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 | |
|---|---|---|---|---|---|---|
51
Edwards Lifesciences
EW
$51.8B
| $160M | 0.28% |
4,050,702
+1,371,231
| +51% | +$50.1M |
|
|
RSPP
52
DELISTED
RSP Permian, Inc.
RSPP
| $158M | 0.28% |
4,892,819
+481,558
| +11% | +$17.9M |
|
53
Olin
OLN
$2.1B
| $154M | 0.27% |
5,069,555
+3,192,693
| +170% | +$97.7M |
|
54
FNB Corp
FNB
$6.6B
| $151M | 0.27% |
10,659,909
+1,819,769
| +21% | +$25.6M |
|
55
AbbVie
ABBV
$468B
| $150M | 0.27% |
2,062,885
+1,044,203
| +103% | +$70.2M |
|
56
Molson Coors Class B
TAP
$8.01B
| $145M | 0.26% |
1,683,348
-673,545
| -29% | -$62.4M |
|
57
SBA Communications
SBAC
$19.4B
| $145M | 0.26% |
1,074,173
-131,040
| -11% | -$17M |
|
|
SNV
58
DELISTED
Synovus
SNV
| $145M | 0.26% |
3,267,531
+383,012
| +13% | +$16.1M |
|
59
Conagra Brands
CAG
$7.89B
| $144M | 0.26% |
4,025,822
+318,256
| +9% | +$12.3M |
|
|
WPX
60
DELISTED
WPX Energy, Inc.
WPX
| $142M | 0.25% |
14,686,245
+7,708,842
| +110% | +$87.9M |
|
61
Viasat
VSAT
$10.3B
| $142M | 0.25% |
2,141,063
+944,605
| +79% | +$62.1M |
|
62
Agilent Technologies
A
$44.9B
| $142M | 0.25% |
2,387,608
-1,189,482
| -33% | -$67.8M |
|
63
Citigroup
C
$221B
| $141M | 0.25% |
2,110,771
+236,604
| +13% | +$14.5M |
|
64
CMS Energy
CMS
$21.4B
| $140M | 0.25% |
3,030,307
-1,722,499
| -36% | -$79.6M |
|
65
Humana
HUM
$45.5B
| $139M | 0.25% |
576,034
+354,373
| +160% | +$80.2M |
|
66
Microsoft
MSFT
$3.59T
| $138M | 0.25% |
1,995,884
-1,619,266
| -45% | -$111M |
|
67
KeyCorp
KEY
$23.3B
| $138M | 0.25% |
7,340,902
+299,189
| +4% | +$5.41M |
|
68
Charter Communications
CHTR
$17.9B
| $137M | 0.24% |
405,726
-17,755
| -4% | -$5.92M |
|
69
Bankunited
BKU
$3.3B
| $134M | 0.24% |
3,979,168
+847,729
| +27% | +$29.3M |
|
70
Toll Brothers
TOL
$13.7B
| $134M | 0.24% |
3,389,132
+2,459,820
| +265% | +$91.8M |
|
71
Intuit
INTU
$100B
| $133M | 0.24% |
1,003,587
+648,020
| +182% | +$84M |
|
72
NextEra Energy
NEE
$174B
| $132M | 0.24% |
3,765,884
+1,448,504
| +63% | +$49.5M |
|
|
JNPR
73
DELISTED
Juniper Networks
JNPR
| $131M | 0.23% |
4,695,695
+2,102,501
| +81% | +$61.1M |
|
74
Allstate
ALL
$64.2B
| $129M | 0.23% |
1,453,252
-442,977
| -23% | -$37.5M |
|
|
PE
75
DELISTED
PARSLEY ENERGY INC
PE
| $128M | 0.23% |
4,615,339
-1,465,568
| -24% | -$43.6M |
|
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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.