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 | |
|---|---|---|---|---|---|---|
526
Rexford Industrial Realty
REXR
$8.38B
| $32.5M | 0.05% |
1,134,326
-430,944
| -28% | -$12.4M |
|
527
Autohome
ATHM
$2.52B
| $32.3M | 0.05% |
+538,344
| New | +$30.8M |
|
|
PAY
528
DELISTED
Verifone Systems Inc
PAY
| $32.3M | 0.05% |
1,594,228
+1,538,838
| +2,778% | +$30M |
|
529
Vail Resorts
MTN
$5.43B
| $32.3M | 0.05% |
141,382
+50,914
| +56% | +$11.1M |
|
530
PUT
Herbalife
HLF
$1.34B
| $32.2M | 0.05% |
+950,000
| New | +$32.5M |
|
531
Lear
LEA
$8.28B
| $32.2M | 0.05% |
185,905
+32,271
| +21% | +$4.88M |
|
532
M/I Homes
MHO
$3.86B
| $32.1M | 0.05% |
1,202,527
+57,587
| +5% | +$1.49M |
|
533
Texas Roadhouse
TXRH
$13.5B
| $32.1M | 0.05% |
653,978
-254,098
| -28% | -$12.4M |
|
|
NPKI
534
NPK International
NPKI
$1.13B
| $32.1M | 0.05% |
3,211,339
+2,596,797
| +423% | +$21.3M |
|
|
SNP
535
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $32.1M | 0.05% |
423,244
+342,375
| +423% | +$26.1M |
|
|
BBL
536
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $32M | 0.05% |
902,461
-1,216,121
| -57% | -$43.4M |
|
537
PUT
Bristol-Myers Squibb
BMY
$137B
| $31.9M | 0.05% |
+500,000
| New | +$29.2M |
|
538
Watts Water Technologies
WTS
$12.5B
| $31.9M | 0.05% |
460,354
+278,167
| +153% | +$17.9M |
|
539
Bunge Global
BG
$21.1B
| $31.9M | 0.05% |
458,577
-172,475
| -27% | -$13.1M |
|
540
CALL
Bank of America
BAC
$436B
| $31.7M | 0.05% |
1,250,000
+750,000
| +150% | +$18.2M |
|
|
HA
541
DELISTED
Hawaiian Holdings, Inc.
HA
| $31.7M | 0.05% |
843,322
+436,536
| +107% | +$18.5M |
|
|
KTWO
542
DELISTED
K2M Group Holdings, Inc
KTWO
| $31.6M | 0.05% |
1,491,315
+264,593
| +22% | +$6.13M |
|
|
GG
543
DELISTED
Goldcorp Inc
GG
| $31.3M | 0.05% |
2,418,248
+2,057,649
| +571% | +$27M |
|
544
Werner Enterprises
WERN
$2.26B
| $31.3M | 0.05% |
857,405
+631,415
| +279% | +$20M |
|
545
Fortinet
FTNT
$112B
| $31.3M | 0.05% |
4,368,640
+385
| +0% | +$2.92K |
|
546
Nike
NKE
$60.6B
| $31.3M | 0.05% |
+603,482
| New | +$33.9M |
|
547
SouthState Bank Corp
SSB
$10.4B
| $31.3M | 0.05% |
347,106
+75,995
| +28% | +$6.35M |
|
|
AVXS
548
DELISTED
AveXis, Inc. Common Stock
AVXS
| $31.1M | 0.05% |
321,688
-297,075
| -48% | -$26.8M |
|
|
LSXMK
549
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $31.1M | 0.05% |
975,193
+812,862
| +501% | +$26.5M |
|
550
Evolent Health
EVH
$530M
| $31M | 0.05% |
1,743,504
+108,726
| +7% | +$2.24M |
|
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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.