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 | |
|---|---|---|---|---|---|---|
2101
Mine Safety
MSA
$7.33B
| $2.67M | ﹤0.01% |
34,424
-115,451
| -77% | -$9.21M |
|
2102
PUT
United States Oil Fund
USO
$2.01B
| $2.67M | ﹤0.01% |
+27,750
| New | +$2.46M |
|
|
TEF
2103
DELISTED
Telefonica
TEF
| $2.66M | ﹤0.01% |
339,675
-318,140
| -48% | -$2.61M |
|
2104
CALL
Verizon
VZ
$207B
| $2.65M | ﹤0.01% |
50,000
| – | – |
|
|
TMQ
2105
Trilogy Metals
TMQ
$653M
| $2.64M | ﹤0.01% |
2,418,180
| – | – |
|
|
JBTM
2106
JBT Marel
JBTM
$6.12B
| $2.63M | ﹤0.01% |
23,783
+19,884
| +510% | +$2.17M |
|
|
ERF
2107
DELISTED
Enerplus Corporation
ERF
| $2.63M | ﹤0.01% |
268,303
-878,763
| -77% | -$8.02M |
|
2108
Aegon
AEG
$13.6B
| $2.62M | ﹤0.01% |
511,830
-798,344
| -61% | -$3.89M |
|
|
WPRT
2109
Westport Fuel Systems
WPRT
$35.1M
| $2.62M | ﹤0.01% |
69,720
+26,734
| +62% | +$869K |
|
|
ETJ
2110
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$569M
| $2.62M | ﹤0.01% |
271,559
+245,054
| +925% | +$2.28M |
|
2111
Ameris Bancorp
ABCB
$5.73B
| $2.61M | ﹤0.01% |
54,237
+39,502
| +268% | +$1.91M |
|
2112
Acadia Pharmaceuticals
ACAD
$5.12B
| $2.61M | ﹤0.01% |
86,781
+25,112
| +41% | +$803K |
|
|
BLUE
2113
DELISTED
bluebird bio
BLUE
| $2.61M | ﹤0.01% |
+1,133
| New | +$2.3M |
|
|
CBPO
2114
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $2.61M | ﹤0.01% |
33,176
+9,932
| +43% | +$826K |
|
2115
State Street SPDR S&P Metals & Mining ETF
XME
$4.88B
| $2.61M | ﹤0.01% |
71,810
-67,594
| -48% | -$2.2M |
|
2116
PDS Biotechnology
PDSB
$12.8M
| $2.61M | ﹤0.01% |
13,920
-2,136
| -13% | -$430K |
|
|
ATSG
2117
DELISTED
Air Transport Services Group
ATSG
| $2.61M | ﹤0.01% |
112,646
+9,888
| +10% | +$236K |
|
2118
CALL
VanEck Oil Services ETF
OIH
$1.93B
| $2.6M | ﹤0.01% |
+5,000
| New | +$2.48M |
|
2119
Extra Space Storage
EXR
$30.4B
| $2.6M | ﹤0.01% |
29,760
-180,797
| -86% | -$15.2M |
|
|
BT
2120
DELISTED
BT Group plc (ADR)
BT
| $2.6M | ﹤0.01% |
142,772
+87,665
| +159% | +$1.55M |
|
2121
Carlyle Secured Lending
CGBD
$797M
| $2.6M | ﹤0.01% |
+129,677
| New | +$2.39M |
|
|
IVTY
2122
DELISTED
Invuity, Inc
IVTY
| $2.59M | ﹤0.01% |
418,116
+87,587
| +26% | +$712K |
|
2123
Middlesex Water
MSEX
$1.09B
| $2.58M | ﹤0.01% |
+64,589
| New | +$2.78M |
|
2124
Senseonics Holdings Inc
SENS
$508M
| $2.57M | ﹤0.01% |
48,360
+6,432
| +15% | +$357K |
|
|
PARA
2125
DELISTED
Paramount Global Class B
PARA
| $2.57M | ﹤0.01% |
43,591
-1,252,741
| -97% | -$72M |
|
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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.