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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GGP
76
DELISTED
GGP Inc.
GGP
| $125M | 0.23% |
5,389,380
+2,804,589
| +109% | +$68.6M |
|
77
Netflix
NFLX
$331B
| $124M | 0.23% |
8,420,670
+5,364,000
| +175% | +$75.3M |
|
78
Comcast
CMCSA
$95.3B
| $124M | 0.23% |
3,303,587
-1,701,823
| -34% | -$63.2M |
|
79
Equinix
EQIX
$105B
| $123M | 0.23% |
307,176
+170,504
| +125% | +$64.8M |
|
80
3M
MMM
$92.3B
| $123M | 0.22% |
+766,728
| New | +$118M |
|
81
NetEase
NTES
$82.1B
| $122M | 0.22% |
2,141,170
+1,442,220
| +206% | +$77.7M |
|
|
DFS
82
DELISTED
Discover Financial Services
DFS
| $121M | 0.22% |
1,769,461
+1,675,874
| +1,791% | +$118M |
|
83
Public Service Enterprise Group
PEG
$36.2B
| $120M | 0.22% |
2,712,667
+212,936
| +9% | +$9.4M |
|
84
Zions Bancorporation
ZION
$9.95B
| $120M | 0.22% |
2,846,705
+847,313
| +42% | +$36.8M |
|
|
SNV
85
DELISTED
Synovus
SNV
| $118M | 0.22% |
2,884,519
-307,022
| -10% | -$12.8M |
|
86
Thermo Fisher Scientific
TMO
$233B
| $117M | 0.22% |
764,489
+396,565
| +108% | +$60.6M |
|
|
IBKC
87
DELISTED
IBERIABANK Corp
IBKC
| $117M | 0.21% |
1,478,905
+965,943
| +188% | +$79.2M |
|
88
Bankunited
BKU
$3.3B
| $117M | 0.21% |
3,131,439
+108,252
| +4% | +$4.12M |
|
89
S&P Global
SPGI
$127B
| $116M | 0.21% |
890,498
-235,492
| -21% | -$29.3M |
|
90
Chevron
CVX
$403B
| $116M | 0.21% |
1,076,175
+961,797
| +841% | +$108M |
|
91
DaVita
DVA
$11.1B
| $115M | 0.21% |
1,697,119
+239,525
| +16% | +$15.9M |
|
92
Williams Companies
WMB
$86.2B
| $115M | 0.21% |
3,894,858
-2,646,050
| -40% | -$76.5M |
|
|
WLL
93
DELISTED
Whiting Petroleum Corporation
WLL
| $114M | 0.21% |
40,272
-1,470
| -4% | -$4.76M |
|
94
Kinder Morgan
KMI
$69B
| $114M | 0.21% |
5,226,151
-537,472
| -9% | -$11.7M |
|
95
CALL
Walt Disney
DIS
$186B
| $113M | 0.21% |
+1,000,000
| New | +$110M |
|
|
TFCFA
96
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $113M | 0.21% |
3,474,922
+3,319,655
| +2,138% | +$101M |
|
97
Hancock Whitney
HWC
$6.05B
| $113M | 0.21% |
2,469,898
+1,851,831
| +300% | +$84.6M |
|
98
Citigroup
C
$221B
| $112M | 0.21% |
1,874,167
+1,805,863
| +2,644% | +$107M |
|
99
Vertex Pharmaceuticals
VRTX
$139B
| $110M | 0.2% |
1,007,060
+461,460
| +85% | +$40.6M |
|
|
EGN
100
DELISTED
Energen
EGN
| $110M | 0.2% |
2,017,964
-1,850,160
| -48% | -$100M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.