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 | |
|---|---|---|---|---|---|---|
|
TRQ
1526
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $6.47M | 0.01% |
208,603
+66,383
| +47% | +$2.05M |
|
1527
WEC Energy
WEC
$34.8B
| $6.46M | 0.01% |
102,827
-244,323
| -70% | -$15.6M |
|
|
AGU
1528
DELISTED
Agrium
AGU
| $6.45M | 0.01% |
+60,139
| New | +$6M |
|
1529
Mitek Systems
MITK
$813M
| $6.44M | 0.01% |
677,574
+509,444
| +303% | +$4.98M |
|
1530
Huntington Ingalls Industries
HII
$11.5B
| $6.42M | 0.01% |
28,361
-12,132
| -30% | -$2.53M |
|
|
ZVO
1531
DELISTED
Zovio Inc. Common Stock
ZVO
| $6.41M | 0.01% |
+667,786
| New | +$6.94M |
|
1532
NCS Multistage Holdings
NCSM
$128M
| $6.4M | 0.01% |
13,297
-14,440
| -52% | -$6.32M |
|
1533
Vanguard S&P 500 ETF
VOO
$1.02T
| $6.38M | 0.01% |
27,668
-6,890
| -20% | -$1.56M |
|
|
CHA
1534
DELISTED
China Telecom Corporation, LTD
CHA
| $6.32M | 0.01% |
123,596
+34,419
| +39% | +$1.69M |
|
|
EGL
1535
DELISTED
Engility Holdings, Inc.
EGL
| $6.31M | 0.01% |
182,006
-31,251
| -15% | -$951K |
|
|
QUOT
1536
DELISTED
Quotient Technology Inc
QUOT
| $6.27M | 0.01% |
400,703
+182,791
| +84% | +$2.52M |
|
1537
Adeia
ADEA
$2.99B
| $6.26M | 0.01% |
+935,754
| New | +$6.89M |
|
|
CSOD
1538
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $6.24M | 0.01% |
153,705
-39,951
| -21% | -$1.48M |
|
1539
SEACOR Marine Holdings
SMHI
$263M
| $6.22M | 0.01% |
397,474
-12,251
| -3% | -$178K |
|
1540
Independent Bank Corp
IBCP
$815M
| $6.21M | 0.01% |
274,272
+88,285
| +47% | +$1.85M |
|
|
SHLO
1541
DELISTED
Shiloh Industries Inc
SHLO
| $6.21M | 0.01% |
597,134
+572,654
| +2,339% | +$5.12M |
|
1542
Lakeland Financial Corp
LKFN
$1.48B
| $6.19M | 0.01% |
127,091
+98,489
| +344% | +$4.45M |
|
|
KITE
1543
DELISTED
Kite Pharma, Inc.
KITE
| $6.18M | 0.01% |
+34,394
| New | +$4.79M |
|
1544
CALL
Autoliv
ALV
$9.08B
| $6.18M | 0.01% |
+69,400
| New | +$5.63M |
|
1545
PNC Financial Services
PNC
$97.4B
| $6.18M | 0.01% |
45,829
-197,936
| -81% | -$25.4M |
|
1546
Aegon
AEG
$13.6B
| $6.17M | 0.01% |
1,310,174
+1,226,964
| +1,475% | +$5.56M |
|
|
WMGI
1547
DELISTED
Wright Medical Group Inc
WMGI
| $6.16M | 0.01% |
238,215
-18,086
| -7% | -$498K |
|
1548
PUT
Myriad Genetics
MYGN
$305M
| $6.15M | 0.01% |
+170,000
| New | +$4.85M |
|
1549
W&T Offshore
WTI
$543M
| $6.14M | 0.01% |
+2,013,898
| New | +$4.26M |
|
1550
Corbus Pharmaceuticals
CRBP
$219M
| $6.14M | 0.01% |
28,632
+5,316
| +23% | +$1.04M |
|
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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.