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 | |
|---|---|---|---|---|---|---|
|
ARGO
1276
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $10.8M | 0.02% |
202,091
+43,353
| +27% | +$2.32M |
|
1277
Diageo
DEO
$52.7B
| $10.8M | 0.01% |
74,017
-240,883
| -76% | -$33.2M |
|
1278
Accenture
ACN
$114B
| $10.8M | 0.01% |
70,560
+46,721
| +196% | +$6.77M |
|
|
EVHC
1279
PUT
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $10.8M | 0.01% |
+312,500
| New | +$10.9M |
|
|
CNSL
1280
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $10.8M | 0.01% |
885,428
+595,051
| +205% | +$9.35M |
|
1281
Xylem
XYL
$26.4B
| $10.8M | 0.01% |
157,910
-46,483
| -23% | -$3.09M |
|
1282
Universal Display
OLED
$3.94B
| $10.8M | 0.01% |
62,346
-165,139
| -73% | -$26.3M |
|
|
ADSW
1283
DELISTED
Advanced Disposal Services Inc
ADSW
| $10.8M | 0.01% |
449,593
-197,598
| -31% | -$4.68M |
|
1284
PUT
Nabors Industries
NBR
$1.3B
| $10.8M | 0.01% |
+31,486
| New | +$10M |
|
1285
PUT
Walt Disney
DIS
$192B
| $10.8M | 0.01% |
100,000
| – | – |
|
|
MNTA
1286
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $10.7M | 0.01% |
+769,692
| New | +$10.4M |
|
|
NVO
1287
CALL
Novo Nordisk
NVO
$213B
| $10.7M | 0.01% |
+400,000
| New | +$10.2M |
|
1288
CALL
Bristol-Myers Squibb
BMY
$138B
| $10.7M | 0.01% |
+175,000
| New | +$10.9M |
|
1289
LXP Industrial Trust
LXP
$3.59B
| $10.7M | 0.01% |
+221,821
| New | +$11.4M |
|
|
UBNK
1290
DELISTED
United Financial Bancorp, Inc.
UBNK
| $10.7M | 0.01% |
606,656
+68,631
| +13% | +$1.25M |
|
|
TARO
1291
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $10.7M | 0.01% |
+102,074
| New | +$11.2M |
|
|
COUP
1292
DELISTED
Coupa Software Incorporated
COUP
| $10.7M | 0.01% |
342,097
-55,428
| -14% | -$1.88M |
|
1293
Fossil Group
FOSL
$321M
| $10.6M | 0.01% |
1,369,533
+1,083,233
| +378% | +$8.39M |
|
|
MITL
1294
DELISTED
Mitel Networks Corporation
MITL
| $10.6M | 0.01% |
1,287,475
-277,494
| -18% | -$2.26M |
|
1295
McCormick & Company Non-Voting
MKC
$14.7B
| $10.6M | 0.01% |
+207,338
| New | +$10.3M |
|
1296
Barnes & Noble Education
BNED
$427M
| $10.5M | 0.01% |
12,747
+10,592
| +492% | +$7M |
|
1297
Kennametal
KMT
$2.22B
| $10.5M | 0.01% |
216,605
-295,208
| -58% | -$13.2M |
|
1298
iShares MSCI Brazil ETF
EWZ
$8.12B
| $10.5M | 0.01% |
258,428
+114,387
| +79% | +$4.63M |
|
|
NTUS
1299
DELISTED
Natus Medical Inc
NTUS
| $10.4M | 0.01% |
+273,442
| New | +$10.9M |
|
|
MASI
1300
DELISTED
Masimo
MASI
| $10.4M | 0.01% |
123,076
-132,526
| -52% | -$11.5M |
|
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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.