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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Targa Resources
TRGP
$64.1B
| $184M | 0.34% |
3,072,618
+1,798,054
| +141% | +$104M |
|
27
Huntsman Corp
HUN
$1.75B
| $184M | 0.34% |
7,498,197
+1,667,038
| +29% | +$35.9M |
|
|
RSPP
28
DELISTED
RSP Permian, Inc.
RSPP
| $183M | 0.33% |
4,411,261
+4,003,213
| +981% | +$166M |
|
29
CALL
Micron Technology
MU
$1.09T
| $178M | 0.33% |
6,150,000
+5,550,000
| +925% | +$136M |
|
30
Altria Group
MO
$110B
| $175M | 0.32% |
2,455,041
+1,767,657
| +257% | +$128M |
|
|
31
Vulcan Materials
VMC
$35.8B
| $170M | 0.31% |
1,408,187
+1,353,232
| +2,462% | +$165M |
|
32
ConocoPhillips
COP
$162B
| $170M | 0.31% |
3,400,749
+1,335,621
| +65% | +$64.5M |
|
|
SWN
33
DELISTED
Southwestern Energy Company
SWN
| $165M | 0.3% |
20,235,965
+16,371,512
| +424% | +$142M |
|
34
Intuitive Surgical
ISRG
$134B
| $161M | 0.3% |
1,890,990
+1,027,953
| +119% | +$81.2M |
|
|
ETFC
35
DELISTED
E*Trade Financial Corporation
ETFC
| $160M | 0.29% |
4,575,286
+492,993
| +12% | +$17.7M |
|
36
Kraft Heinz
KHC
$30.3B
| $158M | 0.29% |
1,740,827
-69,150
| -4% | -$6.23M |
|
37
Allstate
ALL
$64.2B
| $155M | 0.28% |
1,896,229
+791,823
| +72% | +$62.3M |
|
38
Meta Platforms (Facebook)
META
$1.4T
| $153M | 0.28% |
1,075,928
+671,655
| +166% | +$89.8M |
|
39
Norfolk Southern
NSC
$78.8B
| $151M | 0.28% |
1,351,995
+825,156
| +157% | +$96.5M |
|
40
TJX Companies
TJX
$155B
| $151M | 0.28% |
3,814,754
-763,420
| -17% | -$29.4M |
|
41
Yum! Brands
YUM
$41.8B
| $150M | 0.28% |
2,350,269
+2,242,043
| +2,072% | +$146M |
|
42
Conagra Brands
CAG
$7.89B
| $150M | 0.27% |
3,707,566
-213,475
| -5% | -$8.52M |
|
43
Progressive
PGR
$127B
| $149M | 0.27% |
3,810,936
+1,142,310
| +43% | +$43.6M |
|
44
Walt Disney
DIS
$186B
| $148M | 0.27% |
1,308,637
-953,808
| -42% | -$105M |
|
|
RTN
45
DELISTED
Raytheon Company
RTN
| $147M | 0.27% |
961,771
+261,759
| +37% | +$39.4M |
|
46
SBA Communications
SBAC
$19.4B
| $145M | 0.27% |
1,205,213
+1,167,120
| +3,064% | +$129M |
|
47
Hershey
HSY
$37.5B
| $145M | 0.26% |
1,323,122
+561,694
| +74% | +$60.2M |
|
48
eBay
EBAY
$46.3B
| $144M | 0.26% |
4,297,752
+1,141,800
| +36% | +$37.1M |
|
|
RAI
49
DELISTED
Reynolds American Inc
RAI
| $144M | 0.26% |
2,277,918
+1,501,341
| +193% | +$90.2M |
|
50
AutoZone
AZO
$48.3B
| $141M | 0.26% |
194,923
+38,239
| +24% | +$28.3M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.