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 | |
|---|---|---|---|---|---|---|
|
AMAG
551
DELISTED
AMAG Pharmaceuticals
AMAG
| $26.7M | 0.05% |
1,452,373
+1,152,551
| +384% | +$22.8M |
|
552
Banc of California
BANC
$2.96B
| $26.7M | 0.05% |
1,240,991
+285,766
| +30% | +$6.04M |
|
553
Veeva Systems
VEEV
$40.2B
| $26.6M | 0.05% |
+434,327
| New | +$25.1M |
|
554
CALL
Walt Disney
DIS
$190B
| $26.6M | 0.05% |
250,000
-750,000
| -75% | -$82.1M |
|
555
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.66B
| $26.5M | 0.05% |
237,603
-44,218
| -16% | -$4.92M |
|
556
Westlake Corp
WLK
$9.8B
| $26.5M | 0.05% |
400,130
-378,890
| -49% | -$24.1M |
|
|
NFX
557
DELISTED
Newfield Exploration
NFX
| $26.3M | 0.05% |
924,889
-58,776
| -6% | -$1.94M |
|
558
Red Robin
RRGB
$196M
| $26.3M | 0.05% |
403,385
-240,199
| -37% | -$15.2M |
|
559
CALL
Jefferies Financial Group
JEF
$12.1B
| $26.2M | 0.05% |
+1,117,128
| New | +$25.4M |
|
560
Bristol-Myers Squibb
BMY
$137B
| $26.1M | 0.05% |
468,773
-325,267
| -41% | -$17.7M |
|
561
First Bancorp
FBP
$4.32B
| $26M | 0.05% |
4,492,266
-1,095,648
| -20% | -$6.14M |
|
|
SYNH
562
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $26M | 0.05% |
443,949
-1,069,076
| -71% | -$55.6M |
|
|
XHR
563
Xenia Hotels & Resorts
XHR
$1.8B
| $25.7M | 0.05% |
1,328,850
+130,131
| +11% | +$2.37M |
|
564
Vornado Realty Trust
VNO
$7.19B
| $25.7M | 0.05% |
338,710
-753,900
| -69% | -$58.4M |
|
565
SolarEdge
SEDG
$1.85B
| $25.7M | 0.05% |
1,283,564
+694,243
| +118% | +$12.3M |
|
566
Everest Group
EG
$14.5B
| $25.5M | 0.05% |
99,997
+68,678
| +219% | +$17M |
|
|
HRC
567
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $25.4M | 0.05% |
319,441
-335,240
| -51% | -$25.3M |
|
|
XENT
568
DELISTED
Intersect ENT, Inc
XENT
| $25.3M | 0.05% |
906,447
+775
| +0.1% | +$17.5K |
|
569
Curtiss-Wright
CW
$22.9B
| $25.2M | 0.05% |
274,786
-79,241
| -22% | -$7.14M |
|
|
CHL
570
DELISTED
China Mobile Limited
CHL
| $25.1M | 0.04% |
473,365
+103,203
| +28% | +$5.61M |
|
571
Host Hotels & Resorts
HST
$15.8B
| $25.1M | 0.04% |
1,374,334
+1,133,586
| +471% | +$20.8M |
|
572
Perrigo
PRGO
$1.96B
| $25.1M | 0.04% |
331,890
+203,064
| +158% | +$14.6M |
|
573
Pfizer
PFE
$159B
| $25M | 0.04% |
785,095
-536,780
| -41% | -$16.9M |
|
574
CBRE Group
CBRE
$43.8B
| $25M | 0.04% |
685,825
-3,908
| -0.6% | -$136K |
|
575
Avnet
AVT
$7.08B
| $24.9M | 0.04% |
+640,681
| New | +$25.4M |
|
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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.