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 | |
|---|---|---|---|---|---|---|
76
Western Alliance Bancorporation
WAL
$8.69B
| $128M | 0.23% |
2,603,011
-235,728
| -8% | -$11.2M |
|
77
Puma Biotechnology
PBYI
$477M
| $127M | 0.23% |
1,455,361
+650,356
| +81% | +$36.4M |
|
78
Vulcan Materials
VMC
$35.8B
| $127M | 0.23% |
999,849
-408,338
| -29% | -$51.3M |
|
79
Elevance Health
ELV
$86.9B
| $127M | 0.23% |
672,940
+457,015
| +212% | +$82.1M |
|
80
Cigna
CI
$73.3B
| $127M | 0.23% |
755,943
-98,904
| -12% | -$15.9M |
|
81
Marathon Petroleum
MPC
$101B
| $125M | 0.22% |
2,396,771
+1,216,861
| +103% | +$62.9M |
|
82
Canadian Pacific Kansas City
CP
$85B
| $125M | 0.22% |
3,874,495
+1,336,625
| +53% | +$41.4M |
|
83
Waters Corp
WAT
$40.4B
| $125M | 0.22% |
677,519
+453,011
| +202% | +$78.7M |
|
84
Charles River Laboratories
CRL
$14.1B
| $124M | 0.22% |
1,228,039
+208,111
| +20% | +$19.2M |
|
85
GSK
GSK
$105B
| $123M | 0.22% |
2,275,773
+1,855,666
| +442% | +$98.9M |
|
|
IBKC
86
DELISTED
IBERIABANK Corp
IBKC
| $121M | 0.22% |
1,488,980
+10,075
| +0.7% | +$800K |
|
|
SWN
87
DELISTED
Southwestern Energy Company
SWN
| $121M | 0.22% |
19,851,687
-384,278
| -2% | -$2.65M |
|
88
Kimberly-Clark
KMB
$36.4B
| $121M | 0.22% |
934,137
+198,852
| +27% | +$25.9M |
|
|
PF
89
DELISTED
Pinnacle Foods, Inc.
PF
| $120M | 0.21% |
2,020,598
-280,339
| -12% | -$16.8M |
|
90
Alphabet (Google) Class A
GOOGL
$4.22T
| $120M | 0.21% |
2,573,480
+2,052,200
| +394% | +$96M |
|
91
PUT
Intel
INTC
$476B
| $118M | 0.21% |
3,500,000
+2,500,000
| +250% | +$89.5M |
|
92
Thermo Fisher Scientific
TMO
$233B
| $115M | 0.21% |
659,639
-104,850
| -14% | -$17.6M |
|
93
Dollar Tree
DLTR
$25.3B
| $113M | 0.2% |
1,620,956
+1,173,945
| +263% | +$90.6M |
|
94
Expedia Group
EXPE
$38.6B
| $112M | 0.2% |
752,517
-96,389
| -11% | -$13.5M |
|
95
Zoetis
ZTS
$32.1B
| $112M | 0.2% |
1,795,686
+1,177,595
| +191% | +$69.5M |
|
96
Chemours
CC
$2.4B
| $112M | 0.2% |
2,941,150
+1,341,578
| +84% | +$52.9M |
|
97
Caterpillar
CAT
$381B
| $111M | 0.2% |
1,035,694
+927,196
| +855% | +$94.2M |
|
98
American International
AIG
$39.8B
| $111M | 0.2% |
1,774,852
+1,387,558
| +358% | +$86.2M |
|
99
Range Resources
RRC
$9.59B
| $110M | 0.2% |
4,748,866
-2,935,215
| -38% | -$74M |
|
|
100
PUT
Bank of America
BAC
$431B
| $109M | 0.19% |
+4,500,000
| New | +$105M |
|
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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.