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 | |
|---|---|---|---|---|---|---|
651
Nutanix
NTNX
$18.1B
| $25.8M | 0.04% |
1,150,648
+854,034
| +288% | +$18.7M |
|
652
Fortive
FTV
$18.2B
| $25.7M | 0.04% |
576,560
+512,156
| +795% | +$21.3M |
|
653
BlackBerry
BB
$4.5B
| $25.7M | 0.04% |
2,297,522
-76,054
| -3% | -$715K |
|
654
SLM Corp
SLM
$4.96B
| $25.6M | 0.04% |
2,229,120
+922,975
| +71% | +$10M |
|
655
Brookdale Senior Living
BKD
$2.87B
| $25.6M | 0.04% |
2,411,205
+994,632
| +70% | +$12.6M |
|
656
United Natural Foods
UNFI
$2.91B
| $25.6M | 0.04% |
614,455
+471,299
| +329% | +$17.5M |
|
657
PUT
GE Aerospace
GE
$354B
| $25.4M | 0.04% |
219,095
+166,929
| +320% | +$20.2M |
|
658
Steel Dynamics
STLD
$32.7B
| $25.4M | 0.04% |
735,917
+193,080
| +36% | +$6.78M |
|
659
Qiagen
QGEN
$8.75B
| $25.3M | 0.04% |
756,609
+237,724
| +46% | +$8.19M |
|
|
CVSA
660
Covista Inc
CVSA
$4.52B
| $25.3M | 0.04% |
704,506
-540,190
| -43% | -$18.5M |
|
661
CALL
Cheniere Energy
LNG
$57.8B
| $25.2M | 0.04% |
558,900
+350,000
| +168% | +$15.5M |
|
662
Rush Enterprises Class A
RUSHA
$8.48B
| $25.2M | 0.04% |
1,223,458
+648,209
| +113% | +$11.6M |
|
663
FormFactor
FORM
$8.36B
| $25.1M | 0.04% |
1,490,492
+814,404
| +120% | +$11.6M |
|
664
Fidelity National Financial
FNF
$12.7B
| $25M | 0.04% |
759,082
+132,759
| +21% | +$4.34M |
|
665
Aramark
ARMK
$15.6B
| $24.9M | 0.04% |
848,499
+707,334
| +501% | +$20.5M |
|
666
Estee Lauder
EL
$37.5B
| $24.8M | 0.04% |
230,119
-439,420
| -66% | -$45.1M |
|
|
WAGE
667
DELISTED
WageWorks, Inc.
WAGE
| $24.8M | 0.04% |
408,478
+121,891
| +43% | +$7.43M |
|
|
AAN.A
668
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $24.8M | 0.04% |
568,070
+515,546
| +982% | +$22.5M |
|
669
Aptiv
APTV
$9.79B
| $24.7M | 0.04% |
251,042
-13,893
| -5% | -$1.31M |
|
|
FNSR
670
DELISTED
Finisar Corp
FNSR
| $24.6M | 0.04% |
1,110,089
+531,022
| +92% | +$13M |
|
671
Orthofix Medical
OFIX
$397M
| $24.5M | 0.04% |
519,226
+43,195
| +9% | +$2.03M |
|
672
The GEO Group
GEO
$4.23B
| $24.5M | 0.04% |
910,081
+766,106
| +532% | +$21.2M |
|
673
Commault Systems
CVLT
$5.4B
| $24.5M | 0.04% |
402,427
+181,729
| +82% | +$10.9M |
|
674
YPF Sociedad Anonima ADS
YPF
$20.3B
| $24.4M | 0.04% |
1,096,928
+507,054
| +86% | +$10.5M |
|
675
Heartland Express
HTLD
$957M
| $24.4M | 0.04% |
+974,107
| New | +$21.2M |
|
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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.