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 | |
|---|---|---|---|---|---|---|
2051
Canadian Natural Resources
CNQ
$102B
| $2.05M | ﹤0.01% |
+144,955
| New | +$2.18M |
|
2052
Cabot Corp
CBT
$4.37B
| $2.04M | ﹤0.01% |
38,270
-4,429
| -10% | -$243K |
|
2053
Adecoagro
AGRO
$1.6B
| $2.04M | ﹤0.01% |
204,611
-480,940
| -70% | -$5.26M |
|
2054
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.78B
| $2.04M | ﹤0.01% |
20,167
-1,082
| -5% | -$110K |
|
|
TOUR
2055
Tuniu
TOUR
$52.4M
| $2.04M | ﹤0.01% |
25,451
+8,282
| +48% | +$680K |
|
|
AAN.A
2056
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $2.04M | ﹤0.01% |
+52,524
| New | +$2.04M |
|
|
LGTY
2057
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $2.03M | ﹤0.01% |
197,293
+178,363
| +942% | +$1.93M |
|
|
BLD
2058
DELISTED
TopBuild
BLD
| $2.03M | ﹤0.01% |
38,214
-114,713
| -75% | -$5.88M |
|
2059
Graham Corp
GHM
$1.08B
| $2.03M | ﹤0.01% |
103,166
+57,940
| +128% | +$1.24M |
|
|
CELG
2060
DELISTED
Celgene Corp
CELG
| $2.02M | ﹤0.01% |
15,590
-126,662
| -89% | -$15.5M |
|
|
ACRE
2061
Ares Commercial Real Estate
ACRE
$257M
| $2.02M | ﹤0.01% |
154,289
+99,449
| +181% | +$1.33M |
|
|
NETI
2062
DELISTED
Eneti Inc.
NETI
| $2.02M | ﹤0.01% |
30,578
+24,678
| +418% | +$1.62M |
|
|
NAK
2063
Northern Dynasty Minerals
NAK
$984M
| $2.02M | ﹤0.01% |
1,450,000
-2,346,615
| -62% | -$3.76M |
|
|
MDCO
2064
DELISTED
Medicines Co
MDCO
| $2.01M | ﹤0.01% |
+52,987
| New | +$2.36M |
|
|
BMTC
2065
DELISTED
Bryn Mawr Bank Corp
BMTC
| $2.01M | ﹤0.01% |
47,317
+18,893
| +66% | +$781K |
|
|
WW
2066
CALL
DELISTED
WW International
WW
| $2M | ﹤0.01% |
60,000
-190,000
| -76% | -$4.59M |
|
|
BHBK
2067
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $2M | ﹤0.01% |
111,877
-31,295
| -22% | -$567K |
|
|
AOI
2068
DELISTED
Alliance One International
AOI
| $2M | ﹤0.01% |
+139,074
| New | +$1.78M |
|
2069
CALL
Centene
CNC
$32.3B
| $2M | ﹤0.01% |
+50,000
| New | +$1.89M |
|
|
TGE
2070
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $1.99M | ﹤0.01% |
78,201
+63,575
| +435% | +$1.68M |
|
|
ESL
2071
DELISTED
Esterline Technologies
ESL
| $1.99M | ﹤0.01% |
20,985
-38,604
| -65% | -$3.59M |
|
2072
Caesarstone
CSTE
$113M
| $1.99M | ﹤0.01% |
56,669
+36,964
| +188% | +$1.39M |
|
2073
MarineMax
HZO
$1.15B
| $1.99M | ﹤0.01% |
101,509
+13,614
| +15% | +$266K |
|
2074
CALL
SM Energy
SM
$8.41B
| $1.98M | ﹤0.01% |
+120,000
| New | +$2.38M |
|
2075
Karyopharm Therapeutics
KPTI
$44.5M
| $1.98M | ﹤0.01% |
14,610
-2,623
| -15% | -$388K |
|
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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.