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 |
AABA
Altaba Inc
AABA
|
+$862M |
| 2 |
EA
Electronic Arts
EA
|
+$196M |
| 3 |
Bank of America
BAC
|
+$187M |
| 4 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$183M |
| 5 |
Regions Financial
RF
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$290M |
| 2 |
Huntsman Corp
HUN
|
+$181M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$164M |
| 4 |
Targa Resources
TRGP
|
+$154M |
| 5 |
Fortive
FTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Financials | 12.22% |
| 3 | Technology | 12.2% |
| 4 | Industrials | 9.84% |
| 5 | Consumer Discretionary | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1676
Center Bancorp
CNOB
$1.61B
| $3.9M | 0.01% |
172,909
+109,784
| +174% | +$2.5M |
|
1677
CALL
Myriad Genetics
MYGN
$305M
| $3.88M | 0.01% |
+150,000
| New | +$3.18M |
|
|
PGEM
1678
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $3.87M | 0.01% |
215,502
-115,908
| -35% | -$2.08M |
|
|
TRST
1679
Trustco Bank Corp NY
TRST
$969M
| $3.85M | 0.01% |
99,369
+39,819
| +67% | +$1.54M |
|
1680
Seagate
STX
$186B
| $3.85M | 0.01% |
99,312
-763,491
| -88% | -$33.3M |
|
1681
W.R. Berkley
WRB
$25.4B
| $3.85M | 0.01% |
+187,589
| New | +$3.8M |
|
1682
TTEC Holdings
TTEC
$69M
| $3.84M | 0.01% |
+94,223
| New | +$3.42M |
|
|
IDTI
1683
DELISTED
Integrated Device Technology I
IDTI
| $3.84M | 0.01% |
148,828
+132,895
| +834% | +$3.23M |
|
1684
Blackrock
BLK
$182B
| $3.81M | 0.01% |
9,026
-112,187
| -93% | -$44.7M |
|
1685
Provident Financial Services
PFS
$3.06B
| $3.81M | 0.01% |
150,199
-80,516
| -35% | -$2M |
|
|
ANH
1686
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $3.81M | 0.01% |
634,199
+212,922
| +51% | +$1.26M |
|
|
BLUE
1687
DELISTED
bluebird bio
BLUE
| $3.8M | 0.01% |
+2,790
| New | +$3.37M |
|
|
ELP
1688
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $3.79M | 0.01% |
1,291,418
+1,203,168
| +1,363% | +$4.16M |
|
1689
OFS Capital
OFS
$48.9M
| $3.79M | 0.01% |
265,022
+234,281
| +762% | +$3.33M |
|
1690
TriNet
TNET
$3.2B
| $3.77M | 0.01% |
115,218
-167,392
| -59% | -$5.11M |
|
|
XIFR
1691
XPLR Infrastructure LP
XIFR
$1.1B
| $3.77M | 0.01% |
101,920
-351,738
| -78% | -$12.1M |
|
1692
Rayonier
RYN
$6.32B
| $3.77M | 0.01% |
144,405
-586,381
| -80% | -$15.1M |
|
|
TRQ
1693
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $3.77M | 0.01% |
142,220
-75,092
| -35% | -$2.03M |
|
1694
Hooker Furnishings Corp
HOFT
$148M
| $3.77M | 0.01% |
91,554
-9,321
| -9% | -$386K |
|
|
IVTY
1695
DELISTED
Invuity, Inc
IVTY
| $3.77M | 0.01% |
519,509
+480,060
| +1,217% | +$3.73M |
|
1696
Pultegroup
PHM
$24.9B
| $3.75M | 0.01% |
152,996
-111,055
| -42% | -$2.59M |
|
|
ORC
1697
Orchid Island Capital
ORC
$1.34B
| $3.75M | 0.01% |
+76,110
| New | +$3.93M |
|
1698
PUT
Intuitive Surgical
ISRG
$131B
| $3.74M | 0.01% |
+36,000
| New | +$3.46M |
|
1699
WIX.com
WIX
$3.6B
| $3.74M | 0.01% |
+53,744
| New | +$4.02M |
|
|
LEXEA
1700
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $3.73M | 0.01% |
69,091
+42,890
| +164% | +$2.16M |
|
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Israel Englander's Q2 2017 Portfolio in Review
As of Q2 2017, Israel Englander held 4,244 positions worth $56.1B, up 2.7% from $54.6B the previous quarter. Its ten largest holdings account for 6.5% of the portfolio.
Israel Englander's Q2 2017 filing shows 803 new, 1,286 increased, 1,278 reduced and 840 closed positions. Its largest new stake was Altaba Inc: 15,840,905 shares worth $863M. The largest sale was American Electric Power, an estimated $290M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Technology.
- Israel Englander's largest Q2 2017 buy was Altaba Inc: 15,840,905 shares worth $863M.
- Israel Englander added most to Electronic Arts in Q2 2017, an estimated $196M increase.
- Israel Englander's biggest Q2 2017 reduction was American Electric Power, cutting an estimated $290M.
- Israel Englander fully exited GGP Inc. in Q2 2017, selling an estimated $125M.
- Israel Englander's ten largest holdings make up 6.5% of its $56.1B portfolio in Q2 2017.
- Israel Englander opened 803 new positions and closed 840 in Q2 2017.
- Israel Englander's portfolio value rose 2.7% quarter-over-quarter to $56.1B.
Based on Millennium Management's 13F filing for Q2 2017, filed 14 Aug 2017.