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 | |
|---|---|---|---|---|---|---|
926
Oceaneering
OII
$5.02B
| $16M | 0.02% |
607,593
+328,842
| +118% | +$7.96M |
|
927
GoDaddy
GDDY
$12.7B
| $16M | 0.02% |
+366,631
| New | +$15.8M |
|
928
Eli Lilly
LLY
$1.11T
| $15.9M | 0.02% |
+186,406
| New | +$15.3M |
|
929
CDW
CDW
$16.6B
| $15.9M | 0.02% |
+241,441
| New | +$15.1M |
|
930
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $15.9M | 0.02% |
224,350
-77,727
| -26% | -$5.35M |
|
|
BGG
931
DELISTED
Briggs & Stratton Corp.
BGG
| $15.9M | 0.02% |
677,272
+144,536
| +27% | +$3.28M |
|
932
Cirrus Logic
CRUS
$5.6B
| $15.9M | 0.02% |
298,186
+125,596
| +73% | +$7.35M |
|
933
Mastercard
MA
$525B
| $15.9M | 0.02% |
112,472
+43,502
| +63% | +$5.76M |
|
934
TransDigm Group
TDG
$66.3B
| $15.8M | 0.02% |
61,985
+52,726
| +569% | +$14.3M |
|
935
First Merchants
FRME
$2.63B
| $15.8M | 0.02% |
367,803
+209,784
| +133% | +$8.35M |
|
936
CALL
Intuitive Surgical
ISRG
$132B
| $15.7M | 0.02% |
135,000
+45,000
| +50% | +$4.9M |
|
|
ELME
937
Elme Communities
ELME
$149M
| $15.7M | 0.02% |
478,831
+82,793
| +21% | +$2.7M |
|
938
Nokia
NOK
$55.6B
| $15.7M | 0.02% |
2,617,811
-3,648,513
| -58% | -$22.7M |
|
939
Goldman Sachs
GS
$302B
| $15.7M | 0.02% |
65,981
+43,370
| +192% | +$9.78M |
|
940
Warner Bros
WBD
$72B
| $15.6M | 0.02% |
+734,915
| New | +$17.3M |
|
941
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $15.6M | 0.02% |
62,227
+32,199
| +107% | +$7.94M |
|
|
TSRO
942
DELISTED
TESARO, Inc.
TSRO
| $15.6M | 0.02% |
120,997
-202,271
| -63% | -$25.1M |
|
|
JWN
943
CALL
DELISTED
Nordstrom
JWN
| $15.6M | 0.02% |
330,000
+100,000
| +43% | +$4.64M |
|
944
Moelis & Co
MC
$5.07B
| $15.5M | 0.02% |
360,608
+197,023
| +120% | +$7.88M |
|
945
ASE Group
ASX
$94.4B
| $15.5M | 0.02% |
2,511,536
+1,555,319
| +163% | +$9.75M |
|
946
Alphabet (Google) Class C
GOOG
$4.21T
| $15.5M | 0.02% |
323,380
-775,900
| -71% | -$36.1M |
|
947
Akebia Therapeutics
AKBA
$250M
| $15.4M | 0.02% |
783,800
+196,886
| +34% | +$3.03M |
|
948
CALL
ResMed
RMD
$33.5B
| $15.4M | 0.02% |
200,000
+20,000
| +11% | +$1.53M |
|
949
Avery Dennison
AVY
$13.9B
| $15.4M | 0.02% |
156,490
+107,748
| +221% | +$10.1M |
|
950
PUT
Valero Energy
VLO
$99.6B
| $15.4M | 0.02% |
200,000
+150,000
| +300% | +$10.3M |
|
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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.