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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$593M |
| 2 |
Abbott
ABT
|
+$259M |
| 3 |
AutoZone
AZO
|
+$204M |
| 4 |
AABA
Altaba Inc
AABA
|
+$186M |
| 5 |
D.R. Horton
DHI
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$215M |
| 2 |
Public Service Enterprise Group
PEG
|
+$211M |
| 3 |
Applied Materials
AMAT
|
+$203M |
| 4 |
Intuitive Surgical
ISRG
|
+$194M |
| 5 |
ConocoPhillips
COP
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.49% |
| 2 | Technology | 12.13% |
| 3 | Healthcare | 11.89% |
| 4 | Consumer Discretionary | 11.58% |
| 5 | Industrials | 10.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Agilent Technologies
A
$44.9B
| $171M | 0.24% |
2,550,899
+450,925
| +21% | +$30.4M |
|
52
Air Products & Chemicals
APD
$67.9B
| $170M | 0.23% |
1,035,807
-170,235
| -14% | -$27.1M |
|
|
EGN
53
DELISTED
Energen
EGN
| $169M | 0.23% |
2,928,514
+1,355,480
| +86% | +$73.6M |
|
54
NRG Energy
NRG
$23.8B
| $164M | 0.23% |
5,759,859
-236,282
| -4% | -$6.43M |
|
55
Western Alliance Bancorporation
WAL
$8.69B
| $162M | 0.22% |
2,867,010
-412,418
| -13% | -$23M |
|
56
Ross Stores
ROST
$76.7B
| $161M | 0.22% |
2,005,253
+736,599
| +58% | +$51.5M |
|
57
Sherwin-Williams
SHW
$84.1B
| $161M | 0.22% |
1,177,359
+144,057
| +14% | +$18.9M |
|
58
T-Mobile US
TMUS
$196B
| $159M | 0.22% |
2,499,252
+1,526,469
| +157% | +$93.1M |
|
|
IBKC
59
DELISTED
IBERIABANK Corp
IBKC
| $154M | 0.21% |
1,982,114
+190,374
| +11% | +$14.6M |
|
60
Equinix
EQIX
$105B
| $152M | 0.21% |
336,180
-33,774
| -9% | -$15.6M |
|
61
SM Energy
SM
$8.85B
| $151M | 0.21% |
6,853,962
+988,583
| +17% | +$20M |
|
62
Microsoft
MSFT
$3.59T
| $151M | 0.21% |
1,762,312
+53,316
| +3% | +$4.37M |
|
63
Oneok
OKE
$58.8B
| $150M | 0.21% |
2,804,636
+2,322,618
| +482% | +$124M |
|
64
Citigroup
C
$221B
| $150M | 0.21% |
2,012,541
-1,380,618
| -41% | -$102M |
|
65
Dollar Tree
DLTR
$25.3B
| $149M | 0.21% |
1,385,333
-1,141,544
| -45% | -$112M |
|
66
CMS Energy
CMS
$21.4B
| $149M | 0.21% |
3,140,599
-810,978
| -21% | -$39.3M |
|
67
Deere & Co
DE
$175B
| $147M | 0.2% |
940,644
-141,297
| -13% | -$19.8M |
|
68
American Express
AXP
$227B
| $147M | 0.2% |
1,480,273
+1,324,105
| +848% | +$126M |
|
69
Occidental Petroleum
OXY
$61.3B
| $147M | 0.2% |
1,989,031
+1,920,249
| +2,792% | +$130M |
|
70
DaVita
DVA
$11.1B
| $146M | 0.2% |
2,024,308
+1,428,810
| +240% | +$87.9M |
|
|
WBA
71
DELISTED
Walgreens Boots Alliance
WBA
| $145M | 0.2% |
2,002,961
-168,836
| -8% | -$11.9M |
|
72
Tapestry
TPR
$26B
| $145M | 0.2% |
3,274,626
+2,308,465
| +239% | +$95.2M |
|
|
PE
73
DELISTED
PARSLEY ENERGY INC
PE
| $144M | 0.2% |
4,900,711
+551,898
| +13% | +$14.7M |
|
74
XPO
XPO
$23.2B
| $143M | 0.2% |
4,522,406
+1,085,449
| +32% | +$27.8M |
|
75
Zoetis
ZTS
$32.1B
| $143M | 0.2% |
1,984,470
+1,340,378
| +208% | +$92.1M |
|
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Israel Englander's Q4 2017 Portfolio in Review
As of Q4 2017, Israel Englander held 4,357 positions worth $72.5B, up 10% from $65.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Israel Englander deployed $3.05B of net new capital in Q4 2017, opening 897 new positions and adding to 1,473 existing holdings. Its largest new stake was Viatris: 2,905,317 shares worth $123M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Honeywell, an estimated $215M trimmed.
- Israel Englander's largest Q4 2017 buy was Viatris: 2,905,317 shares worth $123M.
- Israel Englander added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $593M increase.
- Israel Englander's biggest Q4 2017 reduction was Honeywell, cutting an estimated $215M.
- Israel Englander fully exited Paychex in Q4 2017, selling an estimated $66.4M.
- Israel Englander's ten largest holdings make up 6.7% of its $72.5B portfolio in Q4 2017.
- Israel Englander opened 897 new positions and closed 601 in Q4 2017.
- Israel Englander's portfolio value rose 10% quarter-over-quarter to $72.5B.
Based on Millennium Management's 13F filing for Q4 2017, filed 14 Feb 2018.