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 | |
|---|---|---|---|---|---|---|
1201
BlackRock TCP Capital
TCPC
$351M
| $7.88M | 0.01% |
466,246
+373,798
| +404% | +$6.35M |
|
1202
America Movil
AMX
$71.2B
| $7.88M | 0.01% |
+494,773
| New | +$7.67M |
|
|
GIMO
1203
PUT
DELISTED
Gigamon Inc.
GIMO
| $7.87M | 0.01% |
+200,000
| New | +$7.54M |
|
|
RBS.PRS.CL
1204
DELISTED
The Royal Bank Of Scotland Group
RBS.PRS.CL
| $7.85M | 0.01% |
303,105
-1,201
| -0.4% | -$30.7K |
|
1205
QuidelOrtho
QDEL
$1.03B
| $7.83M | 0.01% |
288,590
-167,639
| -37% | -$4.15M |
|
1206
Northrop Grumman
NOC
$77.1B
| $7.82M | 0.01% |
30,457
-421,026
| -93% | -$105M |
|
|
MDR
1207
DELISTED
McDermott International
MDR
| $7.81M | 0.01% |
362,914
-98,777
| -21% | -$1.93M |
|
|
IVC
1208
DELISTED
Invacare Corporation
IVC
| $7.78M | 0.01% |
589,458
+520,042
| +749% | +$6.83M |
|
1209
Hyster-Yale Materials Handling
HY
$624M
| $7.77M | 0.01% |
110,631
+87,613
| +381% | +$5.97M |
|
|
AMRN
1210
Amarin Corp
AMRN
$299M
| $7.77M | 0.01% |
96,398
-37,794
| -28% | -$2.35M |
|
1211
Banco Macro
BMA
$4.97B
| $7.77M | 0.01% |
84,236
-15,996
| -16% | -$1.41M |
|
1212
Prestige Consumer Healthcare
PBH
$2.44B
| $7.72M | 0.01% |
146,261
-174,101
| -54% | -$9.33M |
|
|
CVG
1213
DELISTED
Convergys
CVG
| $7.71M | 0.01% |
324,125
-592,571
| -65% | -$13.8M |
|
1214
Axogen
AXGN
$2.68B
| $7.7M | 0.01% |
459,809
+413,822
| +900% | +$5.58M |
|
1215
Corcept Therapeutics
CORT
$13.4B
| $7.7M | 0.01% |
652,162
+445,838
| +216% | +$4.85M |
|
1216
Pitney Bowes
PBI
$2.34B
| $7.69M | 0.01% |
509,522
-145,869
| -22% | -$2.13M |
|
1217
Fluor
FLR
$6.86B
| $7.68M | 0.01% |
167,740
-253,786
| -60% | -$12.1M |
|
1218
Vanguard S&P 500 ETF
VOO
$1.02T
| $7.67M | 0.01% |
34,558
+22,650
| +190% | +$4.99M |
|
|
SGEN
1219
DELISTED
Seagen Inc. Common Stock
SGEN
| $7.66M | 0.01% |
148,091
-628,601
| -81% | -$40M |
|
1220
Hasbro
HAS
$13.6B
| $7.64M | 0.01% |
68,495
-337,600
| -83% | -$34.8M |
|
1221
Toyota
TM
$228B
| $7.63M | 0.01% |
72,699
+65,588
| +922% | +$7.01M |
|
1222
Amphenol
APH
$196B
| $7.62M | 0.01% |
412,992
-827,552
| -67% | -$15.1M |
|
1223
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $7.6M | 0.01% |
292,524
-2,078,238
| -88% | -$54.6M |
|
1224
CAE Inc
CAE
$8.05B
| $7.59M | 0.01% |
440,418
+309,898
| +237% | +$4.94M |
|
|
WEB
1225
DELISTED
Web.com Group, Inc.
WEB
| $7.59M | 0.01% |
300,103
-160,757
| -35% | -$3.4M |
|
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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.