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 | |
|---|---|---|---|---|---|---|
951
MidCap Financial Investment
MFIC
$801M
| $12.1M | 0.02% |
632,257
+246,740
| +64% | +$4.8M |
|
952
CALL
Baxter International
BAX
$13.7B
| $12.1M | 0.02% |
200,000
| – | – |
|
|
QCP
953
DELISTED
Quality Care Properties, Inc.
QCP
| $12M | 0.02% |
655,868
-743,530
| -53% | -$13.4M |
|
954
Restaurant Brands International
QSR
$28.4B
| $12M | 0.02% |
192,007
-487,344
| -72% | -$28.7M |
|
955
Western Union
WU
$2.28B
| $12M | 0.02% |
628,945
+569,779
| +963% | +$11M |
|
956
Central Pacific Financial
CPF
$972M
| $12M | 0.02% |
379,944
+146,825
| +63% | +$4.55M |
|
|
RAD
957
DELISTED
Rite Aid Corporation
RAD
| $11.9M | 0.02% |
202,432
+46,083
| +29% | +$3.48M |
|
|
PF
958
CALL
DELISTED
Pinnacle Foods, Inc.
PF
| $11.9M | 0.02% |
200,000
+50,000
| +33% | +$2.99M |
|
959
NorthWestern Energy
NWE
$4.29B
| $11.9M | 0.02% |
194,235
+131,060
| +207% | +$8M |
|
|
CQH
960
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $11.8M | 0.02% |
438,760
-76,270
| -15% | -$1.96M |
|
|
VR
961
DELISTED
Validus Hold Ltd
VR
| $11.7M | 0.02% |
225,190
+150,383
| +201% | +$8.1M |
|
|
VRNT
962
DELISTED
Verint Systems
VRNT
| $11.7M | 0.02% |
+563,785
| New | +$11.7M |
|
|
DERM
963
DELISTED
Dermira, Inc.
DERM
| $11.7M | 0.02% |
400,959
+366,606
| +1,067% | +$11.1M |
|
964
Darling Ingredients
DAR
$9.83B
| $11.6M | 0.02% |
740,073
-46,111
| -6% | -$712K |
|
|
FBR
965
DELISTED
Fibria Celulose Sa
FBR
| $11.6M | 0.02% |
1,144,293
-328,479
| -22% | -$3.29M |
|
966
Cincinnati Financial
CINF
$26.3B
| $11.6M | 0.02% |
+160,420
| New | +$11.4M |
|
|
HMSY
967
DELISTED
HMS Holdings Corp.
HMSY
| $11.6M | 0.02% |
625,704
-5,911
| -0.9% | -$114K |
|
|
ARNA
968
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $11.6M | 0.02% |
685,525
+508,713
| +288% | +$6.98M |
|
969
NCR Voyix
VYX
$1.1B
| $11.5M | 0.02% |
460,716
-433,280
| -48% | -$11M |
|
|
LTC
970
LTC Properties
LTC
$2.18B
| $11.5M | 0.02% |
224,580
+78,336
| +54% | +$3.83M |
|
|
CTB
971
DELISTED
Cooper Tire & Rubber Co.
CTB
| $11.5M | 0.02% |
319,245
+236,736
| +287% | +$9.14M |
|
972
Graphic Packaging
GPK
$3.39B
| $11.5M | 0.02% |
835,986
-4,159,379
| -83% | -$55.8M |
|
973
Watts Water Technologies
WTS
$12.4B
| $11.5M | 0.02% |
182,187
+114,924
| +171% | +$7.17M |
|
|
FOE
974
DELISTED
Ferro Corporation
FOE
| $11.5M | 0.02% |
629,373
+346,244
| +122% | +$5.93M |
|
975
First American
FAF
$7.38B
| $11.5M | 0.02% |
257,194
-182,949
| -42% | -$7.74M |
|
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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.