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 | |
|---|---|---|---|---|---|---|
1951
Sinclair Inc
SBGI
$1.04B
| $2.48M | ﹤0.01% |
75,428
-363,178
| -83% | -$13.1M |
|
1952
STRATTEC Security
STRT
$304M
| $2.48M | ﹤0.01% |
70,026
+51,251
| +273% | +$1.61M |
|
|
OSB
1953
DELISTED
Norbord Inc.
OSB
| $2.47M | ﹤0.01% |
79,456
-24,656
| -24% | -$730K |
|
1954
Vanguard Morningstar Value ETF
VTV
$194B
| $2.47M | ﹤0.01% |
25,595
-1,867
| -7% | -$179K |
|
1955
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $2.47M | ﹤0.01% |
50,465
-15,324
| -23% | -$746K |
|
|
DRRX
1956
DELISTED
DURECT Corp
DRRX
| $2.47M | ﹤0.01% |
158,066
-129,523
| -45% | -$1.48M |
|
1957
Evercore
EVR
$11.2B
| $2.46M | ﹤0.01% |
34,924
-200,884
| -85% | -$14.6M |
|
|
WIFI
1958
DELISTED
Boingo Wireless, Inc.
WIFI
| $2.46M | ﹤0.01% |
164,593
-39,142
| -19% | -$591K |
|
1959
Oshkosh
OSK
$9.72B
| $2.46M | ﹤0.01% |
35,736
+30,176
| +543% | +$2.03M |
|
1960
Iron Mountain
IRM
$36.2B
| $2.46M | ﹤0.01% |
+71,597
| New | +$2.5M |
|
|
CBAY
1961
DELISTED
Cymabay Therapeutics
CBAY
| $2.45M | ﹤0.01% |
425,898
+387,783
| +1,017% | +$1.65M |
|
1962
Kosmos Energy
KOS
$1.66B
| $2.45M | ﹤0.01% |
382,568
-843,243
| -69% | -$5.35M |
|
|
GPL
1963
DELISTED
Great Panther Mining Limited
GPL
| $2.45M | ﹤0.01% |
191,500
+189,116
| +7,933% | +$2.43M |
|
1964
Deutsche Bank
DB
$75.6B
| $2.44M | ﹤0.01% |
+137,371
| New | +$2.43M |
|
1965
Rogers Communications
RCI
$20B
| $2.43M | ﹤0.01% |
51,377
-98,914
| -66% | -$4.57M |
|
1966
Liberty Media Series A
FWONA
$23.9B
| $2.42M | ﹤0.01% |
+72,292
| New | +$2.28M |
|
1967
Capital One
COF
$133B
| $2.42M | ﹤0.01% |
29,225
-297,139
| -91% | -$24.1M |
|
1968
Ingredion
INGR
$6.61B
| $2.41M | ﹤0.01% |
20,250
-187,806
| -90% | -$22.3M |
|
1969
O'Reilly Automotive
ORLY
$72.4B
| $2.41M | ﹤0.01% |
165,105
-165,540
| -50% | -$2.7M |
|
1970
Essential Utilities
WTRG
$11.6B
| $2.4M | ﹤0.01% |
72,174
+22,645
| +46% | +$742K |
|
1971
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.3B
| $2.4M | ﹤0.01% |
81,885
-47,237
| -37% | -$1.39M |
|
1972
Eastman Chemical
EMN
$8.34B
| $2.4M | ﹤0.01% |
28,531
-492,082
| -95% | -$39.7M |
|
1973
Matthews International
MATW
$673M
| $2.39M | ﹤0.01% |
+39,087
| New | +$2.55M |
|
1974
Arrowhead Research
ARWR
$12.6B
| $2.39M | ﹤0.01% |
1,477,039
+992,709
| +205% | +$1.61M |
|
|
ENIA
1975
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $2.39M | ﹤0.01% |
253,391
-509,077
| -67% | -$5M |
|
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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.