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 | |
|---|---|---|---|---|---|---|
|
TWO
76
Two Harbors Investment
TWO
$1.27B
| $141M | 0.21% |
1,745,081
+395,576
| +29% | +$31.6M |
|
77
Williams Companies
WMB
$86.2B
| $139M | 0.21% |
4,647,825
-1,083,496
| -19% | -$33M |
|
|
MRO
78
DELISTED
Marathon Oil Corporation
MRO
| $138M | 0.21% |
10,211,298
+8,603,146
| +535% | +$102M |
|
79
Prudential Financial
PRU
$41.8B
| $138M | 0.21% |
1,300,136
+1,017,559
| +360% | +$109M |
|
80
Texas Instruments
TXN
$241B
| $137M | 0.21% |
1,525,957
+988,399
| +184% | +$81.3M |
|
81
Deere & Co
DE
$175B
| $136M | 0.21% |
1,081,941
+451,039
| +71% | +$55.6M |
|
82
Halliburton
HAL
$29.4B
| $135M | 0.21% |
2,939,613
+1,545,655
| +111% | +$64.7M |
|
83
Agilent Technologies
A
$44.9B
| $135M | 0.21% |
2,099,974
-287,634
| -12% | -$17.9M |
|
84
Cigna
CI
$73.3B
| $135M | 0.21% |
719,731
-36,212
| -5% | -$6.45M |
|
85
Fidelity National Information Services
FIS
$21.3B
| $133M | 0.2% |
1,425,715
+1,282,234
| +894% | +$117M |
|
|
WRK
86
DELISTED
WestRock Company
WRK
| $133M | 0.2% |
2,338,510
+1,537,841
| +192% | +$87.8M |
|
87
TechnipFMC
FTI
$30.4B
| $132M | 0.2% |
6,340,303
+4,361,840
| +220% | +$87.5M |
|
88
Bristol-Myers Squibb
BMY
$137B
| $130M | 0.2% |
2,042,859
+1,574,086
| +336% | +$91.9M |
|
|
EA
89
DELISTED
Electronic Arts
EA
| $129M | 0.2% |
1,089,742
-825,475
| -43% | -$95.6M |
|
90
Stanley Black & Decker
SWK
$15.1B
| $128M | 0.19% |
847,305
+807,451
| +2,026% | +$116M |
|
91
Microsoft
MSFT
$3.59T
| $127M | 0.19% |
1,708,996
-286,888
| -14% | -$21M |
|
92
Dover
DOV
$27.2B
| $127M | 0.19% |
1,718,244
+1,219,898
| +245% | +$84.8M |
|
|
TWX
93
DELISTED
Time Warner Inc
TWX
| $127M | 0.19% |
1,236,407
+324,659
| +36% | +$32.9M |
|
94
Post Holdings
POST
$3.65B
| $125M | 0.19% |
2,160,118
+15,006
| +0.7% | +$822K |
|
|
VTLE
95
DELISTED
Vital Energy
VTLE
| $124M | 0.19% |
481,262
+219,394
| +84% | +$53.1M |
|
96
Sherwin-Williams
SHW
$84.1B
| $123M | 0.19% |
1,033,302
+442,740
| +75% | +$50.8M |
|
97
Parker-Hannifin
PH
$126B
| $122M | 0.19% |
699,624
+198,884
| +40% | +$32.7M |
|
98
Altria Group
MO
$110B
| $122M | 0.19% |
1,918,048
+837,781
| +78% | +$55.8M |
|
|
DFS
99
DELISTED
Discover Financial Services
DFS
| $122M | 0.19% |
1,885,057
+703,747
| +60% | +$42.7M |
|
100
Kroger
KR
$35.5B
| $121M | 0.19% |
6,053,091
+5,228,606
| +634% | +$118M |
|
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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.