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 | |
|---|---|---|---|---|---|---|
51
Mondelez International
MDLZ
$82.3B
| $172M | 0.26% |
4,219,566
-825,587
| -16% | -$35.1M |
|
52
Merck
MRK
$376B
| $171M | 0.26% |
2,800,564
-221,302
| -7% | -$13.4M |
|
53
Devon Energy
DVN
$54B
| $171M | 0.26% |
4,654,466
-3,103,330
| -40% | -$101M |
|
|
PPL
54
PPL Corp
PPL
$25.9B
| $169M | 0.26% |
4,458,841
-1,068,050
| -19% | -$41.3M |
|
|
WBA
55
DELISTED
Walgreens Boots Alliance
WBA
| $168M | 0.26% |
2,171,797
-581,080
| -21% | -$46.6M |
|
56
Oracle
ORCL
$422B
| $167M | 0.26% |
3,463,784
+42,414
| +1% | +$2.11M |
|
57
Bankunited
BKU
$3.3B
| $166M | 0.25% |
4,674,637
+695,469
| +17% | +$23.4M |
|
|
FITB
58
Fifth Third Bancorp
FITB
$49.7B
| $165M | 0.25% |
5,902,720
+4,649,810
| +371% | +$123M |
|
59
Equinix
EQIX
$105B
| $165M | 0.25% |
369,954
-45,002
| -11% | -$20.2M |
|
|
APC
60
DELISTED
Anadarko Petroleum
APC
| $165M | 0.25% |
3,373,716
+1,316,232
| +64% | +$58M |
|
61
AB InBev
BUD
$155B
| $160M | 0.24% |
1,341,314
+757,027
| +130% | +$88.6M |
|
62
Olin
OLN
$2.1B
| $159M | 0.24% |
4,643,588
-425,967
| -8% | -$13.3M |
|
|
63
American Tower
AMT
$81.9B
| $159M | 0.24% |
1,163,262
+1,153,731
| +12,105% | +$161M |
|
64
General Motors
GM
$77.2B
| $154M | 0.24% |
3,824,398
+3,418,934
| +843% | +$125M |
|
65
NRG Energy
NRG
$23.8B
| $153M | 0.23% |
5,996,141
+2,127,827
| +55% | +$50.3M |
|
66
Xcel Energy
XEL
$47.7B
| $153M | 0.23% |
3,234,500
-2,721,292
| -46% | -$131M |
|
67
US Foods
USFD
$23.7B
| $147M | 0.22% |
5,515,695
+2,381,517
| +76% | +$65.2M |
|
|
IBKC
68
DELISTED
IBERIABANK Corp
IBKC
| $147M | 0.22% |
1,791,740
+302,760
| +20% | +$23.8M |
|
|
ANDV
69
DELISTED
Andeavor
ANDV
| $147M | 0.22% |
1,425,964
-504,225
| -26% | -$49.6M |
|
70
Edwards Lifesciences
EW
$51.8B
| $146M | 0.22% |
4,019,118
-31,584
| -0.8% | -$1.2M |
|
71
Northern Trust
NTRS
$33.6B
| $146M | 0.22% |
+1,591,041
| New | +$144M |
|
|
SWN
72
DELISTED
Southwestern Energy Company
SWN
| $146M | 0.22% |
23,917,968
+4,066,281
| +20% | +$23M |
|
|
73
British American Tobacco
BTI
$121B
| $146M | 0.22% |
2,336,955
+2,324,809
| +19,141% | +$150M |
|
74
Brunswick
BC
$5.24B
| $145M | 0.22% |
2,593,660
+2,264,787
| +689% | +$127M |
|
|
AET
75
DELISTED
Aetna Inc
AET
| $143M | 0.22% |
899,385
+491,175
| +120% | +$76.7M |
|
Similar funds
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.