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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.75% |
| 2 | Technology | 13.18% |
| 3 | Healthcare | 11.51% |
| 4 | Industrials | 10.45% |
| 5 | Consumer Discretionary | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Citizens Financial Group
CFG
$29.4B
| $58.2M | 0.09% |
1,535,811
-209,325
| -12% | -$7.32M |
|
302
Popular Inc
BPOP
$10.8B
| $57.8M | 0.09% |
1,607,154
+936,884
| +140% | +$37.9M |
|
|
CADE
303
DELISTED
Cadence Bank
CADE
| $57.2M | 0.09% |
1,784,286
+737,091
| +70% | +$22.1M |
|
304
EQT Corp
EQT
$33.6B
| $56.8M | 0.09% |
1,599,656
-360,877
| -18% | -$12.3M |
|
305
Synopsys
SNPS
$76.2B
| $56.7M | 0.09% |
704,695
+130,859
| +23% | +$10.2M |
|
306
Johnson & Johnson
JNJ
$651B
| $56.5M | 0.09% |
434,874
-41,236
| -9% | -$5.47M |
|
307
Dominion Energy
D
$58.6B
| $56.5M | 0.09% |
734,489
+203,658
| +38% | +$15.8M |
|
308
FerroAtlántica
GSM
$762M
| $56.5M | 0.09% |
4,290,672
+178,289
| +4% | +$2.32M |
|
309
Puma Biotechnology
PBYI
$477M
| $56.3M | 0.09% |
469,973
-985,388
| -68% | -$91.6M |
|
|
AF
310
DELISTED
Astoria Financial Corporation
AF
| $56.3M | 0.09% |
2,616,270
+2,513,023
| +2,434% | +$50M |
|
|
PDCO
311
DELISTED
Patterson Companies, Inc.
PDCO
| $56.1M | 0.09% |
1,450,261
+349,713
| +32% | +$14M |
|
312
Black Hills Corp
BKH
$5.47B
| $55.6M | 0.08% |
806,989
+125,028
| +18% | +$8.68M |
|
|
SC
313
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $55.4M | 0.08% |
3,601,149
+1,720,247
| +91% | +$23.5M |
|
|
RTN
314
DELISTED
Raytheon Company
RTN
| $55.1M | 0.08% |
295,557
-316,830
| -52% | -$55.8M |
|
315
Idexx Laboratories
IDXX
$43.9B
| $54.9M | 0.08% |
352,885
+201,330
| +133% | +$31.8M |
|
316
Prosperity Bancshares
PB
$8.75B
| $54.2M | 0.08% |
823,844
+182,782
| +29% | +$11.4M |
|
317
Dell
DELL
$286B
| $53.9M | 0.08% |
2,485,383
+297,056
| +14% | +$5.72M |
|
318
F5
FFIV
$21.8B
| $53.8M | 0.08% |
446,313
-203,768
| -31% | -$24.6M |
|
|
FMBI
319
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $53.7M | 0.08% |
2,293,008
-939,292
| -29% | -$20.9M |
|
320
Sarepta Therapeutics
SRPT
$1.98B
| $53.6M | 0.08% |
1,182,268
-178,258
| -13% | -$7.12M |
|
321
Cadence Design Systems
CDNS
$87.9B
| $53.5M | 0.08% |
1,356,188
-646,826
| -32% | -$23.8M |
|
|
K
322
DELISTED
Kellanova
K
| $53.4M | 0.08% |
912,381
+606,340
| +198% | +$38.3M |
|
323
Essex Property Trust
ESS
$18.6B
| $53.3M | 0.08% |
209,962
+196,626
| +1,474% | +$51.4M |
|
324
Invitation Homes
INVH
$17.9B
| $53.2M | 0.08% |
2,347,164
-434,439
| -16% | -$9.63M |
|
|
BERY
325
DELISTED
Berry Global Group, Inc.
BERY
| $53.1M | 0.08% |
1,020,968
+736,502
| +259% | +$38.5M |
|
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Israel Englander's Q3 2017 Portfolio in Review
As of Q3 2017, Israel Englander held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Israel Englander deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Israel Englander's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Israel Englander added most to Salesforce in Q3 2017, an estimated $208M increase.
- Israel Englander's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Israel Englander fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Israel Englander opened 794 new positions and closed 737 in Q3 2017.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.