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 | |
|---|---|---|---|---|---|---|
401
Varex Imaging
VREX
$780M
| $38.8M | 0.07% |
1,146,988
-160,536
| -12% | -$5.47M |
|
402
CALL
Seagate
STX
$193B
| $38.8M | 0.07% |
+1,000,000
| New | +$43.6M |
|
403
Ashland
ASH
$3.33B
| $38.7M | 0.07% |
587,878
+512,422
| +679% | +$32.6M |
|
404
Nokia
NOK
$57B
| $38.6M | 0.07% |
6,266,324
-307,130
| -5% | -$1.84M |
|
|
MDRX
405
DELISTED
Veradigm Inc. Common Stock
MDRX
| $38.4M | 0.07% |
3,008,429
+2,367,204
| +369% | +$28.7M |
|
406
Burlington
BURL
$20.6B
| $38M | 0.07% |
413,418
+115,593
| +39% | +$11.1M |
|
|
EE
407
DELISTED
El Paso Electric Company
EE
| $37.9M | 0.07% |
733,417
-64,853
| -8% | -$3.39M |
|
408
CALL
AT&T
T
$173B
| $37.7M | 0.07% |
1,324,000
| – | – |
|
409
Rithm Capital
RITM
$5.69B
| $37.6M | 0.07% |
2,417,701
+713,189
| +42% | +$11.8M |
|
410
BorgWarner
BWA
$13.8B
| $37.6M | 0.07% |
1,007,387
+662,655
| +192% | +$24M |
|
411
Dell
DELL
$286B
| $37.5M | 0.07% |
2,188,327
-2,681,390
| -55% | -$49.1M |
|
|
GRA
412
DELISTED
W.R. Grace & Co.
GRA
| $37.3M | 0.07% |
517,919
-162,863
| -24% | -$11.4M |
|
|
IMMU
413
DELISTED
Immunomedics Inc
IMMU
| $37.3M | 0.07% |
4,219,482
+2,427,332
| +135% | +$17M |
|
|
VMW
414
DELISTED
VMware, Inc
VMW
| $37.2M | 0.07% |
425,646
+104,195
| +32% | +$9.61M |
|
415
Duke Energy
DUK
$93.4B
| $37.1M | 0.07% |
444,030
+344,030
| +344% | +$28.9M |
|
|
RHT
416
DELISTED
Red Hat Inc
RHT
| $36.8M | 0.07% |
384,292
+20,642
| +6% | +$1.84M |
|
|
POT
417
PUT
DELISTED
Potash Corp Of Saskatchewan
POT
| $36.7M | 0.07% |
+2,250,000
| New | +$37.2M |
|
418
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $36.7M | 0.07% |
433,829
-40,007
| -8% | -$3.38M |
|
419
Empire State Realty Trust
ESRT
$834M
| $36.6M | 0.07% |
1,760,501
-574,877
| -25% | -$12.1M |
|
420
Exelixis
EXEL
$13.4B
| $36.5M | 0.07% |
1,483,104
+227,890
| +18% | +$4.82M |
|
421
Myriad Genetics
MYGN
$306M
| $36.5M | 0.07% |
1,412,571
-607,865
| -30% | -$12.9M |
|
422
L3Harris
LHX
$49.7B
| $36.5M | 0.07% |
334,189
-132,157
| -28% | -$14.6M |
|
|
BAS
423
DELISTED
Basis Energy Services, Inc.
BAS
| $36.4M | 0.06% |
1,461,265
+451,265
| +45% | +$12.5M |
|
424
Synchrony
SYF
$25.9B
| $36.4M | 0.06% |
1,219,015
-1,312,265
| -52% | -$38.9M |
|
425
Diamondrock Hospitality Co
DRH
$2.62B
| $36.3M | 0.06% |
3,318,681
+471,919
| +17% | +$5.27M |
|
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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.