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 | |
|---|---|---|---|---|---|---|
|
AVB
126
DELISTED
AvalonBay Communities
AVB
| $103M | 0.16% |
577,563
+348,184
| +152% | +$65.2M |
|
127
Home Depot
HD
$335B
| $103M | 0.16% |
628,560
+402,021
| +177% | +$61.6M |
|
|
JNPR
128
DELISTED
Juniper Networks
JNPR
| $102M | 0.15% |
3,652,083
-1,043,612
| -22% | -$29.2M |
|
129
Perrigo
PRGO
$1.98B
| $101M | 0.15% |
1,197,515
+865,625
| +261% | +$67.3M |
|
130
Alexandria Real Estate Equities
ARE
$9.21B
| $101M | 0.15% |
848,105
+499,307
| +143% | +$60M |
|
|
SPR
131
DELISTED
Spirit AeroSystems
SPR
| $101M | 0.15% |
1,296,394
+959,631
| +285% | +$66.4M |
|
132
Waste Management
WM
$89.6B
| $101M | 0.15% |
1,284,959
+242,605
| +23% | +$18.4M |
|
133
Voya Financial
VOYA
$8.86B
| $100M | 0.15% |
2,513,020
+2,160,431
| +613% | +$82.7M |
|
134
Gaming and Leisure Properties
GLPI
$12.7B
| $99.4M | 0.15% |
2,693,940
+1,073,238
| +66% | +$40.5M |
|
135
PACCAR
PCAR
$69B
| $97.8M | 0.15% |
2,026,973
+443,600
| +28% | +$20M |
|
136
Hubbell
HUBB
$24.8B
| $94.5M | 0.14% |
814,774
-40,392
| -5% | -$4.63M |
|
137
Las Vegas Sands
LVS
$30.5B
| $94.3M | 0.14% |
1,470,284
+1,379,751
| +1,524% | +$85.6M |
|
|
DRE
138
DELISTED
Duke Realty Corp.
DRE
| $94.3M | 0.14% |
3,271,390
+2,411,615
| +280% | +$69.4M |
|
139
Tyson Foods
TSN
$20.6B
| $93.9M | 0.14% |
1,333,140
+787,204
| +144% | +$50.3M |
|
140
American Airlines Group
AAL
$9.15B
| $93.8M | 0.14% |
1,975,146
+1,101,562
| +126% | +$53.3M |
|
141
Hartford Financial Services
HIG
$36.9B
| $93.7M | 0.14% |
1,690,942
+364,183
| +27% | +$19.8M |
|
142
JB Hunt Transport Services
JBHT
$25.9B
| $93.5M | 0.14% |
842,053
+796,504
| +1,749% | +$77.1M |
|
|
WPX
143
DELISTED
WPX Energy, Inc.
WPX
| $93.4M | 0.14% |
8,119,464
-6,566,781
| -45% | -$67.2M |
|
|
FDC
144
DELISTED
First Data Corporation
FDC
| $92.9M | 0.14% |
5,150,731
+2,843,210
| +123% | +$51.9M |
|
145
Sun Communities
SUI
$14.8B
| $92.7M | 0.14% |
1,081,401
+150,190
| +16% | +$13.3M |
|
146
Chord Energy
CHRD
$8.09B
| $92M | 0.14% |
10,082,966
-408,694
| -4% | -$3.2M |
|
|
LOGM
147
DELISTED
LogMein, Inc.
LOGM
| $91.6M | 0.14% |
832,550
+398,981
| +92% | +$44.7M |
|
148
Target
TGT
$75.1B
| $91.6M | 0.14% |
1,551,511
+1,184,631
| +323% | +$66.3M |
|
149
FNB Corp
FNB
$6.6B
| $91.5M | 0.14% |
6,524,367
-4,135,542
| -39% | -$55.2M |
|
150
Costco
COST
$420B
| $90.5M | 0.14% |
550,997
+530,567
| +2,597% | +$83.4M |
|
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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.