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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Restaurant Brands International
QSR
$28.2B
| $37.9M | 0.07% |
679,351
+158,810
| +31% | +$8.31M |
|
402
Qiagen
QGEN
$9.1B
| $37.7M | 0.07% |
+1,227,618
| New | +$37.8M |
|
403
Red Robin
RRGB
$189M
| $37.6M | 0.07% |
643,584
+575,729
| +848% | +$28.9M |
|
|
CONE
404
DELISTED
CyrusOne Inc Common Stock
CONE
| $37.6M | 0.07% |
730,045
-1,111,974
| -60% | -$54.6M |
|
405
Zurn Elkay Water Solutions
ZWS
$8.13B
| $37.5M | 0.07% |
+3,375,514
| New | +$36.4M |
|
406
Marvell Technology
MRVL
$213B
| $37.4M | 0.07% |
2,450,620
+239,006
| +11% | +$3.68M |
|
|
LVLT
407
DELISTED
Level 3 Communications Inc
LVLT
| $37.3M | 0.07% |
651,278
-181,341
| -22% | -$10.5M |
|
|
WCN
408
Waste Connections
WCN
$42.6B
| $37M | 0.07% |
628,542
-399,252
| -39% | -$22.2M |
|
409
Atmos Energy
ATO
$28.2B
| $36.9M | 0.07% |
467,219
-160,233
| -26% | -$12.3M |
|
|
SEE
410
DELISTED
Sealed Air
SEE
| $36.8M | 0.07% |
843,838
+471,262
| +126% | +$22.2M |
|
411
PUT
Bristol-Myers Squibb
BMY
$137B
| $36.7M | 0.07% |
+675,000
| New | +$37M |
|
|
PXD
412
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $36.7M | 0.07% |
197,000
-60,700
| -24% | -$11.3M |
|
413
FerroAtlántica
GSM
$762M
| $36.7M | 0.07% |
3,551,400
+701,944
| +25% | +$7.39M |
|
414
Cleveland-Cliffs
CLF
$6.43B
| $36.5M | 0.07% |
4,440,381
+3,151,710
| +245% | +$29.9M |
|
|
NFX
415
DELISTED
Newfield Exploration
NFX
| $36.3M | 0.07% |
983,665
-828,099
| -46% | -$32.2M |
|
416
Whirlpool
WHR
$2.63B
| $36.3M | 0.07% |
+211,841
| New | +$37.6M |
|
417
MGM Resorts International
MGM
$11B
| $36.3M | 0.07% |
1,323,495
+805,416
| +155% | +$22.3M |
|
418
JetBlue
JBLU
$1.85B
| $36.1M | 0.07% |
1,754,007
-303,126
| -15% | -$6.18M |
|
419
Itaú Unibanco
ITUB
$82.4B
| $36.1M | 0.07% |
6,171,444
+5,718,596
| +1,263% | +$33.9M |
|
420
CALL
Intel
INTC
$476B
| $36.1M | 0.07% |
+1,000,000
| New | +$36.2M |
|
|
421
PUT
Intel
INTC
$476B
| $36.1M | 0.07% |
+1,000,000
| New | +$36.2M |
|
422
Ross Stores
ROST
$76.7B
| $36M | 0.07% |
545,984
+174,972
| +47% | +$11.7M |
|
423
NetApp
NTAP
$37.7B
| $35.9M | 0.07% |
858,507
-15,874
| -2% | -$626K |
|
|
DNKN
424
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $35.8M | 0.07% |
654,785
+487,980
| +293% | +$26.2M |
|
425
Associated Banc-Corp
ASB
$5.82B
| $35.8M | 0.07% |
1,467,231
+918,894
| +168% | +$23.1M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.