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 | |
|---|---|---|---|---|---|---|
1701
Hudbay
HBM
$13.4B
| $4.78M | 0.01% |
641,524
+540,235
| +533% | +$4.07M |
|
1702
Alpha and Omega Semiconductor
AOSL
$800M
| $4.77M | 0.01% |
289,298
+107,299
| +59% | +$1.76M |
|
1703
CALL
Bunge Global
BG
$21.8B
| $4.75M | 0.01% |
68,400
+18,400
| +37% | +$1.39M |
|
1704
PUT
iShares US Home Construction ETF
ITB
$2.28B
| $4.75M | 0.01% |
+130,000
| New | +$4.47M |
|
|
SONC
1705
DELISTED
Sonic Corp
SONC
| $4.72M | 0.01% |
185,631
+85,056
| +85% | +$2.07M |
|
1706
Lexicon Pharmaceuticals
LXRX
$1.02B
| $4.72M | 0.01% |
383,871
-308,964
| -45% | -$4.56M |
|
1707
Planet Fitness
PLNT
$4.02B
| $4.72M | 0.01% |
174,881
-94,347
| -35% | -$2.29M |
|
|
ANSS
1708
DELISTED
Ansys
ANSS
| $4.71M | 0.01% |
38,344
-189,007
| -83% | -$23.7M |
|
1709
Bloomin' Brands
BLMN
$953M
| $4.7M | 0.01% |
267,049
+235,850
| +756% | +$4.3M |
|
|
AVNS
1710
DELISTED
Avanos Medical
AVNS
| $4.68M | 0.01% |
103,840
+66,231
| +176% | +$2.83M |
|
1711
Loews
L
$22.8B
| $4.67M | 0.01% |
97,591
+34,160
| +54% | +$1.63M |
|
|
STRP
1712
DELISTED
Straight Path Communications Inc.
STRP
| $4.67M | 0.01% |
25,842
-93,996
| -78% | -$16.9M |
|
1713
BlackLine
BL
$1.8B
| $4.66M | 0.01% |
136,630
+123,830
| +967% | +$4.19M |
|
1714
Aflac
AFL
$58.8B
| $4.66M | 0.01% |
114,410
-30,776
| -21% | -$1.24M |
|
|
TXNM
1715
TXNM Energy Inc
TXNM
$5.92B
| $4.65M | 0.01% |
115,460
+35,055
| +44% | +$1.43M |
|
1716
Macerich
MAC
$6.91B
| $4.65M | 0.01% |
84,601
-150,112
| -64% | -$8.41M |
|
1717
Fortuna Silver Mines
FSM
$3.66B
| $4.65M | 0.01% |
1,061,186
-105,818
| -9% | -$496K |
|
1718
Cisco
CSCO
$441B
| $4.65M | 0.01% |
138,190
+44,108
| +47% | +$1.4M |
|
|
CVRR
1719
CALL
DELISTED
CVR Refining, LP
CVRR
| $4.65M | 0.01% |
+471,700
| New | +$3.99M |
|
1720
Tredegar Corp
TG
$270M
| $4.61M | 0.01% |
256,220
+235,747
| +1,152% | +$3.83M |
|
1721
Ultragenyx Pharmaceutical
RARE
$2.59B
| $4.61M | 0.01% |
+86,520
| New | +$5.13M |
|
1722
Yum! Brands
YUM
$42.3B
| $4.6M | 0.01% |
62,475
-1,097,478
| -95% | -$82.6M |
|
1723
Idacorp
IDA
$7.97B
| $4.6M | 0.01% |
52,294
-5,540
| -10% | -$485K |
|
1724
O-I Glass
OI
$1.15B
| $4.59M | 0.01% |
182,460
-746,659
| -80% | -$18.1M |
|
1725
CALL
Phillips 66
PSX
$96B
| $4.58M | 0.01% |
50,000
-50,000
| -50% | -$4.24M |
|
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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.