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 |
AABA
Altaba Inc
AABA
|
+$862M |
| 2 |
EA
Electronic Arts
EA
|
+$196M |
| 3 |
Bank of America
BAC
|
+$187M |
| 4 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$183M |
| 5 |
Regions Financial
RF
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$290M |
| 2 |
Huntsman Corp
HUN
|
+$181M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$164M |
| 4 |
Targa Resources
TRGP
|
+$154M |
| 5 |
Fortive
FTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Financials | 12.22% |
| 3 | Technology | 12.2% |
| 4 | Industrials | 9.84% |
| 5 | Consumer Discretionary | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Procter & Gamble
PG
$341B
| $12.5M | 0.02% |
143,091
-736,172
| -84% | -$64.9M |
|
927
Commault Systems
CVLT
$5.43B
| $12.5M | 0.02% |
220,698
+115,877
| +111% | +$6.34M |
|
|
SLCA
928
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $12.4M | 0.02% |
+350,000
| New | +$13.8M |
|
929
Compañía de Minas Buenaventura
BVN
$8.94B
| $12.4M | 0.02% |
1,079,467
+895,963
| +488% | +$10.8M |
|
930
Assurant
AIZ
$14.2B
| $12.4M | 0.02% |
119,639
+105,810
| +765% | +$10.5M |
|
931
Southern Company
SO
$104B
| $12.4M | 0.02% |
+258,980
| New | +$13M |
|
932
Cemex
CX
$15.9B
| $12.4M | 0.02% |
1,315,599
-583,661
| -31% | -$5.14M |
|
933
Vishay Intertechnology
VSH
$4.67B
| $12.4M | 0.02% |
746,221
+59,152
| +9% | +$972K |
|
934
Eagle Materials
EXP
$6.27B
| $12.4M | 0.02% |
133,910
-368,159
| -73% | -$35.4M |
|
935
Rio Tinto
RIO
$170B
| $12.4M | 0.02% |
292,391
-239,087
| -45% | -$9.59M |
|
|
MCRN
936
DELISTED
Milacron Holdings Corp.
MCRN
| $12.4M | 0.02% |
702,189
+389,002
| +124% | +$6.97M |
|
|
PBCT
937
DELISTED
People's United Financial Inc
PBCT
| $12.3M | 0.02% |
696,609
+330,845
| +90% | +$5.75M |
|
938
Ciena
CIEN
$52.7B
| $12.3M | 0.02% |
+491,227
| New | +$11.8M |
|
939
CALL
Regeneron Pharmaceuticals
REGN
$85.3B
| $12.3M | 0.02% |
25,000
| – | – |
|
940
Radian Group
RDN
$4.86B
| $12.3M | 0.02% |
750,421
-117,452
| -14% | -$2.01M |
|
|
FRC
941
DELISTED
First Republic Bank
FRC
| $12.3M | 0.02% |
122,548
-634,109
| -84% | -$59.9M |
|
942
Paychex
PAYX
$44.8B
| $12.3M | 0.02% |
215,402
+171,577
| +392% | +$10.1M |
|
943
Fidelity National Information Services
FIS
$21.4B
| $12.3M | 0.02% |
143,481
-427,705
| -75% | -$35.8M |
|
944
RLJ Lodging Trust
RLJ
$1.76B
| $12.2M | 0.02% |
614,850
-59,455
| -9% | -$1.27M |
|
|
WW
945
DELISTED
WW International
WW
| $12.2M | 0.02% |
365,461
-1,073,655
| -75% | -$25.9M |
|
|
GNCMA
946
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $12.2M | 0.02% |
+333,359
| New | +$12.1M |
|
|
TPIC
947
DELISTED
TPI Composites
TPIC
| $12.2M | 0.02% |
660,815
+381,444
| +137% | +$6.87M |
|
|
CRZO
948
PUT
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $12.2M | 0.02% |
+700,000
| New | +$16.3M |
|
949
Huntington Bancshares
HBAN
$34.4B
| $12.2M | 0.02% |
901,804
+655,003
| +265% | +$8.48M |
|
|
950
CALL
Bank of America
BAC
$436B
| $12.1M | 0.02% |
500,000
-550,000
| -52% | -$12.8M |
|
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Israel Englander's Q2 2017 Portfolio in Review
As of Q2 2017, Israel Englander held 4,244 positions worth $56.1B, up 2.7% from $54.6B the previous quarter. Its ten largest holdings account for 6.5% of the portfolio.
Israel Englander's Q2 2017 filing shows 803 new, 1,286 increased, 1,278 reduced and 840 closed positions. Its largest new stake was Altaba Inc: 15,840,905 shares worth $863M. The largest sale was American Electric Power, an estimated $290M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Technology.
- Israel Englander's largest Q2 2017 buy was Altaba Inc: 15,840,905 shares worth $863M.
- Israel Englander added most to Electronic Arts in Q2 2017, an estimated $196M increase.
- Israel Englander's biggest Q2 2017 reduction was American Electric Power, cutting an estimated $290M.
- Israel Englander fully exited GGP Inc. in Q2 2017, selling an estimated $125M.
- Israel Englander's ten largest holdings make up 6.5% of its $56.1B portfolio in Q2 2017.
- Israel Englander opened 803 new positions and closed 840 in Q2 2017.
- Israel Englander's portfolio value rose 2.7% quarter-over-quarter to $56.1B.
Based on Millennium Management's 13F filing for Q2 2017, filed 14 Aug 2017.