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 | |
|---|---|---|---|---|---|---|
1601
UMB Financial
UMBF
$10.9B
| $5.69M | 0.01% |
76,338
-2,811
| -4% | -$197K |
|
|
IPXL
1602
DELISTED
Impax Laboratories, Inc.
IPXL
| $5.67M | 0.01% |
279,115
-156,854
| -36% | -$3M |
|
1603
Park Hotels & Resorts
PK
$3.26B
| $5.61M | 0.01% |
203,666
-199,587
| -49% | -$5.34M |
|
1604
Factset
FDS
$10.5B
| $5.61M | 0.01% |
+31,146
| New | +$5.08M |
|
1605
CALL
Jack in the Box
JACK
$320M
| $5.61M | 0.01% |
+55,000
| New | +$5.26M |
|
1606
CALL
Brunswick
BC
$5.21B
| $5.6M | 0.01% |
+100,000
| New | +$5.61M |
|
|
ENLC
1607
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $5.58M | 0.01% |
323,552
+196,275
| +154% | +$3.39M |
|
1608
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $5.58M | 0.01% |
143,714
+28,872
| +25% | +$1.12M |
|
|
VGR
1609
DELISTED
Vector Group Ltd.
VGR
| $5.58M | 0.01% |
423,594
-12,863
| -3% | -$167K |
|
1610
Johnson Outdoors
JOUT
$479M
| $5.57M | 0.01% |
76,070
+58,415
| +331% | +$3.41M |
|
1611
Vanguard Total International Bond ETF
BNDX
$83B
| $5.56M | 0.01% |
101,769
-21,551
| -17% | -$1.18M |
|
1612
Sibanye-Stillwater
SBSW
$8.87B
| $5.54M | 0.01% |
+1,318,619
| New | +$6.63M |
|
|
CNSL
1613
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $5.54M | 0.01% |
290,377
+79,853
| +38% | +$1.5M |
|
|
ANH
1614
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $5.54M | 0.01% |
921,234
+287,035
| +45% | +$1.74M |
|
|
ACET
1615
DELISTED
Aceto Corp
ACET
| $5.54M | 0.01% |
+493,008
| New | +$6.8M |
|
1616
State Street SPDR S&P Bank ETF
KBE
$1.69B
| $5.53M | 0.01% |
122,742
+114,913
| +1,468% | +$4.93M |
|
1617
Malibu Boats
MBUU
$579M
| $5.53M | 0.01% |
174,746
+10,022
| +6% | +$277K |
|
1618
Ezcorp Inc
EZPW
$2.16B
| $5.52M | 0.01% |
580,694
+196,888
| +51% | +$1.72M |
|
1619
Arrowhead Research
ARWR
$12.6B
| $5.51M | 0.01% |
1,272,138
-204,901
| -14% | -$488K |
|
1620
CALL
Edwards Lifesciences
EW
$52.4B
| $5.47M | 0.01% |
+150,000
| New | +$5.72M |
|
1621
BOK Financial
BOKF
$8.42B
| $5.45M | 0.01% |
61,224
+29,868
| +95% | +$2.49M |
|
|
FLOW
1622
DELISTED
SPX FLOW, Inc.
FLOW
| $5.44M | 0.01% |
141,019
-95,952
| -40% | -$3.39M |
|
|
TOWR
1623
DELISTED
Tower International, Inc.
TOWR
| $5.44M | 0.01% |
199,843
+8,562
| +4% | +$199K |
|
1624
NMI Holdings
NMIH
$3.41B
| $5.43M | 0.01% |
+437,900
| New | +$5.07M |
|
1625
CEVA Inc
CEVA
$762M
| $5.42M | 0.01% |
+126,680
| New | +$5.47M |
|
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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.