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 | |
|---|---|---|---|---|---|---|
601
Enovis
ENOV
$1.46B
| $27.7M | 0.04% |
386,824
-621,569
| -62% | -$43.3M |
|
|
AJRD
602
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $27.7M | 0.04% |
791,490
+49,984
| +7% | +$1.35M |
|
603
First American
FAF
$7.36B
| $27.7M | 0.04% |
554,522
+297,328
| +116% | +$14.2M |
|
604
Banc of California
BANC
$2.95B
| $27.7M | 0.04% |
1,334,275
+93,284
| +8% | +$1.84M |
|
605
Brady Corp
BRC
$4.45B
| $27.7M | 0.04% |
728,805
+352,912
| +94% | +$12M |
|
606
Pan American Silver
PAAS
$21.9B
| $27.7M | 0.04% |
1,622,060
+1,441,747
| +800% | +$24.9M |
|
|
CTXS
607
DELISTED
Citrix Systems Inc
CTXS
| $27.6M | 0.04% |
359,523
+253,714
| +240% | +$19.7M |
|
608
Applied Industrial Technologies
AIT
$12.3B
| $27.6M | 0.04% |
418,870
+192,867
| +85% | +$11.2M |
|
|
609
Crown Castle
CCI
$32.6B
| $27.5M | 0.04% |
275,234
-1,640,495
| -86% | -$168M |
|
610
Hexcel
HXL
$7B
| $27.4M | 0.04% |
477,693
+174,918
| +58% | +$9.43M |
|
611
Simply Good Foods
SMPL
$975M
| $27.4M | 0.04% |
+2,342,197
| New | +$27.7M |
|
612
Teck Resources
TECK
$34.1B
| $27.4M | 0.04% |
1,299,656
-952,278
| -42% | -$20.7M |
|
|
AMTD
613
DELISTED
TD Ameritrade Holding Corp
AMTD
| $27.4M | 0.04% |
561,249
-519,967
| -48% | -$23.3M |
|
614
NVIDIA
NVDA
$5.09T
| $27.3M | 0.04% |
6,107,600
+3,518,800
| +136% | +$14.6M |
|
615
Oxford Industries
OXM
$553M
| $27.2M | 0.04% |
428,789
+273,281
| +176% | +$16.7M |
|
616
Nordson
NDSN
$18.5B
| $27.2M | 0.04% |
+229,570
| New | +$27.4M |
|
617
TJX Companies
TJX
$155B
| $27.2M | 0.04% |
737,812
-1,160,924
| -61% | -$41.4M |
|
|
TECD
618
DELISTED
Tech Data Corp
TECD
| $27.2M | 0.04% |
306,014
-130,463
| -30% | -$12.9M |
|
|
ATHN
619
DELISTED
Athenahealth, Inc.
ATHN
| $27.2M | 0.04% |
218,604
+166,238
| +317% | +$22.9M |
|
620
Bausch Health
BHC
$2.46B
| $27.1M | 0.04% |
1,891,070
+1,129,663
| +148% | +$17.1M |
|
621
Old Dominion Freight Line
ODFL
$41.7B
| $27.1M | 0.04% |
737,496
-155,244
| -17% | -$5.13M |
|
622
Teledyne Technologies
TDY
$29B
| $27M | 0.04% |
169,361
-6,447
| -4% | -$937K |
|
|
FBR
623
DELISTED
Fibria Celulose Sa
FBR
| $26.9M | 0.04% |
1,987,643
+843,350
| +74% | +$10M |
|
624
Snap-on
SNA
$20.3B
| $26.9M | 0.04% |
180,278
-189,557
| -51% | -$28.5M |
|
625
Weibo
WB
$1.72B
| $26.9M | 0.04% |
271,491
-257,776
| -49% | -$22.7M |
|
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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.