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 | |
|---|---|---|---|---|---|---|
626
Granite Construction
GVA
$5.47B
| $31.7M | 0.04% |
500,025
+489,615
| +4,703% | +$30.6M |
|
627
The Greenbrier Companies
GBX
$1.43B
| $31.7M | 0.04% |
594,849
-134,798
| -18% | -$6.76M |
|
628
Televisa
TV
$1.48B
| $31.6M | 0.04% |
1,694,261
+1,645,076
| +3,345% | +$34.1M |
|
629
Monster Beverage
MNST
$95.8B
| $31.5M | 0.04% |
1,992,108
-832,532
| -29% | -$12.5M |
|
630
Silicon Motion
SIMO
$8.25B
| $31.5M | 0.04% |
594,767
+233,994
| +65% | +$11.9M |
|
631
Celanese
CE
$4.97B
| $31.5M | 0.04% |
293,799
+95,219
| +48% | +$10.1M |
|
|
BBL
632
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $31.5M | 0.04% |
780,594
-121,867
| -14% | -$4.52M |
|
633
Live Nation Entertainment
LYV
$43B
| $31.3M | 0.04% |
734,470
+474,071
| +182% | +$20.6M |
|
634
3M
MMM
$92.3B
| $31.3M | 0.04% |
158,805
+83,963
| +112% | +$16.2M |
|
635
MSC Industrial Direct
MSM
$6.66B
| $31.2M | 0.04% |
322,609
+89,258
| +38% | +$7.46M |
|
636
eBay
EBAY
$47.7B
| $31.2M | 0.04% |
826,167
-835,130
| -50% | -$31M |
|
|
NUAN
637
DELISTED
Nuance Communications, Inc.
NUAN
| $31.1M | 0.04% |
2,197,086
+1,268,033
| +136% | +$17.1M |
|
|
NUVA
638
DELISTED
NuVasive, Inc.
NUVA
| $31M | 0.04% |
530,757
+490,336
| +1,213% | +$27.8M |
|
|
EPAY
639
DELISTED
Bottomline Technologies Inc
EPAY
| $31M | 0.04% |
894,947
+562,273
| +169% | +$18.8M |
|
640
Wheaton Precious Metals
WPM
$72.8B
| $31M | 0.04% |
1,400,242
+874,062
| +166% | +$18.2M |
|
|
IMPV
641
DELISTED
Imperva, Inc.
IMPV
| $30.9M | 0.04% |
778,373
-12,108
| -2% | -$505K |
|
|
POT
642
DELISTED
Potash Corp Of Saskatchewan
POT
| $30.9M | 0.04% |
1,496,415
+245,184
| +20% | +$4.75M |
|
|
B
643
Barrick Mining
B
$79.3B
| $30.9M | 0.04% |
2,133,539
-40,998
| -2% | -$604K |
|
|
AAMI
644
Acadian Asset Management
AAMI
$3.26B
| $30.9M | 0.04% |
1,841,796
-225,689
| -11% | -$3.58M |
|
645
OraSure Technologies
OSUR
$263M
| $30.6M | 0.04% |
1,624,216
+759,958
| +88% | +$13.8M |
|
646
Old Republic International
ORI
$10.1B
| $30.6M | 0.04% |
1,429,555
-525,652
| -27% | -$10.7M |
|
647
TE Connectivity
TEL
$58.6B
| $30.5M | 0.04% |
321,153
-149,259
| -32% | -$13.7M |
|
|
HES
648
CALL
DELISTED
Hess
HES
| $30.4M | 0.04% |
640,900
+200,000
| +45% | +$9.02M |
|
649
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $30.4M | 0.04% |
645,500
+583,667
| +944% | +$27M |
|
|
VG
650
DELISTED
Vonage Holdings Corporation
VG
| $30.4M | 0.04% |
2,989,008
+1,435,026
| +92% | +$13.1M |
|
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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.