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 | |
|---|---|---|---|---|---|---|
2076
Atlantic Union Bankshares
AUB
$5.8B
| $2.78M | ﹤0.01% |
+76,830
| New | +$2.74M |
|
2077
Franklin Electric
FELE
$4.51B
| $2.78M | ﹤0.01% |
60,527
+50,075
| +479% | +$2.26M |
|
2078
Nu Skin
NUS
$236M
| $2.78M | ﹤0.01% |
40,684
+33,892
| +499% | +$2.19M |
|
|
UCFC
2079
DELISTED
United Community Financial Corp
UCFC
| $2.77M | ﹤0.01% |
302,806
+7,270
| +2% | +$69K |
|
|
CMCM
2080
Cheetah Mobile
CMCM
$91.9M
| $2.76M | ﹤0.01% |
45,742
-171,791
| -79% | -$8.76M |
|
2081
Lumen
LUMN
$6.38B
| $2.76M | ﹤0.01% |
+165,514
| New | +$2.81M |
|
|
HOLX
2082
DELISTED
Hologic
HOLX
| $2.76M | ﹤0.01% |
64,537
-387,403
| -86% | -$15.5M |
|
2083
LSB Industries
LXU
$734M
| $2.75M | ﹤0.01% |
407,472
-240,851
| -37% | -$1.51M |
|
|
HF
2084
DELISTED
HFF Inc.
HF
| $2.74M | ﹤0.01% |
+56,297
| New | +$2.48M |
|
2085
Southern Copper
SCCO
$184B
| $2.73M | ﹤0.01% |
62,841
+42,753
| +213% | +$1.7M |
|
2086
SiriusPoint
SPNT
$2.78B
| $2.73M | ﹤0.01% |
186,274
+23,802
| +15% | +$383K |
|
2087
Global Net Lease
GNL
$2.1B
| $2.73M | ﹤0.01% |
132,461
+38,736
| +41% | +$834K |
|
|
HTB
2088
HomeTrust Bancshares
HTB
$767M
| $2.73M | ﹤0.01% |
105,841
+5,299
| +5% | +$139K |
|
|
JT
2089
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
| $2.72M | ﹤0.01% |
+52,504
| New | +$2.64M |
|
|
AXAS
2090
DELISTED
Abraxas Petroleum Corp
AXAS
| $2.72M | ﹤0.01% |
55,281
-58,689
| -51% | -$2.44M |
|
2091
Extreme Networks
EXTR
$2.98B
| $2.72M | ﹤0.01% |
217,003
-2,517,797
| -92% | -$31.1M |
|
2092
Clearwater Paper
CLW
$342M
| $2.71M | ﹤0.01% |
59,784
+22,744
| +61% | +$1.03M |
|
2093
Riot Platforms
RIOT
$7.86B
| $2.7M | ﹤0.01% |
+95,194
| New | +$1.34M |
|
2094
Shore Bancshares
SHBI
$769M
| $2.7M | ﹤0.01% |
161,856
+77,840
| +93% | +$1.33M |
|
|
FINL
2095
DELISTED
Finish Line
FINL
| $2.7M | ﹤0.01% |
+185,914
| New | +$2M |
|
2096
Ecolab
ECL
$80.1B
| $2.7M | ﹤0.01% |
20,105
+11,695
| +139% | +$1.56M |
|
2097
Onto Innovation
ONTO
$18B
| $2.7M | ﹤0.01% |
108,230
+60,592
| +127% | +$1.61M |
|
2098
Berkshire Hathaway Class A
BRK.A
$1.08T
| $2.68M | ﹤0.01% |
9
-33
| -79% | -$9.4M |
|
|
FFWM
2099
DELISTED
First Foundation Inc
FFWM
| $2.68M | ﹤0.01% |
144,365
-50,978
| -26% | -$941K |
|
2100
Gerdau
GGB
$9.16B
| $2.67M | ﹤0.01% |
905,832
-99,548
| -10% | -$271K |
|
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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.