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 | |
|---|---|---|---|---|---|---|
1476
Cars.com
CARS
$661M
| $8.03M | 0.01% |
278,509
+63,191
| +29% | +$1.63M |
|
1477
Nike
NKE
$58.6B
| $8.02M | 0.01% |
128,150
-475,332
| -79% | -$27.3M |
|
1478
CALL
LivaNova
LIVN
$4.37B
| $7.99M | 0.01% |
+100,000
| New | +$7.94M |
|
1479
First Busey Corp
BUSE
$2.48B
| $7.97M | 0.01% |
266,245
+99,411
| +60% | +$3.09M |
|
1480
Cato Corp
CATO
$55.7M
| $7.95M | 0.01% |
499,540
-90,548
| -15% | -$1.31M |
|
1481
Enel Chile
ENIC
$6.32B
| $7.94M | 0.01% |
1,397,161
+593,235
| +74% | +$3.39M |
|
1482
Houlihan Lokey
HLI
$9.02B
| $7.91M | 0.01% |
174,171
-144,598
| -45% | -$6.19M |
|
|
GAP
1483
The Gap Inc
GAP
$7.25B
| $7.91M | 0.01% |
+232,269
| New | +$6.92M |
|
1484
Cincinnati Financial
CINF
$26.3B
| $7.87M | 0.01% |
104,912
+47,686
| +83% | +$3.55M |
|
|
AHT
1485
Ashford Hospitality Trust
AHT
$21.7M
| $7.85M | 0.01% |
1,180
+436
| +59% | +$2.89M |
|
1486
Kforce
KFRC
$1.03B
| $7.83M | 0.01% |
310,255
+66,858
| +27% | +$1.57M |
|
1487
Best Buy
BBY
$18B
| $7.82M | 0.01% |
114,272
+109,835
| +2,475% | +$6.5M |
|
1488
Evercore
EVR
$11.1B
| $7.82M | 0.01% |
86,907
+47,796
| +122% | +$3.99M |
|
1489
CEMIG Preferred Shares
CIG
$5.78B
| $7.8M | 0.01% |
7,425,665
-2,142,967
| -22% | -$2.43M |
|
1490
PUT
Transocean
RIG
$6.42B
| $7.79M | 0.01% |
748,000
-800,000
| -52% | -$8.31M |
|
|
INFO
1491
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $7.78M | 0.01% |
+172,322
| New | +$7.6M |
|
1492
CALL
AT&T
T
$177B
| $7.78M | 0.01% |
264,800
-132,400
| -33% | -$3.62M |
|
|
GOOD
1493
Gladstone Commercial Corp
GOOD
$635M
| $7.75M | 0.01% |
367,860
+333,482
| +970% | +$7.39M |
|
1494
Insperity
NSP
$2B
| $7.71M | 0.01% |
134,404
-539,276
| -80% | -$28.5M |
|
1495
Center Bancorp
CNOB
$1.61B
| $7.67M | 0.01% |
297,743
+54,661
| +22% | +$1.43M |
|
|
SWIR
1496
DELISTED
Sierra Wireless
SWIR
| $7.67M | 0.01% |
374,827
+94,485
| +34% | +$2.01M |
|
|
SHLM
1497
DELISTED
Schulman (A.) Inc
SHLM
| $7.66M | 0.01% |
205,644
+167,444
| +438% | +$6.23M |
|
1498
PUT
Goldman Sachs
GS
$308B
| $7.64M | 0.01% |
+30,000
| New | +$7.36M |
|
|
DISH
1499
CALL
DELISTED
DISH Network Corp.
DISH
| $7.64M | 0.01% |
160,000
| – | – |
|
1500
iShares Core US Aggregate Bond ETF
AGG
$139B
| $7.63M | 0.01% |
69,767
-25,455
| -27% | -$2.78M |
|
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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.