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 | |
|---|---|---|---|---|---|---|
|
MYND
1976
Mynd.ai
MYND
$19.5M
| $2.86M | ﹤0.01% |
+10,033
| New | +$2.65M |
|
1977
RELX
RELX
$61.6B
| $2.85M | ﹤0.01% |
127,514
-1,367
| -1% | -$30K |
|
1978
uniQure
QURE
$3.53B
| $2.85M | ﹤0.01% |
296,568
+186,633
| +170% | +$1.5M |
|
1979
Standard Motor Products
SMP
$829M
| $2.85M | ﹤0.01% |
+59,006
| New | +$2.82M |
|
|
BKCC
1980
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $2.84M | ﹤0.01% |
379,022
+196,035
| +107% | +$1.45M |
|
|
UCFC
1981
DELISTED
United Community Financial Corp
UCFC
| $2.84M | ﹤0.01% |
295,536
-29,704
| -9% | -$268K |
|
|
VBTX
1982
DELISTED
Veritex Holdings
VBTX
| $2.83M | ﹤0.01% |
105,073
+72,345
| +221% | +$1.9M |
|
1983
Republic Bancorp
RBCAA
$1.85B
| $2.83M | ﹤0.01% |
72,764
-4,271
| -6% | -$152K |
|
|
WOW
1984
DELISTED
WideOpenWest
WOW
| $2.83M | ﹤0.01% |
187,559
-125,916
| -40% | -$2.05M |
|
1985
SL Green Realty
SLG
$4.16B
| $2.82M | ﹤0.01% |
28,734
-7,437
| -21% | -$721K |
|
1986
Savara
SVRA
$1.15B
| $2.81M | ﹤0.01% |
+300,656
| New | +$1.95M |
|
1987
Patrick Industries
PATK
$2.69B
| $2.81M | ﹤0.01% |
75,175
-91,973
| -55% | -$3.03M |
|
1988
AptarGroup
ATR
$8.6B
| $2.81M | ﹤0.01% |
+32,521
| New | +$2.77M |
|
|
GWPH
1989
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $2.8M | ﹤0.01% |
27,633
-130,657
| -83% | -$14M |
|
|
TIER
1990
DELISTED
TIER REIT, Inc.
TIER
| $2.8M | ﹤0.01% |
145,282
+103,070
| +244% | +$1.9M |
|
1991
Vanguard Morningstar Small-Cap ETF
VB
$82.2B
| $2.8M | ﹤0.01% |
19,807
-7,284
| -27% | -$993K |
|
|
AMED
1992
CALL
DELISTED
Amedisys
AMED
| $2.8M | ﹤0.01% |
+50,000
| New | +$2.64M |
|
|
BHBK
1993
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $2.8M | ﹤0.01% |
145,609
+33,732
| +30% | +$629K |
|
|
MDCO
1994
DELISTED
Medicines Co
MDCO
| $2.79M | ﹤0.01% |
75,403
+22,416
| +42% | +$826K |
|
|
RESI
1995
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.79M | ﹤0.01% |
250,781
+33,852
| +16% | +$412K |
|
1996
LKQ Corp
LKQ
$6.51B
| $2.78M | ﹤0.01% |
77,290
-166,566
| -68% | -$5.68M |
|
1997
Liberty Media Series A
FWONA
$23.9B
| $2.78M | ﹤0.01% |
79,502
+7,210
| +10% | +$242K |
|
|
MANT
1998
DELISTED
Mantech International Corp
MANT
| $2.77M | ﹤0.01% |
62,832
+38,748
| +161% | +$1.56M |
|
1999
iShares MSCI Emerging Markets ETF
EEM
$31.2B
| $2.77M | ﹤0.01% |
61,833
-142,122
| -70% | -$6.26M |
|
2000
Ferrari
RACE
$72.6B
| $2.77M | ﹤0.01% |
+25,032
| New | +$2.67M |
|
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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.