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 | |
|---|---|---|---|---|---|---|
|
ENV
676
DELISTED
ENVESTNET, INC.
ENV
| $19.9M | 0.04% |
502,845
+120,422
| +31% | +$4.33M |
|
|
TGI
677
DELISTED
Triumph Group
TGI
| $19.9M | 0.04% |
629,816
+266,303
| +73% | +$7.41M |
|
678
IAMGOLD
IAG
$12.4B
| $19.8M | 0.04% |
3,843,494
+2,933,293
| +322% | +$13.2M |
|
|
PFPT
679
DELISTED
Proofpoint, Inc.
PFPT
| $19.8M | 0.04% |
228,359
-223,269
| -49% | -$18.4M |
|
|
PPBI
680
DELISTED
Pacific Premier Bancorp
PPBI
| $19.7M | 0.04% |
533,480
+484,190
| +982% | +$17.4M |
|
681
PUT
Regeneron Pharmaceuticals
REGN
$85.3B
| $19.6M | 0.04% |
+40,000
| New | +$17.5M |
|
|
OTIC
682
DELISTED
Otonomy, Inc.
OTIC
| $19.6M | 0.04% |
1,041,854
+230,335
| +28% | +$3.21M |
|
|
VCRA
683
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $19.6M | 0.03% |
740,623
+54,097
| +8% | +$1.39M |
|
|
KRA
684
DELISTED
Kraton Corporation
KRA
| $19.6M | 0.03% |
567,977
+270,761
| +91% | +$8.87M |
|
|
SPR
685
DELISTED
Spirit AeroSystems
SPR
| $19.5M | 0.03% |
336,763
+59,878
| +22% | +$3.36M |
|
686
Progress Software
PRGS
$1.78B
| $19.5M | 0.03% |
631,207
+199,927
| +46% | +$5.92M |
|
687
Fidelity National Financial
FNF
$12.7B
| $19.5M | 0.03% |
626,323
-540,564
| -46% | -$15.6M |
|
688
Douglas Emmett
DEI
$2B
| $19.5M | 0.03% |
509,457
+468,212
| +1,135% | +$18.1M |
|
689
CALL
Comcast
CMCSA
$95.9B
| $19.5M | 0.03% |
+500,000
| New | +$19.7M |
|
690
GameStop
GME
$8.09B
| $19.4M | 0.03% |
3,598,552
+2,230,468
| +163% | +$12.6M |
|
691
Steel Dynamics
STLD
$32.9B
| $19.4M | 0.03% |
542,837
-1,142,532
| -68% | -$39.6M |
|
692
CALL
Commercial Metals
CMC
$7.18B
| $19.4M | 0.03% |
+1,000,000
| New | +$18.5M |
|
693
Bright Horizons
BFAM
$3.6B
| $19.4M | 0.03% |
251,031
+243,052
| +3,046% | +$18.5M |
|
|
HES
694
CALL
DELISTED
Hess
HES
| $19.3M | 0.03% |
+440,900
| New | +$20.6M |
|
|
WCC
695
WESCO International
WCC
$16.4B
| $19.3M | 0.03% |
336,667
+108,633
| +48% | +$6.74M |
|
|
WAGE
696
DELISTED
WageWorks, Inc.
WAGE
| $19.3M | 0.03% |
286,587
+268,830
| +1,514% | +$19.1M |
|
|
LHCG
697
DELISTED
LHC Group LLC
LHCG
| $19.2M | 0.03% |
283,227
-67,276
| -19% | -$4.02M |
|
698
Kroger
KR
$36.2B
| $19.2M | 0.03% |
824,485
+758,927
| +1,158% | +$21.5M |
|
699
Target
TGT
$77.2B
| $19.2M | 0.03% |
366,880
-32,794
| -8% | -$1.79M |
|
700
Old Republic International
ORI
$10.1B
| $19.1M | 0.03% |
980,368
-431,773
| -31% | -$8.61M |
|
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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.