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 | |
|---|---|---|---|---|---|---|
|
LOGM
301
DELISTED
LogMein, Inc.
LOGM
| $64.7M | 0.09% |
564,639
-267,911
| -32% | -$31.5M |
|
302
Dana Inc
DAN
$3.32B
| $64.6M | 0.09% |
2,019,475
-734,942
| -27% | -$22.6M |
|
303
Fortune Brands Innovations
FBIN
$5.41B
| $64.3M | 0.09% |
+1,099,398
| New | +$62.4M |
|
304
Sysco
SYY
$40.3B
| $64.2M | 0.09% |
1,057,931
+925,982
| +702% | +$52.5M |
|
305
Thor Industries
THO
$4.14B
| $64.2M | 0.09% |
425,628
-128,807
| -23% | -$17.9M |
|
306
Union Pacific
UNP
$183B
| $64.1M | 0.09% |
478,131
+408,661
| +588% | +$49.3M |
|
307
JB Hunt Transport Services
JBHT
$24.7B
| $64M | 0.09% |
556,693
-285,360
| -34% | -$30.7M |
|
308
KeyCorp
KEY
$23.4B
| $63.9M | 0.09% |
3,167,353
-7,878,498
| -71% | -$149M |
|
309
Portland General Electric
POR
$5.82B
| $63.6M | 0.09% |
1,395,702
+389,554
| +39% | +$18.4M |
|
|
AET
310
PUT
DELISTED
Aetna Inc
AET
| $63.5M | 0.09% |
+352,000
| New | +$60.5M |
|
311
Waste Management
WM
$90.7B
| $63.4M | 0.09% |
734,699
-550,260
| -43% | -$44.8M |
|
|
HRC
312
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $63.3M | 0.09% |
751,249
-182,300
| -20% | -$14.8M |
|
313
Texas Instruments
TXN
$235B
| $63.3M | 0.09% |
605,809
-920,148
| -60% | -$89.6M |
|
|
APC
314
DELISTED
Anadarko Petroleum
APC
| $63.2M | 0.09% |
1,178,355
-2,195,361
| -65% | -$108M |
|
315
Watsco Inc
WSO
$12.9B
| $63.1M | 0.09% |
+371,147
| New | +$61.3M |
|
|
DFS
316
DELISTED
Discover Financial Services
DFS
| $62.9M | 0.09% |
817,692
-1,067,365
| -57% | -$73.4M |
|
317
FerroAtlántica
GSM
$753M
| $62.7M | 0.09% |
3,868,870
-421,802
| -10% | -$6.53M |
|
|
PPL
318
PPL Corp
PPL
$26.1B
| $62.5M | 0.09% |
2,019,017
-2,439,824
| -55% | -$87.6M |
|
|
319
Public Service Enterprise Group
PEG
$36.3B
| $62.4M | 0.09% |
1,211,802
-4,195,609
| -78% | -$211M |
|
320
Labcorp
LH
$27.4B
| $62.3M | 0.09% |
454,918
-117,725
| -21% | -$15.6M |
|
|
TVTY
321
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $62.1M | 0.09% |
1,699,601
+134,798
| +9% | +$5.11M |
|
322
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $61.9M | 0.09% |
509,189
+394,289
| +343% | +$47.7M |
|
323
Teck Resources
TECK
$34.1B
| $61.7M | 0.09% |
2,357,164
+1,057,508
| +81% | +$24.1M |
|
|
PX
324
DELISTED
Praxair Inc
PX
| $61.4M | 0.08% |
397,213
+208,233
| +110% | +$30.9M |
|
325
Plains GP Holdings
PAGP
$5.33B
| $61.2M | 0.08% |
2,789,044
+973,946
| +54% | +$20.5M |
|
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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.