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 | |
|---|---|---|---|---|---|---|
551
Kratos Defense & Security Solutions
KTOS
$10.2B
| $31M | 0.05% |
2,369,455
+627,431
| +36% | +$7.72M |
|
552
Honda
HMC
$42.4B
| $31M | 0.05% |
1,047,214
+656,000
| +168% | +$18.5M |
|
553
Wendy's
WEN
$1.69B
| $30.9M | 0.05% |
1,992,052
-97,867
| -5% | -$1.5M |
|
|
SNBR
554
DELISTED
Sleep Number
SNBR
| $30.9M | 0.05% |
995,596
+674,989
| +211% | +$21.1M |
|
555
Acuity Brands
AYI
$10.1B
| $30.9M | 0.05% |
180,422
-25,882
| -13% | -$4.82M |
|
|
AAMI
556
Acadian Asset Management
AAMI
$3.28B
| $30.8M | 0.05% |
2,067,485
-340,009
| -14% | -$4.85M |
|
|
BDN
557
Brandywine Realty Trust
BDN
$539M
| $30.8M | 0.05% |
1,760,408
-1,822,712
| -51% | -$31M |
|
|
DPLO
558
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $30.6M | 0.05% |
1,479,214
+494,536
| +50% | +$8.36M |
|
559
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $30.6M | 0.05% |
1,183,955
+91,626
| +8% | +$2.29M |
|
560
A.O. Smith
AOS
$8.45B
| $30.6M | 0.05% |
514,958
+503,161
| +4,265% | +$28.2M |
|
|
RHT
561
DELISTED
Red Hat Inc
RHT
| $30.5M | 0.05% |
275,444
-108,848
| -28% | -$11.1M |
|
|
SPLK
562
DELISTED
Splunk Inc
SPLK
| $30.5M | 0.05% |
459,483
+82,101
| +22% | +$5.14M |
|
|
GPOR
563
DELISTED
Gulfport Energy Corp.
GPOR
| $30.5M | 0.05% |
2,127,450
+1,779,710
| +512% | +$23.1M |
|
|
ZNGA
564
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $30.4M | 0.05% |
8,045,506
+2,317,380
| +40% | +$8.54M |
|
565
Waters Corp
WAT
$39.9B
| $30.3M | 0.05% |
169,041
-508,478
| -75% | -$92.2M |
|
566
Performance Food Group
PFGC
$16.7B
| $30.3M | 0.05% |
1,073,882
-183,697
| -15% | -$5.13M |
|
567
Valley National Bancorp
VLY
$7.82B
| $30.2M | 0.05% |
2,503,380
+1,220,284
| +95% | +$14.1M |
|
|
BNY
568
Bank of New York Mellon
BNY
$110B
| $30.1M | 0.05% |
568,075
-92,542
| -14% | -$4.86M |
|
|
PDM
569
Piedmont Realty Trust
PDM
$1.23B
| $30.1M | 0.05% |
1,493,060
+725,669
| +95% | +$14.8M |
|
|
CSRA
570
DELISTED
CSRA Inc.
CSRA
| $30M | 0.05% |
930,540
+679,877
| +271% | +$21.9M |
|
|
WUBA
571
DELISTED
58.com Inc
WUBA
| $30M | 0.05% |
475,556
+381,117
| +404% | +$21.7M |
|
572
Masco
MAS
$14.4B
| $29.7M | 0.05% |
761,694
+39,220
| +5% | +$1.48M |
|
|
MTOR
573
DELISTED
MERITOR, Inc.
MTOR
| $29.7M | 0.05% |
1,141,474
+627,233
| +122% | +$12.4M |
|
574
Insperity
NSP
$2.01B
| $29.6M | 0.05% |
673,680
-223,476
| -25% | -$8.85M |
|
575
JetBlue
JBLU
$1.86B
| $29.6M | 0.05% |
1,599,618
+110,658
| +7% | +$2.32M |
|
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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.