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 | |
|---|---|---|---|---|---|---|
1551
Lockheed Martin
LMT
$128B
| $6.14M | 0.01% |
19,786
-64,760
| -77% | -$19.3M |
|
|
AAT
1552
American Assets Trust
AAT
$1.42B
| $6.13M | 0.01% |
154,183
-193,722
| -56% | -$7.77M |
|
1553
The Bancorp
TBBK
$2.73B
| $6.13M | 0.01% |
+741,268
| New | +$5.75M |
|
1554
Everest Group
EG
$14.4B
| $6.12M | 0.01% |
26,786
-73,211
| -73% | -$18.5M |
|
1555
iShares 20+ Year Treasury Bond ETF
TLT
$47.1B
| $6.09M | 0.01% |
48,849
-11,203
| -19% | -$1.41M |
|
1556
Eagle Bancorp
EGBN
$844M
| $6.04M | 0.01% |
90,139
+37,886
| +73% | +$2.38M |
|
1557
Axogen
AXGN
$2.68B
| $6.04M | 0.01% |
312,235
-147,574
| -32% | -$2.48M |
|
1558
American Vanguard Corp
AVD
$66.1M
| $6.04M | 0.01% |
263,686
+91,346
| +53% | +$1.81M |
|
|
SWIR
1559
DELISTED
Sierra Wireless
SWIR
| $6.03M | 0.01% |
280,342
+261,803
| +1,412% | +$6.46M |
|
1560
Alnylam Pharmaceuticals
ALNY
$32.1B
| $6.01M | 0.01% |
+51,125
| New | +$4.36M |
|
1561
iShares MSCI Brazil ETF
EWZ
$8.23B
| $6M | 0.01% |
144,041
+136,541
| +1,821% | +$5.34M |
|
1562
Donnelley Financial Solutions
DFIN
$1.17B
| $6M | 0.01% |
278,430
+218,630
| +366% | +$4.73M |
|
|
VXX
1563
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $6M | 0.01% |
153,093
+132,327
| +637% | +$6.14M |
|
1564
Integer Holdings
ITGR
$4.26B
| $6M | 0.01% |
+117,282
| New | +$5.37M |
|
1565
DTE Energy
DTE
$28.3B
| $6M | 0.01% |
65,643
+54,074
| +467% | +$5.01M |
|
1566
CALL
Ford
F
$55.6B
| $5.99M | 0.01% |
+500,000
| New | +$5.64M |
|
|
PGRE
1567
DELISTED
Paramount Group
PGRE
| $5.98M | 0.01% |
+373,955
| New | +$5.94M |
|
1568
Center Bancorp
CNOB
$1.61B
| $5.98M | 0.01% |
243,082
+70,173
| +41% | +$1.59M |
|
|
GHL
1569
DELISTED
Greenhill & Co., Inc.
GHL
| $5.97M | 0.01% |
359,903
+153,046
| +74% | +$2.59M |
|
1570
Heron Therapeutics
HRTX
$61.3M
| $5.97M | 0.01% |
369,874
+201,097
| +119% | +$3.15M |
|
|
AAWW
1571
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $5.96M | 0.01% |
90,582
+68,897
| +318% | +$4.31M |
|
1572
NetEase
NTES
$82.5B
| $5.92M | 0.01% |
+112,185
| New | +$6.44M |
|
1573
First Financial Bancorp
FFBC
$3.43B
| $5.92M | 0.01% |
226,321
+2,290
| +1% | +$58.6K |
|
|
TRCO
1574
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $5.89M | 0.01% |
144,166
-239,003
| -62% | -$9.72M |
|
1575
VEON
VEON
$4.29B
| $5.89M | 0.01% |
56,341
-29,303
| -34% | -$2.99M |
|
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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.