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 | |
|---|---|---|---|---|---|---|
1976
Mercantile Bank Corp
MBWM
$1.02B
| $3.25M | ﹤0.01% |
+92,030
| New | +$3.31M |
|
1977
iShares Select Dividend ETF
DVY
$23.8B
| $3.25M | ﹤0.01% |
32,997
-3,168
| -9% | -$305K |
|
1978
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.45B
| $3.25M | ﹤0.01% |
98,658
-131,633
| -57% | -$4.34M |
|
1979
PUT
ICU Medical
ICUI
$4.44B
| $3.24M | ﹤0.01% |
15,000
-5,000
| -25% | -$1.01M |
|
|
XENT
1980
CALL
DELISTED
Intersect ENT, Inc
XENT
| $3.24M | ﹤0.01% |
100,000
| – | – |
|
1981
Ingles Markets
IMKTA
$1.57B
| $3.23M | ﹤0.01% |
93,370
-1,982
| -2% | -$54K |
|
1982
Flexsteel Industries
FLXS
$327M
| $3.23M | ﹤0.01% |
69,056
+10,800
| +19% | +$529K |
|
1983
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.83B
| $3.23M | ﹤0.01% |
84,965
+3,032
| +4% | +$114K |
|
1984
Vanguard Morningstar Growth ETF
VUG
$228B
| $3.22M | ﹤0.01% |
137,520
+114,180
| +489% | +$2.62M |
|
|
AKRX
1985
PUT
DELISTED
Akorn Inc
AKRX
| $3.22M | ﹤0.01% |
100,000
| – | – |
|
1986
CALL
Becton Dickinson
BDX
$51.4B
| $3.21M | ﹤0.01% |
+15,375
| New | +$3.22M |
|
|
AERI
1987
CALL
DELISTED
Aerie Pharmaceuticals
AERI
| $3.21M | ﹤0.01% |
53,700
-86,300
| -62% | -$5.23M |
|
1988
Sunstone Hotel Investors
SHO
$2.08B
| $3.21M | ﹤0.01% |
193,951
-1,998,078
| -91% | -$33.1M |
|
1989
Franco-Nevada
FNV
$51.8B
| $3.21M | ﹤0.01% |
+40,086
| New | +$3.22M |
|
1990
Philips
PHG
$26.1B
| $3.21M | ﹤0.01% |
111,693
+105,006
| +1,570% | +$3.16M |
|
1991
Regenxbio
RGNX
$613M
| $3.2M | ﹤0.01% |
+96,358
| New | +$2.9M |
|
1992
Gray Television
GTN
$491M
| $3.19M | ﹤0.01% |
+190,762
| New | +$2.98M |
|
|
WOW
1993
DELISTED
WideOpenWest
WOW
| $3.19M | ﹤0.01% |
302,192
+114,633
| +61% | +$1.35M |
|
|
NAGE
1994
Niagen Bioscience
NAGE
$258M
| $3.19M | ﹤0.01% |
542,994
+205,852
| +61% | +$1.11M |
|
|
LTM
1995
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
| $3.19M | ﹤0.01% |
+229,589
| New | +$3.07M |
|
1996
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.7B
| $3.18M | ﹤0.01% |
67,444
-12,065
| -15% | -$571K |
|
|
PRTY
1997
DELISTED
Party City Holdco Inc.
PRTY
| $3.16M | ﹤0.01% |
226,618
+186,519
| +465% | +$2.3M |
|
|
GOOS
1998
CALL
Canada Goose Holdings
GOOS
$805M
| $3.16M | ﹤0.01% |
+100,000
| New | +$2.45M |
|
|
ISEE
1999
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $3.15M | ﹤0.01% |
1,007,890
+339,656
| +51% | +$955K |
|
2000
Albemarle
ALB
$15.7B
| $3.14M | ﹤0.01% |
24,580
-242,154
| -91% | -$32.8M |
|
Similar funds
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.