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 | |
|---|---|---|---|---|---|---|
876
Matsons
MATX
$6.66B
| $21M | 0.03% |
704,383
-111,154
| -14% | -$3.14M |
|
877
GoDaddy
GDDY
$12.7B
| $20.9M | 0.03% |
416,370
+49,739
| +14% | +$2.36M |
|
878
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.79B
| $20.8M | 0.03% |
139,694
-153,512
| -52% | -$21.4M |
|
|
DOOR
879
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $20.8M | 0.03% |
279,944
-192,410
| -41% | -$13.4M |
|
|
STBZ
880
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $20.7M | 0.03% |
693,766
+132,207
| +24% | +$3.89M |
|
|
MYOK
881
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $20.7M | 0.03% |
+490,750
| New | +$18.9M |
|
882
Nokia
NOK
$55.6B
| $20.6M | 0.03% |
4,424,030
+1,806,219
| +69% | +$9.31M |
|
883
Owens Corning
OC
$11.6B
| $20.5M | 0.03% |
223,446
-865,093
| -79% | -$72.9M |
|
884
TransUnion
TRU
$16.3B
| $20.5M | 0.03% |
+373,220
| New | +$19.9M |
|
885
Energizer
ENR
$1.47B
| $20.5M | 0.03% |
+427,457
| New | +$19.6M |
|
886
Teledyne Technologies
TDY
$29B
| $20.5M | 0.03% |
112,903
-56,458
| -33% | -$9.92M |
|
887
St. Joe Company
JOE
$3.99B
| $20.4M | 0.03% |
1,132,241
+415,441
| +58% | +$7.69M |
|
|
ARCH
888
DELISTED
Arch Resources, Inc.
ARCH
| $20.4M | 0.03% |
219,272
-120,680
| -35% | -$9.62M |
|
|
S
889
DELISTED
Sprint Corporation
S
| $20.4M | 0.03% |
3,458,671
-1,334,574
| -28% | -$8.47M |
|
|
CS
890
DELISTED
Credit Suisse Group
CS
| $20.3M | 0.03% |
1,137,457
+994,133
| +694% | +$16.4M |
|
891
MillerKnoll
MLKN
$1.58B
| $20.3M | 0.03% |
506,581
+248,806
| +97% | +$8.73M |
|
892
HEICO Corp Class A
HEI.A
$36.2B
| $20.2M | 0.03% |
500,027
-19,825
| -4% | -$776K |
|
893
Artisan Partners
APAM
$3.05B
| $20.2M | 0.03% |
512,300
-188,764
| -27% | -$7M |
|
894
Korn Ferry
KFY
$4.35B
| $20.2M | 0.03% |
488,939
-41,768
| -8% | -$1.73M |
|
|
ILG
895
DELISTED
ILG, Inc Common Stock
ILG
| $20.2M | 0.03% |
709,017
-597,815
| -46% | -$17.2M |
|
896
Federal Realty Investment Trust
FRT
$10.2B
| $20.1M | 0.03% |
151,677
+127,214
| +520% | +$16.4M |
|
|
SIX
897
DELISTED
Six Flags Entertainment Corp.
SIX
| $20.1M | 0.03% |
+302,485
| New | +$19.4M |
|
898
Keurig Dr Pepper
KDP
$44.2B
| $20.1M | 0.03% |
207,146
+45,439
| +28% | +$4.08M |
|
|
GGP
899
DELISTED
GGP Inc.
GGP
| $20.1M | 0.03% |
857,768
+53,626
| +7% | +$1.19M |
|
900
East-West Bancorp
EWBC
$17.7B
| $20M | 0.03% |
329,242
+216,148
| +191% | +$12.9M |
|
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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.