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 | |
|---|---|---|---|---|---|---|
|
VER
626
DELISTED
VEREIT, Inc.
VER
| $22.2M | 0.04% |
+544,654
| New | +$22.5M |
|
627
FMC
FMC
$1.41B
| $22.2M | 0.04% |
349,829
-782,194
| -69% | -$50.4M |
|
|
RDUS
628
DELISTED
Radius Health, Inc.
RDUS
| $22.1M | 0.04% |
489,444
+456,360
| +1,379% | +$17.4M |
|
629
Orthofix Medical
OFIX
$399M
| $22.1M | 0.04% |
476,031
+396,281
| +497% | +$16.4M |
|
630
Pilgrim's Pride
PPC
$7.57B
| $22.1M | 0.04% |
1,006,938
+842,658
| +513% | +$20M |
|
631
Choice Hotels
CHH
$5B
| $22.1M | 0.04% |
343,418
+38,526
| +13% | +$2.47M |
|
632
Teradyne
TER
$57B
| $22M | 0.04% |
732,067
+706,469
| +2,760% | +$23.8M |
|
633
Plains GP Holdings
PAGP
$5.4B
| $21.9M | 0.04% |
838,189
-835,972
| -50% | -$23.4M |
|
634
Leggett & Platt
LEG
$1.28B
| $21.9M | 0.04% |
416,558
+411,466
| +8,081% | +$21.5M |
|
635
Lear
LEA
$8.18B
| $21.8M | 0.04% |
153,634
+117,819
| +329% | +$16.7M |
|
636
CALL
Mondelez International
MDLZ
$82.6B
| $21.8M | 0.04% |
505,000
+5,000
| +1% | +$225K |
|
637
Viatris
VTRS
$19B
| $21.7M | 0.04% |
560,078
-517,556
| -48% | -$19.9M |
|
|
CLR
638
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $21.7M | 0.04% |
671,828
-27,816
| -4% | -$1.1M |
|
639
FIVE9
FIVN
$2.45B
| $21.7M | 0.04% |
1,007,503
+509,222
| +102% | +$10.4M |
|
|
STRP
640
DELISTED
Straight Path Communications Inc.
STRP
| $21.5M | 0.04% |
+119,838
| New | +$18.3M |
|
|
LM
641
DELISTED
Legg Mason, Inc.
LM
| $21.5M | 0.04% |
563,413
-68,193
| -11% | -$2.58M |
|
642
Simon Property Group
SPG
$71.4B
| $21.5M | 0.04% |
+132,857
| New | +$21.6M |
|
|
RATE
643
DELISTED
Bankrate Inc
RATE
| $21.5M | 0.04% |
1,671,713
+778,546
| +87% | +$8.35M |
|
644
PUT
HP
HPQ
$26.1B
| $21.5M | 0.04% |
+1,228,200
| New | +$22.5M |
|
|
SPLK
645
DELISTED
Splunk Inc
SPLK
| $21.5M | 0.04% |
377,382
+199,107
| +112% | +$12.4M |
|
646
WEC Energy
WEC
$35.1B
| $21.3M | 0.04% |
+347,150
| New | +$21.4M |
|
647
Marriott International
MAR
$93.9B
| $21.2M | 0.04% |
211,625
-93,580
| -31% | -$9.36M |
|
648
Artisan Partners
APAM
$3.05B
| $21.2M | 0.04% |
690,406
+422,226
| +157% | +$12.1M |
|
|
GOV
649
DELISTED
Government Properties Income Trust
GOV
| $21.2M | 0.04% |
+1,155,965
| New | +$25.1M |
|
|
OA
650
DELISTED
Orbital ATK, Inc.
OA
| $21.2M | 0.04% |
215,121
-107,177
| -33% | -$10.6M |
|
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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.