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 | |
|---|---|---|---|---|---|---|
|
VIAB
776
DELISTED
Viacom Inc. Class B
VIAB
| $24.4M | 0.03% |
792,024
-513,237
| -39% | -$13.9M |
|
|
NFX
777
DELISTED
Newfield Exploration
NFX
| $24.4M | 0.03% |
773,826
+200,400
| +35% | +$6.08M |
|
778
PepsiCo
PEP
$197B
| $24.4M | 0.03% |
203,296
-31,672
| -13% | -$3.62M |
|
|
TRQ
779
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $24.4M | 0.03% |
710,267
+501,664
| +240% | +$15.8M |
|
780
Zillow
ZG
$8.53B
| $24.3M | 0.03% |
597,199
+272,492
| +84% | +$11.2M |
|
781
UFP Industries
UFPI
$4.92B
| $24.3M | 0.03% |
645,557
+237,365
| +58% | +$8.73M |
|
782
iRhythm Holdings
IRTC
$4.13B
| $24.3M | 0.03% |
433,087
+109,914
| +34% | +$5.74M |
|
783
Prestige Consumer Healthcare
PBH
$2.46B
| $24.3M | 0.03% |
546,233
+136,642
| +33% | +$6.22M |
|
784
Associated Banc-Corp
ASB
$5.84B
| $24.2M | 0.03% |
954,464
-200,099
| -17% | -$5M |
|
785
Booking.com
BKNG
$160B
| $24.2M | 0.03% |
347,950
+180,250
| +107% | +$13.1M |
|
786
Interface
TILE
$2.21B
| $24.2M | 0.03% |
960,638
+825,536
| +611% | +$19.3M |
|
|
DLPH
787
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $24.2M | 0.03% |
+460,332
| New | +$23.9M |
|
788
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $24.1M | 0.03% |
291,608
+149,955
| +106% | +$12.4M |
|
789
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $24M | 0.03% |
274,995
+14,458
| +6% | +$1.27M |
|
|
CONE
790
DELISTED
CyrusOne Inc Common Stock
CONE
| $23.9M | 0.03% |
401,601
-368,011
| -48% | -$22.3M |
|
|
GHDX
791
DELISTED
Genomic Health, Inc.
GHDX
| $23.9M | 0.03% |
698,923
-47,080
| -6% | -$1.5M |
|
792
BP
BP
$113B
| $23.8M | 0.03% |
+619,866
| New | +$22.5M |
|
|
UCB
793
United Community Banks
UCB
$4.27B
| $23.8M | 0.03% |
846,401
+72,609
| +9% | +$2.03M |
|
794
T. Rowe Price
TROW
$24B
| $23.8M | 0.03% |
226,600
-727
| -0.3% | -$70.9K |
|
795
Avnet
AVT
$7.08B
| $23.8M | 0.03% |
599,625
+33,020
| +6% | +$1.32M |
|
|
WBS
796
DELISTED
Webster Financial
WBS
| $23.6M | 0.03% |
420,807
-215,430
| -34% | -$11.8M |
|
797
Cooper-Standard Automotive
CPS
$471M
| $23.6M | 0.03% |
192,725
+143,641
| +293% | +$16.9M |
|
798
C.H. Robinson
CHRW
$16.7B
| $23.5M | 0.03% |
264,197
+204,322
| +341% | +$16.7M |
|
|
BAS
799
DELISTED
Basis Energy Services, Inc.
BAS
| $23.5M | 0.03% |
1,000,893
+319,716
| +47% | +$6.65M |
|
800
Southwest Gas
SWX
$6.49B
| $23.4M | 0.03% |
291,136
-154,747
| -35% | -$12.6M |
|
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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.