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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$593M |
| 2 |
Abbott
ABT
|
+$259M |
| 3 |
AutoZone
AZO
|
+$204M |
| 4 |
AABA
Altaba Inc
AABA
|
+$186M |
| 5 |
D.R. Horton
DHI
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$215M |
| 2 |
Public Service Enterprise Group
PEG
|
+$211M |
| 3 |
Applied Materials
AMAT
|
+$203M |
| 4 |
Intuitive Surgical
ISRG
|
+$194M |
| 5 |
ConocoPhillips
COP
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.49% |
| 2 | Technology | 12.13% |
| 3 | Healthcare | 11.89% |
| 4 | Consumer Discretionary | 11.58% |
| 5 | Industrials | 10.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Comcast
CMCSA
$95.3B
| $142M | 0.2% |
3,534,720
+2,246,935
| +174% | +$84.5M |
|
77
Johnson & Johnson
JNJ
$651B
| $141M | 0.19% |
1,009,912
+575,038
| +132% | +$80.1M |
|
78
Crown Castle
CCI
$32.1B
| $141M | 0.19% |
1,266,288
+991,054
| +360% | +$107M |
|
79
Lennar Class A
LEN
$21B
| $140M | 0.19% |
2,290,957
-1,877,997
| -45% | -$107M |
|
80
Western Digital
WDC
$166B
| $140M | 0.19% |
2,330,389
+1,130,969
| +94% | +$72.8M |
|
|
LLL
81
DELISTED
L3 Technologies, Inc.
LLL
| $139M | 0.19% |
703,966
+240,875
| +52% | +$45.9M |
|
82
American Electric Power
AEP
$65.8B
| $139M | 0.19% |
1,892,576
-1,234,882
| -39% | -$92.3M |
|
|
PACW
83
DELISTED
PacWest Bancorp
PACW
| $138M | 0.19% |
2,747,060
+1,097,347
| +67% | +$52.3M |
|
84
Cencora
COR
$60.7B
| $138M | 0.19% |
1,507,690
+1,222,806
| +429% | +$101M |
|
85
Hancock Whitney
HWC
$6.05B
| $138M | 0.19% |
2,793,185
+507,259
| +22% | +$25.1M |
|
86
Voya Financial
VOYA
$8.86B
| $137M | 0.19% |
2,761,180
+248,160
| +10% | +$10.7M |
|
|
AMTD
87
DELISTED
TD Ameritrade Holding Corp
AMTD
| $136M | 0.19% |
2,669,568
+2,108,319
| +376% | +$105M |
|
88
Goldman Sachs
GS
$303B
| $135M | 0.19% |
528,178
+462,197
| +701% | +$113M |
|
89
OGE Energy
OGE
$9.42B
| $134M | 0.18% |
4,070,942
+1,952,995
| +92% | +$69M |
|
90
DXC Technology
DXC
$1.73B
| $134M | 0.18% |
1,631,724
+706,739
| +76% | +$57.1M |
|
91
British American Tobacco
BTI
$121B
| $134M | 0.18% |
1,995,259
-341,696
| -15% | -$22.3M |
|
92
The Mosaic Company
MOS
$7.76B
| $133M | 0.18% |
5,167,425
+5,119,932
| +10,780% | +$118M |
|
|
MON
93
DELISTED
Monsanto Co
MON
| $132M | 0.18% |
1,127,253
+462,798
| +70% | +$55.1M |
|
94
Newmont
NEM
$139B
| $131M | 0.18% |
3,497,291
+700,796
| +25% | +$25.8M |
|
95
CubeSmart
CUBE
$9.21B
| $131M | 0.18% |
4,535,494
+1,958,563
| +76% | +$54.7M |
|
96
HP
HPQ
$27.2B
| $131M | 0.18% |
6,241,058
+2,857,797
| +84% | +$60.8M |
|
97
Vulcan Materials
VMC
$35.8B
| $130M | 0.18% |
1,013,853
+729,757
| +257% | +$89.2M |
|
98
Carnival Corporation Ltd
CCL
$35.2B
| $130M | 0.18% |
1,955,034
+1,192,497
| +156% | +$79M |
|
99
Perrigo
PRGO
$1.98B
| $129M | 0.18% |
1,478,782
+281,267
| +23% | +$24.2M |
|
100
Pfizer
PFE
$160B
| $128M | 0.18% |
3,722,376
+1,132,388
| +44% | +$38.6M |
|
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Israel Englander's Q4 2017 Portfolio in Review
As of Q4 2017, Israel Englander held 4,357 positions worth $72.5B, up 10% from $65.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Israel Englander deployed $3.05B of net new capital in Q4 2017, opening 897 new positions and adding to 1,473 existing holdings. Its largest new stake was Viatris: 2,905,317 shares worth $123M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Honeywell, an estimated $215M trimmed.
- Israel Englander's largest Q4 2017 buy was Viatris: 2,905,317 shares worth $123M.
- Israel Englander added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $593M increase.
- Israel Englander's biggest Q4 2017 reduction was Honeywell, cutting an estimated $215M.
- Israel Englander fully exited Paychex in Q4 2017, selling an estimated $66.4M.
- Israel Englander's ten largest holdings make up 6.7% of its $72.5B portfolio in Q4 2017.
- Israel Englander opened 897 new positions and closed 601 in Q4 2017.
- Israel Englander's portfolio value rose 10% quarter-over-quarter to $72.5B.
Based on Millennium Management's 13F filing for Q4 2017, filed 14 Feb 2018.