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 | |
|---|---|---|---|---|---|---|
51
Mondelez International
MDLZ
$82.3B
| $140M | 0.26% |
+3,261,215
| New | +$145M |
|
52
CSX Corp
CSX
$95.6B
| $140M | 0.26% |
8,999,115
+68,697
| +0.8% | +$1.05M |
|
53
Western Alliance Bancorporation
WAL
$8.69B
| $139M | 0.26% |
2,838,739
+168,574
| +6% | +$8.44M |
|
54
CoreCivic
CXW
$3.36B
| $139M | 0.25% |
4,419,476
-467,373
| -10% | -$14.3M |
|
55
Charter Communications
CHTR
$17.9B
| $139M | 0.25% |
423,481
+336,986
| +390% | +$107M |
|
56
Quanta Services
PWR
$96.1B
| $138M | 0.25% |
3,728,262
+2,801,420
| +302% | +$102M |
|
57
NiSource
NI
$19.5B
| $136M | 0.25% |
5,712,479
-1,021,569
| -15% | -$23.4M |
|
58
TechnipFMC
FTI
$30.4B
| $135M | 0.25% |
5,588,649
+2,455,452
| +78% | +$60.6M |
|
|
GXP
59
DELISTED
Great Plains Energy Incorporated
GXP
| $135M | 0.25% |
4,611,843
-1,686,559
| -27% | -$47.3M |
|
60
Corpay
CPAY
$27.4B
| $135M | 0.25% |
888,210
+811,599
| +1,059% | +$127M |
|
|
PF
61
DELISTED
Pinnacle Foods, Inc.
PF
| $133M | 0.24% |
2,300,937
-59,334
| -3% | -$3.29M |
|
62
Fortive
FTV
$18.1B
| $133M | 0.24% |
3,490,981
+1,138,703
| +48% | +$40.8M |
|
63
Boston Scientific
BSX
$73B
| $132M | 0.24% |
5,309,674
-1,622,917
| -23% | -$39.5M |
|
64
FNB Corp
FNB
$6.6B
| $131M | 0.24% |
8,840,140
+2,462,957
| +39% | +$37.8M |
|
65
Lowe's Companies
LOW
$121B
| $131M | 0.24% |
1,588,924
-1,268,332
| -44% | -$97.1M |
|
66
SM Energy
SM
$8.85B
| $129M | 0.24% |
5,381,803
+2,657,771
| +98% | +$73.6M |
|
67
Gilead Sciences
GILD
$181B
| $129M | 0.24% |
1,896,066
+480,376
| +34% | +$33.8M |
|
68
IBM
IBM
$222B
| $129M | 0.24% |
773,501
+749,866
| +3,173% | +$126M |
|
69
Hartford Financial Services
HIG
$36.9B
| $129M | 0.24% |
2,674,154
+2,201,082
| +465% | +$107M |
|
70
Intel
INTC
$476B
| $128M | 0.24% |
+3,556,958
| New | +$129M |
|
71
HP
HPQ
$27.2B
| $127M | 0.23% |
7,102,721
+1,835,187
| +35% | +$29.7M |
|
72
D.R. Horton
DHI
$41.5B
| $127M | 0.23% |
3,807,827
+373,147
| +11% | +$11.6M |
|
|
SRC
73
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $126M | 0.23% |
2,774,129
+1,743,459
| +169% | +$83.1M |
|
74
Cigna
CI
$73.3B
| $125M | 0.23% |
854,847
+480,314
| +128% | +$70.8M |
|
75
KeyCorp
KEY
$23.3B
| $125M | 0.23% |
7,041,713
+1,922,425
| +38% | +$35.2M |
|
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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.