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 | |
|---|---|---|---|---|---|---|
|
MGLN
351
DELISTED
Magellan Health Services, Inc.
MGLN
| $56.8M | 0.08% |
588,464
+41,463
| +8% | +$3.67M |
|
352
Eaton
ETN
$159B
| $56.8M | 0.08% |
718,852
+713,766
| +14,034% | +$55.5M |
|
353
General Dynamics
GD
$104B
| $56.7M | 0.08% |
278,809
+173,371
| +164% | +$35.4M |
|
354
PUT
GE Aerospace
GE
$354B
| $56.7M | 0.08% |
678,152
+459,057
| +210% | +$43.8M |
|
355
Ametek
AME
$55B
| $56.7M | 0.08% |
782,344
+474,712
| +154% | +$33.1M |
|
356
BioMarin Pharmaceuticals
BMRN
$12.6B
| $56.6M | 0.08% |
634,864
+160,132
| +34% | +$13.9M |
|
357
Mid-America Apartment Communities
MAA
$15.3B
| $56.6M | 0.08% |
562,920
-174,527
| -24% | -$18.1M |
|
|
CBI
358
CALL
DELISTED
Chicago Bridge & Iron Nv
CBI
| $56.5M | 0.08% |
3,500,000
-40,000
| -1% | -$652K |
|
359
Tenaris
TS
$26.5B
| $56.2M | 0.08% |
1,764,762
+182,681
| +12% | +$5.29M |
|
360
Teva Pharmaceuticals
TEVA
$42.9B
| $56.2M | 0.08% |
2,965,936
+1,071,583
| +57% | +$16.1M |
|
361
Dell
DELL
$281B
| $56.2M | 0.08% |
2,462,422
-22,961
| -0.9% | -$520K |
|
362
Axalta
AXTA
$7.74B
| $56.2M | 0.08% |
1,735,663
+1,252,686
| +259% | +$39.7M |
|
363
PBF Energy
PBF
$8.25B
| $56M | 0.08% |
+1,578,765
| New | +$48.8M |
|
|
QEP
364
DELISTED
QEP RESOURCES, INC.
QEP
| $55.8M | 0.08% |
5,831,485
-7,121,193
| -55% | -$64.5M |
|
|
COR
365
DELISTED
Coresite Realty Corporation
COR
| $55.7M | 0.08% |
489,216
-122,193
| -20% | -$13.9M |
|
366
Cintas
CTAS
$82.7B
| $55.6M | 0.08% |
1,427,340
+275,304
| +24% | +$10.5M |
|
367
Cheesecake Factory
CAKE
$5.7B
| $55.5M | 0.08% |
+1,152,789
| New | +$52.4M |
|
368
Baker Hughes
BKR
$60.8B
| $55.4M | 0.08% |
1,752,421
+351,409
| +25% | +$11.3M |
|
369
Ovintiv
OVV
$18B
| $55.4M | 0.08% |
831,445
-994,938
| -54% | -$58.7M |
|
370
BGC Group
BGC
$5.6B
| $55.4M | 0.08% |
5,700,608
+2,520,380
| +79% | +$25.4M |
|
371
Zimmer Biomet
ZBH
$19.3B
| $55.3M | 0.08% |
471,964
-69,896
| -13% | -$7.9M |
|
|
AMED
372
DELISTED
Amedisys
AMED
| $55.3M | 0.08% |
1,048,423
+435,734
| +71% | +$23M |
|
373
CALL
Devon Energy
DVN
$52.5B
| $55.2M | 0.08% |
1,333,900
| – | – |
|
374
Euronet Worldwide
EEFT
$2.62B
| $55M | 0.08% |
652,525
+515,535
| +376% | +$47.7M |
|
|
SKX
375
DELISTED
Skechers
SKX
| $54.9M | 0.08% |
1,451,375
-1,663,312
| -53% | -$53.9M |
|
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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.