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 | |
|---|---|---|---|---|---|---|
776
CVS Health
CVS
$120B
| $20.6M | 0.03% |
253,900
+180,693
| +247% | +$14.3M |
|
777
Kennametal
KMT
$2.23B
| $20.6M | 0.03% |
511,813
-1,025,256
| -67% | -$37.9M |
|
778
Kite Realty
KRG
$5.26B
| $20.6M | 0.03% |
+1,018,540
| New | +$20.4M |
|
779
T. Rowe Price
TROW
$24B
| $20.6M | 0.03% |
+227,327
| New | +$18.8M |
|
780
GSK
GSK
$104B
| $20.6M | 0.03% |
405,951
-1,869,822
| -82% | -$94.9M |
|
781
Huntsman Corp
HUN
$1.68B
| $20.6M | 0.03% |
749,934
+569,042
| +315% | +$15.2M |
|
782
Braskem
BAK
$733M
| $20.5M | 0.03% |
767,475
+311,782
| +68% | +$7.66M |
|
783
Prestige Consumer Healthcare
PBH
$2.46B
| $20.5M | 0.03% |
409,591
+263,330
| +180% | +$13.5M |
|
784
CALL
ExxonMobil
XOM
$675B
| $20.5M | 0.03% |
+250,000
| New | +$19.9M |
|
785
Match Group
MTCH
$9.58B
| $20.5M | 0.03% |
882,597
+608,855
| +222% | +$12.3M |
|
786
Insulet
PODD
$10.1B
| $20.4M | 0.03% |
+370,485
| New | +$20.2M |
|
787
WEX
WEX
$6.93B
| $20.3M | 0.03% |
181,188
-84,342
| -32% | -$9.14M |
|
788
Myriad Genetics
MYGN
$292M
| $20.3M | 0.03% |
561,956
-850,615
| -60% | -$24.3M |
|
789
Ametek
AME
$55.6B
| $20.3M | 0.03% |
307,632
-83,652
| -21% | -$5.29M |
|
790
Ternium
TX
$10.8B
| $20.3M | 0.03% |
656,714
+469,140
| +250% | +$14.2M |
|
791
InterDigital
IDCC
$8.8B
| $20.3M | 0.03% |
275,312
+69,703
| +34% | +$5.1M |
|
792
HEICO Corp Class A
HEI.A
$36.2B
| $20.3M | 0.03% |
519,852
+244,813
| +89% | +$8.96M |
|
793
Regency Centers
REG
$14B
| $20.3M | 0.03% |
326,586
+296,726
| +994% | +$19.1M |
|
|
TMX
794
DELISTED
Terminix Global Holdings, Inc.
TMX
| $20.2M | 0.03% |
645,878
+602,565
| +1,391% | +$17.8M |
|
795
Hilltop Holdings
HTH
$2.22B
| $20.2M | 0.03% |
775,903
+204,342
| +36% | +$5.13M |
|
796
National Fuel Gas
NFG
$7.84B
| $20.2M | 0.03% |
356,329
+66,205
| +23% | +$3.83M |
|
797
OSI Systems
OSIS
$3.36B
| $20.1M | 0.03% |
220,074
+67,540
| +44% | +$5.49M |
|
798
Douglas Emmett
DEI
$2B
| $20M | 0.03% |
508,237
-1,220
| -0.2% | -$46.7K |
|
799
Equinor
EQNR
$101B
| $20M | 0.03% |
995,017
+56,137
| +6% | +$1.04M |
|
|
HIMX
800
Himax Technologies
HIMX
$2.34B
| $20M | 0.03% |
1,827,646
-66,307
| -4% | -$602K |
|
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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.