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 | |
|---|---|---|---|---|---|---|
|
EMBJ
1026
Embraer S.A. ADS
EMBJ
$13.6B
| $16.4M | 0.02% |
+685,135
| New | +$14M |
|
1027
Casella Waste Systems
CWST
$6.03B
| $16.4M | 0.02% |
712,154
+339,447
| +91% | +$6.68M |
|
1028
Atkore
ATKR
$3.16B
| $16.3M | 0.02% |
760,532
+509,199
| +203% | +$10.2M |
|
|
CNH
1029
CNH Industrial
CNH
$18.9B
| $16.3M | 0.02% |
1,394,702
+699,990
| +101% | +$7.74M |
|
1030
Morningstar
MORN
$8.16B
| $16.2M | 0.02% |
167,453
+76,091
| +83% | +$6.85M |
|
|
ELME
1031
Elme Communities
ELME
$149M
| $16.2M | 0.02% |
520,133
+41,302
| +9% | +$1.34M |
|
1032
Criteo S.A.
CRTO
$837M
| $16.2M | 0.02% |
621,803
+326,870
| +111% | +$11.7M |
|
1033
Netflix
NFLX
$333B
| $16.2M | 0.02% |
842,980
+402,530
| +91% | +$7.75M |
|
|
HTO
1034
H2O America
HTO
$2.7B
| $16.2M | 0.02% |
253,306
+51,508
| +26% | +$3.26M |
|
1035
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $16.1M | 0.02% |
576,596
-607,359
| -51% | -$16.3M |
|
|
CAA
1036
DELISTED
CalAtlantic Group, Inc.
CAA
| $16.1M | 0.02% |
285,133
+182,951
| +179% | +$8.93M |
|
1037
FIVE9
FIVN
$2.45B
| $16.1M | 0.02% |
645,839
+207,556
| +47% | +$5.12M |
|
1038
ITT
ITT
$18.3B
| $16.1M | 0.02% |
300,767
+12,348
| +4% | +$620K |
|
1039
Arcos Dorados Holdings
ARCO
$1.7B
| $16M | 0.02% |
1,589,008
+480,428
| +43% | +$4.7M |
|
|
GPOR
1040
DELISTED
Gulfport Energy Corp.
GPOR
| $16M | 0.02% |
1,250,618
-876,832
| -41% | -$11.7M |
|
1041
PTC
PTC
$16.7B
| $15.9M | 0.02% |
+262,282
| New | +$16.3M |
|
|
SHOE
1042
Shoe Station Group
SHOE
$424M
| $15.9M | 0.02% |
1,190,856
+680,448
| +133% | +$7.89M |
|
1043
McGrath RentCorp
MGRC
$2.85B
| $15.9M | 0.02% |
338,398
+263,932
| +354% | +$12.2M |
|
|
TGE
1044
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $15.9M | 0.02% |
617,415
+338,926
| +122% | +$8.49M |
|
|
KW
1045
DELISTED
Kennedy-Wilson Holdings
KW
| $15.9M | 0.02% |
915,386
+705,557
| +336% | +$13.3M |
|
|
PXD
1046
DELISTED
Pioneer Natural Resource Co.
PXD
| $15.9M | 0.02% |
91,865
+64,808
| +240% | +$9.98M |
|
|
VIVO
1047
DELISTED
Meridian Bioscience Inc
VIVO
| $15.9M | 0.02% |
1,133,765
+402,430
| +55% | +$5.89M |
|
1048
CALL
Eaton
ETN
$159B
| $15.8M | 0.02% |
+200,000
| New | +$15.5M |
|
|
SN
1049
DELISTED
Sanchez Energy Corporation
SN
| $15.8M | 0.02% |
2,975,150
+2,892,127
| +3,484% | +$13.7M |
|
1050
AppFolio
APPF
$7.97B
| $15.7M | 0.02% |
378,975
+365,264
| +2,664% | +$16.4M |
|
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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.