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 | |
|---|---|---|---|---|---|---|
26
Boeing
BA
$169B
| $231M | 0.32% |
784,838
-135,233
| -15% | -$36.6M |
|
27
NextEra Energy
NEE
$174B
| $229M | 0.32% |
5,863,952
+4,156,288
| +243% | +$160M |
|
28
UnitedHealth
UNH
$350B
| $226M | 0.31% |
1,024,855
+789,890
| +336% | +$167M |
|
29
Mondelez International
MDLZ
$82.3B
| $223M | 0.31% |
5,204,353
+984,787
| +23% | +$41.3M |
|
30
Pinnacle West Capital
PNW
$11.8B
| $221M | 0.3% |
2,588,824
+230,870
| +10% | +$20.4M |
|
31
Meta Platforms (Facebook)
META
$1.4T
| $219M | 0.3% |
1,240,975
-439,480
| -26% | -$77.7M |
|
32
Huntsman Corp
HUN
$1.75B
| $216M | 0.3% |
6,494,754
+5,744,820
| +766% | +$176M |
|
33
Restaurant Brands International
QSR
$28.2B
| $214M | 0.3% |
3,483,355
+2,234,306
| +179% | +$143M |
|
34
Entergy
ETR
$48.8B
| $212M | 0.29% |
5,213,628
+3,871,198
| +288% | +$162M |
|
|
WPX
35
DELISTED
WPX Energy, Inc.
WPX
| $209M | 0.29% |
14,867,732
+6,748,268
| +83% | +$81.7M |
|
36
Prudential Financial
PRU
$41.8B
| $209M | 0.29% |
1,818,479
+518,343
| +40% | +$58.2M |
|
37
US Foods
USFD
$23.7B
| $206M | 0.28% |
6,463,858
+948,163
| +17% | +$26.9M |
|
38
Humana
HUM
$45.5B
| $197M | 0.27% |
795,738
-10,390
| -1% | -$2.57M |
|
|
39
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $195M | 0.27% |
730,000
+30,000
| +4% | +$7.8M |
|
40
AB InBev
BUD
$155B
| $195M | 0.27% |
1,745,896
+404,582
| +30% | +$47.6M |
|
41
Salesforce
CRM
$171B
| $185M | 0.25% |
1,805,252
-529,461
| -23% | -$54M |
|
|
RSPP
42
DELISTED
RSP Permian, Inc.
RSPP
| $184M | 0.25% |
4,529,224
+2,240,454
| +98% | +$80.5M |
|
43
Vertex Pharmaceuticals
VRTX
$139B
| $184M | 0.25% |
1,228,083
-440,125
| -26% | -$65.2M |
|
44
Coca-Cola
KO
$392B
| $183M | 0.25% |
3,992,135
+1,313,618
| +49% | +$60.4M |
|
45
Regeneron Pharmaceuticals
REGN
$85.9B
| $180M | 0.25% |
478,244
+276,154
| +137% | +$112M |
|
46
NXP Semiconductors
NXPI
$56.9B
| $178M | 0.25% |
1,523,273
-252,135
| -14% | -$29.1M |
|
47
Lowe's Companies
LOW
$121B
| $176M | 0.24% |
1,897,709
-1,200,370
| -39% | -$99.2M |
|
48
M&T Bank
MTB
$34.7B
| $175M | 0.24% |
1,025,822
+968,471
| +1,689% | +$161M |
|
|
HDS
49
DELISTED
HD Supply Holdings, Inc.
HDS
| $174M | 0.24% |
4,339,659
+4,049,079
| +1,393% | +$149M |
|
50
Gaming and Leisure Properties
GLPI
$12.7B
| $174M | 0.24% |
4,692,928
+1,998,988
| +74% | +$72.8M |
|
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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.