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 | |
|---|---|---|---|---|---|---|
101
Post Holdings
POST
$3.65B
| $109M | 0.19% |
2,145,112
+550,470
| +35% | +$29.7M |
|
102
Hancock Whitney
HWC
$6.05B
| $109M | 0.19% |
2,218,938
-250,960
| -10% | -$11.8M |
|
103
eBay
EBAY
$46.3B
| $107M | 0.19% |
3,069,978
-1,227,774
| -29% | -$42M |
|
|
TWO
104
Two Harbors Investment
TWO
$1.27B
| $107M | 0.19% |
1,349,505
+117,029
| +9% | +$9.35M |
|
|
MXIM
105
DELISTED
Maxim Integrated Products
MXIM
| $107M | 0.19% |
2,373,245
+233,998
| +11% | +$10.7M |
|
106
Alcoa
AA
$13.7B
| $106M | 0.19% |
3,231,533
+307,380
| +11% | +$9.97M |
|
107
Tenaris
TS
$26.6B
| $105M | 0.19% |
3,370,909
+771,346
| +30% | +$24.3M |
|
108
Union Pacific
UNP
$183B
| $103M | 0.18% |
947,993
+944,921
| +30,759% | +$103M |
|
109
Vertex Pharmaceuticals
VRTX
$139B
| $100M | 0.18% |
777,466
-229,594
| -23% | -$27.6M |
|
|
NBL
110
DELISTED
Noble Energy, Inc.
NBL
| $99.9M | 0.18% |
3,530,756
+976,516
| +38% | +$30.4M |
|
|
RTN
111
DELISTED
Raytheon Company
RTN
| $98.9M | 0.18% |
612,387
-349,384
| -36% | -$55.4M |
|
112
Take-Two Interactive
TTWO
$44.8B
| $97.6M | 0.17% |
1,330,104
+780,680
| +142% | +$53.4M |
|
113
United Airlines
UAL
$36.7B
| $97M | 0.17% |
1,288,520
+1,241,483
| +2,639% | +$93.7M |
|
114
Honeywell
HON
$68.4B
| $96.9M | 0.17% |
805,150
-78,332
| -9% | -$9.24M |
|
115
Hubbell
HUBB
$24.8B
| $96.8M | 0.17% |
855,166
+38,739
| +5% | +$4.49M |
|
116
Martin Marietta Materials
MLM
$32.1B
| $96.8M | 0.17% |
434,802
+296,242
| +214% | +$67M |
|
117
ZTO Express
ZTO
$16.2B
| $95.8M | 0.17% |
6,859,639
+4,440,022
| +184% | +$61.3M |
|
118
DXC Technology
DXC
$1.73B
| $95.6M | 0.17% |
+1,440,569
| New | +$95.6M |
|
119
CoreCivic
CXW
$3.36B
| $95.1M | 0.17% |
3,448,940
-970,536
| -22% | -$30.3M |
|
|
RAI
120
DELISTED
Reynolds American Inc
RAI
| $95M | 0.17% |
1,459,900
-818,018
| -36% | -$53.4M |
|
|
ESRX
121
DELISTED
Express Scripts Holding Company
ESRX
| $94.9M | 0.17% |
1,486,192
-108,047
| -7% | -$6.79M |
|
122
CubeSmart
CUBE
$9.21B
| $93.9M | 0.17% |
3,904,375
+675,795
| +21% | +$17.1M |
|
123
Biogen
BIIB
$32B
| $93.4M | 0.17% |
344,279
+172,540
| +100% | +$45.6M |
|
|
APC
124
DELISTED
Anadarko Petroleum
APC
| $93.3M | 0.17% |
2,057,484
-3,085,669
| -60% | -$164M |
|
125
Fastenal
FAST
$58.8B
| $91.9M | 0.16% |
8,445,300
+6,402,944
| +314% | +$71.9M |
|
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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.