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 | |
|---|---|---|---|---|---|---|
1826
Carnival Corporation Ltd
CCL
$35.1B
| $3M | 0.01% |
45,723
-250,269
| -85% | -$15.6M |
|
1827
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $2.98M | 0.01% |
61,500
-11,865
| -16% | -$577K |
|
1828
American Vanguard Corp
AVD
$66.7M
| $2.97M | 0.01% |
172,340
+104,377
| +154% | +$1.8M |
|
|
ACH
1829
Accendra Health
ACH
$92.3M
| $2.97M | 0.01% |
92,327
+9,640
| +12% | +$316K |
|
|
CS
1830
DELISTED
Credit Suisse Group
CS
| $2.97M | 0.01% |
203,586
-809,258
| -80% | -$11.7M |
|
1831
Crocs
CROX
$5.93B
| $2.97M | 0.01% |
385,126
+37,973
| +11% | +$255K |
|
1832
Loews
L
$22.8B
| $2.97M | 0.01% |
63,431
-75,355
| -54% | -$3.53M |
|
1833
Ezcorp Inc
EZPW
$2.11B
| $2.96M | 0.01% |
383,806
+240,644
| +168% | +$2.1M |
|
1834
Hanmi Financial
HAFC
$920M
| $2.95M | 0.01% |
103,797
+36,629
| +55% | +$1.04M |
|
1835
Cisco
CSCO
$441B
| $2.94M | 0.01% |
94,082
-2,972,003
| -97% | -$96.8M |
|
1836
CALL
Brookdale Senior Living
BKD
$2.89B
| $2.94M | 0.01% |
+200,000
| New | +$2.76M |
|
1837
Wabtec
WAB
$50.9B
| $2.93M | 0.01% |
+31,975
| New | +$2.67M |
|
1838
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $2.92M | 0.01% |
34,591
+18,166
| +111% | +$1.53M |
|
|
BRFS
1839
DELISTED
BRF SA
BRFS
| $2.92M | 0.01% |
247,717
-265,813
| -52% | -$3.4M |
|
1840
Carlyle Secured Lending
CGBD
$775M
| $2.92M | 0.01% |
+162,162
| New | +$2.96M |
|
1841
Zillow
ZG
$8.11B
| $2.92M | 0.01% |
59,814
+53,187
| +803% | +$2.23M |
|
1842
Pearson
PSO
$9.92B
| $2.92M | 0.01% |
325,395
+226,709
| +230% | +$1.97M |
|
1843
Scorpio Tankers
STNG
$3.71B
| $2.91M | 0.01% |
73,394
+67,193
| +1,084% | +$2.72M |
|
|
CCRN
1844
DELISTED
Cross Country Healthcare
CCRN
| $2.91M | 0.01% |
225,664
-226,995
| -50% | -$2.92M |
|
1845
CALL
Hain Celestial
HAIN
$70.8M
| $2.91M | 0.01% |
+75,000
| New | +$2.71M |
|
1846
United States Oil Fund
USO
$2.01B
| $2.91M | 0.01% |
+38,265
| New | +$3.06M |
|
|
TVRD
1847
PUT
Tvardi Therapeutics
TVRD
$24.1M
| $2.91M | 0.01% |
+5,247
| New | +$3.33M |
|
1848
Universal Insurance Holdings
UVE
$1.21B
| $2.91M | 0.01% |
115,303
+93,379
| +426% | +$2.3M |
|
1849
Golub Capital BDC
GBDC
$3.41B
| $2.9M | 0.01% |
+155,122
| New | +$3.02M |
|
|
SRUNU
1850
DELISTED
Silver Run Acquisition Corporation II Units
SRUNU
| $2.9M | 0.01% |
271,500
-4,900
| -2% | -$51.1K |
|
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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.