291
Principal Financial Group
PFG
$23.9B
| $66.5M | 0.09% |
942,848
+599,491
| +175% | +$41.3M |
|
292
Reinsurance Group of America
RGA
$16.1B
| $66M | 0.09% |
423,358
+68,133
| +19% | +$10.3M |
|
|
FDC
293
DELISTED
First Data Corporation
FDC
| $65.9M | 0.09% |
3,945,685
-1,205,046
| -23% | -$20.7M |
|
|
GXP
294
DELISTED
Great Plains Energy Incorporated
GXP
| $65.5M | 0.09% |
2,031,059
-3,715,690
| -65% | -$122M |
|
|
VMRK
295
Vivmark Residential
VMRK
$25.5B
| $65.4M | 0.09% |
+1,025,153
| New | +$68.4M |
|
296
MGIC Investment
MTG
$6.4B
| $65.2M | 0.09% |
4,621,941
+864,077
| +23% | +$12.2M |
|
297
Insulet
PODD
$10.3B
| $65M | 0.09% |
941,567
+571,082
| +154% | +$37.5M |
|
298
Pan American Silver
PAAS
$21.9B
| $65M | 0.09% |
4,174,441
+2,552,381
| +157% | +$40.4M |
|
299
GSK
GSK
$104B
| $64.7M | 0.09% |
1,460,361
+1,054,410
| +260% | +$48.7M |
|
300
CNX Resources
CNX
$5.42B
| $64.7M | 0.09% |
4,423,371
+4,196,309
| +1,848% | +$58M |
|
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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.