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 | |
|---|---|---|---|---|---|---|
|
MYCC
751
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $17M | 0.03% |
1,056,898
+863,406
| +446% | +$14.2M |
|
752
Compass Minerals
CMP
$1.03B
| $16.9M | 0.03% |
249,500
+203,096
| +438% | +$15.5M |
|
753
Insperity
NSP
$1.99B
| $16.9M | 0.03% |
381,832
+76,682
| +25% | +$3.05M |
|
|
ARRS
754
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $16.9M | 0.03% |
638,181
-308,191
| -33% | -$8.62M |
|
|
KCG
755
DELISTED
KCG Holdings, Inc.
KCG
| $16.9M | 0.03% |
945,449
-645,598
| -41% | -$9.6M |
|
756
Willis Towers Watson
WTW
$32.6B
| $16.8M | 0.03% |
+128,301
| New | +$16.3M |
|
757
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $16.8M | 0.03% |
142,123
+83,131
| +141% | +$9.76M |
|
758
DNOW Inc
DNOW
$2.8B
| $16.7M | 0.03% |
984,887
+287,036
| +41% | +$5.65M |
|
759
Coeur Mining
CDE
$21.5B
| $16.6M | 0.03% |
2,055,798
+2,034,362
| +9,490% | +$19.4M |
|
760
Criteo S.A.
CRTO
$837M
| $16.6M | 0.03% |
331,366
+42,832
| +15% | +$2M |
|
761
Cemex
CX
$15.9B
| $16.6M | 0.03% |
1,899,260
+434,431
| +30% | +$3.65M |
|
762
Enovis
ENOV
$1.45B
| $16.5M | 0.03% |
243,813
+50,230
| +26% | +$3.35M |
|
|
ZEN
763
DELISTED
ZENDESK INC
ZEN
| $16.5M | 0.03% |
+586,689
| New | +$15.2M |
|
|
BKI
764
DELISTED
Black Knight, Inc. Common Stock
BKI
| $16.4M | 0.03% |
428,325
+337,250
| +370% | +$12.7M |
|
|
GWPH
765
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $16.4M | 0.03% |
135,402
-109,578
| -45% | -$13.4M |
|
766
Align Technology
ALGN
$11.3B
| $16.4M | 0.03% |
142,755
+75,294
| +112% | +$7.61M |
|
767
Ameriprise Financial
AMP
$49.6B
| $16.4M | 0.03% |
126,093
-340,450
| -73% | -$42.1M |
|
|
WFM
768
DELISTED
Whole Foods Market Inc
WFM
| $16.3M | 0.03% |
548,362
-1,576,529
| -74% | -$47.5M |
|
769
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $16.3M | 0.03% |
204,330
+14,553
| +8% | +$1.16M |
|
|
ERF
770
DELISTED
Enerplus Corporation
ERF
| $16.3M | 0.03% |
2,023,430
-790,893
| -28% | -$6.95M |
|
|
ITG
771
DELISTED
Investment Technology Group Inc
ITG
| $16.2M | 0.03% |
801,966
+674,268
| +528% | +$13.6M |
|
772
Etsy
ETSY
$7.99B
| $16.2M | 0.03% |
1,527,245
+330,273
| +28% | +$3.87M |
|
773
First Trust Technology AlphaDEX Fund
FXL
$2.71B
| $16.2M | 0.03% |
+386,100
| New | +$15.6M |
|
|
VXX
774
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $16.2M | 0.03% |
+256,008
| New | +$19M |
|
|
AIV
775
Aimco
AIV
$378M
| $16.1M | 0.03% |
2,729,857
+2,416,591
| +771% | +$14.4M |
|
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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.