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 | |
|---|---|---|---|---|---|---|
1476
Kimco Realty
KIM
$16.1B
| $6.96M | 0.01% |
355,945
-581,086
| -62% | -$11.4M |
|
1477
WisdomTree
WT
$3.66B
| $6.92M | 0.01% |
680,024
-2,805,873
| -80% | -$27.1M |
|
1478
Rigel Pharmaceuticals
RIGL
$873M
| $6.91M | 0.01% |
271,992
-220,026
| -45% | -$5.35M |
|
1479
Columbus McKinnon
CMCO
$513M
| $6.89M | 0.01% |
182,040
+131,273
| +259% | +$4.01M |
|
1480
Hershey
HSY
$37.6B
| $6.87M | 0.01% |
62,937
-63,707
| -50% | -$6.79M |
|
|
BRS
1481
DELISTED
Bristow Group, Inc.
BRS
| $6.87M | 0.01% |
734,474
+724,077
| +6,964% | +$5.9M |
|
1482
Rogers Corp
ROG
$2.23B
| $6.86M | 0.01% |
51,475
+47,861
| +1,324% | +$5.67M |
|
1483
Chemed
CHE
$7.11B
| $6.86M | 0.01% |
33,937
+25,472
| +301% | +$5.01M |
|
|
QEP
1484
PUT
DELISTED
QEP RESOURCES, INC.
QEP
| $6.86M | 0.01% |
+800,000
| New | +$6.54M |
|
1485
Ulta Beauty
ULTA
$23.1B
| $6.86M | 0.01% |
30,323
-234
| -0.8% | -$56.3K |
|
1486
ScottsMiracle-Gro
SMG
$3.65B
| $6.85M | 0.01% |
70,413
+63,609
| +935% | +$6.03M |
|
|
MODN
1487
DELISTED
MODEL N, INC.
MODN
| $6.84M | 0.01% |
457,545
+259,088
| +131% | +$3.46M |
|
|
ACTA
1488
DELISTED
Actua Corp
ACTA
| $6.83M | 0.01% |
446,163
+74,172
| +20% | +$976K |
|
1489
iShares Core S&P 500 ETF
IVV
$894B
| $6.81M | 0.01% |
26,938
-174,244
| -87% | -$43.3M |
|
|
AERI
1490
CALL
DELISTED
Aerie Pharmaceuticals
AERI
| $6.8M | 0.01% |
+140,000
| New | +$7.64M |
|
|
BREW
1491
DELISTED
Craft Brew Alliance, Inc.
BREW
| $6.8M | 0.01% |
387,354
+317,466
| +454% | +$5.63M |
|
|
DST
1492
DELISTED
DST Systems Inc.
DST
| $6.8M | 0.01% |
123,852
+53,398
| +76% | +$2.92M |
|
|
NGHC
1493
DELISTED
National General Holdings Corp
NGHC
| $6.79M | 0.01% |
355,419
+61,520
| +21% | +$1.17M |
|
|
AHL
1494
DELISTED
ASPEN Insurance Holding Limited
AHL
| $6.79M | 0.01% |
168,035
-318,420
| -65% | -$14.7M |
|
1495
Penske Automotive Group
PAG
$14.4B
| $6.78M | 0.01% |
142,476
+100,930
| +243% | +$4.36M |
|
1496
Agree Realty
ADC
$9.24B
| $6.78M | 0.01% |
138,084
+27,980
| +25% | +$1.37M |
|
1497
Newell Brands
NWL
$2.53B
| $6.77M | 0.01% |
+158,761
| New | +$7.76M |
|
|
CVG
1498
DELISTED
Convergys
CVG
| $6.77M | 0.01% |
261,392
-62,733
| -19% | -$1.51M |
|
1499
East-West Bancorp
EWBC
$17.7B
| $6.76M | 0.01% |
+113,094
| New | +$6.42M |
|
1500
CALL
Ecolab
ECL
$81.2B
| $6.75M | 0.01% |
+52,500
| New | +$6.9M |
|
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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.