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 | |
|---|---|---|---|---|---|---|
|
RWT
1176
Redwood Trust
RWT
$600M
| $12.7M | 0.02% |
857,374
+118,048
| +16% | +$1.83M |
|
1177
Piper Sandler
PIPR
$5.33B
| $12.7M | 0.02% |
587,876
-1,194,264
| -67% | -$21.5M |
|
1178
NorthWestern Energy
NWE
$4.3B
| $12.7M | 0.02% |
211,931
-98,248
| -32% | -$5.92M |
|
1179
UMB Financial
UMBF
$11B
| $12.6M | 0.02% |
175,733
+99,395
| +130% | +$7.3M |
|
1180
Patrick Industries
PATK
$2.76B
| $12.6M | 0.02% |
272,885
+197,710
| +263% | +$8.13M |
|
|
UMH
1181
UMH Properties
UMH
$1.43B
| $12.6M | 0.02% |
846,703
-67,838
| -7% | -$1.03M |
|
|
TPIC
1182
DELISTED
TPI Composites
TPIC
| $12.6M | 0.02% |
616,164
+128,081
| +26% | +$2.68M |
|
|
INST
1183
DELISTED
Instructure, Inc.
INST
| $12.5M | 0.02% |
379,110
+92,045
| +32% | +$3.13M |
|
1184
Sixth Street Specialty
TSLX
$1.8B
| $12.5M | 0.02% |
633,714
-252,736
| -29% | -$5.18M |
|
1185
Banco Bradesco
BBD
$34.3B
| $12.5M | 0.02% |
2,151,060
+1,513,588
| +237% | +$9.07M |
|
1186
Accuray
ARAY
$32.7M
| $12.5M | 0.02% |
2,910,522
-614,431
| -17% | -$2.82M |
|
|
EPZM
1187
DELISTED
Epizyme, Inc
EPZM
| $12.5M | 0.02% |
996,687
+359,547
| +56% | +$5.23M |
|
|
BBG
1188
DELISTED
Bill Barrett Corp
BBG
| $12.4M | 0.02% |
2,425,230
+1,543,634
| +175% | +$7.9M |
|
1189
Mohawk Industries
MHK
$9.22B
| $12.4M | 0.02% |
45,053
-248,954
| -85% | -$66.8M |
|
1190
CALL
Targa Resources
TRGP
$62.4B
| $12.4M | 0.02% |
+256,600
| New | +$11.5M |
|
|
WIFI
1191
DELISTED
Boingo Wireless, Inc.
WIFI
| $12.4M | 0.02% |
549,120
+65,956
| +14% | +$1.51M |
|
1192
BlackRock TCP Capital
TCPC
$341M
| $12.3M | 0.02% |
807,309
+27,509
| +4% | +$440K |
|
1193
Blackstone Mortgage Trust
BXMT
$2.38B
| $12.3M | 0.02% |
+383,099
| New | +$12.3M |
|
|
VIAB
1194
CALL
DELISTED
Viacom Inc. Class B
VIAB
| $12.3M | 0.02% |
400,000
| – | – |
|
1195
Universal Insurance Holdings
UVE
$1.22B
| $12.3M | 0.02% |
450,303
+101,278
| +29% | +$2.54M |
|
|
VRS
1196
DELISTED
Verso Corporation
VRS
| $12.3M | 0.02% |
699,602
+367,356
| +111% | +$3.51M |
|
|
NBIS
1197
Nebius Group N.V.
NBIS
$59.5B
| $12.3M | 0.02% |
375,265
-144,337
| -28% | -$4.71M |
|
|
RP
1198
DELISTED
RealPage, Inc.
RP
| $12.3M | 0.02% |
277,289
+257,719
| +1,317% | +$11.2M |
|
|
VISN
1199
Vistance Networks Inc
VISN
$2.52B
| $12.2M | 0.02% |
322,777
+302,912
| +1,525% | +$10.6M |
|
1200
Alamos Gold
AGI
$15.8B
| $12.2M | 0.02% |
1,870,965
+1,518,292
| +431% | +$9.91M |
|
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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.