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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.75% |
| 2 | Technology | 13.18% |
| 3 | Healthcare | 11.51% |
| 4 | Industrials | 10.45% |
| 5 | Consumer Discretionary | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $38.1M | 0.06% |
451,602
+17,773
| +4% | +$1.5M |
|
|
AIV
452
Aimco
AIV
$381M
| $38.1M | 0.06% |
6,515,733
+2,624,604
| +67% | +$15.7M |
|
|
WR
453
DELISTED
Westar Energy Inc
WR
| $37.4M | 0.06% |
754,678
+567,072
| +302% | +$28.8M |
|
|
S
454
DELISTED
Sprint Corporation
S
| $37.3M | 0.06% |
4,793,245
+4,165,269
| +663% | +$34.2M |
|
455
Eagle Materials
EXP
$6.35B
| $37.3M | 0.06% |
349,158
+215,248
| +161% | +$20.5M |
|
456
United Therapeutics
UTHR
$22B
| $37.1M | 0.06% |
316,247
+235,608
| +292% | +$30.1M |
|
|
ALXN
457
DELISTED
Alexion Pharmaceuticals
ALXN
| $37M | 0.06% |
264,088
-189,659
| -42% | -$25.8M |
|
|
ATH
458
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $37M | 0.06% |
686,812
-1,126,765
| -62% | -$58.3M |
|
459
Red Robin
RRGB
$189M
| $36.9M | 0.06% |
550,909
+147,524
| +37% | +$8.96M |
|
460
Illumina
ILMN
$33.1B
| $36.8M | 0.06% |
190,079
+173,063
| +1,017% | +$32.2M |
|
461
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.74B
| $36.8M | 0.06% |
328,561
+90,958
| +38% | +$10.1M |
|
|
SRC
462
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $36.8M | 0.06% |
957,044
+393,541
| +70% | +$14.5M |
|
|
DISH
463
DELISTED
DISH Network Corp.
DISH
| $36.8M | 0.06% |
677,881
-240,334
| -26% | -$14.2M |
|
|
ARRY
464
DELISTED
Array Biopharma Inc
ARRY
| $36.6M | 0.06% |
2,972,794
-3,632,203
| -55% | -$33.7M |
|
465
Qualcomm
QCOM
$169B
| $36.5M | 0.06% |
705,006
+583,628
| +481% | +$30.9M |
|
466
Canadian National Railway
CNI
$78.5B
| $36.4M | 0.06% |
439,374
+395,739
| +907% | +$32.1M |
|
467
Albemarle
ALB
$16.9B
| $36.4M | 0.06% |
266,734
-102,593
| -28% | -$12.2M |
|
|
VIAB
468
DELISTED
Viacom Inc. Class B
VIAB
| $36.3M | 0.06% |
1,305,261
+801,616
| +159% | +$24.7M |
|
|
VER
469
DELISTED
VEREIT, Inc.
VER
| $36.3M | 0.06% |
876,636
+331,982
| +61% | +$14M |
|
470
S&P Global
SPGI
$127B
| $36.3M | 0.06% |
232,187
-200,559
| -46% | -$30.5M |
|
|
SFR
471
DELISTED
Starwood Waypoint Homes
SFR
| $36.1M | 0.06% |
992,658
-1,467,324
| -60% | -$52.4M |
|
472
Leggett & Platt
LEG
$1.29B
| $36M | 0.05% |
754,311
+337,753
| +81% | +$16.3M |
|
|
DNKN
473
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $36M | 0.05% |
678,078
+638,255
| +1,603% | +$33.9M |
|
474
Outfront Media
OUT
$5.25B
| $35.8M | 0.05% |
1,445,875
+976,729
| +208% | +$21.5M |
|
475
Hope Bancorp
HOPE
$1.78B
| $35.6M | 0.05% |
2,011,108
+1,622,999
| +418% | +$27.7M |
|
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Israel Englander's Q3 2017 Portfolio in Review
As of Q3 2017, Israel Englander held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Israel Englander deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Israel Englander's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Israel Englander added most to Salesforce in Q3 2017, an estimated $208M increase.
- Israel Englander's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Israel Englander fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Israel Englander opened 794 new positions and closed 737 in Q3 2017.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.