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 | |
|---|---|---|---|---|---|---|
|
EOCC
1651
DELISTED
Enel Generacion Chile S.A.
EOCC
| $6M | 0.01% |
222,837
+176,357
| +379% | +$4.61M |
|
1652
Beazer Homes USA
BZH
$884M
| $5.98M | 0.01% |
311,238
+31,391
| +11% | +$630K |
|
1653
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.1B
| $5.96M | 0.01% |
120,822
+66,024
| +120% | +$3.11M |
|
1654
Compañía de Cervecerías Unidas
CCU
$2.29B
| $5.95M | 0.01% |
201,138
+150,120
| +294% | +$4.11M |
|
1655
Monolithic Power Systems
MPWR
$64.1B
| $5.94M | 0.01% |
+52,831
| New | +$6.13M |
|
1656
Semtech
SMTC
$13.1B
| $5.92M | 0.01% |
173,049
-229,138
| -57% | -$8.58M |
|
1657
Chemed
CHE
$7.17B
| $5.9M | 0.01% |
24,290
-9,647
| -28% | -$2.19M |
|
1658
SLB Ltd
SLB
$79.5B
| $5.89M | 0.01% |
+87,451
| New | +$5.67M |
|
1659
Banco Santander
SAN
$214B
| $5.87M | 0.01% |
936,422
+741,880
| +381% | +$4.69M |
|
|
VRE
1660
DELISTED
Veris Residential
VRE
| $5.87M | 0.01% |
272,154
+157,576
| +138% | +$3.55M |
|
|
TOUR
1661
Tuniu
TOUR
$52.4M
| $5.87M | 0.01% |
76,496
+45,565
| +147% | +$3.56M |
|
|
IVC
1662
DELISTED
Invacare Corporation
IVC
| $5.86M | 0.01% |
347,888
+188,331
| +118% | +$3.06M |
|
1663
Akamai
AKAM
$15.5B
| $5.85M | 0.01% |
89,987
-215,574
| -71% | -$11.9M |
|
|
AAWW
1664
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $5.85M | 0.01% |
99,713
+9,131
| +10% | +$545K |
|
1665
Graphic Packaging
GPK
$3.39B
| $5.84M | 0.01% |
378,223
-1,540,352
| -80% | -$23.2M |
|
1666
Argan
AGX
$6.38B
| $5.82M | 0.01% |
129,420
+114,236
| +752% | +$6.8M |
|
|
NGHC
1667
DELISTED
National General Holdings Corp
NGHC
| $5.81M | 0.01% |
295,982
-59,437
| -17% | -$1.22M |
|
|
FPRX
1668
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $5.78M | 0.01% |
263,712
-89,151
| -25% | -$2.87M |
|
|
HMSY
1669
DELISTED
HMS Holdings Corp.
HMSY
| $5.78M | 0.01% |
+340,943
| New | +$5.97M |
|
1670
Oppenheimer Holdings
OPY
$1.24B
| $5.77M | 0.01% |
+215,203
| New | +$5.07M |
|
1671
General Mills
GIS
$21.4B
| $5.76M | 0.01% |
+97,171
| New | +$5.26M |
|
1672
CONMED
CNMD
$1.51B
| $5.76M | 0.01% |
+112,952
| New | +$5.88M |
|
1673
Ultragenyx Pharmaceutical
RARE
$2.61B
| $5.74M | 0.01% |
123,835
+37,315
| +43% | +$1.83M |
|
1674
iShares Russell 1000 ETF
IWB
$48.9B
| $5.74M | 0.01% |
38,609
+13,034
| +51% | +$1.89M |
|
|
JNPR
1675
DELISTED
Juniper Networks
JNPR
| $5.73M | 0.01% |
201,150
-3,450,933
| -94% | -$93.2M |
|
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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.