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 |
AABA
Altaba Inc
AABA
|
+$862M |
| 2 |
EA
Electronic Arts
EA
|
+$196M |
| 3 |
Bank of America
BAC
|
+$187M |
| 4 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$183M |
| 5 |
Regions Financial
RF
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$290M |
| 2 |
Huntsman Corp
HUN
|
+$181M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$164M |
| 4 |
Targa Resources
TRGP
|
+$154M |
| 5 |
Fortive
FTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Financials | 12.22% |
| 3 | Technology | 12.2% |
| 4 | Industrials | 9.84% |
| 5 | Consumer Discretionary | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
NXP Semiconductors
NXPI
$56.9B
| $203M | 0.36% |
1,852,621
-278,684
| -13% | -$29.8M |
|
|
EA
27
DELISTED
Electronic Arts
EA
| $202M | 0.36% |
1,915,217
+1,906,026
| +20,738% | +$196M |
|
28
Public Service Enterprise Group
PEG
$36.2B
| $194M | 0.35% |
4,513,661
+1,800,994
| +66% | +$79.6M |
|
29
Becton Dickinson
BDX
$52.3B
| $193M | 0.34% |
1,014,998
+994,639
| +4,886% | +$182M |
|
30
Crown Castle
CCI
$32.1B
| $192M | 0.34% |
1,915,729
+1,771,124
| +1,225% | +$174M |
|
31
PUT
Invesco QQQ Trust
QQQ
$486B
| $191M | 0.34% |
1,386,900
+671,900
| +94% | +$92.4M |
|
|
32
American Electric Power
AEP
$65.8B
| $186M | 0.33% |
2,678,952
-4,167,808
| -61% | -$290M |
|
33
Merck
MRK
$376B
| $185M | 0.33% |
3,021,866
-412,765
| -12% | -$25.1M |
|
|
ANDV
34
DELISTED
Andeavor
ANDV
| $181M | 0.32% |
1,930,189
-489,895
| -20% | -$41.3M |
|
35
Meta Platforms (Facebook)
META
$1.4T
| $180M | 0.32% |
1,189,384
+113,456
| +11% | +$16.9M |
|
|
CXO
36
DELISTED
CONCHO RESOURCES INC.
CXO
| $179M | 0.32% |
1,469,409
+1,451,589
| +8,146% | +$183M |
|
37
Equinix
EQIX
$105B
| $178M | 0.32% |
414,956
+107,780
| +35% | +$45.7M |
|
38
Intuitive Surgical
ISRG
$134B
| $176M | 0.31% |
1,694,754
-196,236
| -10% | -$18.9M |
|
39
Williams Companies
WMB
$86.2B
| $174M | 0.31% |
5,731,321
+1,836,463
| +47% | +$54.7M |
|
40
Lam Research
LRCX
$393B
| $173M | 0.31% |
12,247,710
+4,233,700
| +53% | +$62.1M |
|
41
Oracle
ORCL
$422B
| $172M | 0.31% |
3,421,370
+2,393,483
| +233% | +$109M |
|
42
Broadcom
AVGO
$1.75T
| $171M | 0.31% |
7,346,940
+3,191,350
| +77% | +$74M |
|
43
Walmart Inc
WMT
$825B
| $171M | 0.3% |
6,768,102
+5,665,917
| +514% | +$144M |
|
44
Delta Air Lines
DAL
$54.2B
| $170M | 0.3% |
3,154,399
+1,016,778
| +48% | +$49.8M |
|
45
Apple
AAPL
$4.51T
| $167M | 0.3% |
4,648,452
-1,579,304
| -25% | -$58.4M |
|
46
Applied Materials
AMAT
$391B
| $167M | 0.3% |
4,050,241
-753,554
| -16% | -$32M |
|
47
PUT
Goldman Sachs
GS
$303B
| $166M | 0.3% |
+750,000
| New | +$167M |
|
48
ConocoPhillips
COP
$162B
| $164M | 0.29% |
3,726,037
+325,288
| +10% | +$15.2M |
|
49
Zions Bancorporation
ZION
$9.95B
| $162M | 0.29% |
3,699,443
+852,738
| +30% | +$35.1M |
|
50
D.R. Horton
DHI
$41.5B
| $162M | 0.29% |
4,697,325
+889,498
| +23% | +$29.7M |
|
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Israel Englander's Q2 2017 Portfolio in Review
As of Q2 2017, Israel Englander held 4,244 positions worth $56.1B, up 2.7% from $54.6B the previous quarter. Its ten largest holdings account for 6.5% of the portfolio.
Israel Englander's Q2 2017 filing shows 803 new, 1,286 increased, 1,278 reduced and 840 closed positions. Its largest new stake was Altaba Inc: 15,840,905 shares worth $863M. The largest sale was American Electric Power, an estimated $290M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Technology.
- Israel Englander's largest Q2 2017 buy was Altaba Inc: 15,840,905 shares worth $863M.
- Israel Englander added most to Electronic Arts in Q2 2017, an estimated $196M increase.
- Israel Englander's biggest Q2 2017 reduction was American Electric Power, cutting an estimated $290M.
- Israel Englander fully exited GGP Inc. in Q2 2017, selling an estimated $125M.
- Israel Englander's ten largest holdings make up 6.5% of its $56.1B portfolio in Q2 2017.
- Israel Englander opened 803 new positions and closed 840 in Q2 2017.
- Israel Englander's portfolio value rose 2.7% quarter-over-quarter to $56.1B.
Based on Millennium Management's 13F filing for Q2 2017, filed 14 Aug 2017.