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 | |
|---|---|---|---|---|---|---|
|
FLIR
151
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $104M | 0.14% |
2,230,146
+1,389,832
| +165% | +$63.5M |
|
152
Carter's
CRI
$1.31B
| $102M | 0.14% |
869,178
+530,306
| +156% | +$54.9M |
|
|
IMMU
153
DELISTED
Immunomedics Inc
IMMU
| $102M | 0.14% |
6,281,526
+3,376,764
| +116% | +$39.9M |
|
|
PRMW
154
DELISTED
Primo Water Corporation
PRMW
| $101M | 0.14% |
6,063,753
+585,654
| +11% | +$9.4M |
|
155
State Street
STT
$51.4B
| $101M | 0.14% |
1,034,357
+397,706
| +62% | +$38M |
|
156
IBM
IBM
$222B
| $101M | 0.14% |
687,942
+668,305
| +3,403% | +$97.2M |
|
|
SNV
157
DELISTED
Synovus
SNV
| $101M | 0.14% |
2,103,437
-1,896,070
| -47% | -$89.8M |
|
|
HSNI
158
DELISTED
HSN, Inc.
HSNI
| $100M | 0.14% |
2,488,523
+2,443,622
| +5,442% | +$96.6M |
|
159
Kraft Heinz
KHC
$30.3B
| $100M | 0.14% |
1,288,277
-2,084,901
| -62% | -$164M |
|
160
Estee Lauder
EL
$36.9B
| $98.4M | 0.14% |
773,422
+543,303
| +236% | +$65.3M |
|
161
Toll Brothers
TOL
$13.7B
| $98.2M | 0.14% |
2,045,499
+1,819,100
| +803% | +$83.7M |
|
|
DISH
162
DELISTED
DISH Network Corp.
DISH
| $97.9M | 0.14% |
2,049,369
+1,371,488
| +202% | +$68.4M |
|
163
Jack in the Box
JACK
$331M
| $97.6M | 0.13% |
994,440
+300,145
| +43% | +$30.5M |
|
164
Stanley Black & Decker
SWK
$15.1B
| $97.5M | 0.13% |
574,687
-272,618
| -32% | -$44.6M |
|
165
Elevance Health
ELV
$86.9B
| $97.4M | 0.13% |
432,664
+194,789
| +82% | +$41.5M |
|
166
PACCAR
PCAR
$69B
| $97.1M | 0.13% |
2,049,900
+22,927
| +1% | +$1.08M |
|
167
Alliant Energy
LNT
$17.6B
| $96.7M | 0.13% |
2,268,709
+372,726
| +20% | +$16.2M |
|
|
BERY
168
DELISTED
Berry Global Group, Inc.
BERY
| $96.2M | 0.13% |
1,785,032
+764,064
| +75% | +$41.6M |
|
|
BECN
169
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $95.6M | 0.13% |
1,499,118
-87,229
| -5% | -$5.01M |
|
170
Altria Group
MO
$110B
| $95.3M | 0.13% |
1,334,863
-583,185
| -30% | -$39.1M |
|
171
Invitation Homes
INVH
$17.9B
| $93.7M | 0.13% |
3,975,221
+1,628,057
| +69% | +$37.7M |
|
172
Chord Energy
CHRD
$8.09B
| $93.5M | 0.13% |
11,117,125
+1,034,159
| +10% | +$9.53M |
|
173
Patterson-UTI
PTEN
$4.71B
| $93.4M | 0.13% |
4,059,127
+3,480,569
| +602% | +$72.1M |
|
174
MSCI
MSCI
$41B
| $92.7M | 0.13% |
732,450
+185,742
| +34% | +$23.2M |
|
175
Edwards Lifesciences
EW
$51.8B
| $92.3M | 0.13% |
2,455,836
-1,563,282
| -39% | -$57.4M |
|
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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.