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 | |
|---|---|---|---|---|---|---|
1876
Travelers Companies
TRV
$77.4B
| $3.9M | 0.01% |
28,779
-39,302
| -58% | -$5.19M |
|
1877
Realty Income
O
$58.9B
| $3.9M | 0.01% |
+70,575
| New | +$3.83M |
|
1878
Century Casinos
CNTY
$35.2M
| $3.89M | 0.01% |
425,787
+330,251
| +346% | +$2.87M |
|
|
INWK
1879
DELISTED
InnerWorkings, Inc.
INWK
| $3.86M | 0.01% |
+384,524
| New | +$4.13M |
|
1880
First Hawaiian
FHB
$3.16B
| $3.84M | 0.01% |
+131,687
| New | +$3.86M |
|
1881
Movado Group
MOV
$778M
| $3.84M | 0.01% |
119,302
+60,516
| +103% | +$1.75M |
|
1882
Astec Industries
ASTE
$1.01B
| $3.84M | 0.01% |
65,565
+52,508
| +402% | +$2.82M |
|
1883
Capitol Federal Financial
CFFN
$1.07B
| $3.83M | 0.01% |
285,992
-44,501
| -13% | -$624K |
|
1884
NACCO Industries
NC
$322M
| $3.82M | 0.01% |
+101,519
| New | +$4.08M |
|
1885
Oaktree Specialty Lending
OCSL
$1.15B
| $3.81M | 0.01% |
+260,057
| New | +$4.16M |
|
|
NEWR
1886
DELISTED
New Relic, Inc.
NEWR
| $3.81M | 0.01% |
65,948
-376,201
| -85% | -$20.5M |
|
1887
Open Text
OTEX
$5.89B
| $3.81M | 0.01% |
106,790
-625,851
| -85% | -$20.9M |
|
|
SRDX
1888
DELISTED
Surmodics
SRDX
| $3.8M | 0.01% |
135,676
+75,630
| +126% | +$2.31M |
|
|
SUP
1889
DELISTED
Superior Industries International
SUP
| $3.8M | 0.01% |
255,815
+132,008
| +107% | +$2.11M |
|
|
JCP
1890
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
| $3.79M | 0.01% |
+1,200,000
| New | +$3.86M |
|
|
NVTA
1891
DELISTED
Invitae Corporation
NVTA
| $3.79M | 0.01% |
417,562
-1,308,720
| -76% | -$11.7M |
|
|
ACET
1892
DELISTED
Aceto Corp
ACET
| $3.79M | 0.01% |
366,602
-126,406
| -26% | -$1.33M |
|
|
RARX
1893
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
| $3.78M | 0.01% |
444,697
-187,060
| -30% | -$2.3M |
|
|
LNW
1894
DELISTED
Light & Wonder
LNW
| $3.78M | 0.01% |
73,643
+18,823
| +34% | +$917K |
|
1895
Southern Company
SO
$103B
| $3.77M | 0.01% |
+78,414
| New | +$4M |
|
1896
Lexicon Pharmaceuticals
LXRX
$1.03B
| $3.77M | 0.01% |
381,266
-2,605
| -0.7% | -$27.1K |
|
|
TIER
1897
DELISTED
TIER REIT, Inc.
TIER
| $3.76M | 0.01% |
184,583
+39,301
| +27% | +$775K |
|
1898
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.81B
| $3.75M | 0.01% |
135,983
-136,631
| -50% | -$3.79M |
|
|
TA
1899
DELISTED
TravelCenters of America LLC
TA
| $3.75M | 0.01% |
182,816
+143,088
| +360% | +$3.32M |
|
1900
Arrowhead Research
ARWR
$12.6B
| $3.74M | 0.01% |
1,016,427
-255,711
| -20% | -$950K |
|
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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.