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 | |
|---|---|---|---|---|---|---|
|
CSGS
1051
DELISTED
CSG Systems International
CSGS
| $15.6M | 0.02% |
357,039
-120,072
| -25% | -$5.18M |
|
1052
Stepan Co
SCL
$1.41B
| $15.6M | 0.02% |
197,485
+69,130
| +54% | +$5.68M |
|
|
TIF
1053
CALL
DELISTED
Tiffany & Co.
TIF
| $15.6M | 0.02% |
+150,000
| New | +$14.3M |
|
|
CHUY
1054
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $15.6M | 0.02% |
554,946
+182,923
| +49% | +$4.33M |
|
1055
Gibraltar Industries
ROCK
$1.37B
| $15.5M | 0.02% |
468,864
+163,762
| +54% | +$5.23M |
|
|
ESL
1056
DELISTED
Esterline Technologies
ESL
| $15.4M | 0.02% |
206,009
+57,209
| +38% | +$4.7M |
|
1057
YPF Sociedad Anonima ADS
YPF
$20.1B
| $15.4M | 0.02% |
670,838
-426,090
| -39% | -$9.77M |
|
1058
CALL
Tower Semiconductor
TSEM
$23.9B
| $15.3M | 0.02% |
450,000
-75,000
| -14% | -$2.49M |
|
|
ASRT
1059
DELISTED
Assertio
ASRT
| $15.3M | 0.02% |
31,744
+10,165
| +47% | +$3.95M |
|
1060
Murphy Oil
MUR
$5.16B
| $15.3M | 0.02% |
493,323
+431,249
| +695% | +$12M |
|
1061
Intel
INTC
$461B
| $15.3M | 0.02% |
331,505
+229,534
| +225% | +$10M |
|
1062
Intuit
INTU
$101B
| $15.3M | 0.02% |
96,970
-444,917
| -82% | -$67.8M |
|
1063
Akebia Therapeutics
AKBA
$250M
| $15.2M | 0.02% |
1,024,492
+240,692
| +31% | +$3.99M |
|
1064
RPC Inc
RES
$1.37B
| $15.2M | 0.02% |
596,027
-735,131
| -55% | -$17.7M |
|
1065
WEX
WEX
$6.93B
| $15.2M | 0.02% |
107,514
-73,674
| -41% | -$9.22M |
|
1066
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $15.1M | 0.02% |
+200,000
| New | +$14.6M |
|
1067
Sensient Technologies
SXT
$5.85B
| $15.1M | 0.02% |
205,902
+75,680
| +58% | +$5.77M |
|
1068
ICF International
ICFI
$1.59B
| $15M | 0.02% |
285,726
+246,695
| +632% | +$13.3M |
|
|
TXNM
1069
TXNM Energy Inc
TXNM
$5.88B
| $15M | 0.02% |
370,119
+254,659
| +221% | +$10.9M |
|
|
1070
Honeywell
HON
$68.1B
| $15M | 0.02% |
107,930
-1,604,437
| -94% | -$215M |
|
1071
Comfort Systems
FIX
$56.7B
| $14.9M | 0.02% |
341,556
+271,395
| +387% | +$11.1M |
|
1072
Grand Canyon Education
LOPE
$3.85B
| $14.9M | 0.02% |
166,376
+162,680
| +4,402% | +$14.7M |
|
1073
8x8 Inc
EGHT
$286M
| $14.9M | 0.02% |
1,055,821
+1,021,232
| +2,952% | +$14.1M |
|
1074
National Bank Holdings
NBHC
$1.86B
| $14.8M | 0.02% |
457,911
+397,250
| +655% | +$13.2M |
|
1075
RE/MAX Holdings
RMAX
$263M
| $14.8M | 0.02% |
+305,383
| New | +$17.5M |
|
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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.