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 | |
|---|---|---|---|---|---|---|
|
GPT
501
DELISTED
Gramercy Property Trust
GPT
| $34.2M | 0.05% |
1,131,317
+1,012,105
| +849% | +$30.3M |
|
502
Vulcan Materials
VMC
$36.1B
| $34M | 0.05% |
284,096
-715,753
| -72% | -$85.9M |
|
503
Azenta
AZTA
$1.49B
| $33.9M | 0.05% |
1,116,712
+426,065
| +62% | +$11M |
|
504
Papa John's
PZZA
$789M
| $33.5M | 0.05% |
458,588
+224,932
| +96% | +$16.9M |
|
505
Carter's
CRI
$1.29B
| $33.5M | 0.05% |
338,872
+151,594
| +81% | +$13.5M |
|
|
WBS
506
DELISTED
Webster Financial
WBS
| $33.4M | 0.05% |
636,237
-558,200
| -47% | -$27.9M |
|
507
Teva Pharmaceuticals
TEVA
$43B
| $33.3M | 0.05% |
1,894,353
+1,888,189
| +30,633% | +$42.5M |
|
|
VNTR
508
DELISTED
Venator Materials PLC
VNTR
| $33.2M | 0.05% |
+1,467,272
| New | +$30.5M |
|
509
SBA Communications
SBAC
$19.4B
| $33M | 0.05% |
229,413
-844,760
| -79% | -$120M |
|
510
Zurn Elkay Water Solutions
ZWS
$8.13B
| $33M | 0.05% |
2,699,236
+1,896,972
| +236% | +$22M |
|
511
RPC Inc
RES
$1.37B
| $33M | 0.05% |
1,331,158
-239,264
| -15% | -$4.97M |
|
512
Vodafone
VOD
$36.8B
| $33M | 0.05% |
1,157,949
+660,173
| +133% | +$19.1M |
|
|
NTRI
513
DELISTED
NutriSystem, Inc.
NTRI
| $32.9M | 0.05% |
589,351
+432,576
| +276% | +$23.4M |
|
514
Campbell Soup
CPB
$7.2B
| $32.9M | 0.05% |
701,996
-164,258
| -19% | -$8.32M |
|
|
TCF
515
DELISTED
TCF Financial Corporation
TCF
| $32.8M | 0.05% |
1,927,034
+1,535,720
| +392% | +$24.2M |
|
516
KLA
KLAC
$232B
| $32.8M | 0.05% |
3,090,150
-2,373,650
| -43% | -$22.7M |
|
517
Amdocs
DOX
$6.48B
| $32.7M | 0.05% |
508,975
+356,154
| +233% | +$23M |
|
|
FLIR
518
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $32.7M | 0.05% |
840,314
-455,964
| -35% | -$17.3M |
|
519
Pultegroup
PHM
$24.9B
| $32.7M | 0.05% |
1,196,005
+1,043,009
| +682% | +$26.4M |
|
|
DOOR
520
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $32.7M | 0.05% |
472,354
+169,696
| +56% | +$11.7M |
|
521
Pilgrim's Pride
PPC
$7.68B
| $32.7M | 0.05% |
1,149,438
+142,500
| +14% | +$3.75M |
|
522
Varonis Systems
VRNS
$4.67B
| $32.6M | 0.05% |
2,333,676
+1,200,042
| +106% | +$15.5M |
|
523
Extreme Networks
EXTR
$2.92B
| $32.5M | 0.05% |
2,734,800
+1,086,988
| +66% | +$11.2M |
|
|
LPT
524
DELISTED
Liberty Property Trust
LPT
| $32.5M | 0.05% |
790,952
-445,330
| -36% | -$18.6M |
|
525
Trimble
TRMB
$14.2B
| $32.5M | 0.05% |
827,275
+394,739
| +91% | +$15M |
|
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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.