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 | |
|---|---|---|---|---|---|---|
|
LXFT
1801
DELISTED
Luxoft Holding, Inc.
LXFT
| $3.92M | 0.01% |
82,016
+32,148
| +64% | +$1.75M |
|
1802
IMAX
IMAX
$2.89B
| $3.92M | 0.01% |
172,976
-164,099
| -49% | -$3.38M |
|
1803
Stagwell
STGW
$2.11B
| $3.92M | 0.01% |
356,190
+272,767
| +327% | +$2.75M |
|
1804
Liberty Global Class C
LBTYK
$3.58B
| $3.9M | 0.01% |
119,425
+105,818
| +778% | +$3.42M |
|
1805
SSR Mining
SSRM
$7.77B
| $3.9M | 0.01% |
+367,763
| New | +$3.74M |
|
1806
Algonquin Power & Utilities
AQN
$4.4B
| $3.89M | 0.01% |
368,317
-92,323
| -20% | -$980K |
|
|
KW
1807
DELISTED
Kennedy-Wilson Holdings
KW
| $3.89M | 0.01% |
209,829
-174,140
| -45% | -$3.36M |
|
|
NVO
1808
Novo Nordisk
NVO
$209B
| $3.89M | 0.01% |
161,610
-344,250
| -68% | -$7.78M |
|
1809
CALL
Medtronic
MDT
$118B
| $3.89M | 0.01% |
50,000
+30,000
| +150% | +$2.49M |
|
1810
Rayonier
RYN
$6.2B
| $3.89M | 0.01% |
148,392
+3,987
| +3% | +$104K |
|
1811
iShares Floating Rate Bond ETF
FLOT
$10.6B
| $3.89M | 0.01% |
+76,330
| New | +$3.88M |
|
1812
Intel
INTC
$466B
| $3.88M | 0.01% |
101,971
-1,937,713
| -95% | -$68.9M |
|
1813
Sturm, Ruger & Co
RGR
$611M
| $3.87M | 0.01% |
74,816
+69,123
| +1,214% | +$3.65M |
|
1814
iShares Silver Trust
SLV
$33.1B
| $3.86M | 0.01% |
245,000
+103,192
| +73% | +$1.64M |
|
|
HZN
1815
DELISTED
Horizon Global Corporation
HZN
| $3.83M | 0.01% |
216,891
+200,289
| +1,206% | +$3.26M |
|
1816
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.7B
| $3.8M | 0.01% |
79,509
+13,943
| +21% | +$665K |
|
|
TUES
1817
DELISTED
Tuesday Morning Corp
TUES
| $3.8M | 0.01% |
1,187,825
-246,806
| -17% | -$503K |
|
|
PNNT
1818
Pennant Park Investment Corp
PNNT
$246M
| $3.78M | 0.01% |
503,811
+358,033
| +246% | +$2.69M |
|
|
BBG
1819
DELISTED
Bill Barrett Corp
BBG
| $3.78M | 0.01% |
881,596
+794,496
| +912% | +$2.64M |
|
|
PARAA
1820
DELISTED
Paramount Global Class A
PARAA
| $3.76M | 0.01% |
64,400
+25,851
| +67% | +$1.65M |
|
|
WFBI
1821
DELISTED
WashingtonFirst Bankshares Inc
WFBI
| $3.76M | 0.01% |
105,602
+11,952
| +13% | +$405K |
|
|
AVTA
1822
DELISTED
Avantax, Inc. Common Stock
AVTA
| $3.75M | 0.01% |
148,041
+86,400
| +140% | +$1.96M |
|
|
CAA
1823
DELISTED
CalAtlantic Group, Inc.
CAA
| $3.74M | 0.01% |
102,182
-319,634
| -76% | -$11.4M |
|
1824
Workiva
WK
$4.05B
| $3.74M | 0.01% |
179,189
+122,063
| +214% | +$2.42M |
|
|
EXPR
1825
DELISTED
Express, Inc.
EXPR
| $3.73M | 0.01% |
+27,576
| New | +$3.48M |
|
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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.