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 | |
|---|---|---|---|---|---|---|
2201
Globalstar
GSAT
$10.6B
| $1.87M | ﹤0.01% |
76,318
+25,584
| +50% | +$740K |
|
2202
Employers Holdings
EIG
$884M
| $1.86M | ﹤0.01% |
+41,043
| New | +$1.75M |
|
2203
CALL
Align Technology
ALGN
$11.4B
| $1.86M | ﹤0.01% |
10,000
| – | – |
|
|
SRDX
2204
DELISTED
Surmodics
SRDX
| $1.86M | ﹤0.01% |
60,046
+38,903
| +184% | +$1.06M |
|
|
SODA
2205
DELISTED
SodaStream International Ltd
SODA
| $1.85M | ﹤0.01% |
27,787
+16,594
| +148% | +$966K |
|
2206
OFS Capital
OFS
$49.4M
| $1.84M | ﹤0.01% |
140,036
-124,986
| -47% | -$1.69M |
|
2207
Zai Lab
ZLAB
$2.92B
| $1.84M | ﹤0.01% |
+68,311
| New | +$1.91M |
|
2208
Cohen & Steers
CNS
$4.29B
| $1.84M | ﹤0.01% |
46,671
+1,808
| +4% | +$71.8K |
|
|
PHH
2209
DELISTED
PHH Corporation
PHH
| $1.84M | ﹤0.01% |
132,276
+53,834
| +69% | +$748K |
|
2210
El Pollo Loco
LOCO
$477M
| $1.84M | ﹤0.01% |
151,533
+110,293
| +267% | +$1.36M |
|
2211
GoPro
GPRO
$109M
| $1.83M | ﹤0.01% |
166,680
-169,507
| -50% | -$1.59M |
|
|
HOLX
2212
PUT
DELISTED
Hologic
HOLX
| $1.83M | ﹤0.01% |
50,000
| – | – |
|
|
LVLT
2213
DELISTED
Level 3 Communications Inc
LVLT
| $1.83M | ﹤0.01% |
34,380
-559,222
| -94% | -$31.2M |
|
2214
Diana Shipping
DSX
$335M
| $1.83M | ﹤0.01% |
721,188
+584,468
| +427% | +$1.63M |
|
2215
MYR Group
MYRG
$4.79B
| $1.83M | ﹤0.01% |
62,797
+5,607
| +10% | +$155K |
|
2216
Silgan Holdings
SLGN
$4.54B
| $1.83M | ﹤0.01% |
+62,141
| New | +$1.89M |
|
2217
Clearwater Paper
CLW
$345M
| $1.82M | ﹤0.01% |
37,040
-68,084
| -65% | -$3.19M |
|
|
SECO
2218
DELISTED
Secoo Holding Limited ADR
SECO
| $1.82M | ﹤0.01% |
+20,491
| New | +$1.98M |
|
|
ACHN
2219
DELISTED
Achillion Pharmaceuticals
ACHN
| $1.82M | ﹤0.01% |
406,200
-2,609,991
| -87% | -$11.6M |
|
2220
ORIX
IX
$43B
| $1.82M | ﹤0.01% |
+112,595
| New | +$1.81M |
|
|
DSKE
2221
DELISTED
Daseke, Inc. Common Stock
DSKE
| $1.82M | ﹤0.01% |
139,302
+87,938
| +171% | +$1.1M |
|
|
EXAS
2222
DELISTED
Exact Sciences
EXAS
| $1.81M | ﹤0.01% |
38,425
+8,643
| +29% | +$348K |
|
2223
FirstService
FSV
$6.25B
| $1.81M | ﹤0.01% |
27,478
+17,352
| +171% | +$1.13M |
|
|
USAK
2224
DELISTED
USA Truck Inc
USAK
| $1.8M | ﹤0.01% |
128,213
+1,628
| +1% | +$16.5K |
|
2225
Midland States Bancorp
MSBI
$679M
| $1.79M | ﹤0.01% |
56,495
+20,231
| +56% | +$639K |
|
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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.