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 | |
|---|---|---|---|---|---|---|
|
101
ConocoPhillips
COP
$162B
| $128M | 0.18% |
2,324,831
-3,725,958
| -62% | -$192M |
|
|
PF
102
DELISTED
Pinnacle Foods, Inc.
PF
| $127M | 0.17% |
2,130,070
-1,079,481
| -34% | -$60.8M |
|
103
CSX Corp
CSX
$95.6B
| $127M | 0.17% |
6,903,447
+5,937,885
| +615% | +$105M |
|
104
Bristol-Myers Squibb
BMY
$137B
| $126M | 0.17% |
2,060,923
+18,064
| +0.9% | +$1.13M |
|
105
US Bancorp
USB
$96.7B
| $126M | 0.17% |
2,347,864
+2,302,691
| +5,097% | +$124M |
|
106
JPMorgan Chase
JPM
$935B
| $124M | 0.17% |
1,156,312
+365,883
| +46% | +$37M |
|
107
Viatris
VTRS
$18.7B
| $123M | 0.17% |
+2,905,317
| New | +$111M |
|
|
TWX
108
DELISTED
Time Warner Inc
TWX
| $123M | 0.17% |
1,340,846
+104,439
| +8% | +$9.87M |
|
|
109
Applied Materials
AMAT
$391B
| $122M | 0.17% |
2,387,532
-3,748,007
| -61% | -$203M |
|
110
Nasdaq
NDAQ
$54.9B
| $120M | 0.17% |
4,695,621
+2,057,310
| +78% | +$51.9M |
|
111
Olin
OLN
$2.1B
| $120M | 0.17% |
3,371,365
-1,272,223
| -27% | -$45.2M |
|
112
CALL
iShares MSCI Japan ETF
EWJ
$22.4B
| $120M | 0.17% |
+2,000,000
| New | +$117M |
|
113
Dover
DOV
$27.2B
| $120M | 0.17% |
1,469,022
-249,222
| -15% | -$19.3M |
|
114
Alphabet (Google) Class A
GOOGL
$4.22T
| $119M | 0.16% |
2,267,720
+49,720
| +2% | +$2.57M |
|
115
Parker-Hannifin
PH
$126B
| $119M | 0.16% |
597,102
-102,522
| -15% | -$19.1M |
|
116
Conagra Brands
CAG
$7.89B
| $119M | 0.16% |
3,156,125
-4,498,437
| -59% | -$160M |
|
117
Lam Research
LRCX
$393B
| $118M | 0.16% |
6,419,200
-9,109,960
| -59% | -$179M |
|
118
Molson Coors Class B
TAP
$8.01B
| $118M | 0.16% |
1,439,258
-1,132,204
| -44% | -$91.6M |
|
|
K
119
DELISTED
Kellanova
K
| $118M | 0.16% |
1,850,289
+937,908
| +103% | +$56.5M |
|
120
Delek US
DK
$4.38B
| $118M | 0.16% |
3,372,906
-734,353
| -18% | -$21.7M |
|
121
Dominion Energy
D
$58.6B
| $117M | 0.16% |
1,446,750
+712,261
| +97% | +$57.7M |
|
122
Ameren
AEE
$29.4B
| $117M | 0.16% |
1,978,972
+1,676,365
| +554% | +$103M |
|
123
Palo Alto Networks
PANW
$292B
| $116M | 0.16% |
4,821,264
+3,715,290
| +336% | +$90.4M |
|
|
TWO
124
Two Harbors Investment
TWO
$1.27B
| $116M | 0.16% |
1,790,583
+45,502
| +3% | +$3.19M |
|
125
Corpay
CPAY
$27.4B
| $116M | 0.16% |
604,144
-172,773
| -22% | -$30.4M |
|
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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.