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 | |
|---|---|---|---|---|---|---|
1851
J.M. Smucker
SJM
$14B
| $3.54M | 0.01% |
33,696
-354,232
| -91% | -$40.5M |
|
1852
ASML
ASML
$671B
| $3.53M | 0.01% |
+20,632
| New | +$3.16M |
|
1853
Opko Health
OPK
$1.13B
| $3.53M | 0.01% |
514,741
-31,726
| -6% | -$200K |
|
|
IPHS
1854
DELISTED
Innophos Holdings, Inc.
IPHS
| $3.53M | 0.01% |
71,753
+44,770
| +166% | +$2.02M |
|
|
KANG
1855
DELISTED
iKang Healthcare Group, Inc.
KANG
| $3.53M | 0.01% |
261,900
-270,861
| -51% | -$3.62M |
|
1856
Fluor
FLR
$6.96B
| $3.52M | 0.01% |
83,659
-84,081
| -50% | -$3.49M |
|
1857
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.78B
| $3.51M | 0.01% |
34,567
+14,400
| +71% | +$1.46M |
|
|
LSXMA
1858
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $3.51M | 0.01% |
115,956
+51,624
| +80% | +$1.6M |
|
1859
AngloGold Ashanti
AU
$59.7B
| $3.5M | 0.01% |
376,966
-908,335
| -71% | -$8.78M |
|
|
FFWM
1860
DELISTED
First Foundation Inc
FFWM
| $3.5M | 0.01% |
195,343
+106,755
| +121% | +$1.81M |
|
1861
Waterstone Financial
WSBF
$378M
| $3.49M | 0.01% |
179,187
-1,264
| -0.7% | -$23.3K |
|
1862
Ryman Hospitality Properties
RHP
$8.99B
| $3.48M | 0.01% |
55,743
-8,651
| -13% | -$528K |
|
1863
Diamondback Energy
FANG
$56B
| $3.48M | 0.01% |
35,542
+13,558
| +62% | +$1.25M |
|
1864
CALL
RTX Corp
RTX
$286B
| $3.48M | 0.01% |
+47,670
| New | +$3.53M |
|
|
SRG
1865
Seritage Growth Properties
SRG
$119M
| $3.48M | 0.01% |
+75,526
| New | +$3.5M |
|
1866
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $3.48M | 0.01% |
29,868
-18,645
| -38% | -$2.15M |
|
1867
Clean Energy Fuels
CLNE
$357M
| $3.47M | 0.01% |
1,400,841
+330,503
| +31% | +$833K |
|
1868
EnerSys
ENS
$6.96B
| $3.47M | 0.01% |
50,219
-19,023
| -27% | -$1.3M |
|
|
ARII
1869
DELISTED
American Railcar Industries, Inc.
ARII
| $3.46M | 0.01% |
89,774
-29,767
| -25% | -$1.09M |
|
1870
Generac Holdings
GNRC
$12.2B
| $3.46M | 0.01% |
75,336
+65,464
| +663% | +$2.57M |
|
|
NCNA
1871
NuCana
NCNA
$6.37M
| $3.46M | 0.01% |
+38
| New | +$3.28M |
|
1872
PDS Biotechnology
PDSB
$12.5M
| $3.45M | 0.01% |
16,056
+78
| +0.5% | +$16.1K |
|
1873
Kadant
KAI
$3.61B
| $3.44M | 0.01% |
34,876
-18,886
| -35% | -$1.6M |
|
|
FCB
1874
DELISTED
FCB Financial Holdings, Inc.
FCB
| $3.44M | 0.01% |
71,129
-22,769
| -24% | -$1.04M |
|
|
LTRPA
1875
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $3.43M | 0.01% |
277,519
-141,835
| -34% | -$1.76M |
|
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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.