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 | |
|---|---|---|---|---|---|---|
1101
FTI Consulting
FCN
$4.19B
| $9.35M | 0.02% |
267,495
+29,106
| +12% | +$1.06M |
|
1102
Grand Canyon Education
LOPE
$3.89B
| $9.34M | 0.02% |
+119,067
| New | +$9.11M |
|
|
IPCC
1103
DELISTED
Infinity Property & Casualty C
IPCC
| $9.33M | 0.02% |
99,302
+32,536
| +49% | +$3.11M |
|
|
VSM
1104
DELISTED
Versum Materials, Inc.
VSM
| $9.33M | 0.02% |
286,969
-132,347
| -32% | -$4.13M |
|
1105
Invesco Mortgage Capital
IVR
$801M
| $9.31M | 0.02% |
55,735
+20,844
| +60% | +$3.37M |
|
|
MRT
1106
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $9.3M | 0.02% |
736,771
-57,644
| -7% | -$690K |
|
|
CZR
1107
DELISTED
Caesars Entertainment Corporation
CZR
| $9.28M | 0.02% |
+773,624
| New | +$8.64M |
|
|
BKS
1108
DELISTED
Barnes & Noble
BKS
| $9.2M | 0.02% |
1,210,601
+887,039
| +274% | +$6.95M |
|
1109
Astronics
ATRO
$3.2B
| $9.2M | 0.02% |
416,633
+96,833
| +30% | +$2.17M |
|
1110
Graco
GGG
$12.7B
| $9.18M | 0.02% |
+252,090
| New | +$8.94M |
|
|
OSG
1111
Octave Specialty Group
OSG
$203M
| $9.15M | 0.02% |
527,225
+400,445
| +316% | +$7.11M |
|
|
EV
1112
DELISTED
Eaton Vance Corp.
EV
| $9.14M | 0.02% |
193,233
+184,797
| +2,191% | +$8.41M |
|
1113
Petrobras Class A
PBR.A
$104B
| $9.13M | 0.02% |
1,223,349
-1,320,625
| -52% | -$11.2M |
|
|
SLCA
1114
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $9.1M | 0.02% |
256,353
-362,703
| -59% | -$14.3M |
|
1115
Verisk Analytics
VRSK
$24.5B
| $9.07M | 0.02% |
+107,539
| New | +$8.71M |
|
|
CHMI
1116
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $9.05M | 0.02% |
490,227
-88,514
| -15% | -$1.58M |
|
1117
LiveRamp
RAMP
$2.29B
| $9.05M | 0.02% |
348,405
+265,939
| +322% | +$7.23M |
|
|
FNGN
1118
DELISTED
Financial Engines, Inc.
FNGN
| $9M | 0.02% |
+245,957
| New | +$9.8M |
|
1119
Ingevity
NGVT
$2.38B
| $8.99M | 0.02% |
156,651
-225,881
| -59% | -$13.3M |
|
1120
Zurn Elkay Water Solutions
ZWS
$8.1B
| $8.98M | 0.02% |
802,264
-2,573,250
| -76% | -$28.8M |
|
1121
Ryder
R
$9.43B
| $8.98M | 0.02% |
+124,788
| New | +$8.64M |
|
|
NUAN
1122
DELISTED
Nuance Communications, Inc.
NUAN
| $8.98M | 0.02% |
595,904
-360,741
| -38% | -$5.66M |
|
1123
Methode Electronics
MEI
$570M
| $8.95M | 0.02% |
217,127
+198,426
| +1,061% | +$8.28M |
|
|
CSFL
1124
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $8.88M | 0.02% |
357,117
+318,049
| +814% | +$7.91M |
|
1125
Wolverine World Wide
WWW
$1.68B
| $8.87M | 0.02% |
316,768
-49,840
| -14% | -$1.26M |
|
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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.