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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $109M | 0.2% |
3,129,192
+3,033,950
| +3,186% | +$110M |
|
102
ServiceNow
NOW
$133B
| $109M | 0.2% |
6,246,855
+4,035,215
| +182% | +$70.4M |
|
103
Coca-Cola
KO
$392B
| $108M | 0.2% |
2,546,830
+2,373,433
| +1,369% | +$99M |
|
104
Waste Management
WM
$89.6B
| $108M | 0.2% |
1,477,888
+186,498
| +14% | +$13.3M |
|
105
Analog Devices
ADI
$182B
| $108M | 0.2% |
1,314,916
+1,174,473
| +836% | +$92.2M |
|
106
Northrop Grumman
NOC
$78.3B
| $107M | 0.2% |
451,483
-61,589
| -12% | -$14.6M |
|
107
Expedia Group
EXPE
$38.6B
| $107M | 0.2% |
848,906
+322,481
| +61% | +$39.4M |
|
108
Salesforce
CRM
$171B
| $107M | 0.2% |
1,297,988
-45,375
| -3% | -$3.62M |
|
|
VTLE
109
DELISTED
Vital Energy
VTLE
| $107M | 0.2% |
365,724
+54,852
| +18% | +$15.2M |
|
110
Hewlett Packard
HPE
$70.8B
| $106M | 0.19% |
7,690,438
+819,123
| +12% | +$11M |
|
|
ESRX
111
DELISTED
Express Scripts Holding Company
ESRX
| $105M | 0.19% |
1,594,239
+157,041
| +11% | +$10.8M |
|
112
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $105M | 0.19% |
+763,600
| New | +$104M |
|
|
ALXN
113
DELISTED
Alexion Pharmaceuticals
ALXN
| $104M | 0.19% |
860,920
+631,609
| +275% | +$81.4M |
|
114
Cisco
CSCO
$438B
| $104M | 0.19% |
+3,066,085
| New | +$99.4M |
|
|
TSS
115
DELISTED
Total System Services, Inc.
TSS
| $103M | 0.19% |
1,928,730
+1,418,183
| +278% | +$75.6M |
|
116
Lam Research
LRCX
$393B
| $103M | 0.19% |
8,014,010
+5,366,610
| +203% | +$63.1M |
|
117
Rockwell Automation
ROK
$48.5B
| $103M | 0.19% |
660,623
+175,137
| +36% | +$26.2M |
|
118
Alexandria Real Estate Equities
ARE
$9.21B
| $103M | 0.19% |
929,168
+731,924
| +371% | +$82.7M |
|
119
Novartis
NVS
$302B
| $102M | 0.19% |
+1,535,237
| New | +$102M |
|
120
Alcoa
AA
$13.7B
| $101M | 0.18% |
2,924,153
+2,245,664
| +331% | +$78.6M |
|
121
Keurig Dr Pepper
KDP
$43.6B
| $100M | 0.18% |
1,025,901
+139,871
| +16% | +$13M |
|
122
Bath & Body Works
BBWI
$3.92B
| $99.7M | 0.18% |
+2,618,109
| New | +$118M |
|
123
Honeywell
HON
$68.4B
| $99.7M | 0.18% |
883,482
+185,530
| +27% | +$20.5M |
|
124
Costco
COST
$420B
| $99.5M | 0.18% |
593,595
-655,175
| -52% | -$110M |
|
|
AET
125
DELISTED
Aetna Inc
AET
| $99M | 0.18% |
776,139
+30,467
| +4% | +$3.83M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.