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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.75% |
| 2 | Technology | 13.18% |
| 3 | Healthcare | 11.51% |
| 4 | Industrials | 10.45% |
| 5 | Consumer Discretionary | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Telecom Argentina
TEO
$5.84B
| $12.9M | 0.02% |
419,485
+128,523
| +44% | +$3.78M |
|
1077
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $12.9M | 0.02% |
500,000
-250,000
| -33% | -$6.24M |
|
1078
Tactile Systems Technology
TCMD
$529M
| $12.9M | 0.02% |
417,517
+87,039
| +26% | +$2.76M |
|
1079
CNA Financial
CNA
$13.4B
| $12.9M | 0.02% |
256,672
+244,858
| +2,073% | +$12.2M |
|
|
COWN
1080
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $12.9M | 0.02% |
724,045
+213,323
| +42% | +$3.49M |
|
1081
Halozyme
HALO
$12.3B
| $12.9M | 0.02% |
741,437
+151,178
| +26% | +$2.05M |
|
1082
Terex
TEX
$7.53B
| $12.9M | 0.02% |
285,857
+128,394
| +82% | +$5.08M |
|
|
AERI
1083
DELISTED
Aerie Pharmaceuticals
AERI
| $12.9M | 0.02% |
264,798
-208,658
| -44% | -$11.4M |
|
1084
BlackRock TCP Capital
TCPC
$342M
| $12.9M | 0.02% |
779,800
+313,554
| +67% | +$5.18M |
|
1085
Kinross Gold
KGC
$39.1B
| $12.8M | 0.02% |
3,021,425
-5,351,032
| -64% | -$22.9M |
|
1086
Xylem
XYL
$26.7B
| $12.8M | 0.02% |
204,393
+118,305
| +137% | +$7.07M |
|
|
LGF.B
1087
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $12.8M | 0.02% |
402,571
+32,829
| +9% | +$919K |
|
1088
CALL
NRG Energy
NRG
$23.5B
| $12.8M | 0.02% |
+500,000
| New | +$11.8M |
|
1089
ITT
ITT
$18.3B
| $12.8M | 0.02% |
288,419
+71,667
| +33% | +$2.95M |
|
1090
Lamb Weston
LW
$7.53B
| $12.8M | 0.02% |
272,016
-1,032,459
| -79% | -$46.3M |
|
|
CHCT
1091
Community Healthcare Trust
CHCT
$434M
| $12.7M | 0.02% |
469,485
+259,253
| +123% | +$6.68M |
|
1092
Alkermes
ALKS
$8.2B
| $12.7M | 0.02% |
248,841
-1,217,472
| -83% | -$65.1M |
|
|
VG
1093
DELISTED
Vonage Holdings Corporation
VG
| $12.6M | 0.02% |
1,553,982
+1,222,185
| +368% | +$9.2M |
|
|
NUAN
1094
DELISTED
Nuance Communications, Inc.
NUAN
| $12.6M | 0.02% |
929,053
+333,149
| +56% | +$4.76M |
|
1095
CRH
CRH
$63.7B
| $12.6M | 0.02% |
333,101
-204,674
| -38% | -$7.24M |
|
1096
Yelp
YELP
$1.29B
| $12.6M | 0.02% |
290,966
-279,578
| -49% | -$10.8M |
|
1097
Landstar System
LSTR
$6.11B
| $12.6M | 0.02% |
126,185
-117,425
| -48% | -$10.4M |
|
|
OCLR
1098
DELISTED
Oclaro Inc.
OCLR
| $12.6M | 0.02% |
1,456,547
+511,239
| +54% | +$4.61M |
|
1099
MasTec
MTZ
$20.5B
| $12.6M | 0.02% |
270,831
+76,860
| +40% | +$3.35M |
|
1100
Molina Healthcare
MOH
$10.4B
| $12.6M | 0.02% |
182,518
-34,843
| -16% | -$2.27M |
|
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Israel Englander's Q3 2017 Portfolio in Review
As of Q3 2017, Israel Englander held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Israel Englander deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Israel Englander's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Israel Englander added most to Salesforce in Q3 2017, an estimated $208M increase.
- Israel Englander's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Israel Englander fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Israel Englander opened 794 new positions and closed 737 in Q3 2017.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.