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 | |
|---|---|---|---|---|---|---|
1226
Ciena
CIEN
$54.4B
| $10.2M | 0.02% |
466,152
-25,075
| -5% | -$600K |
|
|
TRUE
1227
DELISTED
TrueCar
TRUE
| $10.2M | 0.02% |
+648,289
| New | +$11.6M |
|
|
ABAX
1228
DELISTED
Abaxis Inc
ABAX
| $10.2M | 0.02% |
+229,154
| New | +$10.9M |
|
|
OSG
1229
Octave Specialty Group
OSG
$205M
| $10.2M | 0.02% |
592,588
+65,363
| +12% | +$1.21M |
|
1230
Cabot Corp
CBT
$4.3B
| $10.2M | 0.02% |
182,812
+144,542
| +378% | +$7.72M |
|
1231
Mercury Insurance
MCY
$5.81B
| $10.2M | 0.02% |
+179,802
| New | +$10.2M |
|
1232
CGI
GIB
$15.4B
| $10.1M | 0.02% |
195,447
+156,926
| +407% | +$8.06M |
|
|
BEAT
1233
DELISTED
BioTelemetry, Inc.
BEAT
| $10.1M | 0.02% |
+306,358
| New | +$10.6M |
|
|
1234
Walmart Inc
WMT
$835B
| $10.1M | 0.02% |
385,911
-6,382,191
| -94% | -$167M |
|
1235
Wheaton Precious Metals
WPM
$73.5B
| $10M | 0.02% |
526,180
-308,578
| -37% | -$6.07M |
|
1236
Tanger
SKT
$4.44B
| $10M | 0.02% |
411,179
-2,021,450
| -83% | -$51.1M |
|
1237
Galicia Financial Group
GGAL
$6.93B
| $10M | 0.02% |
194,744
+98,206
| +102% | +$4.2M |
|
1238
SolarEdge
SEDG
$1.87B
| $10M | 0.02% |
351,360
-932,204
| -73% | -$23.5M |
|
1239
Sensient Technologies
SXT
$5.77B
| $10M | 0.02% |
130,222
+59,594
| +84% | +$4.51M |
|
1240
Digital Realty Trust
DLR
$71.2B
| $10M | 0.02% |
84,607
+75,643
| +844% | +$8.74M |
|
1241
POSCO
PKX
$17.9B
| $9.98M | 0.02% |
143,860
+63,762
| +80% | +$4.58M |
|
|
BRSS
1242
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $9.98M | 0.02% |
295,228
+68,022
| +30% | +$2.09M |
|
1243
Entegris
ENTG
$21.3B
| $9.98M | 0.02% |
345,792
-247,632
| -42% | -$6.3M |
|
1244
Gentex
GNTX
$4.97B
| $9.98M | 0.02% |
503,834
+191,595
| +61% | +$3.48M |
|
1245
Seaboard Corp
SEB
$4.02B
| $9.97M | 0.02% |
2,214
+953
| +76% | +$4.07M |
|
|
DO
1246
DELISTED
Diamond Offshore Drilling
DO
| $9.97M | 0.02% |
687,711
-218,306
| -24% | -$2.63M |
|
|
SPLK
1247
PUT
DELISTED
Splunk Inc
SPLK
| $9.96M | 0.02% |
+150,000
| New | +$9.39M |
|
1248
Flotek Industries
FTK
$892M
| $9.96M | 0.02% |
357,029
-435,939
| -55% | -$17.2M |
|
|
SPN
1249
DELISTED
Superior Energy Services, Inc.
SPN
| $9.94M | 0.02% |
93,104
+82,441
| +773% | +$8.14M |
|
|
INN
1250
Summit Hotel Properties
INN
$661M
| $9.93M | 0.02% |
+620,867
| New | +$10.1M |
|
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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.