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 | |
|---|---|---|---|---|---|---|
376
Ball Corp
BALL
$17B
| $54.9M | 0.08% |
1,450,695
+1,106,893
| +322% | +$44.9M |
|
377
DTE Energy
DTE
$28.2B
| $54.6M | 0.08% |
585,712
+520,069
| +792% | +$49.4M |
|
378
KLA
KLAC
$235B
| $54.5M | 0.08% |
5,182,960
+2,092,810
| +68% | +$22.1M |
|
379
Sony
SONY
$142B
| $54.4M | 0.08% |
6,048,910
-113,445
| -2% | -$974K |
|
|
EV
380
DELISTED
Eaton Vance Corp.
EV
| $54.2M | 0.07% |
960,508
-420,154
| -30% | -$22.2M |
|
381
Rio Tinto
RIO
$170B
| $54.1M | 0.07% |
1,022,195
+395,984
| +63% | +$19.3M |
|
382
Brown & Brown
BRO
$24.9B
| $54M | 0.07% |
2,099,300
+1,540,752
| +276% | +$38.7M |
|
383
Alibaba
BABA
$286B
| $53.8M | 0.07% |
+311,854
| New | +$55.9M |
|
|
PAY
384
DELISTED
Verifone Systems Inc
PAY
| $53.7M | 0.07% |
3,034,660
+1,440,432
| +90% | +$26.8M |
|
385
Philip Morris
PM
$299B
| $53.3M | 0.07% |
504,204
-236,476
| -32% | -$25.2M |
|
386
Melco Resorts & Entertainment
MLCO
$2.08B
| $53.2M | 0.07% |
1,832,420
+23,768
| +1% | +$606K |
|
|
STAY
387
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $53.2M | 0.07% |
2,797,967
-1,490,160
| -35% | -$27.8M |
|
388
Fomento Económico Mexicano
FMX
$41.1B
| $53.1M | 0.07% |
565,201
+328,012
| +138% | +$29.9M |
|
|
UMPQ
389
DELISTED
Umpqua Holdings Corp
UMPQ
| $53.1M | 0.07% |
2,551,037
-1,136,124
| -31% | -$23.5M |
|
390
Expedia Group
EXPE
$40.1B
| $52.9M | 0.07% |
442,005
+368,604
| +502% | +$47.8M |
|
|
FMSA
391
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $52.9M | 0.07% |
10,112,026
+6,198,262
| +158% | +$29.2M |
|
392
Teradyne
TER
$56.6B
| $52.8M | 0.07% |
1,260,870
+162,692
| +15% | +$6.71M |
|
393
COPT Defense Properties
CDP
$4.23B
| $52.7M | 0.07% |
1,803,615
+1,606,372
| +814% | +$50.4M |
|
394
Five Below
FIVE
$14.2B
| $52.6M | 0.07% |
793,756
+435,463
| +122% | +$26.2M |
|
395
NNN REIT
NNN
$8.88B
| $52.6M | 0.07% |
1,218,469
-286,028
| -19% | -$12M |
|
396
LKQ Corp
LKQ
$6.48B
| $52.1M | 0.07% |
1,281,123
+1,203,833
| +1,558% | +$46.1M |
|
397
Freeport-McMoran
FCX
$111B
| $52.1M | 0.07% |
2,746,504
-510,900
| -16% | -$7.71M |
|
398
Hubbell
HUBB
$24.7B
| $52M | 0.07% |
384,536
-430,238
| -53% | -$53.7M |
|
399
Thomson Reuters
TRI
$46.7B
| $52M | 0.07% |
1,028,650
-956,054
| -48% | -$50M |
|
400
Textron
TXT
$14.2B
| $52M | 0.07% |
919,119
+202,322
| +28% | +$11M |
|
Similar funds
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.