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 | |
|---|---|---|---|---|---|---|
1251
ITT
ITT
$18.4B
| $6.95M | 0.01% |
169,451
+74,181
| +78% | +$3.05M |
|
1252
Hackett Group
HCKT
$278M
| $6.95M | 0.01% |
356,544
+106,725
| +43% | +$1.92M |
|
1253
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $6.93M | 0.01% |
79,007
+35,683
| +82% | +$3.12M |
|
|
CSOD
1254
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $6.91M | 0.01% |
+177,780
| New | +$7.32M |
|
1255
UGI
UGI
$8.23B
| $6.91M | 0.01% |
139,854
+18,648
| +15% | +$886K |
|
1256
First Interstate BancSystem
FIBK
$3.53B
| $6.88M | 0.01% |
173,583
+36,785
| +27% | +$1.53M |
|
|
RP
1257
DELISTED
RealPage, Inc.
RP
| $6.85M | 0.01% |
196,384
+18,069
| +10% | +$590K |
|
|
RXDX
1258
DELISTED
Ignyta, Inc.
RXDX
| $6.84M | 0.01% |
794,833
+20,856
| +3% | +$152K |
|
|
CSGS
1259
DELISTED
CSG Systems International
CSGS
| $6.81M | 0.01% |
+180,191
| New | +$7.64M |
|
|
GHL
1260
DELISTED
Greenhill & Co., Inc.
GHL
| $6.8M | 0.01% |
232,131
-237,197
| -51% | -$6.91M |
|
1261
PUT
Eagle Materials
EXP
$6.1B
| $6.8M | 0.01% |
70,000
+30,000
| +75% | +$3.06M |
|
1262
ArcBest
ARCB
$3.03B
| $6.8M | 0.01% |
261,481
-67,499
| -21% | -$1.98M |
|
1263
Applied Optoelectronics
AAOI
$9.61B
| $6.76M | 0.01% |
120,483
-148,646
| -55% | -$5.86M |
|
|
AMAG
1264
DELISTED
AMAG Pharmaceuticals
AMAG
| $6.76M | 0.01% |
299,822
+113,859
| +61% | +$2.73M |
|
|
GIMO
1265
DELISTED
Gigamon Inc.
GIMO
| $6.76M | 0.01% |
190,118
-255,476
| -57% | -$9.12M |
|
|
BNCL
1266
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $6.75M | 0.01% |
422,082
-51,446
| -11% | -$871K |
|
|
VALE.P
1267
DELISTED
Vale S A
VALE.P
| $6.75M | 0.01% |
751,780
-120,215
| -14% | -$1.13M |
|
1268
Genpact
G
$6.26B
| $6.74M | 0.01% |
272,246
+25,215
| +10% | +$615K |
|
1269
Mercury Insurance
MCY
$5.79B
| $6.72M | 0.01% |
110,193
-64,568
| -37% | -$3.86M |
|
1270
Columbia Sportswear
COLM
$3.02B
| $6.72M | 0.01% |
+114,370
| New | +$6.42M |
|
1271
PUT
CNX Resources
CNX
$5.33B
| $6.71M | 0.01% |
480,000
+237,840
| +98% | +$3.35M |
|
|
TRQ
1272
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $6.67M | 0.01% |
217,312
+158,672
| +271% | +$5.35M |
|
|
PBCT
1273
DELISTED
People's United Financial Inc
PBCT
| $6.66M | 0.01% |
365,764
+290,771
| +388% | +$5.5M |
|
1274
Rogers Communications
RCI
$19.8B
| $6.65M | 0.01% |
150,291
-86,911
| -37% | -$3.64M |
|
1275
HNI Corp
HNI
$3.6B
| $6.64M | 0.01% |
144,167
+103,511
| +255% | +$4.98M |
|
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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.