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 | |
|---|---|---|---|---|---|---|
876
CarMax
KMX
$8.91B
| $17.3M | 0.03% |
227,588
-424,312
| -65% | -$28.3M |
|
877
Crane NXT
CXT
$2.87B
| $17.2M | 0.03% |
620,059
+42,710
| +7% | +$1.14M |
|
|
SAVE
878
DELISTED
Spirit Airlines, Inc.
SAVE
| $17.2M | 0.03% |
514,675
+391,647
| +318% | +$15.7M |
|
879
Pediatrix Medical
MD
$2.16B
| $17.2M | 0.03% |
398,665
+391,235
| +5,266% | +$18.6M |
|
880
Cardinal Health
CAH
$54B
| $17.1M | 0.03% |
+256,263
| New | +$18.1M |
|
881
PJT Partners
PJT
$4.51B
| $17.1M | 0.03% |
447,242
+23,130
| +5% | +$918K |
|
|
NBIS
882
Nebius Group N.V.
NBIS
$57.3B
| $17.1M | 0.03% |
519,602
+113,043
| +28% | +$3.45M |
|
|
VSM
883
DELISTED
Versum Materials, Inc.
VSM
| $17.1M | 0.03% |
439,597
+152,628
| +53% | +$5.46M |
|
884
Raymond James Financial
RJF
$34B
| $17M | 0.03% |
303,092
+126,770
| +72% | +$6.84M |
|
885
Morgan Stanley
MS
$336B
| $17M | 0.03% |
353,669
-359,441
| -50% | -$16.7M |
|
|
TVPT
886
DELISTED
Travelport Worldwide Limited
TVPT
| $17M | 0.03% |
1,085,122
+501,142
| +86% | +$7.33M |
|
|
NFX
887
DELISTED
Newfield Exploration
NFX
| $17M | 0.03% |
573,426
-351,463
| -38% | -$9.43M |
|
888
CALL
Valero Energy
VLO
$99.6B
| $17M | 0.03% |
+220,500
| New | +$15.2M |
|
|
WLL
889
DELISTED
Whiting Petroleum Corporation
WLL
| $17M | 0.03% |
10,355
-13,863
| -57% | -$20.4M |
|
890
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $16.9M | 0.03% |
212,161
+44,686
| +27% | +$3.57M |
|
891
Extra Space Storage
EXR
$30.9B
| $16.8M | 0.03% |
210,557
+192,543
| +1,069% | +$15M |
|
892
AdvanSix
ASIX
$454M
| $16.8M | 0.03% |
423,085
+245,644
| +138% | +$8.33M |
|
893
B&G Foods
BGS
$284M
| $16.8M | 0.03% |
+527,583
| New | +$17.3M |
|
894
LPL Financial
LPLA
$28.7B
| $16.8M | 0.03% |
325,404
-1,357,392
| -81% | -$62.5M |
|
895
iRhythm Holdings
IRTC
$4.13B
| $16.8M | 0.03% |
323,173
-492,150
| -60% | -$22.3M |
|
|
GGP
896
DELISTED
GGP Inc.
GGP
| $16.7M | 0.03% |
+804,142
| New | +$17.6M |
|
897
LG Display
LPL
$3.29B
| $16.6M | 0.03% |
1,239,720
+385,289
| +45% | +$5.52M |
|
|
PINC
898
DELISTED
Premier
PINC
| $16.6M | 0.03% |
510,572
+390,099
| +324% | +$13.2M |
|
899
Autodesk
ADSK
$53.7B
| $16.6M | 0.03% |
148,073
-364,287
| -71% | -$40.2M |
|
|
NSTG
900
DELISTED
NanoString Technologies, Inc.
NSTG
| $16.6M | 0.03% |
1,028,227
+163,137
| +19% | +$2.52M |
|
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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.