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 | |
|---|---|---|---|---|---|---|
|
CAF
3301
Morgan Stanley China A Share Fund
CAF
$319M
| $327K | ﹤0.01% |
13,997
+397
| +3% | +$9.5K |
|
3302
Hormel Foods
HRL
$13.3B
| $327K | ﹤0.01% |
8,987
-270,401
| -97% | -$9.09M |
|
|
FPL
3303
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
| $327K | ﹤0.01% |
27,354
+3,990
| +17% | +$47.8K |
|
|
LUNA
3304
DELISTED
Luna Innovations Incorporated
LUNA
| $327K | ﹤0.01% |
+134,677
| New | +$264K |
|
3305
Mustang Bio
MBIO
$4.39M
| $326K | ﹤0.01% |
+36
| New | +$279K |
|
3306
Lineage Cell Therapeutics
LCTX
$276M
| $324K | ﹤0.01% |
172,274
+155,683
| +938% | +$340K |
|
3307
PetMed Express
PETS
$37.9M
| $324K | ﹤0.01% |
7,115
-479,040
| -99% | -$18.9M |
|
3308
Universal Electronics
UEIC
$56.8M
| $324K | ﹤0.01% |
+6,859
| New | +$380K |
|
|
FRSH
3309
DELISTED
Papa Murphy's Holdings, Inc
FRSH
| $324K | ﹤0.01% |
60,240
+31,107
| +107% | +$183K |
|
3310
Mistras Group
MG
$608M
| $322K | ﹤0.01% |
+13,713
| New | +$299K |
|
3311
iShares Intermediate Government/Credit Bond ETF
GVI
$3.81B
| $321K | ﹤0.01% |
+2,924
| New | +$323K |
|
|
AMBR
3312
DELISTED
Amber Road Inc
AMBR
| $321K | ﹤0.01% |
43,781
+14,114
| +48% | +$105K |
|
3313
Quaker Houghton
KWR
$2.79B
| $320K | ﹤0.01% |
+2,119
| New | +$328K |
|
|
GRVY
3314
GRAVITY
GRVY
$502M
| $319K | ﹤0.01% |
+6,756
| New | +$219K |
|
|
HIO
3315
Western Asset High Income Opportunity Fund
HIO
$331M
| $319K | ﹤0.01% |
+62,837
| New | +$317K |
|
3316
Nuveen Municipal Credit Income Fund
NZF
$2.4B
| $318K | ﹤0.01% |
20,850
-3,551
| -15% | -$53.9K |
|
3317
Resources Connection
RGP
$147M
| $316K | ﹤0.01% |
20,464
-15,901
| -44% | -$246K |
|
3318
Acadia Healthcare
ACHC
$2.67B
| $315K | ﹤0.01% |
9,661
-829,207
| -99% | -$28.7M |
|
|
CCEC
3319
Capital Clean Energy Carriers
CCEC
$1.38B
| $315K | ﹤0.01% |
13,373
+3,287
| +33% | +$77.2K |
|
|
NCNA
3320
NuCana
NCNA
$6.12M
| $314K | ﹤0.01% |
6
-32
| -84% | -$2M |
|
|
SELF
3321
Global Self Storage
SELF
$64.8M
| $314K | ﹤0.01% |
68,116
-35,192
| -34% | -$167K |
|
|
NFBK
3322
DELISTED
Northfield Bancorp
NFBK
| $313K | ﹤0.01% |
18,301
-63,541
| -78% | -$1.1M |
|
3323
SiriusXM
SIRI
$9.59B
| $313K | ﹤0.01% |
5,836
-167,081
| -97% | -$9.23M |
|
|
RAD
3324
DELISTED
Rite Aid Corporation
RAD
| $313K | ﹤0.01% |
7,941
-100,440
| -93% | -$3.59M |
|
3325
Stride
LRN
$3.54B
| $311K | ﹤0.01% |
19,563
-63,329
| -76% | -$1.05M |
|
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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.