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 | |
|---|---|---|---|---|---|---|
1501
DNOW Inc
DNOW
$2.85B
| $6.74M | 0.01% |
487,822
-466,704
| -49% | -$6.36M |
|
|
PFC
1502
DELISTED
Premier Financial Corp. Common Stock
PFC
| $6.73M | 0.01% |
+256,314
| New | +$6.46M |
|
|
PBCT
1503
DELISTED
People's United Financial Inc
PBCT
| $6.71M | 0.01% |
369,855
-326,754
| -47% | -$5.64M |
|
1504
Aon
AON
$75.3B
| $6.7M | 0.01% |
45,829
+18,965
| +71% | +$2.65M |
|
|
ONCE
1505
PUT
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $6.69M | 0.01% |
75,000
+18,900
| +34% | +$1.44M |
|
|
WPG
1506
DELISTED
Washington Prime Group Inc.
WPG
| $6.69M | 0.01% |
89,184
+87,100
| +4,179% | +$6.76M |
|
1507
Hanmi Financial
HAFC
$918M
| $6.68M | 0.01% |
215,801
+112,004
| +108% | +$3.13M |
|
|
PERY
1508
DELISTED
Perry Ellis International Inc
PERY
| $6.65M | 0.01% |
281,169
+235,071
| +510% | +$4.77M |
|
1509
Veracyte
VCYT
$3.54B
| $6.64M | 0.01% |
757,681
+174,909
| +30% | +$1.42M |
|
1510
Koppers
KOP
$872M
| $6.64M | 0.01% |
143,948
+56,005
| +64% | +$2.18M |
|
|
SYNH
1511
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $6.62M | 0.01% |
126,582
-317,367
| -71% | -$17.7M |
|
1512
State Street Technology Select Sector SPDR ETF
XLK
$119B
| $6.6M | 0.01% |
223,480
-242,632
| -52% | -$6.99M |
|
1513
QCR Holdings
QCRH
$1.64B
| $6.59M | 0.01% |
144,907
+114,194
| +372% | +$5.15M |
|
1514
Coherent
COHR
$56.4B
| $6.58M | 0.01% |
160,004
-18,029
| -10% | -$672K |
|
1515
Huron Consulting
HURN
$2.53B
| $6.54M | 0.01% |
+190,801
| New | +$6.74M |
|
1516
Pampa Energía
PAM
$4.28B
| $6.54M | 0.01% |
100,494
+8,305
| +9% | +$487K |
|
|
MNK
1517
CALL
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $6.54M | 0.01% |
175,000
+50,000
| +40% | +$1.99M |
|
1518
CALL
Methanex
MEOH
$4.42B
| $6.54M | 0.01% |
130,000
+70,000
| +117% | +$3.3M |
|
|
BV
1519
DELISTED
Bazaarvoice, Inc.
BV
| $6.53M | 0.01% |
1,319,084
-35,594
| -3% | -$169K |
|
|
AKS
1520
DELISTED
AK Steel Holding Corp
AKS
| $6.5M | 0.01% |
1,163,585
-85,676
| -7% | -$490K |
|
|
AYX
1521
DELISTED
Alteryx Inc
AYX
| $6.49M | 0.01% |
318,607
+300,278
| +1,638% | +$6.36M |
|
1522
National Grid
NGG
$81.6B
| $6.49M | 0.01% |
116,998
-195,193
| -63% | -$10.9M |
|
|
GTS
1523
DELISTED
Triple-S Management Corporation
GTS
| $6.48M | 0.01% |
+287,708
| New | +$5.61M |
|
1524
CACI
CACI
$13.5B
| $6.48M | 0.01% |
46,472
-13,511
| -23% | -$1.74M |
|
1525
COPT Defense Properties
CDP
$4.26B
| $6.47M | 0.01% |
+197,243
| New | +$6.58M |
|
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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.