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 | |
|---|---|---|---|---|---|---|
376
CarMax
KMX
$8.82B
| $41.1M | 0.07% |
651,900
+630,683
| +2,973% | +$38.1M |
|
377
CALL
AstraZeneca
AZN
$257B
| $40.9M | 0.07% |
600,000
-300,000
| -33% | -$19.6M |
|
378
Meritage Homes
MTH
$4.67B
| $40.9M | 0.07% |
1,938,204
+1,113,170
| +135% | +$22.1M |
|
379
Corpay
CPAY
$27.4B
| $40.8M | 0.07% |
282,628
-605,582
| -68% | -$86.5M |
|
380
Dominion Energy
D
$58.6B
| $40.7M | 0.07% |
530,831
+514,986
| +3,250% | +$40.5M |
|
|
MRSH
381
Marsh
MRSH
$91.6B
| $40.5M | 0.07% |
519,337
-740,631
| -59% | -$55.9M |
|
382
Universal Display
OLED
$3.95B
| $40.4M | 0.07% |
370,246
+219,051
| +145% | +$23.1M |
|
383
Armstrong World Industries
AWI
$7.55B
| $40.3M | 0.07% |
875,645
+371,740
| +74% | +$16.7M |
|
384
Adobe
ADBE
$109B
| $40.2M | 0.07% |
283,909
-352,849
| -55% | -$48.3M |
|
385
TechnipFMC
FTI
$30.4B
| $40M | 0.07% |
1,978,463
-3,610,186
| -65% | -$81.4M |
|
|
WLL
386
DELISTED
Whiting Petroleum Corporation
WLL
| $40M | 0.07% |
24,218
-16,054
| -40% | -$36.7M |
|
387
Dycom Industries
DY
$11.8B
| $40M | 0.07% |
+446,974
| New | +$43.3M |
|
388
ATI
ATI
$28.2B
| $39.8M | 0.07% |
2,342,385
+1,316,692
| +128% | +$22.1M |
|
389
Lowe's Companies
LOW
$121B
| $39.8M | 0.07% |
513,893
-1,075,031
| -68% | -$87.9M |
|
390
Medtronic
MDT
$119B
| $39.8M | 0.07% |
448,543
+261,669
| +140% | +$22.1M |
|
391
Alaska Air
ALK
$4.51B
| $39.8M | 0.07% |
443,103
+292,943
| +195% | +$25.7M |
|
392
PENN Entertainment
PENN
$2.5B
| $39.5M | 0.07% |
1,845,466
+635,524
| +53% | +$12.5M |
|
|
CBI
393
DELISTED
Chicago Bridge & Iron Nv
CBI
| $39.5M | 0.07% |
2,001,046
+1,950,606
| +3,867% | +$45.2M |
|
|
CBI
394
CALL
DELISTED
Chicago Bridge & Iron Nv
CBI
| $39.5M | 0.07% |
+2,000,000
| New | +$46.4M |
|
395
MGM Resorts International
MGM
$11B
| $39.2M | 0.07% |
1,253,761
-69,734
| -5% | -$2.16M |
|
|
COL
396
DELISTED
Rockwell Collins
COL
| $39.1M | 0.07% |
371,870
-480,832
| -56% | -$49.8M |
|
397
Teck Resources
TECK
$33.9B
| $39M | 0.07% |
2,251,934
+2,242,134
| +22,879% | +$42.9M |
|
398
Albemarle
ALB
$16.9B
| $39M | 0.07% |
369,327
+362,478
| +5,292% | +$39.4M |
|
399
Nexstar Media Group
NXST
$5.73B
| $38.9M | 0.07% |
651,242
+573,099
| +733% | +$35.9M |
|
|
KS
400
DELISTED
KapStone Paper and Pack Corp.
KS
| $38.9M | 0.07% |
1,886,531
+351,762
| +23% | +$7.57M |
|
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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.