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 | |
|---|---|---|---|---|---|---|
|
EMD
2051
Western Asset Emerging Markets Debt Fund
EMD
$613M
| $2.88M | ﹤0.01% |
185,502
+157,339
| +559% | +$2.44M |
|
2052
WSFS Financial
WSFS
$3.99B
| $2.88M | ﹤0.01% |
+60,241
| New | +$2.97M |
|
|
ENZ
2053
DELISTED
Enzo Biochem, Inc.
ENZ
| $2.88M | ﹤0.01% |
353,070
+164,871
| +88% | +$1.57M |
|
2054
Princeton Bancorp
BPRN
$289M
| $2.88M | ﹤0.01% |
83,768
+2,475
| +3% | +$81.7K |
|
|
QEP
2055
CALL
DELISTED
QEP RESOURCES, INC.
QEP
| $2.87M | ﹤0.01% |
+300,000
| New | +$2.72M |
|
2056
Scorpio Tankers
STNG
$3.87B
| $2.87M | ﹤0.01% |
94,019
+90,419
| +2,512% | +$3.04M |
|
2057
Schwab US Large- Cap ETF
SCHX
$74.4B
| $2.87M | ﹤0.01% |
269,640
+121,542
| +82% | +$1.26M |
|
2058
Viking Therapeutics
VKTX
$3.94B
| $2.85M | ﹤0.01% |
+702,972
| New | +$2.04M |
|
2059
PUT
Freeport-McMoran
FCX
$114B
| $2.84M | ﹤0.01% |
150,000
+75,000
| +100% | +$1.13M |
|
|
SUPV
2060
Grupo Supervielle
SUPV
$739M
| $2.84M | ﹤0.01% |
97,004
-461,902
| -83% | -$12.3M |
|
2061
First Trust Preferred Securities and Income ETF
FPE
$6.29B
| $2.84M | ﹤0.01% |
142,030
+23,158
| +19% | +$465K |
|
2062
Aflac
AFL
$58.7B
| $2.84M | ﹤0.01% |
64,690
-49,720
| -43% | -$2.12M |
|
|
SAFM
2063
DELISTED
Sanderson Farms Inc
SAFM
| $2.84M | ﹤0.01% |
20,436
+18,913
| +1,242% | +$2.92M |
|
|
EIGI
2064
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $2.84M | ﹤0.01% |
337,639
+210,616
| +166% | +$1.78M |
|
2065
Arch Capital
ACGL
$33.8B
| $2.82M | ﹤0.01% |
+93,288
| New | +$2.98M |
|
|
NATI
2066
DELISTED
National Instruments Corp
NATI
| $2.82M | ﹤0.01% |
+67,799
| New | +$2.96M |
|
2067
Donnelley Financial Solutions
DFIN
$1.17B
| $2.82M | ﹤0.01% |
144,672
-133,758
| -48% | -$2.73M |
|
2068
QuinStreet
QNST
$1.12B
| $2.82M | ﹤0.01% |
336,388
+236,493
| +237% | +$2.01M |
|
|
MIC
2069
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $2.82M | ﹤0.01% |
43,898
-660,520
| -94% | -$44.7M |
|
|
ARD
2070
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $2.81M | ﹤0.01% |
133,129
+70,315
| +112% | +$1.45M |
|
|
KRA
2071
DELISTED
Kraton Corporation
KRA
| $2.81M | ﹤0.01% |
58,290
-378,984
| -87% | -$17.5M |
|
2072
Cartesian Therapeutics
RNAC
$300M
| $2.8M | ﹤0.01% |
9,509
+7,405
| +352% | +$3.24M |
|
2073
Heartland Express
HTLD
$952M
| $2.8M | ﹤0.01% |
119,826
-854,281
| -88% | -$19.3M |
|
|
CONN
2074
DELISTED
Conn's Inc.
CONN
| $2.79M | ﹤0.01% |
78,419
+64,226
| +453% | +$1.96M |
|
2075
Worthington Enterprises
WOR
$2.82B
| $2.78M | ﹤0.01% |
+102,497
| New | +$2.74M |
|
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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 $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.