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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$593M |
| 2 |
Abbott
ABT
|
+$259M |
| 3 |
AutoZone
AZO
|
+$204M |
| 4 |
AABA
Altaba Inc
AABA
|
+$186M |
| 5 |
D.R. Horton
DHI
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$215M |
| 2 |
Public Service Enterprise Group
PEG
|
+$211M |
| 3 |
Applied Materials
AMAT
|
+$203M |
| 4 |
Intuitive Surgical
ISRG
|
+$194M |
| 5 |
ConocoPhillips
COP
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.49% |
| 2 | Technology | 12.13% |
| 3 | Healthcare | 11.89% |
| 4 | Consumer Discretionary | 11.58% |
| 5 | Industrials | 10.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Ferrari
RACE
$72.6B
| $4.08M | 0.01% |
38,905
+13,873
| +55% | +$1.54M |
|
1852
Great Southern Bancorp
GSBC
$857M
| $4.07M | 0.01% |
+78,869
| New | +$4.24M |
|
1853
Bassett Furniture
BSET
$165M
| $4.07M | 0.01% |
108,306
+76,542
| +241% | +$2.94M |
|
1854
SouthState Bank Corp
SSB
$10.3B
| $4.07M | 0.01% |
46,673
-300,433
| -87% | -$27M |
|
1855
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $4.06M | 0.01% |
76,975
+17,036
| +28% | +$884K |
|
1856
Metallus
MTUS
$804M
| $4.06M | 0.01% |
267,271
+199,903
| +297% | +$3.04M |
|
1857
TechnipFMC
FTI
$29.7B
| $4.05M | 0.01% |
174,048
-6,166,255
| -97% | -$128M |
|
1858
Hershey
HSY
$37.2B
| $4.05M | 0.01% |
35,682
-27,255
| -43% | -$3M |
|
1859
Alpha and Omega Semiconductor
AOSL
$793M
| $4.04M | 0.01% |
246,863
-42,435
| -15% | -$743K |
|
|
CDTX
1860
DELISTED
Cidara Therapeutics
CDTX
| $4.04M | 0.01% |
29,678
-552
| -2% | -$83.7K |
|
1861
National CineMedia
NCMI
$248M
| $4.03M | 0.01% |
58,795
+39,189
| +200% | +$2.6M |
|
1862
QCR Holdings
QCRH
$1.65B
| $4.03M | 0.01% |
94,017
-50,890
| -35% | -$2.32M |
|
1863
Select Water Solutions
WTTR
$2.48B
| $4.02M | 0.01% |
+220,516
| New | +$3.54M |
|
1864
Hamilton Lane
HLNE
$4.56B
| $4.02M | 0.01% |
113,527
-221,526
| -66% | -$6.83M |
|
1865
Protagonist Therapeutics
PTGX
$9.8B
| $4.01M | 0.01% |
192,730
+55,378
| +40% | +$982K |
|
1866
Corbus Pharmaceuticals
CRBP
$219M
| $4M | 0.01% |
18,789
-9,843
| -34% | -$2.11M |
|
|
TELL
1867
DELISTED
Tellurian Inc.
TELL
| $3.99M | 0.01% |
+409,309
| New | +$4.38M |
|
1868
CorVel
CRVL
$3.55B
| $3.98M | 0.01% |
225,747
+7,110
| +3% | +$134K |
|
|
XL
1869
DELISTED
XL Group Ltd.
XL
| $3.98M | 0.01% |
+113,156
| New | +$4.39M |
|
|
DYNC
1870
DELISTED
Vistra Energy Corp.
DYNC
| $3.96M | 0.01% |
50,000
| – | – |
|
1871
New York Times
NYT
$11B
| $3.94M | 0.01% |
+213,112
| New | +$3.96M |
|
1872
Quad
QUAD
$515M
| $3.92M | 0.01% |
173,675
+145,543
| +517% | +$3.3M |
|
1873
MBIA
MBI
$256M
| $3.92M | 0.01% |
535,028
+486,805
| +1,009% | +$3.79M |
|
1874
Analog Devices
ADI
$180B
| $3.91M | 0.01% |
+43,893
| New | +$3.89M |
|
|
LVNTA
1875
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $3.9M | 0.01% |
71,987
+65,806
| +1,065% | +$3.75M |
|
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Israel Englander's Q4 2017 Portfolio in Review
As of Q4 2017, Israel Englander held 4,357 positions worth $72.5B, up 10% from $65.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Israel Englander deployed $3.05B of net new capital in Q4 2017, opening 897 new positions and adding to 1,473 existing holdings. Its largest new stake was Viatris: 2,905,317 shares worth $123M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Honeywell, an estimated $215M trimmed.
- Israel Englander's largest Q4 2017 buy was Viatris: 2,905,317 shares worth $123M.
- Israel Englander added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $593M increase.
- Israel Englander's biggest Q4 2017 reduction was Honeywell, cutting an estimated $215M.
- Israel Englander fully exited Paychex in Q4 2017, selling an estimated $66.4M.
- Israel Englander's ten largest holdings make up 6.7% of its $72.5B portfolio in Q4 2017.
- Israel Englander opened 897 new positions and closed 601 in Q4 2017.
- Israel Englander's portfolio value rose 10% quarter-over-quarter to $72.5B.
Based on Millennium Management's 13F filing for Q4 2017, filed 14 Feb 2018.