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 | |
|---|---|---|---|---|---|---|
|
CADE
1851
DELISTED
Cadence Bancorporation
CADE
| $2.9M | 0.01% |
+132,369
| New | +$2.95M |
|
|
AVEO
1852
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
| $2.89M | 0.01% |
130,280
+127,157
| +4,072% | +$1M |
|
|
PMC
1853
DELISTED
PharMerica Corporation
PMC
| $2.89M | 0.01% |
+110,056
| New | +$2.71M |
|
1854
AerCap
AER
$23.4B
| $2.87M | 0.01% |
61,886
+37,247
| +151% | +$1.68M |
|
|
JNCE
1855
DELISTED
Jounce Therapeutics, Inc. Common Stock
JNCE
| $2.87M | 0.01% |
204,746
-89,116
| -30% | -$1.91M |
|
|
PSB
1856
DELISTED
PS Business Parks, Inc.
PSB
| $2.87M | 0.01% |
21,703
-15,998
| -42% | -$2M |
|
1857
BancFirst
BANF
$3.76B
| $2.87M | 0.01% |
59,452
+19,752
| +50% | +$937K |
|
1858
Illumina
ILMN
$33.9B
| $2.87M | 0.01% |
17,016
+10,083
| +145% | +$1.74M |
|
|
ALDR
1859
PUT
DELISTED
Alder Biopharmaceuticals
ALDR
| $2.86M | 0.01% |
+250,000
| New | +$4.62M |
|
1860
Five Point Holdings
FPH
$367M
| $2.86M | 0.01% |
+193,828
| New | +$2.95M |
|
|
INST
1861
DELISTED
Instructure, Inc.
INST
| $2.85M | 0.01% |
96,585
-65,319
| -40% | -$1.66M |
|
|
ZEUS
1862
DELISTED
Olympic Steel
ZEUS
| $2.84M | 0.01% |
145,849
+79,064
| +118% | +$1.45M |
|
1863
AXIS Capital
AXS
$7.27B
| $2.83M | 0.01% |
43,777
-10,730
| -20% | -$700K |
|
1864
U-Haul Holding Co
UHAL
$13.5B
| $2.83M | 0.01% |
+77,330
| New | +$2.8M |
|
1865
Manitowoc
MTW
$697M
| $2.83M | 0.01% |
+117,678
| New | +$2.75M |
|
1866
RELX
RELX
$61.7B
| $2.82M | 0.01% |
128,881
+102,151
| +382% | +$2.15M |
|
|
HMHC
1867
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $2.82M | 0.01% |
229,398
-543,168
| -70% | -$6.64M |
|
1868
CBIZ
CBZ
$2.97B
| $2.82M | 0.01% |
187,845
-72,464
| -28% | -$1.09M |
|
1869
Magnite
MGNI
$3.4B
| $2.81M | 0.01% |
547,003
+517,501
| +1,754% | +$2.84M |
|
|
RESI
1870
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.81M | 0.01% |
216,929
-942,543
| -81% | -$13.4M |
|
|
DFRG
1871
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $2.81M | 0.01% |
174,278
+85,597
| +97% | +$1.47M |
|
|
ESIO
1872
DELISTED
Electro Scientific Industries
ESIO
| $2.8M | 0.01% |
+339,731
| New | +$2.61M |
|
|
VSA
1873
VisionSys AI
VSA
$9.66M
| $2.8M | 0.01% |
62
+52
| +520% | +$2.41M |
|
1874
LyondellBasell Industries
LYB
$20.2B
| $2.78M | 0.01% |
32,975
-479,313
| -94% | -$39.8M |
|
|
AFSI
1875
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $2.78M | 0.01% |
183,634
-67,437
| -27% | -$996K |
|
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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.