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 | |
|---|---|---|---|---|---|---|
|
NUVA
1551
CALL
DELISTED
NuVasive, Inc.
NUVA
| $7.02M | 0.01% |
120,000
+100,000
| +500% | +$5.67M |
|
|
MDCO
1552
DELISTED
Medicines Co
MDCO
| $7.01M | 0.01% |
256,352
+180,949
| +240% | +$5.57M |
|
|
XOMA
1553
DELISTED
Xoma
XOMA
| $7M | 0.01% |
196,759
+183,683
| +1,405% | +$4.98M |
|
1554
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $6.99M | 0.01% |
184,185
-59,865
| -25% | -$2.21M |
|
|
TOWR
1555
DELISTED
Tower International, Inc.
TOWR
| $6.99M | 0.01% |
228,774
+28,931
| +14% | +$874K |
|
|
LDL
1556
DELISTED
Lydall, Inc.
LDL
| $6.99M | 0.01% |
137,683
+73,264
| +114% | +$4.01M |
|
1557
Baxter International
BAX
$13.6B
| $6.97M | 0.01% |
107,862
-279,533
| -72% | -$17.9M |
|
|
MEET
1558
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $6.97M | 0.01% |
+2,471,366
| New | +$7.35M |
|
1559
SLR Investment Corp
SLRC
$687M
| $6.97M | 0.01% |
344,680
+249,906
| +264% | +$5.32M |
|
|
WBT
1560
DELISTED
Welbilt, Inc.
WBT
| $6.95M | 0.01% |
295,763
-271,672
| -48% | -$5.99M |
|
1561
Barrett Business Services
BBSI
$819M
| $6.93M | 0.01% |
429,700
+207,128
| +93% | +$3.23M |
|
|
AVDL
1562
DELISTED
Avadel Pharmaceuticals
AVDL
| $6.92M | 0.01% |
844,400
+178,200
| +27% | +$1.67M |
|
|
EVHC
1563
CALL
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $6.91M | 0.01% |
+200,000
| New | +$6.99M |
|
|
LBRDK
1564
DELISTED
Liberty Broadband Class C
LBRDK
| $6.91M | 0.01% |
+81,114
| New | +$7.22M |
|
1565
BorgWarner
BWA
$13.3B
| $6.91M | 0.01% |
153,584
-22,494
| -13% | -$1.04M |
|
1566
CALL
NetEase
NTES
$82.5B
| $6.9M | 0.01% |
+100,000
| New | +$6.25M |
|
|
BREW
1567
DELISTED
Craft Brew Alliance, Inc.
BREW
| $6.88M | 0.01% |
358,341
-29,013
| -7% | -$544K |
|
1568
Radware
RDWR
$1.17B
| $6.87M | 0.01% |
354,307
+220,195
| +164% | +$4.18M |
|
1569
Golub Capital BDC
GBDC
$3.4B
| $6.87M | 0.01% |
385,586
-51,471
| -12% | -$952K |
|
1570
First Commonwealth Financial
FCF
$2.09B
| $6.86M | 0.01% |
479,128
-90,046
| -16% | -$1.3M |
|
1571
Trupanion
TRUP
$1.4B
| $6.85M | 0.01% |
+234,075
| New | +$6.88M |
|
|
AGU
1572
DELISTED
Agrium
AGU
| $6.83M | 0.01% |
59,407
-732
| -1% | -$79.4K |
|
1573
PUT
Range Resources
RRC
$9.58B
| $6.82M | 0.01% |
400,000
| – | – |
|
1574
Domino's
DPZ
$11.6B
| $6.82M | 0.01% |
+36,108
| New | +$6.69M |
|
|
PFC
1575
DELISTED
Premier Financial Corp. Common Stock
PFC
| $6.79M | 0.01% |
261,440
+5,126
| +2% | +$138K |
|
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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.