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 | |
|---|---|---|---|---|---|---|
1376
Provident Financial Services
PFS
$3.06B
| $9.27M | 0.01% |
343,518
+140,816
| +69% | +$3.83M |
|
1377
PTC Therapeutics
PTCT
$6.13B
| $9.26M | 0.01% |
555,205
+294,572
| +113% | +$4.99M |
|
1378
HCA Healthcare
HCA
$92.8B
| $9.26M | 0.01% |
105,417
+99,325
| +1,630% | +$7.98M |
|
1379
Stryker
SYK
$127B
| $9.25M | 0.01% |
+59,733
| New | +$9.11M |
|
1380
iShares Currency Hedged MSCI Japan ETF
HEWJ
$740M
| $9.24M | 0.01% |
+277,072
| New | +$9.04M |
|
1381
Covenant Logistics
CVLG
$890M
| $9.22M | 0.01% |
+642,190
| New | +$9.22M |
|
1382
First Financial Bancorp
FFBC
$3.43B
| $9.22M | 0.01% |
349,988
+123,667
| +55% | +$3.35M |
|
1383
Interactive Brokers
IBKR
$44.5B
| $9.21M | 0.01% |
+622,432
| New | +$8.48M |
|
1384
CALL
DexCom
DXCM
$33.6B
| $9.18M | 0.01% |
640,000
+440,000
| +220% | +$5.72M |
|
|
TBRG
1385
DELISTED
TruBridge
TBRG
| $9.18M | 0.01% |
305,341
+298,378
| +4,285% | +$8.88M |
|
1386
MacroGenics
MGNX
$266M
| $9.16M | 0.01% |
482,301
+415,262
| +619% | +$7.75M |
|
1387
Employers Holdings
EIG
$876M
| $9.13M | 0.01% |
205,708
+164,665
| +401% | +$7.76M |
|
1388
Strategy Inc
MSTR
$50.4B
| $9.12M | 0.01% |
694,270
-395,450
| -36% | -$5.31M |
|
1389
International Paper
IP
$21.7B
| $9.1M | 0.01% |
165,870
+21,124
| +15% | +$1.13M |
|
1390
Huron Consulting
HURN
$2.53B
| $9.04M | 0.01% |
223,561
+32,760
| +17% | +$1.26M |
|
1391
Mercury Systems
MRCY
$5.28B
| $9.04M | 0.01% |
175,961
+154,629
| +725% | +$7.93M |
|
1392
CDW
CDW
$17.8B
| $9.03M | 0.01% |
129,979
-111,462
| -46% | -$7.67M |
|
1393
Mattel
MAT
$4.36B
| $8.99M | 0.01% |
+584,673
| New | +$9.27M |
|
|
LBC
1394
DELISTED
Luther Burbank Corporation Common Stock
LBC
| $8.95M | 0.01% |
+743,458
| New | +$8.95M |
|
1395
Jabil
JBL
$32.3B
| $8.95M | 0.01% |
340,798
+162,568
| +91% | +$4.6M |
|
|
EVHC
1396
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $8.94M | 0.01% |
258,758
+129,302
| +100% | +$4.52M |
|
1397
Pentair
PNR
$9.97B
| $8.93M | 0.01% |
188,375
-77,674
| -29% | -$3.63M |
|
|
TIVO
1398
DELISTED
Tivo Inc
TIVO
| $8.92M | 0.01% |
+572,024
| New | +$9.9M |
|
|
ETFC
1399
PUT
DELISTED
E*Trade Financial Corporation
ETFC
| $8.92M | 0.01% |
180,000
-700
| -0.4% | -$32.1K |
|
|
VRTU
1400
DELISTED
Virtusa Corporation
VRTU
| $8.91M | 0.01% |
202,154
+97,768
| +94% | +$4.15M |
|
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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.