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 | |
|---|---|---|---|---|---|---|
901
CALL
Comcast
CMCSA
$95.9B
| $20M | 0.03% |
500,000
-500,000
| -50% | -$18.8M |
|
902
Mueller Water Products
MWA
$3.93B
| $20M | 0.03% |
1,597,688
-120,679
| -7% | -$1.49M |
|
|
IPG
903
DELISTED
Interpublic Group of Companies
IPG
| $20M | 0.03% |
992,191
+948,433
| +2,167% | +$18.9M |
|
904
White Mountains Insurance
WTM
$5.09B
| $20M | 0.03% |
23,481
+10,675
| +83% | +$9.33M |
|
905
Hasbro
HAS
$13.5B
| $20M | 0.03% |
+219,505
| New | +$20.6M |
|
906
ServiceNow
NOW
$132B
| $19.9M | 0.03% |
763,715
-2,127,405
| -74% | -$52.9M |
|
907
Central Pacific Financial
CPF
$972M
| $19.9M | 0.03% |
667,254
+55,967
| +9% | +$1.75M |
|
908
National Grid
NGG
$80.9B
| $19.9M | 0.03% |
382,471
+265,473
| +227% | +$14.2M |
|
909
Tyler Technologies
TYL
$14.6B
| $19.9M | 0.03% |
112,316
+68,721
| +158% | +$12.2M |
|
910
Jefferies Financial Group
JEF
$12B
| $19.9M | 0.03% |
838,567
+234,118
| +39% | +$5.4M |
|
|
WUBA
911
DELISTED
58.com Inc
WUBA
| $19.8M | 0.03% |
277,168
-198,388
| -42% | -$13.7M |
|
912
Fidelity National Financial
FNF
$12.7B
| $19.8M | 0.03% |
525,516
-233,566
| -31% | -$8.52M |
|
913
Republic Services
RSG
$68.3B
| $19.8M | 0.03% |
292,882
+104,905
| +56% | +$6.76M |
|
|
CTB
914
DELISTED
Cooper Tire & Rubber Co.
CTB
| $19.8M | 0.03% |
559,865
-1,048,359
| -65% | -$37M |
|
|
ECHO
915
EchoStar
ECHO
$24.8B
| $19.7M | 0.03% |
406,296
+313,695
| +339% | +$14.6M |
|
916
Winnebago Industries
WGO
$909M
| $19.6M | 0.03% |
352,901
+111,143
| +46% | +$5.58M |
|
917
Abercrombie & Fitch
ANF
$4.99B
| $19.6M | 0.03% |
1,124,567
+1,019,343
| +969% | +$15.5M |
|
918
VanEck Gold Miners ETF
GDX
$32.2B
| $19.4M | 0.03% |
836,660
+655,875
| +363% | +$14.9M |
|
|
SEM
919
DELISTED
Select Medical
SEM
| $19.4M | 0.03% |
2,042,847
-118,805
| -5% | -$1.14M |
|
|
KLXI
920
DELISTED
KLX Inc.
KLXI
| $19.4M | 0.03% |
336,446
-451,417
| -57% | -$21.7M |
|
921
Watts Water Technologies
WTS
$12.4B
| $19.3M | 0.03% |
254,138
-206,216
| -45% | -$14.7M |
|
922
HUB Group
HUBG
$2.46B
| $19.3M | 0.03% |
805,574
-1,187,298
| -60% | -$26.1M |
|
923
Global Payments
GPN
$25B
| $19.3M | 0.03% |
192,363
-309,818
| -62% | -$31M |
|
924
Canadian Solar
CSIQ
$972M
| $19.2M | 0.03% |
1,141,385
+1,117,313
| +4,642% | +$19.2M |
|
925
BlackBerry
BB
$4.48B
| $19.2M | 0.03% |
1,715,970
-581,552
| -25% | -$6.35M |
|
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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.