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 | |
|---|---|---|---|---|---|---|
951
Align Technology
ALGN
$11.3B
| $15.4M | 0.02% |
82,586
-115,321
| -58% | -$19.7M |
|
952
Marvell Technology
MRVL
$206B
| $15.4M | 0.02% |
859,061
+399,503
| +87% | +$6.65M |
|
|
SAFM
953
PUT
DELISTED
Sanderson Farms Inc
SAFM
| $15.3M | 0.02% |
+95,000
| New | +$13.2M |
|
954
Starwood Property Trust
STWD
$6.03B
| $15.3M | 0.02% |
704,671
+478,048
| +211% | +$10.5M |
|
|
ACC
955
DELISTED
American Campus Communities, Inc.
ACC
| $15.3M | 0.02% |
346,166
-695,374
| -67% | -$32.9M |
|
|
BBT
956
Beacon Financial Corp
BBT
$2.65B
| $15.2M | 0.02% |
393,230
-185,967
| -32% | -$6.56M |
|
957
Semtech
SMTC
$11.3B
| $15.1M | 0.02% |
402,187
+280,867
| +232% | +$10.5M |
|
958
American International
AIG
$40.5B
| $15.1M | 0.02% |
245,718
-1,529,134
| -86% | -$95.3M |
|
959
CALL
Emerson Electric
EMR
$87.9B
| $15.1M | 0.02% |
+240,000
| New | +$14.5M |
|
|
MBFI
960
DELISTED
MB Financial Corp
MBFI
| $15M | 0.02% |
333,975
+194,182
| +139% | +$8.04M |
|
961
Ingersoll Rand
IR
$31B
| $15M | 0.02% |
544,287
-528,283
| -49% | -$12.4M |
|
|
SJI
962
DELISTED
South Jersey Industries, Inc.
SJI
| $15M | 0.02% |
433,504
+415,227
| +2,272% | +$14.4M |
|
963
Ashland
ASH
$3.38B
| $15M | 0.02% |
228,824
-359,054
| -61% | -$22.9M |
|
|
CCMP
964
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $14.9M | 0.02% |
186,930
+95,631
| +105% | +$7.04M |
|
965
CALL
AB InBev
BUD
$156B
| $14.9M | 0.02% |
125,000
+25,000
| +25% | +$2.93M |
|
966
RingCentral
RNG
$5.6B
| $14.9M | 0.02% |
+356,851
| New | +$13.7M |
|
967
Akamai
AKAM
$15.2B
| $14.9M | 0.02% |
305,561
+294,804
| +2,741% | +$14.1M |
|
|
AUO
968
DELISTED
AU Optronics Corp
AUO
| $14.8M | 0.02% |
3,667,691
+147,625
| +4% | +$596K |
|
969
Nexstar Media Group
NXST
$5.74B
| $14.8M | 0.02% |
237,527
-413,715
| -64% | -$25.5M |
|
|
TTM
970
DELISTED
Tata Motors Limited
TTM
| $14.8M | 0.02% |
472,404
-61,925
| -12% | -$1.99M |
|
971
Compañía de Minas Buenaventura
BVN
$8.94B
| $14.7M | 0.02% |
1,153,056
+73,589
| +7% | +$929K |
|
|
EGOV
972
DELISTED
NIC Inc
EGOV
| $14.7M | 0.02% |
859,696
+432,904
| +101% | +$7.32M |
|
973
CALL
Kraft Heinz
KHC
$30.4B
| $14.7M | 0.02% |
190,000
+130,000
| +217% | +$10.9M |
|
974
Pool Corp
POOL
$6.84B
| $14.7M | 0.02% |
136,194
+127,831
| +1,529% | +$13.8M |
|
|
CELG
975
CALL
DELISTED
Celgene Corp
CELG
| $14.6M | 0.02% |
100,000
| – | – |
|
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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.