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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$593M |
| 2 |
Abbott
ABT
|
+$259M |
| 3 |
AutoZone
AZO
|
+$204M |
| 4 |
AABA
Altaba Inc
AABA
|
+$186M |
| 5 |
D.R. Horton
DHI
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$215M |
| 2 |
Public Service Enterprise Group
PEG
|
+$211M |
| 3 |
Applied Materials
AMAT
|
+$203M |
| 4 |
Intuitive Surgical
ISRG
|
+$194M |
| 5 |
ConocoPhillips
COP
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.49% |
| 2 | Technology | 12.13% |
| 3 | Healthcare | 11.89% |
| 4 | Consumer Discretionary | 11.58% |
| 5 | Industrials | 10.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SOHU
551
Sohu.com
SOHU
$379M
| $36.3M | 0.05% |
838,500
+301,459
| +56% | +$16.2M |
|
552
Equifax
EFX
$22.9B
| $36.2M | 0.05% |
+306,738
| New | +$34.5M |
|
|
EA
553
DELISTED
Electronic Arts
EA
| $36.1M | 0.05% |
343,629
-746,113
| -68% | -$82.9M |
|
|
ARRY
554
DELISTED
Array Biopharma Inc
ARRY
| $36M | 0.05% |
2,813,317
-159,477
| -5% | -$1.81M |
|
555
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $36M | 0.05% |
991,916
-296,870
| -23% | -$11M |
|
556
Helix Energy Solutions
HLX
$1.47B
| $36M | 0.05% |
4,768,767
-3,149,624
| -40% | -$22.3M |
|
|
MTOR
557
DELISTED
MERITOR, Inc.
MTOR
| $36M | 0.05% |
1,532,694
+391,220
| +34% | +$9.82M |
|
558
Ally Financial
ALLY
$12.9B
| $35.9M | 0.05% |
1,229,701
+890,158
| +262% | +$23.6M |
|
559
Regency Centers
REG
$14B
| $35.7M | 0.05% |
516,715
+190,129
| +58% | +$12.6M |
|
560
STAG Industrial
STAG
$7.14B
| $35.7M | 0.05% |
1,305,671
+583,560
| +81% | +$16.3M |
|
561
Orthofix Medical
OFIX
$399M
| $35.7M | 0.05% |
651,969
+132,743
| +26% | +$6.88M |
|
|
TFCFA
562
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $35.7M | 0.05% |
1,032,454
+228,540
| +28% | +$6.82M |
|
563
Atmos Energy
ATO
$28.4B
| $35.6M | 0.05% |
414,345
+197,599
| +91% | +$17.4M |
|
564
Timken Company
TKR
$8.5B
| $35.5M | 0.05% |
721,980
+249,023
| +53% | +$12.1M |
|
565
Kulicke & Soffa
KLIC
$4.37B
| $35.5M | 0.05% |
1,458,050
+564,072
| +63% | +$13.4M |
|
566
ZTO Express
ZTO
$16.2B
| $35.5M | 0.05% |
2,238,065
-1,503,918
| -40% | -$23.7M |
|
|
SPR
567
DELISTED
Spirit AeroSystems
SPR
| $35.4M | 0.05% |
406,192
-890,202
| -69% | -$73.1M |
|
568
Curtiss-Wright
CW
$22.7B
| $35.4M | 0.05% |
290,711
+165,803
| +133% | +$19.6M |
|
569
Red Rock Resorts
RRR
$3.59B
| $35.4M | 0.05% |
+1,048,319
| New | +$29.2M |
|
570
Exelixis
EXEL
$13.5B
| $35.3M | 0.05% |
1,159,788
-304,630
| -21% | -$8.1M |
|
571
First Solar
FSLR
$22.4B
| $35.2M | 0.05% |
520,684
+56,716
| +12% | +$3.33M |
|
572
Sprouts Farmers Market
SFM
$8.03B
| $35M | 0.05% |
1,439,420
+681,398
| +90% | +$14.4M |
|
573
Polaris
PII
$3.66B
| $35M | 0.05% |
+282,058
| New | +$33.5M |
|
574
Advanced Energy
AEIS
$11B
| $35M | 0.05% |
518,148
+244,432
| +89% | +$19.7M |
|
|
CALY
575
Callaway Golf Company
CALY
$2.82B
| $34.8M | 0.05% |
2,494,932
-783,066
| -24% | -$11.2M |
|
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Israel Englander's Q4 2017 Portfolio in Review
As of Q4 2017, Israel Englander held 4,357 positions worth $72.5B, up 10% from $65.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Israel Englander deployed $3.05B of net new capital in Q4 2017, opening 897 new positions and adding to 1,473 existing holdings. Its largest new stake was Viatris: 2,905,317 shares worth $123M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Honeywell, an estimated $215M trimmed.
- Israel Englander's largest Q4 2017 buy was Viatris: 2,905,317 shares worth $123M.
- Israel Englander added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $593M increase.
- Israel Englander's biggest Q4 2017 reduction was Honeywell, cutting an estimated $215M.
- Israel Englander fully exited Paychex in Q4 2017, selling an estimated $66.4M.
- Israel Englander's ten largest holdings make up 6.7% of its $72.5B portfolio in Q4 2017.
- Israel Englander opened 897 new positions and closed 601 in Q4 2017.
- Israel Englander's portfolio value rose 10% quarter-over-quarter to $72.5B.
Based on Millennium Management's 13F filing for Q4 2017, filed 14 Feb 2018.