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 | |
|---|---|---|---|---|---|---|
|
CELG
376
DELISTED
Celgene Corp
CELG
| $45.7M | 0.07% |
313,307
+297,717
| +1,910% | +$40.6M |
|
377
PENN Entertainment
PENN
$2.5B
| $45.5M | 0.07% |
1,945,414
+99,948
| +5% | +$2.14M |
|
|
CONE
378
DELISTED
CyrusOne Inc Common Stock
CONE
| $45.4M | 0.07% |
769,612
-472,844
| -38% | -$28.2M |
|
379
Advance Auto Parts
AAP
$2.57B
| $45.3M | 0.07% |
456,620
+257,008
| +129% | +$25.9M |
|
380
Capital One
COF
$134B
| $45.3M | 0.07% |
534,685
+505,460
| +1,730% | +$41.7M |
|
381
Tower Semiconductor
TSEM
$25.2B
| $45.2M | 0.07% |
1,470,943
+429,684
| +41% | +$11.7M |
|
382
Elevance Health
ELV
$86.9B
| $45.2M | 0.07% |
237,875
-435,065
| -65% | -$82.8M |
|
|
LQ
383
DELISTED
La Quinta Holdings Inc.
LQ
| $45.2M | 0.07% |
2,580,796
+608,361
| +31% | +$9.45M |
|
384
Cooper Companies
COO
$14.9B
| $45.2M | 0.07% |
+761,848
| New | +$46.6M |
|
385
Trinity Industries
TRN
$2.37B
| $45M | 0.07% |
1,959,147
+436,411
| +29% | +$9.01M |
|
386
Sonoco
SON
$5.88B
| $45M | 0.07% |
891,329
+623,359
| +233% | +$30.7M |
|
387
Tenaris
TS
$26.6B
| $44.8M | 0.07% |
1,582,081
-1,788,828
| -53% | -$52.2M |
|
388
Copart
CPRT
$31.3B
| $44.5M | 0.07% |
+5,182,568
| New | +$41.5M |
|
389
CALL
Olin
OLN
$2.1B
| $44.5M | 0.07% |
1,300,000
+800,000
| +160% | +$24.9M |
|
390
Peabody Energy
BTU
$3.37B
| $44.5M | 0.07% |
+1,534,475
| New | +$43.3M |
|
391
Cousins Properties
CUZ
$4.89B
| $44.4M | 0.07% |
1,188,987
+498,968
| +72% | +$18.2M |
|
|
PRXL
392
DELISTED
Parexel International Corp
PRXL
| $44.4M | 0.07% |
504,154
+403,192
| +399% | +$35.3M |
|
393
Valero Energy
VLO
$100B
| $44.2M | 0.07% |
+575,183
| New | +$39.6M |
|
394
BioMarin Pharmaceuticals
BMRN
$12.9B
| $44.2M | 0.07% |
474,732
-410,262
| -46% | -$36.3M |
|
395
AbbVie
ABBV
$468B
| $44.2M | 0.07% |
497,085
-1,565,800
| -76% | -$119M |
|
|
GMS
396
DELISTED
GMS Inc
GMS
| $44.1M | 0.07% |
1,246,627
+964,444
| +342% | +$29.8M |
|
397
L3Harris
LHX
$49.7B
| $44.1M | 0.07% |
334,878
+689
| +0.2% | +$82.7K |
|
398
Synchrony
SYF
$25.9B
| $43.8M | 0.07% |
1,409,960
+190,945
| +16% | +$5.71M |
|
|
EE
399
DELISTED
El Paso Electric Company
EE
| $43.7M | 0.07% |
791,332
+57,915
| +8% | +$3.11M |
|
400
Melco Resorts & Entertainment
MLCO
$2.09B
| $43.6M | 0.07% |
1,808,652
-154,701
| -8% | -$3.36M |
|
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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.