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 | |
|---|---|---|---|---|---|---|
1001
Urban Outfitters
URBN
$6.51B
| $17.1M | 0.02% |
+487,304
| New | +$13.7M |
|
1002
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $17.1M | 0.02% |
215,572
+3,411
| +2% | +$271K |
|
|
STOR
1003
DELISTED
STORE Capital Corporation
STOR
| $17M | 0.02% |
+654,434
| New | +$16.7M |
|
|
GPT
1004
DELISTED
Gramercy Property Trust
GPT
| $17M | 0.02% |
637,755
-493,562
| -44% | -$14.3M |
|
1005
Globe Life
GL
$13.3B
| $17M | 0.02% |
187,094
+131,575
| +237% | +$11.3M |
|
|
YELL
1006
DELISTED
Yellow Corporation Common Stock
YELL
| $16.9M | 0.02% |
1,176,890
+172,823
| +17% | +$2.28M |
|
1007
PUT
Nike
NKE
$60.5B
| $16.9M | 0.02% |
+270,000
| New | +$15.5M |
|
|
LFC
1008
DELISTED
China Life Insurance Company Ltd.
LFC
| $16.9M | 0.02% |
1,080,728
-111,652
| -9% | -$1.81M |
|
|
CAVM
1009
DELISTED
Cavium, Inc.
CAVM
| $16.9M | 0.02% |
201,217
-164,795
| -45% | -$12.7M |
|
1010
PUT
Whirlpool
WHR
$2.62B
| $16.9M | 0.02% |
+100,000
| New | +$16.9M |
|
1011
Qiagen
QGEN
$8.63B
| $16.8M | 0.02% |
512,758
-243,851
| -32% | -$8.4M |
|
|
APTI
1012
DELISTED
Apptio, Inc. Class A Common Stock
APTI
| $16.8M | 0.02% |
713,691
+155,821
| +28% | +$3.31M |
|
1013
Azenta
AZTA
$1.44B
| $16.7M | 0.02% |
702,278
-414,434
| -37% | -$11.8M |
|
1014
Hilton Grand Vacations
HGV
$3.53B
| $16.7M | 0.02% |
398,528
+125,045
| +46% | +$5.09M |
|
1015
Crane NXT
CXT
$2.87B
| $16.7M | 0.02% |
539,070
-80,989
| -13% | -$2.37M |
|
1016
Corning
GLW
$125B
| $16.7M | 0.02% |
522,099
+374,840
| +255% | +$11.8M |
|
|
AJRD
1017
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $16.6M | 0.02% |
533,500
-257,990
| -33% | -$8.17M |
|
1018
IQVIA
IQV
$42.8B
| $16.6M | 0.02% |
169,342
+138,491
| +449% | +$14.1M |
|
|
DCPH
1019
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $16.5M | 0.02% |
728,583
+40,352
| +6% | +$790K |
|
1020
CAE Inc
CAE
$7.96B
| $16.5M | 0.02% |
889,326
-133,845
| -13% | -$2.37M |
|
|
CSFL
1021
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $16.5M | 0.02% |
641,090
+325,660
| +103% | +$8.68M |
|
1022
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $16.5M | 0.02% |
248,598
+66,477
| +37% | +$4.42M |
|
1023
Liberty Global Class A
LBTYA
$3.66B
| $16.4M | 0.02% |
458,839
+372,854
| +434% | +$11.9M |
|
1024
JELD-WEN Holding
JELD
$216M
| $16.4M | 0.02% |
417,457
-39,943
| -9% | -$1.48M |
|
1025
W.R. Berkley
WRB
$25.9B
| $16.4M | 0.02% |
772,791
+719,412
| +1,348% | +$14.7M |
|
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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.