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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.61% |
| 2 | Technology | 11.6% |
| 3 | Healthcare | 11.38% |
| 4 | Energy | 10.68% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
Lesaka Technologies
LSAK
$395M
| $3.2M | 0.01% |
261,660
-135,725
| -34% | -$1.7M |
|
1727
Mercer International
MERC
$31.9M
| $3.19M | 0.01% |
+272,724
| New | +$3.21M |
|
|
CNCE
1728
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $3.19M | 0.01% |
186,800
-46,096
| -20% | -$553K |
|
1729
Orion
OEC
$349M
| $3.18M | 0.01% |
155,191
+92,107
| +146% | +$1.89M |
|
1730
TD Synnex
SNX
$20.8B
| $3.17M | 0.01% |
56,720
+32,480
| +134% | +$1.93M |
|
1731
Safety Insurance
SAFT
$1.52B
| $3.17M | 0.01% |
45,284
-41,610
| -48% | -$2.98M |
|
1732
iShares Russell 2000 Value ETF
IWN
$14.7B
| $3.17M | 0.01% |
26,800
-21,200
| -44% | -$2.52M |
|
|
ALDR
1733
DELISTED
Alder Biopharmaceuticals
ALDR
| $3.15M | 0.01% |
151,371
+125,059
| +475% | +$2.77M |
|
1734
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $3.14M | 0.01% |
65,789
-17,652
| -21% | -$826K |
|
|
PBPB
1735
DELISTED
Potbelly
PBPB
| $3.14M | 0.01% |
225,755
-114,288
| -34% | -$1.5M |
|
|
PTLA
1736
CALL
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $3.13M | 0.01% |
80,000
+55,000
| +220% | +$1.75M |
|
1737
Hooker Furnishings Corp
HOFT
$147M
| $3.13M | 0.01% |
100,875
-32,202
| -24% | -$1.07M |
|
1738
First Busey Corp
BUSE
$2.49B
| $3.13M | 0.01% |
106,389
+81,817
| +333% | +$2.47M |
|
|
EGL
1739
DELISTED
Engility Holdings, Inc.
EGL
| $3.12M | 0.01% |
107,954
-118,115
| -52% | -$3.61M |
|
|
TAHO
1740
DELISTED
Tahoe Resources Inc
TAHO
| $3.12M | 0.01% |
388,401
+181,762
| +88% | +$1.57M |
|
1741
Invesco DB US Dollar Index Bullish Fund
UUP
$322M
| $3.11M | 0.01% |
120,000
-57,543
| -32% | -$1.5M |
|
1742
Halozyme
HALO
$12.1B
| $3.11M | 0.01% |
239,687
-144,412
| -38% | -$1.83M |
|
1743
Unisys
UIS
$198M
| $3.1M | 0.01% |
222,488
-214,208
| -49% | -$2.97M |
|
1744
Malibu Boats
MBUU
$558M
| $3.08M | 0.01% |
137,411
+506
| +0.4% | +$10.2K |
|
|
CYBR
1745
DELISTED
CyberArk
CYBR
| $3.07M | 0.01% |
60,437
+25,560
| +73% | +$1.3M |
|
1746
Kaiser Aluminum
KALU
$2.59B
| $3.07M | 0.01% |
38,460
-36,777
| -49% | -$2.92M |
|
1747
Barrett Business Services
BBSI
$829M
| $3.06M | 0.01% |
223,864
+81,516
| +57% | +$1.22M |
|
1748
CALL
O-I Glass
OI
$1.12B
| $3.06M | 0.01% |
150,000
+100,000
| +200% | +$1.96M |
|
1749
CALL
Jack in the Box
JACK
$306M
| $3.05M | 0.01% |
+30,000
| New | +$3.11M |
|
1750
Financial Institutions
FISI
$808M
| $3.05M | 0.01% |
92,459
-46,458
| -33% | -$1.55M |
|
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Israel Englander's Q1 2017 Portfolio in Review
As of Q1 2017, Israel Englander held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Israel Englander deployed $3.43B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Israel Englander's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Israel Englander added most to Comerica in Q1 2017, an estimated $221M increase.
- Israel Englander's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Israel Englander fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Israel Englander's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Israel Englander opened 894 new positions and closed 743 in Q1 2017.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.