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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Motorola Solutions
MSI
$79.5B
| $51.5M | 0.09% |
597,063
+34,587
| +6% | +$2.83M |
|
302
Westlake Corp
WLK
$10.1B
| $51.5M | 0.09% |
+779,020
| New | +$49.3M |
|
|
DNB
303
DELISTED
Dun & Bradstreet
DNB
| $51.2M | 0.09% |
474,327
+455,730
| +2,451% | +$51.6M |
|
304
Ovintiv
OVV
$18.5B
| $51.2M | 0.09% |
874,229
-364,373
| -29% | -$21.8M |
|
|
BNY
305
Bank of New York Mellon
BNY
$108B
| $51.1M | 0.09% |
1,081,228
-5,373,228
| -83% | -$251M |
|
306
JD.com
JD
$39.7B
| $50.8M | 0.09% |
1,633,601
+1,257,896
| +335% | +$37M |
|
|
SRCL
307
DELISTED
Stericycle Inc
SRCL
| $50.7M | 0.09% |
611,901
+231,071
| +61% | +$18.6M |
|
308
Tractor Supply
TSCO
$18.2B
| $50.5M | 0.09% |
3,660,830
-476,685
| -12% | -$6.94M |
|
309
Ares Capital
ARCC
$14.3B
| $50.5M | 0.09% |
2,905,289
+1,216,623
| +72% | +$21M |
|
|
SFR
310
DELISTED
Starwood Waypoint Homes
SFR
| $49.7M | 0.09% |
1,463,334
+149,186
| +11% | +$4.74M |
|
311
Baxter International
BAX
$13.6B
| $49.6M | 0.09% |
955,706
-935,128
| -49% | -$46M |
|
|
AERI
312
DELISTED
Aerie Pharmaceuticals
AERI
| $49.3M | 0.09% |
1,086,545
+210,643
| +24% | +$9.39M |
|
313
FedEx
FDX
$76.9B
| $49.2M | 0.09% |
252,170
+244,834
| +3,337% | +$46.8M |
|
|
TWX
314
DELISTED
Time Warner Inc
TWX
| $49.2M | 0.09% |
503,084
-171,780
| -25% | -$16.6M |
|
|
KSU
315
DELISTED
Kansas City Southern
KSU
| $49M | 0.09% |
571,674
-168,051
| -23% | -$14.4M |
|
|
SGEN
316
DELISTED
Seagen Inc. Common Stock
SGEN
| $48.8M | 0.09% |
+776,692
| New | +$48.5M |
|
317
Eagle Materials
EXP
$6.35B
| $48.8M | 0.09% |
502,069
+492,353
| +5,067% | +$50.2M |
|
|
UMPQ
318
DELISTED
Umpqua Holdings Corp
UMPQ
| $48.5M | 0.09% |
2,735,814
-2,857,331
| -51% | -$52.5M |
|
319
W.W. Grainger
GWW
$61.8B
| $48.5M | 0.09% |
208,417
+205,864
| +8,064% | +$50.7M |
|
320
Cummins
CMI
$80.9B
| $48.3M | 0.09% |
319,446
-466,843
| -59% | -$69.1M |
|
321
Packaging Corp of America
PKG
$22.5B
| $48.3M | 0.09% |
527,160
+506,909
| +2,503% | +$46.5M |
|
322
Abbott
ABT
$202B
| $48.2M | 0.09% |
1,086,095
-1,753,550
| -62% | -$75.8M |
|
323
CALL
Biogen
BIIB
$32B
| $48.2M | 0.09% |
176,400
+173,900
| +6,956% | +$49.2M |
|
324
Empire State Realty Trust
ESRT
$834M
| $48.2M | 0.09% |
2,335,378
+1,987,899
| +572% | +$41.1M |
|
|
WBA
325
DELISTED
Walgreens Boots Alliance
WBA
| $47.5M | 0.09% |
571,894
-805,121
| -58% | -$67.5M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.