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 |
AABA
Altaba Inc
AABA
|
+$862M |
| 2 |
EA
Electronic Arts
EA
|
+$196M |
| 3 |
Bank of America
BAC
|
+$187M |
| 4 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$183M |
| 5 |
Regions Financial
RF
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$290M |
| 2 |
Huntsman Corp
HUN
|
+$181M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$164M |
| 4 |
Targa Resources
TRGP
|
+$154M |
| 5 |
Fortive
FTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Financials | 12.22% |
| 3 | Technology | 12.2% |
| 4 | Industrials | 9.84% |
| 5 | Consumer Discretionary | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Credit Acceptance
CACC
$6.24B
| $45.9M | 0.08% |
+178,617
| New | +$39.1M |
|
327
J.M. Smucker
SJM
$13.3B
| $45.9M | 0.08% |
387,928
-97,657
| -20% | -$12.3M |
|
328
Sarepta Therapeutics
SRPT
$1.98B
| $45.9M | 0.08% |
1,360,526
+1,226,065
| +912% | +$39.9M |
|
329
PUT
The Mosaic Company
MOS
$7.76B
| $45.7M | 0.08% |
+2,000,000
| New | +$49.1M |
|
330
Green Plains
GPRE
$1.14B
| $45.6M | 0.08% |
2,221,433
+2,086,001
| +1,540% | +$47.5M |
|
|
WRK
331
DELISTED
WestRock Company
WRK
| $45.4M | 0.08% |
800,669
+548,611
| +218% | +$29.8M |
|
|
LOGM
332
DELISTED
LogMein, Inc.
LOGM
| $45.3M | 0.08% |
433,569
-245,232
| -36% | -$26.8M |
|
|
TSRO
333
DELISTED
TESARO, Inc.
TSRO
| $45.2M | 0.08% |
323,268
+304,075
| +1,584% | +$44M |
|
334
Campbell Soup
CPB
$7.14B
| $45.2M | 0.08% |
866,254
+538,279
| +164% | +$30.5M |
|
|
FLIR
335
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $44.9M | 0.08% |
1,296,278
+519,888
| +67% | +$19M |
|
|
HRG
336
DELISTED
HRG Group, Inc.
HRG
| $44.9M | 0.08% |
2,533,026
+964,133
| +61% | +$18.1M |
|
337
ON Semiconductor
ON
$28.9B
| $44.8M | 0.08% |
3,189,839
-750,851
| -19% | -$11.3M |
|
338
H&R Block
HRB
$6.62B
| $44.5M | 0.08% |
+1,441,225
| New | +$37.8M |
|
|
GOLD
339
DELISTED
Randgold Resources Ltd
GOLD
| $44.1M | 0.08% |
498,900
+31,769
| +7% | +$2.91M |
|
|
TECD
340
DELISTED
Tech Data Corp
TECD
| $44.1M | 0.08% |
436,477
+184,901
| +73% | +$17.8M |
|
|
AVB
341
DELISTED
AvalonBay Communities
AVB
| $44.1M | 0.08% |
229,379
+227,256
| +10,704% | +$43.4M |
|
342
Melco Resorts & Entertainment
MLCO
$2.09B
| $44.1M | 0.08% |
1,963,353
+412,894
| +27% | +$9M |
|
343
American Airlines Group
AAL
$9.15B
| $44M | 0.08% |
873,584
+200,484
| +30% | +$9.32M |
|
|
TMHC
344
DELISTED
Taylor Morrison
TMHC
| $43.8M | 0.08% |
1,824,059
+908,415
| +99% | +$20.9M |
|
345
Five Below
FIVE
$13.8B
| $43.4M | 0.08% |
879,173
+231,054
| +36% | +$11.4M |
|
346
Coca-Cola Europacific Partners
CCEP
$47.7B
| $43.3M | 0.08% |
1,064,637
+570,192
| +115% | +$22.6M |
|
|
MSCC
347
DELISTED
Microsemi Corp
MSCC
| $43.2M | 0.08% |
923,872
-505,644
| -35% | -$24.7M |
|
348
PayPal
PYPL
$52.7B
| $43.2M | 0.08% |
+804,259
| New | +$39.5M |
|
349
Chevron
CVX
$403B
| $43.1M | 0.08% |
413,543
-662,632
| -62% | -$70.2M |
|
|
HES
350
DELISTED
Hess
HES
| $43.1M | 0.08% |
982,488
+569,783
| +138% | +$26.6M |
|
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Israel Englander's Q2 2017 Portfolio in Review
As of Q2 2017, Israel Englander held 4,244 positions worth $56.1B, up 2.7% from $54.6B the previous quarter. Its ten largest holdings account for 6.5% of the portfolio.
Israel Englander's Q2 2017 filing shows 803 new, 1,286 increased, 1,278 reduced and 840 closed positions. Its largest new stake was Altaba Inc: 15,840,905 shares worth $863M. The largest sale was American Electric Power, an estimated $290M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Technology.
- Israel Englander's largest Q2 2017 buy was Altaba Inc: 15,840,905 shares worth $863M.
- Israel Englander added most to Electronic Arts in Q2 2017, an estimated $196M increase.
- Israel Englander's biggest Q2 2017 reduction was American Electric Power, cutting an estimated $290M.
- Israel Englander fully exited GGP Inc. in Q2 2017, selling an estimated $125M.
- Israel Englander's ten largest holdings make up 6.5% of its $56.1B portfolio in Q2 2017.
- Israel Englander opened 803 new positions and closed 840 in Q2 2017.
- Israel Englander's portfolio value rose 2.7% quarter-over-quarter to $56.1B.
Based on Millennium Management's 13F filing for Q2 2017, filed 14 Aug 2017.