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 | |
|---|---|---|---|---|---|---|
1951
Marten Transport
MRTN
$1.18B
| $3.45M | ﹤0.01% |
+254,789
| New | +$3.33M |
|
1952
World Kinect Corp
WKC
$1.83B
| $3.44M | ﹤0.01% |
122,264
+94,044
| +333% | +$2.84M |
|
|
TGH
1953
DELISTED
Textainer Group Holdings limited
TGH
| $3.44M | ﹤0.01% |
159,786
+32,682
| +26% | +$675K |
|
|
LSI
1954
DELISTED
Life Storage, Inc.
LSI
| $3.43M | ﹤0.01% |
+57,744
| New | +$3.32M |
|
1955
Advanced Drainage Systems
WMS
$10.4B
| $3.43M | ﹤0.01% |
143,671
+68,096
| +90% | +$1.47M |
|
1956
Allient
ALNT
$1.62B
| $3.42M | ﹤0.01% |
154,812
+141,280
| +1,044% | +$2.87M |
|
1957
O-I Glass
OI
$1.12B
| $3.41M | ﹤0.01% |
153,855
-28,605
| -16% | -$683K |
|
1958
Archrock
AROC
$5.45B
| $3.41M | ﹤0.01% |
324,791
-260,283
| -44% | -$2.82M |
|
1959
Service Corp International
SCI
$11.5B
| $3.41M | ﹤0.01% |
91,308
-128,666
| -58% | -$4.6M |
|
|
CPE
1960
DELISTED
Callon Petroleum Company
CPE
| $3.4M | ﹤0.01% |
+27,967
| New | +$3.1M |
|
1961
IPG Photonics
IPGP
$3.19B
| $3.39M | ﹤0.01% |
15,830
-88,903
| -85% | -$18.9M |
|
1962
Kohl's
KSS
$2.07B
| $3.39M | ﹤0.01% |
62,435
-1,282,078
| -95% | -$59M |
|
|
FNHC
1963
DELISTED
FedNat Holding Company Common Stock
FNHC
| $3.38M | ﹤0.01% |
204,053
+61,437
| +43% | +$910K |
|
|
SSNI
1964
DELISTED
Silver Spring Networks, Inc.
SSNI
| $3.38M | ﹤0.01% |
+207,958
| New | +$3.36M |
|
1965
Harley-Davidson
HOG
$2.94B
| $3.38M | ﹤0.01% |
66,343
-148,544
| -69% | -$7.22M |
|
|
ARA
1966
DELISTED
American Renal Associates Holdings, Inc
ARA
| $3.35M | ﹤0.01% |
+192,666
| New | +$2.66M |
|
|
CNR
1967
Core Natural Resources Inc
CNR
$4.91B
| $3.35M | ﹤0.01% |
+84,713
| New | +$2.47M |
|
|
ITG
1968
DELISTED
Investment Technology Group Inc
ITG
| $3.35M | ﹤0.01% |
173,836
-428,042
| -71% | -$8.67M |
|
1969
National Beverage
FIZZ
$3.08B
| $3.34M | ﹤0.01% |
+68,592
| New | +$3.52M |
|
1970
Tredegar Corp
TG
$271M
| $3.32M | ﹤0.01% |
173,139
-83,081
| -32% | -$1.59M |
|
1971
Axogen
AXGN
$2.82B
| $3.29M | ﹤0.01% |
116,325
-195,910
| -63% | -$4.62M |
|
1972
Ingredion
INGR
$6.56B
| $3.28M | ﹤0.01% |
23,462
-96,924
| -81% | -$12.8M |
|
1973
Cohen & Steers
CNS
$4.3B
| $3.27M | ﹤0.01% |
69,170
+22,499
| +48% | +$991K |
|
|
PETX
1974
DELISTED
Aratana Therapeutics, Inc.
PETX
| $3.27M | ﹤0.01% |
+621,072
| New | +$3.8M |
|
1975
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $3.26M | ﹤0.01% |
84,260
+21,188
| +34% | +$800K |
|
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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 $4.49B 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.