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 | |
|---|---|---|---|---|---|---|
176
Thomson Reuters
TRI
$45.7B
| $75.7M | 0.14% |
1,409,737
+1,210,569
| +608% | +$62M |
|
177
Alliant Energy
LNT
$17.6B
| $75.7M | 0.14% |
1,883,577
+1,585,177
| +531% | +$64.2M |
|
178
Core Laboratories
CLB
$574M
| $75.6M | 0.13% |
+746,342
| New | +$80.5M |
|
|
FMBI
179
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $75.3M | 0.13% |
3,232,300
+550,902
| +21% | +$12.7M |
|
180
TE Connectivity
TEL
$58.9B
| $75.3M | 0.13% |
956,871
+221,233
| +30% | +$16.9M |
|
181
CALL
Micron Technology
MU
$1.09T
| $74.7M | 0.13% |
2,500,000
-3,650,000
| -59% | -$107M |
|
|
MBLY
182
DELISTED
Mobileye N.V.
MBLY
| $74.2M | 0.13% |
1,180,806
+25,805
| +2% | +$1.6M |
|
183
Ralph Lauren
RL
$22.2B
| $74.1M | 0.13% |
1,003,722
+525,540
| +110% | +$39.4M |
|
|
BIG
184
DELISTED
Big Lots, Inc.
BIG
| $74M | 0.13% |
1,531,246
+1,145,184
| +297% | +$55.7M |
|
185
JPMorgan Chase
JPM
$935B
| $73.7M | 0.13% |
805,950
-203,202
| -20% | -$17.5M |
|
186
Kilroy Realty
KRC
$4.25B
| $73.5M | 0.13% |
978,205
-385,406
| -28% | -$28.4M |
|
|
DFS
187
DELISTED
Discover Financial Services
DFS
| $73.5M | 0.13% |
1,181,310
-588,151
| -33% | -$36.4M |
|
188
Bruker
BRKR
$9.07B
| $72.6M | 0.13% |
2,515,870
+1,625,314
| +183% | +$41.9M |
|
189
Patterson-UTI
PTEN
$4.71B
| $72.4M | 0.13% |
3,584,472
+2,140,663
| +148% | +$46.6M |
|
190
Flex
FLEX
$40.8B
| $71.8M | 0.13% |
5,843,236
-1,811,216
| -24% | -$22.4M |
|
191
Madison Square Garden
MSGS
$9.78B
| $71.6M | 0.13% |
509,886
+484,180
| +1,884% | +$68.5M |
|
|
NVRO
192
DELISTED
NEVRO CORP.
NVRO
| $71.5M | 0.13% |
961,148
+640,916
| +200% | +$51.3M |
|
193
LPL Financial
LPLA
$28.5B
| $71.5M | 0.13% |
1,682,796
+29,635
| +2% | +$1.2M |
|
194
Comcast
CMCSA
$95.3B
| $71.3M | 0.13% |
1,832,980
-1,470,607
| -45% | -$58M |
|
195
CALL
Century Aluminum
CENX
$4.35B
| $71.3M | 0.13% |
+4,575,000
| New | +$63.8M |
|
|
COHR
196
DELISTED
Coherent Inc
COHR
| $71M | 0.13% |
+315,387
| New | +$72.5M |
|
|
STAY
197
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $70.1M | 0.13% |
3,623,323
+387,124
| +12% | +$6.95M |
|
198
Hartford Financial Services
HIG
$36.9B
| $69.7M | 0.12% |
1,326,759
-1,347,395
| -50% | -$66.8M |
|
199
PACCAR
PCAR
$69B
| $69.7M | 0.12% |
1,583,373
+248,047
| +19% | +$10.7M |
|
200
Packaging Corp of America
PKG
$22.5B
| $69.6M | 0.12% |
624,532
+97,372
| +18% | +$9.8M |
|
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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.