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 | |
|---|---|---|---|---|---|---|
701
Cognex
CGNX
$9.85B
| $23.3M | 0.04% |
422,930
+328,668
| +349% | +$16.7M |
|
702
RPM International
RPM
$13.6B
| $23.3M | 0.04% |
453,835
-163,031
| -26% | -$8.35M |
|
703
Methanex
MEOH
$4.57B
| $23.2M | 0.04% |
461,348
+46,637
| +11% | +$2.2M |
|
|
TLRD
704
DELISTED
Tailored Brands, Inc.
TLRD
| $23.2M | 0.04% |
1,603,967
+1,496,408
| +1,391% | +$18.2M |
|
|
AZPN
705
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $23.2M | 0.04% |
368,753
+273,146
| +286% | +$17.2M |
|
706
Choice Hotels
CHH
$5B
| $23.1M | 0.04% |
362,048
+18,630
| +5% | +$1.16M |
|
707
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $23.1M | 0.04% |
260,537
+132,112
| +103% | +$11.7M |
|
708
Enviri
NVRI
$595M
| $23M | 0.04% |
1,101,568
+687,359
| +166% | +$11.7M |
|
709
MGM Resorts International
MGM
$11B
| $23M | 0.04% |
705,985
-547,776
| -44% | -$17.6M |
|
710
Matsons
MATX
$6.66B
| $23M | 0.04% |
815,537
+738,075
| +953% | +$20.6M |
|
711
Timken Company
TKR
$8.5B
| $23M | 0.04% |
472,957
+84,321
| +22% | +$3.89M |
|
|
MPT
712
Medical Properties Trust
MPT
$2.46B
| $22.9M | 0.03% |
1,742,323
-928,478
| -35% | -$12M |
|
713
Artisan Partners
APAM
$3.05B
| $22.9M | 0.03% |
701,064
+10,658
| +2% | +$331K |
|
714
CALL
Intel
INTC
$461B
| $22.8M | 0.03% |
600,000
-400,000
| -40% | -$14.2M |
|
715
Workday
WDAY
$49.2B
| $22.8M | 0.03% |
216,504
+36,134
| +20% | +$3.73M |
|
|
ARRS
716
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $22.7M | 0.03% |
797,992
+314,799
| +65% | +$8.72M |
|
|
SINA
717
DELISTED
Sina Corp
SINA
| $22.7M | 0.03% |
197,761
-14,080
| -7% | -$1.42M |
|
|
718
Gilead Sciences
GILD
$182B
| $22.7M | 0.03% |
279,772
-2,719,992
| -91% | -$208M |
|
719
Fomento Económico Mexicano
FMX
$41.6B
| $22.7M | 0.03% |
237,189
+6,676
| +3% | +$665K |
|
720
Darling Ingredients
DAR
$9.83B
| $22.6M | 0.03% |
1,291,097
+551,024
| +74% | +$9.33M |
|
721
Century Communities
CCS
$1.97B
| $22.6M | 0.03% |
914,764
+329,824
| +56% | +$8M |
|
|
SEM
722
DELISTED
Select Medical
SEM
| $22.4M | 0.03% |
2,161,652
-10,373
| -0.5% | -$95.8K |
|
|
BSMX
723
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
| $22.3M | 0.03% |
2,210,220
+1,769,725
| +402% | +$18.1M |
|
|
TFCF
724
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $22.3M | 0.03% |
864,041
+753,084
| +679% | +$20.4M |
|
|
AVP
725
DELISTED
Avon Products, Inc.
AVP
| $22.3M | 0.03% |
9,562,740
+3,231,648
| +51% | +$9.58M |
|
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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.