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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
Silicon Motion
SIMO
$8.25B
| $19.5M | 0.04% |
416,684
-182,353
| -30% | -$7.76M |
|
677
MDU Resources
MDU
$4.2B
| $19.5M | 0.04% |
+1,870,124
| New | +$19.5M |
|
678
Berkshire Hathaway Class B
BRK.B
$1.08T
| $19.4M | 0.04% |
116,648
+108,048
| +1,256% | +$18.1M |
|
|
CVG
679
DELISTED
Convergys
CVG
| $19.4M | 0.04% |
916,696
+251,527
| +38% | +$5.91M |
|
680
Insulet
PODD
$10.1B
| $19.3M | 0.04% |
+448,236
| New | +$19.2M |
|
681
Fossil Group
FOSL
$329M
| $19.3M | 0.04% |
1,106,079
+692,831
| +168% | +$14.7M |
|
|
AJRD
682
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $19.2M | 0.04% |
886,685
+672,009
| +313% | +$13.3M |
|
|
SLCA
683
CALL
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $19.2M | 0.04% |
+400,000
| New | +$21.4M |
|
|
AF
684
DELISTED
Astoria Financial Corporation
AF
| $19.2M | 0.04% |
935,723
-2,146,288
| -70% | -$41.5M |
|
685
CDW
CDW
$16.6B
| $19.2M | 0.04% |
332,341
-164,906
| -33% | -$9.28M |
|
|
AEL
686
DELISTED
American Equity Investment Life Holding Company
AEL
| $19.2M | 0.04% |
811,584
+486,835
| +150% | +$12.1M |
|
687
Element Solutions
ESI
$8.52B
| $19.2M | 0.04% |
1,472,640
+604,455
| +70% | +$7.44M |
|
688
Choice Hotels
CHH
$5B
| $19.1M | 0.04% |
304,892
+125,185
| +70% | +$7.36M |
|
|
SAVE
689
DELISTED
Spirit Airlines, Inc.
SAVE
| $19.1M | 0.03% |
+358,976
| New | +$19.2M |
|
690
WisdomTree
WT
$3.61B
| $19M | 0.03% |
2,090,719
+1,976,684
| +1,733% | +$19.1M |
|
|
CSC
691
CALL
DELISTED
Computer Sciences
CSC
| $19M | 0.03% |
+275,000
| New | +$18.2M |
|
692
PNC Financial Services
PNC
$97.2B
| $19M | 0.03% |
157,812
+30,129
| +24% | +$3.69M |
|
|
CAVM
693
DELISTED
Cavium, Inc.
CAVM
| $19M | 0.03% |
+264,776
| New | +$17.7M |
|
|
TRCO
694
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $19M | 0.03% |
508,926
+300,592
| +144% | +$10.2M |
|
|
LHCG
695
DELISTED
LHC Group LLC
LHCG
| $18.9M | 0.03% |
350,503
+26,077
| +8% | +$1.27M |
|
696
Las Vegas Sands
LVS
$30.4B
| $18.8M | 0.03% |
329,967
-376,981
| -53% | -$20.5M |
|
|
DOC
697
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $18.8M | 0.03% |
+947,428
| New | +$18.1M |
|
|
BIG
698
DELISTED
Big Lots, Inc.
BIG
| $18.8M | 0.03% |
386,062
+313,622
| +433% | +$15.8M |
|
699
Rayonier
RYN
$6.31B
| $18.8M | 0.03% |
+730,786
| New | +$18.7M |
|
700
Campbell Soup
CPB
$7.2B
| $18.8M | 0.03% |
327,975
+274,014
| +508% | +$16.6M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.