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 | |
|---|---|---|---|---|---|---|
826
MACOM Technology Solutions
MTSI
$19.7B
| $19M | 0.03% |
+425,180
| New | +$20.7M |
|
827
Diamondrock Hospitality Co
DRH
$2.61B
| $19M | 0.03% |
1,731,499
-1,587,182
| -48% | -$17.7M |
|
|
ESIO
828
DELISTED
Electro Scientific Industries
ESIO
| $18.9M | 0.03% |
1,358,950
+1,019,219
| +300% | +$11M |
|
829
TriNet
TNET
$3.19B
| $18.8M | 0.03% |
560,356
+445,138
| +386% | +$15.6M |
|
830
Bio-Rad Laboratories Class A
BIO
$10.2B
| $18.8M | 0.03% |
84,767
+76,017
| +869% | +$17.1M |
|
831
CALL
Baxter International
BAX
$13.7B
| $18.8M | 0.03% |
300,000
+100,000
| +50% | +$6.18M |
|
832
Canadian Imperial Bank of Commerce
CM
$105B
| $18.7M | 0.03% |
427,972
-289,764
| -40% | -$12.4M |
|
|
FMSA
833
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $18.7M | 0.03% |
3,913,764
+2,580,306
| +194% | +$8.35M |
|
834
Diodes
DIOD
$4.13B
| $18.7M | 0.03% |
624,389
+381,287
| +157% | +$10.3M |
|
|
ROIC
835
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $18.6M | 0.03% |
978,540
+90,184
| +10% | +$1.79M |
|
836
Sixth Street Specialty
TSLX
$1.8B
| $18.6M | 0.03% |
886,450
+712,010
| +408% | +$14.7M |
|
837
Ascendis Pharma A/S
ASND
$16.5B
| $18.6M | 0.03% |
512,414
+293,473
| +134% | +$8.42M |
|
838
Ecovyst
ECVT
$1.1B
| $18.6M | 0.03% |
+1,076,252
| New | +$18.6M |
|
|
LHCG
839
DELISTED
LHC Group LLC
LHCG
| $18.5M | 0.03% |
260,886
-22,341
| -8% | -$1.43M |
|
840
Agnico Eagle Mines
AEM
$110B
| $18.5M | 0.03% |
409,160
+33,996
| +9% | +$1.59M |
|
841
Asbury Automotive
ABG
$3.79B
| $18.5M | 0.03% |
302,296
+230,217
| +319% | +$12.7M |
|
|
FOE
842
DELISTED
Ferro Corporation
FOE
| $18.4M | 0.03% |
823,538
+194,165
| +31% | +$3.79M |
|
843
Bio-Techne
TECH
$11.3B
| $18.4M | 0.03% |
+607,340
| New | +$18M |
|
844
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
| $18.3M | 0.03% |
81,823
+34,900
| +74% | +$7.64M |
|
845
United Airlines
UAL
$36.9B
| $18.3M | 0.03% |
300,588
-987,932
| -77% | -$65.8M |
|
|
PNK
846
DELISTED
Pinnacle Entertainment Inc.
PNK
| $18.3M | 0.03% |
857,253
+474,613
| +124% | +$9.34M |
|
|
HT
847
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $18.2M | 0.03% |
973,716
+667,623
| +218% | +$12.3M |
|
848
Atmos Energy
ATO
$28.4B
| $18.2M | 0.03% |
216,746
-140,261
| -39% | -$12.1M |
|
849
Simon Property Group
SPG
$71.4B
| $18.1M | 0.03% |
112,389
-20,468
| -15% | -$3.27M |
|
850
Boyd Gaming
BYD
$5.89B
| $18M | 0.03% |
690,595
-472,749
| -41% | -$12.2M |
|
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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.