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 | |
|---|---|---|---|---|---|---|
151
Gartner
IT
$12.4B
| $82.9M | 0.15% |
671,202
+70,362
| +12% | +$8.17M |
|
152
XPO
XPO
$23.2B
| $82.9M | 0.15% |
3,708,334
-1,465,327
| -28% | -$27.4M |
|
153
F5
FFIV
$21.8B
| $82.6M | 0.15% |
650,081
+260,264
| +67% | +$34.1M |
|
|
SRCL
154
DELISTED
Stericycle Inc
SRCL
| $82.4M | 0.15% |
1,079,314
+467,413
| +76% | +$38.4M |
|
|
XEC
155
DELISTED
CIMAREX ENERGY CO
XEC
| $82.1M | 0.15% |
873,745
+52,710
| +6% | +$5.81M |
|
156
Air Products & Chemicals
APD
$67.9B
| $81.7M | 0.15% |
570,815
+115,815
| +25% | +$16.5M |
|
157
Sun Communities
SUI
$14.8B
| $81.7M | 0.15% |
931,211
+125,424
| +16% | +$10.8M |
|
158
Ross Stores
ROST
$76.7B
| $81.5M | 0.15% |
1,412,262
+866,278
| +159% | +$54.1M |
|
159
Ameriprise Financial
AMP
$49.1B
| $81.2M | 0.14% |
637,735
+511,642
| +406% | +$65M |
|
|
CTRA
160
DELISTED
Coterra Energy
CTRA
| $81M | 0.14% |
3,229,849
-221,864
| -6% | -$5.24M |
|
161
Altria Group
MO
$110B
| $80.4M | 0.14% |
1,080,267
-1,374,774
| -56% | -$101M |
|
162
FedEx
FDX
$76.9B
| $80.4M | 0.14% |
370,054
+117,884
| +47% | +$23.3M |
|
163
BioMarin Pharmaceuticals
BMRN
$12.9B
| $80.4M | 0.14% |
884,994
+882,017
| +29,628% | +$80.2M |
|
164
NNN REIT
NNN
$8.8B
| $80.2M | 0.14% |
2,051,489
+1,701,698
| +486% | +$68.8M |
|
165
Parker-Hannifin
PH
$126B
| $80M | 0.14% |
500,740
-86,372
| -15% | -$13.7M |
|
|
FL
166
DELISTED
Foot Locker
FL
| $79.3M | 0.14% |
1,609,280
+1,225,835
| +320% | +$79.5M |
|
167
Zimmer Biomet
ZBH
$19.3B
| $79.3M | 0.14% |
635,912
+77,482
| +14% | +$9.19M |
|
168
CSX Corp
CSX
$95.6B
| $79M | 0.14% |
4,342,569
-4,656,546
| -52% | -$79.8M |
|
169
PepsiCo
PEP
$196B
| $78.7M | 0.14% |
681,337
-101,749
| -13% | -$11.7M |
|
170
Deere & Co
DE
$175B
| $78M | 0.14% |
630,902
+624,326
| +9,494% | +$73.3M |
|
|
PARA
171
DELISTED
Paramount Global Class B
PARA
| $77.3M | 0.14% |
1,212,375
+1,062,701
| +710% | +$68M |
|
172
Trane Technologies
TT
$99.8B
| $76.5M | 0.14% |
837,390
+698,432
| +503% | +$61.3M |
|
173
Waste Management
WM
$89.6B
| $76.5M | 0.14% |
1,042,354
-435,534
| -29% | -$31.7M |
|
|
DOC
174
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $76.3M | 0.14% |
3,787,682
+2,840,254
| +300% | +$57.7M |
|
175
Oneok
OKE
$58.8B
| $76.3M | 0.14% |
1,462,047
-250,458
| -15% | -$13M |
|
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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.