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 | |
|---|---|---|---|---|---|---|
326
ZTO Express
ZTO
$16.2B
| $52.5M | 0.08% |
3,741,983
-3,117,656
| -45% | -$45M |
|
327
Fastenal
FAST
$58.8B
| $52.4M | 0.08% |
4,600,732
-3,844,568
| -46% | -$41.4M |
|
328
Highwoods Properties
HIW
$3.46B
| $52.4M | 0.08% |
1,006,127
-224,711
| -18% | -$11.5M |
|
329
Wells Fargo
WFC
$254B
| $52.2M | 0.08% |
946,830
+752,074
| +386% | +$40M |
|
330
Kinder Morgan
KMI
$69B
| $52.1M | 0.08% |
2,716,148
+909,469
| +50% | +$17.7M |
|
|
MGP
331
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $52M | 0.08% |
1,722,239
+591,788
| +52% | +$17.7M |
|
332
Radian Group
RDN
$4.84B
| $51.9M | 0.08% |
2,778,579
+2,028,158
| +270% | +$35.2M |
|
333
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $51.9M | 0.08% |
350,000
+307,700
| +727% | +$43.3M |
|
334
Kimberly-Clark
KMB
$36.4B
| $51.5M | 0.08% |
437,286
-496,851
| -53% | -$60.7M |
|
335
Baker Hughes
BKR
$61.9B
| $51.3M | 0.08% |
+1,401,012
| New | +$49.7M |
|
|
336
Entergy
ETR
$48.8B
| $51.3M | 0.08% |
1,342,430
-4,048,692
| -75% | -$157M |
|
|
XLNX
337
DELISTED
Xilinx Inc
XLNX
| $51.2M | 0.08% |
722,915
+661,716
| +1,081% | +$43.2M |
|
338
Revvity
RVTY
$13.9B
| $51.1M | 0.08% |
740,827
+227,108
| +44% | +$15.2M |
|
|
MIC
339
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $50.8M | 0.08% |
704,418
+358,990
| +104% | +$26.8M |
|
340
Amazon
AMZN
$2.79T
| $50.8M | 0.08% |
1,055,840
-33,760
| -3% | -$1.66M |
|
341
PUT
Bank of America
BAC
$431B
| $50.7M | 0.08% |
2,000,000
-2,500,000
| -56% | -$60.7M |
|
|
CZR
342
DELISTED
Caesars Entertainment Corporation
CZR
| $50.3M | 0.08% |
3,769,943
+2,996,319
| +387% | +$36.3M |
|
343
Eastman Chemical
EMN
$8.47B
| $50.2M | 0.08% |
555,189
+526,658
| +1,846% | +$44.8M |
|
344
Range Resources
RRC
$9.59B
| $50.2M | 0.08% |
2,563,958
-2,184,908
| -46% | -$42.2M |
|
345
PVH
PVH
$3.62B
| $50M | 0.08% |
396,954
-59,453
| -13% | -$7.24M |
|
346
Advanced Micro Devices
AMD
$773B
| $49.7M | 0.08% |
3,900,087
-3,460,573
| -47% | -$45.2M |
|
|
SCG
347
DELISTED
Scana
SCG
| $49.7M | 0.08% |
1,024,059
+556,913
| +119% | +$34.2M |
|
348
Reinsurance Group of America
RGA
$15.9B
| $49.6M | 0.08% |
355,225
+305,317
| +612% | +$41.3M |
|
349
Comcast
CMCSA
$95.3B
| $49.6M | 0.08% |
1,287,785
-545,195
| -30% | -$21.5M |
|
|
TIF
350
DELISTED
Tiffany & Co.
TIF
| $49.5M | 0.08% |
539,524
+192,199
| +55% | +$17.6M |
|
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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.