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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BRCD
551
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $26.4M | 0.05% |
2,115,155
-268,273
| -11% | -$3.33M |
|
|
QCP
552
DELISTED
Quality Care Properties, Inc.
QCP
| $26.4M | 0.05% |
+1,399,398
| New | +$24.9M |
|
553
Fastenal
FAST
$58.8B
| $26.3M | 0.05% |
+2,042,356
| New | +$25.6M |
|
554
SiriusXM
SIRI
$9.59B
| $25.9M | 0.05% |
503,312
+14,282
| +3% | +$702K |
|
555
Zebra Technologies
ZBRA
$17.2B
| $25.9M | 0.05% |
283,980
+257,426
| +969% | +$22.3M |
|
556
TTM Technologies
TTMI
$11.3B
| $25.9M | 0.05% |
1,606,096
-57,035
| -3% | -$888K |
|
557
Newmont
NEM
$139B
| $25.9M | 0.05% |
785,956
+655,837
| +504% | +$22.9M |
|
558
American Homes 4 Rent
AMH
$12.5B
| $25.7M | 0.05% |
1,119,320
-687,217
| -38% | -$15.4M |
|
|
SPNC
559
DELISTED
Spectranetics Corp
SPNC
| $25.5M | 0.05% |
875,029
-246,585
| -22% | -$6.57M |
|
560
Advance Auto Parts
AAP
$2.63B
| $25.4M | 0.05% |
171,628
-152,132
| -47% | -$24.4M |
|
561
Tower Semiconductor
TSEM
$23.9B
| $25.3M | 0.05% |
1,099,761
+49,115
| +5% | +$1.08M |
|
|
VXX
562
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $25.3M | 0.05% |
400,000
+100,000
| +33% | +$7.41M |
|
|
BHI
563
DELISTED
Baker Hughes
BHI
| $25.2M | 0.05% |
421,154
-525,226
| -55% | -$32M |
|
564
Ingredion
INGR
$6.69B
| $25.1M | 0.05% |
208,056
+16,172
| +8% | +$1.98M |
|
565
NCR Voyix
VYX
$1.1B
| $25.1M | 0.05% |
893,996
+368,037
| +70% | +$10.1M |
|
|
CVSA
566
Covista Inc
CVSA
$4.52B
| $25M | 0.05% |
705,569
-430,732
| -38% | -$14.2M |
|
|
WFT
567
DELISTED
Weatherford International plc
WFT
| $24.9M | 0.05% |
3,742,953
+1,080,576
| +41% | +$6.33M |
|
568
Louisiana-Pacific
LPX
$5.08B
| $24.8M | 0.05% |
1,001,170
-3,272,765
| -77% | -$72.3M |
|
|
569
CALL
Bank of America
BAC
$436B
| $24.8M | 0.05% |
+1,050,000
| New | +$24.9M |
|
|
WMGI
570
DELISTED
Wright Medical Group Inc
WMGI
| $24.8M | 0.05% |
795,907
-633,164
| -44% | -$17.2M |
|
571
Valmont Industries
VMI
$9.29B
| $24.7M | 0.05% |
159,039
+149,461
| +1,560% | +$22.1M |
|
572
Nasdaq
NDAQ
$55.2B
| $24.7M | 0.05% |
1,066,086
-158,670
| -13% | -$3.68M |
|
573
Exelon
EXC
$45.7B
| $24.6M | 0.05% |
958,888
-1,118,099
| -54% | -$28.5M |
|
574
CALL
iShares MSCI EAFE ETF
EFA
$79.9B
| $24.5M | 0.04% |
+393,200
| New | +$23.8M |
|
575
Fortune Brands Innovations
FBIN
$5.37B
| $24.5M | 0.04% |
470,692
-156,267
| -25% | -$7.66M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.