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 | |
|---|---|---|---|---|---|---|
26
American Electric Power
AEP
$65.8B
| $220M | 0.33% |
3,127,458
+448,506
| +17% | +$32M |
|
27
Dollar Tree
DLTR
$25.3B
| $219M | 0.33% |
2,526,877
+905,921
| +56% | +$69.1M |
|
28
Honeywell
HON
$68.4B
| $219M | 0.33% |
1,712,367
+907,217
| +113% | +$113M |
|
|
29
Salesforce
CRM
$171B
| $218M | 0.33% |
2,334,713
+2,263,610
| +3,184% | +$208M |
|
30
Molson Coors Class B
TAP
$8.01B
| $210M | 0.32% |
2,571,462
+888,114
| +53% | +$78.1M |
|
|
31
Lennar Class A
LEN
$21B
| $210M | 0.32% |
4,168,954
+3,017,516
| +262% | +$150M |
|
32
KeyCorp
KEY
$23.3B
| $208M | 0.32% |
11,045,851
+3,704,949
| +50% | +$67M |
|
33
Regions Financial
RF
$25.9B
| $204M | 0.31% |
13,370,529
-3,985,328
| -23% | -$57.3M |
|
34
NXP Semiconductors
NXPI
$56.9B
| $201M | 0.31% |
1,775,408
-77,213
| -4% | -$8.61M |
|
35
Pinnacle West Capital
PNW
$11.8B
| $199M | 0.3% |
2,357,954
-1,392,720
| -37% | -$122M |
|
36
Humana
HUM
$45.5B
| $196M | 0.3% |
806,128
+230,094
| +40% | +$56.4M |
|
37
Chemours
CC
$2.4B
| $196M | 0.3% |
3,864,605
+923,455
| +31% | +$43.6M |
|
38
PUT
Invesco QQQ Trust
QQQ
$486B
| $192M | 0.29% |
1,319,000
-67,900
| -5% | -$9.73M |
|
|
ESRX
39
DELISTED
Express Scripts Holding Company
ESRX
| $189M | 0.29% |
2,977,191
+1,490,999
| +100% | +$92.7M |
|
40
Caterpillar
CAT
$381B
| $187M | 0.29% |
1,503,354
+467,660
| +45% | +$53.9M |
|
41
Intuitive Surgical
ISRG
$134B
| $187M | 0.28% |
1,607,526
-87,228
| -5% | -$9.5M |
|
42
McDonald's
MCD
$192B
| $185M | 0.28% |
1,180,858
-239,467
| -17% | -$37.5M |
|
|
SNV
43
DELISTED
Synovus
SNV
| $184M | 0.28% |
3,999,507
+731,976
| +22% | +$31.7M |
|
|
PF
44
DELISTED
Pinnacle Foods, Inc.
PF
| $183M | 0.28% |
3,209,551
+1,188,953
| +59% | +$70.5M |
|
45
CMS Energy
CMS
$21.4B
| $183M | 0.28% |
3,951,577
+921,270
| +30% | +$43.5M |
|
46
Air Products & Chemicals
APD
$67.9B
| $182M | 0.28% |
1,206,042
+635,227
| +111% | +$93.1M |
|
47
Allstate
ALL
$64.2B
| $180M | 0.27% |
1,961,364
+508,112
| +35% | +$46.2M |
|
48
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $176M | 0.27% |
+700,000
| New | +$173M |
|
|
GXP
49
DELISTED
Great Plains Energy Incorporated
GXP
| $174M | 0.27% |
5,746,749
-2,584,073
| -31% | -$79.1M |
|
50
Western Alliance Bancorporation
WAL
$8.69B
| $174M | 0.27% |
3,279,428
+676,417
| +26% | +$33.2M |
|
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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.