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 | |
|---|---|---|---|---|---|---|
1951
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $3.02M | ﹤0.01% |
59,939
+9,474
| +19% | +$472K |
|
1952
CALL
KB Home
KBH
$3.44B
| $3.02M | ﹤0.01% |
+125,000
| New | +$2.82M |
|
1953
TFS Financial
TFSL
$5.03B
| $3.01M | ﹤0.01% |
186,807
-203,423
| -52% | -$3.15M |
|
|
MINI
1954
DELISTED
Mobile Mini Inc
MINI
| $2.99M | ﹤0.01% |
86,914
-138,953
| -62% | -$4.27M |
|
|
KNL
1955
DELISTED
Knoll, Inc.
KNL
| $2.99M | ﹤0.01% |
149,388
-47,749
| -24% | -$895K |
|
|
SVU
1956
DELISTED
SUPERVALU Inc.
SVU
| $2.98M | ﹤0.01% |
137,136
+83,441
| +155% | +$1.85M |
|
1957
eHealth
EHTH
$38.1M
| $2.97M | ﹤0.01% |
124,411
-113,853
| -48% | -$2.32M |
|
1958
Transocean
RIG
$6.25B
| $2.96M | ﹤0.01% |
+275,482
| New | +$2.37M |
|
1959
Interface
TILE
$2.24B
| $2.96M | ﹤0.01% |
135,102
-510,503
| -79% | -$9.95M |
|
1960
Flexsteel Industries
FLXS
$333M
| $2.95M | ﹤0.01% |
+58,256
| New | +$2.97M |
|
|
OTIC
1961
DELISTED
Otonomy, Inc.
OTIC
| $2.95M | ﹤0.01% |
908,184
-133,670
| -13% | -$1.8M |
|
1962
TETRA Technologies
TTI
$1.01B
| $2.95M | ﹤0.01% |
1,030,932
+627,929
| +156% | +$1.54M |
|
1963
RenaissanceRe
RNR
$13.8B
| $2.95M | ﹤0.01% |
21,802
+13,354
| +158% | +$1.88M |
|
|
IVTY
1964
DELISTED
Invuity, Inc
IVTY
| $2.94M | ﹤0.01% |
330,529
-188,980
| -36% | -$1.44M |
|
1965
IQVIA
IQV
$43B
| $2.93M | ﹤0.01% |
30,851
-15,682
| -34% | -$1.45M |
|
|
XIV
1966
DELISTED
VelocityShares Daily Inverse VIX Short Term ETN
XIV
| $2.93M | ﹤0.01% |
+30,000
| New | +$2.62M |
|
1967
Caesarstone
CSTE
$113M
| $2.92M | ﹤0.01% |
98,108
+41,439
| +73% | +$1.3M |
|
1968
Liberty Global Class A
LBTYA
$3.68B
| $2.92M | ﹤0.01% |
85,985
-428,566
| -83% | -$14.3M |
|
|
HMHC
1969
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $2.91M | ﹤0.01% |
241,467
+12,069
| +5% | +$136K |
|
1970
Ziff Davis
ZD
$1.91B
| $2.9M | ﹤0.01% |
+45,116
| New | +$3.05M |
|
1971
VanEck Junior Gold Miners ETF
GDXJ
$9.78B
| $2.89M | ﹤0.01% |
86,100
-70,172
| -45% | -$2.37M |
|
1972
CALL
Cintas
CTAS
$82.3B
| $2.89M | ﹤0.01% |
+80,000
| New | +$2.66M |
|
|
RSX
1973
DELISTED
VanEck Russia ETF
RSX
| $2.87M | ﹤0.01% |
+128,927
| New | +$2.66M |
|
|
CHMI
1974
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $2.87M | ﹤0.01% |
158,467
-331,760
| -68% | -$6.19M |
|
1975
Bank OZK
OZK
$5.39B
| $2.86M | ﹤0.01% |
59,563
-237,066
| -80% | -$10.6M |
|
Similar funds
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.