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 | |
|---|---|---|---|---|---|---|
601
TriNet
TNET
$3.19B
| $33.1M | 0.05% |
747,231
+186,875
| +33% | +$7.48M |
|
602
Cemex
CX
$15.9B
| $33.1M | 0.05% |
4,409,630
+504,390
| +13% | +$3.99M |
|
603
Agnico Eagle Mines
AEM
$110B
| $33M | 0.05% |
713,834
+304,674
| +74% | +$13.6M |
|
604
Toro Company
TTC
$9.47B
| $32.9M | 0.05% |
505,042
-54,342
| -10% | -$3.45M |
|
605
Emergent Biosolutions
EBS
$266M
| $32.9M | 0.05% |
707,484
+64,321
| +10% | +$2.71M |
|
|
WAGE
606
DELISTED
WageWorks, Inc.
WAGE
| $32.9M | 0.05% |
530,053
+121,575
| +30% | +$7.62M |
|
607
Invesco QQQ Trust
QQQ
$483B
| $32.8M | 0.05% |
210,438
+153,895
| +272% | +$23.5M |
|
|
CADE
608
DELISTED
Cadence Bank
CADE
| $32.7M | 0.05% |
1,041,181
-743,105
| -42% | -$23.9M |
|
|
HES
609
DELISTED
Hess
HES
| $32.7M | 0.05% |
688,523
+91,798
| +15% | +$4.14M |
|
610
Amdocs
DOX
$6.48B
| $32.7M | 0.05% |
499,087
-9,888
| -2% | -$642K |
|
611
Rush Enterprises Class A
RUSHA
$8.53B
| $32.6M | 0.04% |
1,441,427
+217,969
| +18% | +$4.73M |
|
|
XEC
612
DELISTED
CIMAREX ENERGY CO
XEC
| $32.5M | 0.04% |
266,249
-285,464
| -52% | -$33.3M |
|
613
Emcor
EME
$33.7B
| $32.5M | 0.04% |
397,201
+287,085
| +261% | +$22.2M |
|
614
Inogen
INGN
$146M
| $32.4M | 0.04% |
271,928
+228,716
| +529% | +$25.2M |
|
615
AXIS Capital
AXS
$7.25B
| $32.3M | 0.04% |
642,759
+519,283
| +421% | +$27.7M |
|
616
United Parks & Resorts
PRKS
$2.03B
| $32.3M | 0.04% |
2,377,853
+2,266,005
| +2,026% | +$28.2M |
|
|
HOUS
617
DELISTED
Anywhere Real Estate
HOUS
| $32.3M | 0.04% |
1,217,107
-262,606
| -18% | -$7.61M |
|
|
SNP
618
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $32.2M | 0.04% |
438,278
+15,034
| +4% | +$1.1M |
|
619
Arthur J. Gallagher & Co
AJG
$69.7B
| $32.2M | 0.04% |
508,090
-176,968
| -26% | -$11.3M |
|
620
CALL
Range Resources
RRC
$9.64B
| $31.9M | 0.04% |
1,872,600
+1,431,700
| +325% | +$25.8M |
|
621
IMAX
IMAX
$3B
| $31.9M | 0.04% |
1,379,798
+1,206,822
| +698% | +$28.4M |
|
622
Take-Two Interactive
TTWO
$43.7B
| $31.8M | 0.04% |
289,996
-475,167
| -62% | -$51.9M |
|
|
WRI
623
DELISTED
Weingarten Realty Investors
WRI
| $31.8M | 0.04% |
968,489
+281,977
| +41% | +$9.13M |
|
624
First American
FAF
$7.38B
| $31.8M | 0.04% |
567,710
+13,188
| +2% | +$710K |
|
625
Trip.com Group
TCOM
$29B
| $31.8M | 0.04% |
+721,306
| New | +$34.5M |
|
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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.