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 | |
|---|---|---|---|---|---|---|
426
Qualcomm
QCOM
$166B
| $49M | 0.07% |
765,501
+60,495
| +9% | +$3.67M |
|
427
Caesars Entertainment
CZR
$6.06B
| $49M | 0.07% |
1,477,883
-829,440
| -36% | -$24.1M |
|
|
WLH
428
DELISTED
WILLIAM LYON HOMES
WLH
| $48.9M | 0.07% |
1,681,635
+537,674
| +47% | +$14.5M |
|
429
AstraZeneca
AZN
$258B
| $48.6M | 0.07% |
700,576
-212,791
| -23% | -$14.3M |
|
|
ESV
430
DELISTED
Ensco Rowan plc
ESV
| $48.5M | 0.07% |
2,052,203
+67,782
| +3% | +$1.5M |
|
|
TWTR
431
DELISTED
Twitter, Inc.
TWTR
| $48.4M | 0.07% |
2,017,309
+1,871,033
| +1,279% | +$38.4M |
|
432
Petrobras
PBR
$119B
| $48.3M | 0.07% |
4,693,317
+2,027,204
| +76% | +$20.7M |
|
|
SBNY
433
DELISTED
Signature Bank
SBNY
| $48.2M | 0.07% |
+350,997
| New | +$46.2M |
|
434
F5
FFIV
$21.6B
| $47.9M | 0.07% |
365,213
-81,100
| -18% | -$10.1M |
|
|
MSCC
435
DELISTED
Microsemi Corp
MSCC
| $47.8M | 0.07% |
926,375
-559,038
| -38% | -$29.4M |
|
436
Ryder
R
$9.36B
| $47.8M | 0.07% |
567,901
+287,241
| +102% | +$23.5M |
|
437
Constellation Brands
STZ
$23.5B
| $47.7M | 0.07% |
208,680
+172,441
| +476% | +$37.3M |
|
438
American Airlines Group
AAL
$8.98B
| $47.7M | 0.07% |
916,071
-1,059,075
| -54% | -$52.8M |
|
439
Coherent
COHR
$54.1B
| $47.6M | 0.07% |
1,014,717
+854,713
| +534% | +$38.4M |
|
|
MDR
440
DELISTED
McDermott International
MDR
| $47.5M | 0.07% |
2,407,815
+1,075,163
| +81% | +$22.7M |
|
441
Skyworks Solutions
SWKS
$9.97B
| $47.5M | 0.07% |
500,573
+366,424
| +273% | +$38.2M |
|
442
O'Reilly Automotive
ORLY
$72.5B
| $47.5M | 0.07% |
2,960,175
+2,373,360
| +404% | +$35.3M |
|
|
AVB
443
DELISTED
AvalonBay Communities
AVB
| $47.4M | 0.07% |
265,504
-312,059
| -54% | -$56.6M |
|
444
Smith & Nephew
SNN
$12.4B
| $47.3M | 0.07% |
1,350,040
+261,072
| +24% | +$9.5M |
|
|
LPNT
445
DELISTED
LifePoint Health, Inc.
LPNT
| $47.2M | 0.07% |
947,579
+808,906
| +583% | +$40.2M |
|
446
Trane Technologies
TT
$98.2B
| $47.2M | 0.07% |
528,813
+369,797
| +233% | +$32.6M |
|
|
ZAYO
447
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $46.8M | 0.06% |
1,271,254
-766,751
| -38% | -$27.1M |
|
|
WBC
448
DELISTED
WABCO HOLDINGS INC.
WBC
| $46.8M | 0.06% |
325,901
-149,776
| -31% | -$22M |
|
449
Woodward
WWD
$19.7B
| $46.5M | 0.06% |
607,709
+587,457
| +2,901% | +$45.9M |
|
450
First Industrial Realty Trust
FR
$8.37B
| $46.4M | 0.06% |
1,473,129
-87,077
| -6% | -$2.75M |
|
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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.