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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.75% |
| 2 | Technology | 13.18% |
| 3 | Healthcare | 11.51% |
| 4 | Industrials | 10.45% |
| 5 | Consumer Discretionary | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Coca-Cola
KO
$392B
| $121M | 0.18% |
2,678,517
+1,250,787
| +88% | +$56.9M |
|
102
Corpay
CPAY
$27.4B
| $120M | 0.18% |
776,917
+494,289
| +175% | +$72.6M |
|
103
Alcoa
AA
$13.7B
| $118M | 0.18% |
2,530,847
-700,686
| -22% | -$28M |
|
104
Progressive
PGR
$127B
| $118M | 0.18% |
2,429,210
+956,188
| +65% | +$44.7M |
|
|
PRAH
105
DELISTED
PRA Health Sciences, Inc.
PRAH
| $117M | 0.18% |
1,541,778
+837,774
| +119% | +$63.3M |
|
106
CME Group
CME
$98.9B
| $117M | 0.18% |
859,764
+581,541
| +209% | +$73.5M |
|
107
Adobe
ADBE
$109B
| $117M | 0.18% |
781,916
+498,007
| +175% | +$74.3M |
|
108
Broadcom
AVGO
$1.75T
| $115M | 0.18% |
4,752,350
-2,594,590
| -35% | -$64.1M |
|
109
Viasat
VSAT
$10.3B
| $115M | 0.17% |
1,782,540
-358,523
| -17% | -$22.7M |
|
|
PE
110
DELISTED
PARSLEY ENERGY INC
PE
| $115M | 0.17% |
4,348,813
-266,526
| -6% | -$7.03M |
|
111
Apple
AAPL
$4.51T
| $112M | 0.17% |
2,918,784
-1,729,668
| -37% | -$67.1M |
|
112
Westlake Corp
WLK
$10.1B
| $112M | 0.17% |
1,343,043
+942,913
| +236% | +$69.3M |
|
|
QEP
113
DELISTED
QEP RESOURCES, INC.
QEP
| $111M | 0.17% |
12,952,678
+4,321,287
| +50% | +$35.3M |
|
114
Hancock Whitney
HWC
$6.05B
| $111M | 0.17% |
2,285,926
+66,988
| +3% | +$3.07M |
|
115
Ralph Lauren
RL
$22.2B
| $110M | 0.17% |
1,245,724
+242,002
| +24% | +$19.9M |
|
116
Delek US
DK
$4.38B
| $110M | 0.17% |
+4,107,259
| New | +$103M |
|
117
Brixmor Property Group
BRX
$8.99B
| $109M | 0.17% |
5,791,433
+2,610,756
| +82% | +$49.6M |
|
118
Southwest Airlines
LUV
$19.8B
| $109M | 0.17% |
1,938,940
+1,028,410
| +113% | +$57.7M |
|
119
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $108M | 0.16% |
3,160,146
-3,220,262
| -50% | -$105M |
|
120
Alphabet (Google) Class A
GOOGL
$4.22T
| $108M | 0.16% |
2,218,000
-355,480
| -14% | -$16.9M |
|
|
RDS.A
121
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $108M | 0.16% |
1,779,482
+610,480
| +52% | +$34.1M |
|
122
Ovintiv
OVV
$18.5B
| $108M | 0.16% |
1,826,383
+426,577
| +30% | +$20.8M |
|
123
Thomson Reuters
TRI
$45.7B
| $106M | 0.16% |
1,984,704
+574,967
| +41% | +$30.7M |
|
124
Newmont
NEM
$139B
| $105M | 0.16% |
2,796,495
+1,342,087
| +92% | +$48.7M |
|
125
SM Energy
SM
$8.85B
| $104M | 0.16% |
5,865,379
+838,012
| +17% | +$13.1M |
|
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Israel Englander's Q3 2017 Portfolio in Review
As of Q3 2017, Israel Englander held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Israel Englander deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Israel Englander's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Israel Englander added most to Salesforce in Q3 2017, an estimated $208M increase.
- Israel Englander's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Israel Englander fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Israel Englander opened 794 new positions and closed 737 in Q3 2017.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.