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 | |
|---|---|---|---|---|---|---|
476
First Interstate BancSystem
FIBK
$3.57B
| $32.7M | 0.06% |
878,321
+704,738
| +406% | +$26.5M |
|
|
TIF
477
DELISTED
Tiffany & Co.
TIF
| $32.6M | 0.06% |
347,325
-268,996
| -44% | -$24.7M |
|
|
FITB
478
Fifth Third Bancorp
FITB
$49.7B
| $32.5M | 0.06% |
1,252,910
+818,604
| +188% | +$20.2M |
|
479
Wendy's
WEN
$1.72B
| $32.4M | 0.06% |
2,089,919
+1,347,085
| +181% | +$20.4M |
|
480
MGIC Investment
MTG
$6.34B
| $32.3M | 0.06% |
2,887,439
-4,040,792
| -58% | -$43.5M |
|
481
Dover
DOV
$27.2B
| $32.3M | 0.06% |
498,346
-741,910
| -60% | -$48.4M |
|
|
ONCE
482
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $32M | 0.06% |
535,631
+92,638
| +21% | +$5.18M |
|
|
CADE
483
DELISTED
Cadence Bank
CADE
| $31.9M | 0.06% |
+1,047,195
| New | +$31.4M |
|
484
Insperity
NSP
$2.02B
| $31.8M | 0.06% |
897,156
+515,324
| +135% | +$20.9M |
|
485
Morgan Stanley
MS
$336B
| $31.8M | 0.06% |
713,110
-606,785
| -46% | -$26.2M |
|
|
AGN
486
DELISTED
Allergan plc
AGN
| $31.8M | 0.06% |
130,609
-150,443
| -54% | -$35.4M |
|
487
RPC Inc
RES
$1.41B
| $31.7M | 0.06% |
1,570,422
-64,107
| -4% | -$1.22M |
|
488
SEI Investments
SEIC
$13.1B
| $31.7M | 0.06% |
589,634
+248,113
| +73% | +$12.8M |
|
|
COR
489
DELISTED
Coresite Realty Corporation
COR
| $31.7M | 0.06% |
306,247
-72,794
| -19% | -$7.3M |
|
|
REN
490
DELISTED
Resolute Energy Corporaton
REN
| $31.6M | 0.06% |
1,062,656
+766,537
| +259% | +$29.3M |
|
491
CALL
Colgate-Palmolive
CL
$72.6B
| $31.5M | 0.06% |
+425,000
| New | +$31.6M |
|
|
BOBE
492
DELISTED
Bob Evans Farms, Inc.
BOBE
| $31.5M | 0.06% |
+438,512
| New | +$30.1M |
|
|
PXD
493
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $31.4M | 0.06% |
197,000
| – | – |
|
|
SCG
494
DELISTED
Scana
SCG
| $31.3M | 0.06% |
467,146
-26,217
| -5% | -$1.76M |
|
495
Alerian MLP ETF
AMLP
$13.2B
| $31M | 0.06% |
518,929
+432,614
| +501% | +$26.4M |
|
496
Boston Scientific
BSX
$73B
| $30.8M | 0.06% |
1,112,610
-4,197,064
| -79% | -$111M |
|
497
Trinity Industries
TRN
$2.37B
| $30.7M | 0.05% |
1,522,736
-550,026
| -27% | -$10.6M |
|
|
GRFS
498
Grifois
GRFS
$5.44B
| $30.6M | 0.05% |
1,447,113
-213,927
| -13% | -$4.48M |
|
499
Prudential Financial
PRU
$41.8B
| $30.6M | 0.05% |
282,577
-258,960
| -48% | -$27.5M |
|
500
PNC Financial Services
PNC
$97B
| $30.4M | 0.05% |
243,765
+85,953
| +54% | +$10.4M |
|
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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.