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 | |
|---|---|---|---|---|---|---|
126
Kilroy Realty
KRC
$4.25B
| $98.3M | 0.18% |
1,363,611
+590,634
| +76% | +$43.7M |
|
127
Delta Air Lines
DAL
$54.2B
| $98.2M | 0.18% |
2,137,621
-1,507,354
| -41% | -$73.6M |
|
|
XEC
128
DELISTED
CIMAREX ENERGY CO
XEC
| $98.1M | 0.18% |
821,035
+656,798
| +400% | +$85.2M |
|
129
Hubbell
HUBB
$24.8B
| $98M | 0.18% |
816,427
+226,130
| +38% | +$27.2M |
|
130
CME Group
CME
$98.9B
| $97.3M | 0.18% |
819,157
+533,179
| +186% | +$64.1M |
|
131
Flex
FLEX
$40.8B
| $96.9M | 0.18% |
7,654,452
+6,406,828
| +514% | +$76.7M |
|
132
Kimberly-Clark
KMB
$36.4B
| $96.8M | 0.18% |
735,285
+290,810
| +65% | +$36.7M |
|
|
MXIM
133
DELISTED
Maxim Integrated Products
MXIM
| $96.2M | 0.18% |
2,139,247
-1,452,264
| -40% | -$63.6M |
|
134
First Industrial Realty Trust
FR
$8.34B
| $95.8M | 0.18% |
3,598,188
+2,429,727
| +208% | +$65M |
|
|
ATVI
135
DELISTED
Activision Blizzard
ATVI
| $95.5M | 0.17% |
1,915,123
+1,567,496
| +451% | +$68.9M |
|
|
BIVV
136
DELISTED
Bioverativ Inc. Common Stock
BIVV
| $95.1M | 0.17% |
+1,746,489
| New | +$86M |
|
137
Oneok
OKE
$58.8B
| $94.9M | 0.17% |
1,712,505
+1,621,164
| +1,775% | +$89.2M |
|
138
PUT
Invesco QQQ Trust
QQQ
$486B
| $94.7M | 0.17% |
715,000
+615,000
| +615% | +$78.5M |
|
|
TWO
139
Two Harbors Investment
TWO
$1.27B
| $94.6M | 0.17% |
1,232,476
+506,035
| +70% | +$36.9M |
|
140
Alkermes
ALKS
$8.11B
| $94.5M | 0.17% |
1,615,088
-171,362
| -10% | -$9.72M |
|
141
Parker-Hannifin
PH
$126B
| $94.1M | 0.17% |
587,112
+145,348
| +33% | +$22.1M |
|
|
PXD
142
DELISTED
Pioneer Natural Resource Co.
PXD
| $94M | 0.17% |
504,872
+184,563
| +58% | +$34.2M |
|
|
WPX
143
DELISTED
WPX Energy, Inc.
WPX
| $93.4M | 0.17% |
6,977,403
+6,795,663
| +3,739% | +$90.7M |
|
|
MRSH
144
Marsh
MRSH
$91.6B
| $93.1M | 0.17% |
1,259,968
-24,155
| -2% | -$1.73M |
|
145
Charles River Laboratories
CRL
$14.1B
| $91.7M | 0.17% |
1,019,928
-165,743
| -14% | -$14.1M |
|
146
Post Holdings
POST
$3.65B
| $91.3M | 0.17% |
1,594,642
-286,315
| -15% | -$15.8M |
|
147
United Rentals
URI
$68.4B
| $91M | 0.17% |
+727,935
| New | +$88.6M |
|
148
Broadcom
AVGO
$1.75T
| $91M | 0.17% |
4,155,590
+1,450,210
| +54% | +$29.9M |
|
149
DuPont de Nemours
DD
$18.7B
| $90.3M | 0.17% |
561,158
+381,163
| +212% | +$59.2M |
|
150
Regency Centers
REG
$13.9B
| $89.7M | 0.16% |
1,351,510
+16,393
| +1% | +$1.12M |
|
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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.