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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.75% |
| 2 | Technology | 13.18% |
| 3 | Healthcare | 11.51% |
| 4 | Industrials | 10.45% |
| 5 | Consumer Discretionary | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2151
Global Net Lease
GNL
$2.11B
| $2.05M | ﹤0.01% |
93,725
-109,305
| -54% | -$2.37M |
|
2152
SLR Investment Corp
SLRC
$682M
| $2.05M | ﹤0.01% |
94,774
+79,519
| +521% | +$1.71M |
|
2153
Marriott Vacations Worldwide
VAC
$3.95B
| $2.04M | ﹤0.01% |
16,409
-40,905
| -71% | -$4.71M |
|
|
PES
2154
DELISTED
Pioneer Energy Services Corp.
PES
| $2.04M | ﹤0.01% |
799,115
-555,119
| -41% | -$1.18M |
|
|
LUMO
2155
CALL
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
| $2.04M | ﹤0.01% |
+22,222
| New | +$1.7M |
|
|
QADA
2156
DELISTED
QAD Inc.
QADA
| $2.04M | ﹤0.01% |
59,271
-848
| -1% | -$27.2K |
|
2157
BRC Group Holdings
RILY
$285M
| $2.03M | ﹤0.01% |
119,167
-145,519
| -55% | -$2.53M |
|
|
NAK
2158
Northern Dynasty Minerals
NAK
$984M
| $2.02M | ﹤0.01% |
1,123,170
-326,830
| -23% | -$517K |
|
2159
Marcus & Millichap
MMI
$1.22B
| $2.02M | ﹤0.01% |
+74,840
| New | +$1.95M |
|
|
SDRL
2160
DELISTED
Seadrill Limited Common Stock
SDRL
| $2.02M | ﹤0.01% |
21,556
+2,755
| +15% | +$240K |
|
2161
Allegiant Air
ALGT
$2.26B
| $2.01M | ﹤0.01% |
15,229
-40,365
| -73% | -$5.2M |
|
|
CLR
2162
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $2M | ﹤0.01% |
51,764
-620,064
| -92% | -$21.1M |
|
2163
Teekay
TK
$1.07B
| $1.99M | ﹤0.01% |
+223,214
| New | +$1.95M |
|
|
LGTY
2164
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $1.99M | ﹤0.01% |
175,092
-22,201
| -11% | -$226K |
|
|
SGEN
2165
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.99M | ﹤0.01% |
36,526
-111,565
| -75% | -$5.71M |
|
2166
iShares S&P 500 Value ETF
IVE
$50.3B
| $1.98M | ﹤0.01% |
18,369
-11,360
| -38% | -$1.2M |
|
2167
Schwab US Dividend Equity ETF
SCHD
$112B
| $1.98M | ﹤0.01% |
+126,984
| New | +$1.94M |
|
2168
Talphera
TLPH
$65.4M
| $1.98M | ﹤0.01% |
21,518
-2,143
| -9% | -$134K |
|
2169
CALL
Cadence Design Systems
CDNS
$92.2B
| $1.97M | ﹤0.01% |
50,000
| – | – |
|
2170
Magnite
MGNI
$3.35B
| $1.97M | ﹤0.01% |
506,818
-40,185
| -7% | -$171K |
|
2171
STRATTEC Security
STRT
$304M
| $1.97M | ﹤0.01% |
48,186
-21,840
| -31% | -$788K |
|
|
ENZ
2172
DELISTED
Enzo Biochem, Inc.
ENZ
| $1.97M | ﹤0.01% |
188,199
+130,986
| +229% | +$1.45M |
|
2173
Consolidated Edison
ED
$40B
| $1.96M | ﹤0.01% |
+24,342
| New | +$2.02M |
|
|
EXAC
2174
DELISTED
Exactech Inc
EXAC
| $1.96M | ﹤0.01% |
59,574
+8,563
| +17% | +$257K |
|
2175
PUT
Becton Dickinson
BDX
$51.8B
| $1.96M | ﹤0.01% |
+10,250
| New | +$1.99M |
|
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Israel Englander's Q3 2017 Portfolio in Review
As of Q3 2017, Israel Englander held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Israel Englander deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Israel Englander's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Israel Englander added most to Salesforce in Q3 2017, an estimated $208M increase.
- Israel Englander's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Israel Englander fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Israel Englander opened 794 new positions and closed 737 in Q3 2017.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.