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 | |
|---|---|---|---|---|---|---|
|
ATRS
1326
DELISTED
Antares Pharma, Inc.
ATRS
| $6.2M | 0.01% |
2,183,784
+1,537,528
| +238% | +$3.7M |
|
|
BUFF
1327
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $6.2M | 0.01% |
+269,617
| New | +$6.62M |
|
|
SWFT
1328
CALL
DELISTED
Swift Transportation Company
SWFT
| $6.16M | 0.01% |
+300,000
| New | +$6.68M |
|
1329
Autoliv
ALV
$9.08B
| $6.16M | 0.01% |
83,566
+31,093
| +59% | +$2.41M |
|
|
IVAC
1330
DELISTED
Intevac Inc
IVAC
| $6.16M | 0.01% |
492,363
+415,232
| +538% | +$4.22M |
|
|
ARGO
1331
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $6.15M | 0.01% |
104,305
-51,267
| -33% | -$2.94M |
|
|
SCHW
1332
PUT
Charles Schwab
SCHW
$194B
| $6.12M | 0.01% |
+150,000
| New | +$6.19M |
|
|
USCR
1333
DELISTED
U S Concrete, Inc.
USCR
| $6.11M | 0.01% |
94,696
-39,825
| -30% | -$2.57M |
|
|
LADR
1334
Ladder Capital
LADR
$1.26B
| $6.11M | 0.01% |
422,947
-384,684
| -48% | -$5.42M |
|
1335
Nektar Therapeutics
NKTR
$2.56B
| $6.09M | 0.01% |
17,297
-10,524
| -38% | -$2.37M |
|
1336
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.83B
| $6.08M | 0.01% |
200,000
+130,000
| +186% | +$4.19M |
|
1337
SPX Corp
SPXC
$10.1B
| $6.06M | 0.01% |
249,904
+52,823
| +27% | +$1.31M |
|
1338
TherapeuticsMD
TXMD
$26.4M
| $6.06M | 0.01% |
16,826
-35,096
| -68% | -$10.9M |
|
|
FINL
1339
DELISTED
Finish Line
FINL
| $6.04M | 0.01% |
+424,437
| New | +$7.13M |
|
|
RDUS
1340
DELISTED
Radius Recycling
RDUS
| $6.02M | 0.01% |
291,482
+13,800
| +5% | +$323K |
|
1341
RTX Corp
RTX
$283B
| $6.01M | 0.01% |
85,151
-67,382
| -44% | -$4.73M |
|
1342
Autohome
ATHM
$2.5B
| $6M | 0.01% |
188,989
+165,765
| +714% | +$5.29M |
|
1343
Adtran
ADTN
$653M
| $6M | 0.01% |
+289,192
| New | +$6.28M |
|
|
AVX
1344
DELISTED
AVX Corporation
AVX
| $5.98M | 0.01% |
365,249
+49,175
| +16% | +$786K |
|
1345
Diodes
DIOD
$4.28B
| $5.98M | 0.01% |
+248,680
| New | +$6.19M |
|
|
NAV
1346
DELISTED
Navistar International
NAV
| $5.98M | 0.01% |
242,923
-155,588
| -39% | -$4.28M |
|
1347
Copart
CPRT
$30.9B
| $5.96M | 0.01% |
770,472
+281,744
| +58% | +$2.07M |
|
1348
Provident Financial Services
PFS
$3.06B
| $5.96M | 0.01% |
230,715
+208,259
| +927% | +$5.52M |
|
1349
James River Group Holdings
JRVR
$191M
| $5.96M | 0.01% |
139,120
+85,470
| +159% | +$3.55M |
|
1350
O'Reilly Automotive
ORLY
$73.1B
| $5.95M | 0.01% |
330,645
-421,605
| -56% | -$7.62M |
|
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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.