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 | |
|---|---|---|---|---|---|---|
|
KITE
851
CALL
DELISTED
Kite Pharma, Inc.
KITE
| $18M | 0.03% |
+100,000
| New | +$13.9M |
|
852
Zebra Technologies
ZBRA
$17.2B
| $18M | 0.03% |
165,485
+128,668
| +349% | +$13.2M |
|
|
LFC
853
DELISTED
China Life Insurance Company Ltd.
LFC
| $17.9M | 0.03% |
1,192,380
+1,073,189
| +900% | +$16.8M |
|
854
CAE Inc
CAE
$7.96B
| $17.9M | 0.03% |
1,023,171
+582,753
| +132% | +$9.83M |
|
855
Selective Insurance
SIGI
$5.52B
| $17.9M | 0.03% |
331,524
+219,315
| +195% | +$11.1M |
|
856
IDEX
IEX
$17.2B
| $17.8M | 0.03% |
+146,680
| New | +$17.1M |
|
857
ExxonMobil
XOM
$675B
| $17.7M | 0.03% |
+215,830
| New | +$17.1M |
|
|
KRA
858
DELISTED
Kraton Corporation
KRA
| $17.7M | 0.03% |
437,274
-130,703
| -23% | -$4.51M |
|
859
NorthWestern Energy
NWE
$4.29B
| $17.7M | 0.03% |
310,179
+115,944
| +60% | +$6.92M |
|
860
Etsy
ETSY
$7.99B
| $17.7M | 0.03% |
1,045,672
+998,398
| +2,112% | +$15.8M |
|
|
VXX
861
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $17.6M | 0.03% |
450,000
-227,500
| -34% | -$10.6M |
|
862
MSC Industrial Direct
MSM
$6.66B
| $17.6M | 0.03% |
233,351
+149,129
| +177% | +$10.8M |
|
863
Designer Brands
DBI
$297M
| $17.6M | 0.03% |
820,686
+802,856
| +4,503% | +$14.8M |
|
|
LM
864
DELISTED
Legg Mason, Inc.
LM
| $17.6M | 0.03% |
448,386
-115,027
| -20% | -$4.42M |
|
865
Enpro
NPO
$6.45B
| $17.5M | 0.03% |
217,851
+181,972
| +507% | +$13.3M |
|
866
Ameren
AEE
$29.7B
| $17.5M | 0.03% |
302,607
-822,452
| -73% | -$47.5M |
|
867
Camping World
CWH
$663M
| $17.5M | 0.03% |
429,226
+360,072
| +521% | +$12.5M |
|
|
EVRI
868
DELISTED
Everi Holdings
EVRI
| $17.5M | 0.03% |
2,301,485
+1,370,553
| +147% | +$10.3M |
|
869
CSX Corp
CSX
$95.3B
| $17.5M | 0.03% |
965,562
-3,377,007
| -78% | -$58M |
|
|
PEI
870
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $17.4M | 0.03% |
110,811
+72,580
| +190% | +$11.9M |
|
871
Ameriprise Financial
AMP
$49.6B
| $17.4M | 0.03% |
117,253
-520,482
| -82% | -$72.7M |
|
872
Silicon Motion
SIMO
$8.25B
| $17.3M | 0.03% |
360,773
-330,040
| -48% | -$14.6M |
|
873
Itaú Unibanco
ITUB
$82.9B
| $17.3M | 0.03% |
2,601,294
+2,323,961
| +838% | +$14.2M |
|
874
CALL
Alibaba
BABA
$284B
| $17.3M | 0.03% |
+100,000
| New | +$16.2M |
|
|
GBNK
875
DELISTED
Guaranty Bancorp
GBNK
| $17.3M | 0.03% |
621,259
+29,108
| +5% | +$770K |
|
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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.