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 | |
|---|---|---|---|---|---|---|
|
BPL
1326
PUT
DELISTED
Buckeye Partners, L.P.
BPL
| $9.91M | 0.01% |
+200,000
| New | +$10.2M |
|
1327
Prosperity Bancshares
PB
$8.71B
| $9.9M | 0.01% |
141,326
-682,518
| -83% | -$45.6M |
|
|
RAVN
1328
DELISTED
Raven Industries Inc
RAVN
| $9.9M | 0.01% |
288,309
-125,926
| -30% | -$4.29M |
|
1329
CNO Financial Group
CNO
$5.02B
| $9.89M | 0.01% |
400,524
-195,187
| -33% | -$4.76M |
|
|
DCP
1330
CALL
DELISTED
DCP Midstream, LP
DCP
| $9.86M | 0.01% |
+271,500
| New | +$9.45M |
|
1331
Ionis Pharmaceuticals
IONS
$10.6B
| $9.86M | 0.01% |
195,917
+2,874
| +1% | +$158K |
|
1332
PUT
United Natural Foods
UNFI
$2.89B
| $9.85M | 0.01% |
200,000
+140,000
| +233% | +$6.12M |
|
1333
CarMax
KMX
$9.08B
| $9.85M | 0.01% |
153,624
-73,964
| -32% | -$5.28M |
|
|
SBT
1334
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $9.84M | 0.01% |
+774,518
| New | +$9.9M |
|
1335
Cognex
CGNX
$10.1B
| $9.83M | 0.01% |
160,682
-262,248
| -62% | -$16.7M |
|
1336
Cabot Corp
CBT
$4.32B
| $9.82M | 0.01% |
159,475
-23,337
| -13% | -$1.4M |
|
|
PHH
1337
DELISTED
PHH Corporation
PHH
| $9.82M | 0.01% |
953,064
+820,788
| +621% | +$9.98M |
|
1338
Four Corners Property Trust
FCPT
$2.79B
| $9.81M | 0.01% |
381,846
+248,356
| +186% | +$6.37M |
|
|
PTR
1339
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $9.8M | 0.01% |
140,184
-21,408
| -13% | -$1.44M |
|
1340
A10 Networks
ATEN
$1.82B
| $9.8M | 0.01% |
1,269,858
+1,157,827
| +1,033% | +$8.83M |
|
|
VR
1341
DELISTED
Validus Hold Ltd
VR
| $9.79M | 0.01% |
208,670
+155,100
| +290% | +$7.66M |
|
1342
NovoCure
NVCR
$2.04B
| $9.79M | 0.01% |
484,569
+104,210
| +27% | +$2.01M |
|
|
NRE
1343
DELISTED
NorthStar Realty Europe Corp.
NRE
| $9.77M | 0.01% |
727,738
+626,111
| +616% | +$8.66M |
|
1344
Golar LNG
GLNG
$5.29B
| $9.75M | 0.01% |
327,089
+127,304
| +64% | +$3.06M |
|
1345
Brookdale Senior Living
BKD
$2.92B
| $9.75M | 0.01% |
1,005,102
-1,406,103
| -58% | -$14.3M |
|
1346
Virtus Investment Partners
VRTS
$1.11B
| $9.75M | 0.01% |
84,710
+2,680
| +3% | +$315K |
|
1347
Moelis & Co
MC
$5.04B
| $9.74M | 0.01% |
200,849
-159,759
| -44% | -$7.22M |
|
|
SJI
1348
DELISTED
South Jersey Industries, Inc.
SJI
| $9.68M | 0.01% |
309,850
-123,654
| -29% | -$4.09M |
|
|
XENT
1349
DELISTED
Intersect ENT, Inc
XENT
| $9.65M | 0.01% |
297,857
-89,456
| -23% | -$2.68M |
|
1350
TIM SA
TIMB
$8.59B
| $9.6M | 0.01% |
497,093
+28,141
| +6% | +$521K |
|
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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.