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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.75% |
| 2 | Technology | 13.18% |
| 3 | Healthcare | 11.51% |
| 4 | Industrials | 10.45% |
| 5 | Consumer Discretionary | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
PUT
Range Resources
RRC
$9.58B
| $7.83M | 0.01% |
+400,000
| New | +$7.73M |
|
1402
PUT
S&P Global
SPGI
$128B
| $7.82M | 0.01% |
50,000
-15,000
| -23% | -$2.28M |
|
1403
Cato Corp
CATO
$55.7M
| $7.81M | 0.01% |
590,088
+507,961
| +619% | +$7.62M |
|
|
AVEO
1404
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
| $7.8M | 0.01% |
213,821
+83,541
| +64% | +$2.58M |
|
|
WP
1405
DELISTED
Worldpay, Inc.
WP
| $7.8M | 0.01% |
110,683
-168,728
| -60% | -$11.5M |
|
1406
International Paper
IP
$21.7B
| $7.79M | 0.01% |
+144,746
| New | +$7.61M |
|
1407
NETGEAR
NTGR
$581M
| $7.78M | 0.01% |
163,483
+56,479
| +53% | +$2.62M |
|
|
S
1408
PUT
DELISTED
Sprint Corporation
S
| $7.78M | 0.01% |
+1,000,000
| New | +$8.21M |
|
1409
Morningstar
MORN
$8.07B
| $7.76M | 0.01% |
91,362
+29,341
| +47% | +$2.39M |
|
|
AIMC
1410
DELISTED
Altra Industrial Motion Corp
AIMC
| $7.76M | 0.01% |
161,262
+154,294
| +2,214% | +$6.81M |
|
1411
Cavco Industries
CVCO
$4.52B
| $7.75M | 0.01% |
52,493
-32,723
| -38% | -$4.36M |
|
1412
Telephone and Data Systems
TDS
$3.89B
| $7.72M | 0.01% |
276,977
+115,016
| +71% | +$3.25M |
|
1413
Darden Restaurants
DRI
$25B
| $7.7M | 0.01% |
+97,674
| New | +$8.23M |
|
|
SLCA
1414
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $7.69M | 0.01% |
247,533
-8,820
| -3% | -$256K |
|
1415
HubSpot
HUBS
$11.9B
| $7.68M | 0.01% |
91,398
-160,895
| -64% | -$11.5M |
|
|
SIR
1416
DELISTED
SELECT INCOME REIT
SIR
| $7.65M | 0.01% |
743,274
-36,885
| -5% | -$378K |
|
1417
Emcor
EME
$32.6B
| $7.64M | 0.01% |
110,116
-546,563
| -83% | -$36.2M |
|
|
WCN
1418
Waste Connections
WCN
$41.8B
| $7.63M | 0.01% |
109,122
-398,872
| -79% | -$26.3M |
|
1419
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.81B
| $7.63M | 0.01% |
272,614
+197,044
| +261% | +$5.49M |
|
1420
Precigen
PGEN
$2.61B
| $7.61M | 0.01% |
400,500
+306,589
| +326% | +$6.31M |
|
1421
Tyler Technologies
TYL
$14.3B
| $7.6M | 0.01% |
43,595
+28,161
| +182% | +$4.84M |
|
|
CALA
1422
DELISTED
Calithera Biosciences, Inc
CALA
| $7.59M | 0.01% |
24,107
+12,628
| +110% | +$3.98M |
|
|
KND
1423
DELISTED
Kindred Healthcare
KND
| $7.59M | 0.01% |
1,116,808
+1,045,631
| +1,469% | +$8.9M |
|
1424
Service Corp International
SCI
$11.5B
| $7.59M | 0.01% |
219,974
-88,883
| -29% | -$3.08M |
|
1425
Procter & Gamble
PG
$338B
| $7.58M | 0.01% |
83,257
-59,834
| -42% | -$5.45M |
|
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Israel Englander's Q3 2017 Portfolio in Review
As of Q3 2017, Israel Englander held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Israel Englander deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Israel Englander's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Israel Englander added most to Salesforce in Q3 2017, an estimated $208M increase.
- Israel Englander's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Israel Englander fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Israel Englander opened 794 new positions and closed 737 in Q3 2017.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.