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 | |
|---|---|---|---|---|---|---|
401
Ciena
CIEN
$52.7B
| $51.9M | 0.07% |
2,477,957
+2,011,805
| +432% | +$42.6M |
|
|
FMBI
402
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $51.8M | 0.07% |
2,156,143
-136,865
| -6% | -$3.25M |
|
|
SPN
403
DELISTED
Superior Energy Services, Inc.
SPN
| $51.7M | 0.07% |
537,351
+444,247
| +477% | +$41.2M |
|
404
CALL
Enterprise Products Partners
EPD
$82.8B
| $51.6M | 0.07% |
1,947,600
+1,506,700
| +342% | +$38.1M |
|
405
PVH
PVH
$3.55B
| $51.2M | 0.07% |
373,471
-23,483
| -6% | -$3.07M |
|
|
TCF
406
DELISTED
TCF Financial Corporation
TCF
| $51.1M | 0.07% |
2,493,743
+566,709
| +29% | +$10.6M |
|
|
FITB
407
Fifth Third Bancorp
FITB
$49.8B
| $51.1M | 0.07% |
1,684,629
-4,218,091
| -71% | -$123M |
|
|
LQ
408
DELISTED
La Quinta Holdings Inc.
LQ
| $50.9M | 0.07% |
2,756,763
+175,967
| +7% | +$3.12M |
|
|
SWN
409
DELISTED
Southwestern Energy Company
SWN
| $50.6M | 0.07% |
9,074,251
-14,843,717
| -62% | -$86.3M |
|
410
Popular Inc
BPOP
$10.7B
| $50.6M | 0.07% |
1,424,675
-182,479
| -11% | -$6.31M |
|
|
WCN
411
Waste Connections
WCN
$42.5B
| $50.5M | 0.07% |
712,538
+603,416
| +553% | +$42.1M |
|
412
Boyd Gaming
BYD
$5.89B
| $50.5M | 0.07% |
1,441,205
+750,610
| +109% | +$22.7M |
|
413
Rockwell Automation
ROK
$47.7B
| $50.4M | 0.07% |
256,794
+189,397
| +281% | +$36.1M |
|
|
MGP
414
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $50.4M | 0.07% |
1,729,522
+7,283
| +0.4% | +$214K |
|
415
Outfront Media
OUT
$5.36B
| $50.4M | 0.07% |
2,205,921
+760,046
| +53% | +$17.8M |
|
|
GRA
416
DELISTED
W.R. Grace & Co.
GRA
| $50.2M | 0.07% |
715,151
+349,896
| +96% | +$25.3M |
|
417
AGCO
AGCO
$7.71B
| $50.1M | 0.07% |
701,499
+578,604
| +471% | +$41.3M |
|
418
Devon Energy
DVN
$53.1B
| $49.9M | 0.07% |
1,205,338
-3,449,128
| -74% | -$131M |
|
419
Host Hotels & Resorts
HST
$15.9B
| $49.7M | 0.07% |
2,505,931
-1,574,153
| -39% | -$30.9M |
|
420
SL Green Realty
SLG
$4.15B
| $49.7M | 0.07% |
508,280
+479,546
| +1,669% | +$46.7M |
|
421
Radian Group
RDN
$4.86B
| $49.6M | 0.07% |
2,409,024
-369,555
| -13% | -$7.62M |
|
422
L3Harris
LHX
$48.9B
| $49.4M | 0.07% |
348,653
+13,775
| +4% | +$1.92M |
|
423
Allstate
ALL
$65.8B
| $49.3M | 0.07% |
470,996
-1,490,368
| -76% | -$147M |
|
424
National Health Investors
NHI
$3.59B
| $49.2M | 0.07% |
653,002
-278,821
| -30% | -$21.6M |
|
425
Assurant
AIZ
$14.2B
| $49.1M | 0.07% |
487,369
+369,134
| +312% | +$36.5M |
|
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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.