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 | |
|---|---|---|---|---|---|---|
176
NiSource
NI
$19.5B
| $92.2M | 0.13% |
3,591,733
+999,678
| +39% | +$26.5M |
|
177
Cigna
CI
$73.3B
| $92.1M | 0.13% |
453,606
-266,125
| -37% | -$53M |
|
|
INXN
178
DELISTED
Interxion Holding N.V.
INXN
| $91.9M | 0.13% |
1,559,917
-71,047
| -4% | -$3.93M |
|
|
VTLE
179
DELISTED
Vital Energy
VTLE
| $91.6M | 0.13% |
431,451
-49,811
| -10% | -$10.9M |
|
180
Box
BOX
$4.56B
| $91.1M | 0.13% |
4,314,184
+616,044
| +17% | +$13M |
|
181
S&P Global
SPGI
$127B
| $90.4M | 0.12% |
533,649
+301,462
| +130% | +$49.2M |
|
182
Amgen
AMGN
$238B
| $90.3M | 0.12% |
519,141
+480,551
| +1,245% | +$85M |
|
183
Aramark
ARMK
$15.8B
| $89.6M | 0.12% |
2,902,720
+2,054,221
| +242% | +$62.8M |
|
184
Home Depot
HD
$335B
| $89.4M | 0.12% |
471,948
-156,612
| -25% | -$27M |
|
|
MFA
185
MFA Financial
MFA
$901M
| $89.4M | 0.12% |
2,821,217
+586,037
| +26% | +$19.3M |
|
|
TMHC
186
DELISTED
Taylor Morrison
TMHC
| $89M | 0.12% |
3,638,831
+2,740,201
| +305% | +$64.1M |
|
187
CALL
Olin
OLN
$2.1B
| $89M | 0.12% |
2,500,000
+1,200,000
| +92% | +$42.7M |
|
188
Peabody Energy
BTU
$3.37B
| $88.1M | 0.12% |
2,237,696
+703,221
| +46% | +$22.8M |
|
189
Southwest Airlines
LUV
$19.8B
| $87.9M | 0.12% |
1,342,418
-596,522
| -31% | -$35.1M |
|
190
Tyson Foods
TSN
$20.6B
| $87.4M | 0.12% |
1,077,587
-255,553
| -19% | -$19.6M |
|
191
Ralph Lauren
RL
$22.2B
| $87.3M | 0.12% |
841,957
-403,767
| -32% | -$37.3M |
|
192
Hyatt Hotels
H
$17B
| $86.9M | 0.12% |
1,181,477
+144,212
| +14% | +$9.75M |
|
193
Weyerhaeuser
WY
$17.6B
| $86.7M | 0.12% |
2,459,614
+155,179
| +7% | +$5.49M |
|
194
Louisiana-Pacific
LPX
$5.12B
| $86.6M | 0.12% |
3,299,241
+893,446
| +37% | +$24.2M |
|
195
ExxonMobil
XOM
$679B
| $85.8M | 0.12% |
1,025,849
+810,019
| +375% | +$67M |
|
196
Cooper Companies
COO
$14.9B
| $85.2M | 0.12% |
1,564,868
+803,020
| +105% | +$47M |
|
197
Post Holdings
POST
$3.65B
| $85.2M | 0.12% |
1,642,618
-517,500
| -24% | -$27.5M |
|
|
ABMD
198
DELISTED
Abiomed Inc
ABMD
| $85.2M | 0.12% |
454,439
+76,286
| +20% | +$14.2M |
|
|
SEMG
199
DELISTED
SEMGROUP CORPORATION
SEMG
| $84.8M | 0.12% |
2,806,776
+2,426,406
| +638% | +$64M |
|
|
CLR
200
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $84.1M | 0.12% |
1,587,130
+1,535,366
| +2,966% | +$67.3M |
|
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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.