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 | |
|---|---|---|---|---|---|---|
451
Jacobs Solutions
J
$17.7B
| $46.3M | 0.06% |
848,703
-116,795
| -12% | -$5.99M |
|
452
Merck
MRK
$372B
| $46.3M | 0.06% |
861,953
-1,938,611
| -69% | -$107M |
|
453
Cadence Design Systems
CDNS
$87B
| $46.3M | 0.06% |
1,106,255
-249,933
| -18% | -$10.7M |
|
454
Acuity Brands
AYI
$10.1B
| $46.2M | 0.06% |
262,256
+81,834
| +45% | +$13.6M |
|
455
Motorola Solutions
MSI
$79.7B
| $46.1M | 0.06% |
510,608
+105,697
| +26% | +$9.63M |
|
|
RPAI
456
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $46M | 0.06% |
3,421,897
+1,632,224
| +91% | +$21.2M |
|
457
New Jersey Resources
NJR
$5.45B
| $46M | 0.06% |
1,143,427
+464,501
| +68% | +$20M |
|
458
Bunge Global
BG
$21.2B
| $45.9M | 0.06% |
684,850
+226,273
| +49% | +$15.4M |
|
459
United Rentals
URI
$67.4B
| $45.7M | 0.06% |
265,767
+147,542
| +125% | +$22.5M |
|
|
WR
460
DELISTED
Westar Energy Inc
WR
| $45.6M | 0.06% |
863,569
+108,891
| +14% | +$5.87M |
|
461
Macy's
M
$6.1B
| $45.4M | 0.06% |
1,803,454
-896,883
| -33% | -$19.7M |
|
462
International Bancshares
IBOC
$4.45B
| $45.3M | 0.06% |
1,140,566
+255,881
| +29% | +$10.3M |
|
463
Terreno Realty
TRNO
$7.51B
| $45.2M | 0.06% |
1,289,279
-393,418
| -23% | -$14.5M |
|
|
PCH
464
DELISTED
PotlatchDeltic
PCH
| $45M | 0.06% |
901,562
+628,836
| +231% | +$32.5M |
|
|
GMS
465
DELISTED
GMS Inc
GMS
| $45M | 0.06% |
1,195,135
-51,492
| -4% | -$1.84M |
|
466
GE Aerospace
GE
$355B
| $44.9M | 0.06% |
537,124
+412,198
| +330% | +$39.4M |
|
467
Performance Food Group
PFGC
$16.6B
| $44.9M | 0.06% |
1,355,192
+281,310
| +26% | +$8.25M |
|
468
Stellantis
STLA
$19.7B
| $44.7M | 0.06% |
2,504,312
+2,051,870
| +454% | +$36.1M |
|
469
Sarepta Therapeutics
SRPT
$1.92B
| $44.6M | 0.06% |
801,971
-380,297
| -32% | -$20.1M |
|
470
Unum
UNM
$14.2B
| $44.6M | 0.06% |
812,208
-676,084
| -45% | -$36.3M |
|
471
PENN Entertainment
PENN
$2.45B
| $44.4M | 0.06% |
1,417,316
-528,098
| -27% | -$14.3M |
|
|
REN
472
DELISTED
Resolute Energy Corporaton
REN
| $44.2M | 0.06% |
1,403,714
-31,198
| -2% | -$907K |
|
473
Vishay Intertechnology
VSH
$4.67B
| $44.2M | 0.06% |
2,128,713
-99,544
| -4% | -$2.13M |
|
|
CTXS
474
DELISTED
Citrix Systems Inc
CTXS
| $44.2M | 0.06% |
501,903
+142,380
| +40% | +$12.1M |
|
|
VVC
475
DELISTED
Vectren Corporation
VVC
| $44M | 0.06% |
676,662
-438,468
| -39% | -$29.4M |
|
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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.