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 | |
|---|---|---|---|---|---|---|
1001
Canadian Solar
CSIQ
$972M
| $10.9M | 0.02% |
+687,410
| New | +$9.2M |
|
|
MNR
1002
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $10.9M | 0.02% |
725,626
+332,377
| +85% | +$4.91M |
|
1003
Macy's
M
$6.1B
| $10.9M | 0.02% |
469,407
-1,031,893
| -69% | -$26.4M |
|
1004
Invesco
IVZ
$14.3B
| $10.9M | 0.02% |
309,951
+186,862
| +152% | +$6.09M |
|
1005
Park Hotels & Resorts
PK
$3.19B
| $10.9M | 0.02% |
403,253
+229,572
| +132% | +$6.07M |
|
|
UMH
1006
UMH Properties
UMH
$1.42B
| $10.9M | 0.02% |
637,468
+134,489
| +27% | +$2.22M |
|
|
NVO
1007
Novo Nordisk
NVO
$207B
| $10.8M | 0.02% |
505,860
-3,385,460
| -87% | -$68.3M |
|
1008
UBS Group
UBS
$164B
| $10.8M | 0.02% |
637,939
-78,886
| -11% | -$1.28M |
|
|
SFLY
1009
DELISTED
Shutterfly, Inc.
SFLY
| $10.8M | 0.02% |
+227,945
| New | +$11.3M |
|
1010
Cirrus Logic
CRUS
$5.6B
| $10.8M | 0.02% |
172,590
+82,669
| +92% | +$5.35M |
|
1011
AGCO
AGCO
$7.71B
| $10.8M | 0.02% |
160,579
-232,851
| -59% | -$14.9M |
|
1012
Andersons Inc
ANDE
$2.23B
| $10.8M | 0.02% |
316,739
+118,242
| +60% | +$4.22M |
|
1013
Rockwell Automation
ROK
$47.7B
| $10.8M | 0.02% |
66,666
-593,957
| -90% | -$93.7M |
|
1014
Wells Fargo
WFC
$256B
| $10.8M | 0.02% |
+194,756
| New | +$10.4M |
|
1015
CVR Energy
CVI
$3.82B
| $10.8M | 0.02% |
495,859
+372,770
| +303% | +$7.65M |
|
|
GAP
1016
The Gap Inc
GAP
$7.33B
| $10.8M | 0.02% |
490,449
-413,252
| -46% | -$9.83M |
|
1017
Interactive Brokers
IBKR
$42.2B
| $10.8M | 0.02% |
+1,151,300
| New | +$10.2M |
|
1018
CALL
Philips
PHG
$26.9B
| $10.7M | 0.02% |
+395,226
| New | +$10.4M |
|
|
STBZ
1019
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $10.7M | 0.02% |
396,096
+144,289
| +57% | +$3.79M |
|
1020
Cenovus Energy
CVE
$59.3B
| $10.7M | 0.02% |
1,455,994
+372,132
| +34% | +$3.45M |
|
1021
Honda
HMC
$42.3B
| $10.7M | 0.02% |
391,214
+105,518
| +37% | +$2.98M |
|
1022
Universal Health Services
UHS
$10.4B
| $10.7M | 0.02% |
87,694
-259,347
| -75% | -$30.9M |
|
|
CSGS
1023
DELISTED
CSG Systems International
CSGS
| $10.7M | 0.02% |
263,268
+83,077
| +46% | +$3.26M |
|
|
RAVN
1024
DELISTED
Raven Industries Inc
RAVN
| $10.7M | 0.02% |
320,674
+49,300
| +18% | +$1.59M |
|
1025
Outfront Media
OUT
$5.36B
| $10.7M | 0.02% |
469,146
+120,620
| +35% | +$2.86M |
|
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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.