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 | |
|---|---|---|---|---|---|---|
151
Regeneron Pharmaceuticals
REGN
$85.9B
| $90.4M | 0.14% |
202,090
+189,365
| +1,488% | +$90.1M |
|
152
Quanta Services
PWR
$96.1B
| $90.3M | 0.14% |
2,417,614
-127,951
| -5% | -$4.49M |
|
|
TPH
153
DELISTED
Tri Pointe Homes
TPH
| $88.9M | 0.14% |
6,436,162
-40,859
| -0.6% | -$543K |
|
|
UFS
154
DELISTED
DOMTAR CORPORATION (New)
UFS
| $88.9M | 0.14% |
2,048,135
+705,921
| +53% | +$28.1M |
|
155
Knight Transportation
KNX
$11.7B
| $88.1M | 0.13% |
+2,121,380
| New | +$80.4M |
|
156
RH
RH
$2.9B
| $88M | 0.13% |
1,250,884
+1,165,044
| +1,357% | +$73.1M |
|
157
Pfizer
PFE
$160B
| $87.7M | 0.13% |
2,589,988
+1,804,893
| +230% | +$58M |
|
|
MRC
158
DELISTED
MRC Global
MRC
| $87.3M | 0.13% |
4,993,259
+799,995
| +19% | +$13.1M |
|
|
LLL
159
DELISTED
L3 Technologies, Inc.
LLL
| $87.3M | 0.13% |
463,091
+48,031
| +12% | +$8.62M |
|
|
BRSL
160
Brightstar Lottery PLC
BRSL
$2.21B
| $87M | 0.13% |
3,545,626
+2,242,490
| +172% | +$45.8M |
|
161
ON Semiconductor
ON
$28.9B
| $87M | 0.13% |
4,710,542
+1,520,703
| +48% | +$24.5M |
|
162
PUT
Alibaba
BABA
$286B
| $86.4M | 0.13% |
500,000
+200,000
| +67% | +$32.4M |
|
|
EGN
163
DELISTED
Energen
EGN
| $86M | 0.13% |
1,573,034
-145,513
| -8% | -$7.41M |
|
|
COHR
164
DELISTED
Coherent Inc
COHR
| $85.9M | 0.13% |
365,403
+50,016
| +16% | +$12.1M |
|
|
STAY
165
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $85.8M | 0.13% |
4,288,127
+664,804
| +18% | +$12.9M |
|
166
Exelon
EXC
$45.1B
| $85.4M | 0.13% |
3,177,182
-188,417
| -6% | -$5.04M |
|
|
MXIM
167
DELISTED
Maxim Integrated Products
MXIM
| $85.3M | 0.13% |
1,788,842
-584,403
| -25% | -$26.8M |
|
168
Verizon
VZ
$205B
| $84.7M | 0.13% |
1,710,841
+753,109
| +79% | +$35.4M |
|
169
Owens Corning
OC
$11.7B
| $84.2M | 0.13% |
1,088,539
+213,688
| +24% | +$14.9M |
|
|
PACW
170
DELISTED
PacWest Bancorp
PACW
| $83.3M | 0.13% |
1,649,713
+1,142,411
| +225% | +$53.4M |
|
|
INXN
171
DELISTED
Interxion Holding N.V.
INXN
| $83.1M | 0.13% |
1,630,964
-188,196
| -10% | -$9.19M |
|
|
PRMW
172
DELISTED
Primo Water Corporation
PRMW
| $82.2M | 0.13% |
5,478,099
+2,287,671
| +72% | +$34.6M |
|
173
Philip Morris
PM
$293B
| $82.2M | 0.13% |
740,680
+720,812
| +3,628% | +$83.9M |
|
174
Ross Stores
ROST
$76.7B
| $81.9M | 0.12% |
1,268,654
-143,608
| -10% | -$8.26M |
|
|
HPP
175
Hudson Pacific Properties
HPP
$787M
| $81.8M | 0.12% |
348,523
+156,118
| +81% | +$35.5M |
|
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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.