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 | |
|---|---|---|---|---|---|---|
3126
Prologis
PLD
$136B
| $463K | ﹤0.01% |
+7,183
| New | +$469K |
|
3127
Monro
MNRO
$436M
| $462K | ﹤0.01% |
+8,106
| New | +$422K |
|
|
SCPH
3128
DELISTED
scPharmaceuticals
SCPH
| $462K | ﹤0.01% |
+38,182
| New | +$539K |
|
3129
Alamo Group
ALG
$1.97B
| $460K | ﹤0.01% |
+4,074
| New | +$455K |
|
3130
Lipocine
LPCN
$17.7M
| $460K | ﹤0.01% |
7,872
-3,497
| -31% | -$217K |
|
3131
Shenandoah Telecom
SHEN
$680M
| $459K | ﹤0.01% |
+13,590
| New | +$500K |
|
3132
Wabash National
WNC
$506M
| $459K | ﹤0.01% |
21,168
-36,159
| -63% | -$753K |
|
|
SSI
3133
DELISTED
Stage Stores Inc
SSI
| $459K | ﹤0.01% |
273,233
-119,012
| -30% | -$220K |
|
3134
e.l.f. Beauty
ELF
$6.24B
| $458K | ﹤0.01% |
+20,528
| New | +$438K |
|
3135
Celsius Holdings
CELH
$8.94B
| $456K | ﹤0.01% |
+260,622
| New | +$457K |
|
|
FRGI
3136
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $456K | ﹤0.01% |
24,002
-145,514
| -86% | -$2.62M |
|
|
ADAM
3137
Adamas Trust
ADAM
$884M
| $455K | ﹤0.01% |
+18,439
| New | +$463K |
|
3138
Funko
FNKO
$377M
| $453K | ﹤0.01% |
+68,169
| New | +$526K |
|
|
SPHS
3139
DELISTED
Sophiris Bio, Inc.
SPHS
| $453K | ﹤0.01% |
+199,705
| New | +$435K |
|
3140
Invesco Financial Preferred ETF
PGF
$663M
| $452K | ﹤0.01% |
23,954
-43
| -0.2% | -$814 |
|
3141
NextDecade
NEXT
$1.99B
| $451K | ﹤0.01% |
54,153
-202,538
| -79% | -$1.91M |
|
3142
Energy Recovery
ERII
$401M
| $447K | ﹤0.01% |
51,099
-1,156,887
| -96% | -$10.5M |
|
3143
Guggenheim Strategic Opportunities Fund
GOF
$2.15B
| $447K | ﹤0.01% |
20,704
+10,034
| +94% | +$215K |
|
3144
Targa Resources
TRGP
$61.5B
| $446K | ﹤0.01% |
9,204
-488,095
| -98% | -$21.8M |
|
|
SVU
3145
DELISTED
SUPERVALU Inc.
SVU
| $446K | ﹤0.01% |
20,627
-116,509
| -85% | -$2.13M |
|
3146
IRIDEX
IRIX
$12.5M
| $445K | ﹤0.01% |
58,412
-39,554
| -40% | -$338K |
|
3147
Century Aluminum
CENX
$4.38B
| $442K | ﹤0.01% |
22,486
-632,403
| -97% | -$9.68M |
|
3148
CPI Card Group
PMTS
$334M
| $442K | ﹤0.01% |
+120,416
| New | +$590K |
|
|
HLTH
3149
DELISTED
Nobilis Health Corp.
HLTH
| $442K | ﹤0.01% |
327,076
-329,711
| -50% | -$455K |
|
|
RGLS
3150
DELISTED
Regulus Therapeutics
RGLS
| $441K | ﹤0.01% |
3,537
+223
| +7% | +$28.2K |
|
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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.