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 | |
|---|---|---|---|---|---|---|
|
MON
801
CALL
DELISTED
Monsanto Co
MON
| $23.4M | 0.03% |
+200,000
| New | +$23.8M |
|
802
Lear
LEA
$8.18B
| $23.4M | 0.03% |
132,200
-53,705
| -29% | -$9.42M |
|
803
Old Dominion Freight Line
ODFL
$41.8B
| $23.3M | 0.03% |
532,251
-205,245
| -28% | -$8.25M |
|
804
DexCom
DXCM
$34.4B
| $23.3M | 0.03% |
+1,624,164
| New | +$21.1M |
|
805
Conduent
CNDT
$250M
| $23.3M | 0.03% |
1,440,690
-1,077,736
| -43% | -$16.9M |
|
|
RHT
806
DELISTED
Red Hat Inc
RHT
| $23.3M | 0.03% |
193,608
-81,836
| -30% | -$10M |
|
807
FS KKR Capital
FSK
$3.33B
| $23.2M | 0.03% |
789,618
+781,227
| +9,310% | +$25.1M |
|
808
EQT Corp
EQT
$33.6B
| $23.2M | 0.03% |
748,548
-851,108
| -53% | -$27.9M |
|
809
Howard Hughes
HHH
$3.99B
| $23.1M | 0.03% |
184,811
+177,762
| +2,522% | +$21.2M |
|
810
Etsy
ETSY
$7.99B
| $23.1M | 0.03% |
1,130,861
+85,189
| +8% | +$1.5M |
|
811
Blackrock
BLK
$182B
| $23.1M | 0.03% |
44,954
+24,352
| +118% | +$11.8M |
|
812
Applied Industrial Technologies
AIT
$12.4B
| $23.1M | 0.03% |
338,739
-80,131
| -19% | -$5.1M |
|
|
HAWK
813
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $23.1M | 0.03% |
646,573
+611,095
| +1,722% | +$22M |
|
814
Steven Madden
SHOO
$3.36B
| $23M | 0.03% |
739,299
+11,751
| +2% | +$329K |
|
815
Generac Holdings
GNRC
$12B
| $23M | 0.03% |
464,420
+389,084
| +516% | +$19.3M |
|
|
RDUS
816
DELISTED
Radius Recycling
RDUS
| $23M | 0.03% |
685,889
+600,873
| +707% | +$17.6M |
|
|
NPKI
817
NPK International
NPKI
$1.12B
| $23M | 0.03% |
2,670,596
-540,743
| -17% | -$4.9M |
|
|
Y
818
DELISTED
Alleghany Corp
Y
| $22.9M | 0.03% |
38,350
+36,560
| +2,042% | +$20.9M |
|
819
CALL
Constellation Brands
STZ
$23.5B
| $22.9M | 0.03% |
+100,000
| New | +$21.6M |
|
|
MLNX
820
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $22.8M | 0.03% |
352,697
+77,074
| +28% | +$4.08M |
|
821
CALL
NRG Energy
NRG
$23.5B
| $22.8M | 0.03% |
800,000
+300,000
| +60% | +$8.16M |
|
822
Chemours
CC
$2.32B
| $22.8M | 0.03% |
455,082
-3,409,523
| -88% | -$179M |
|
|
GCP
823
DELISTED
GCP Applied Technologies Inc.
GCP
| $22.7M | 0.03% |
711,837
+392,104
| +123% | +$12.1M |
|
824
Essex Property Trust
ESS
$18.9B
| $22.7M | 0.03% |
93,972
-115,990
| -55% | -$29.3M |
|
825
Primoris Services
PRIM
$4.04B
| $22.7M | 0.03% |
834,155
-139,824
| -14% | -$3.89M |
|
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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.