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 |
AABA
Altaba Inc
AABA
|
+$862M |
| 2 |
EA
Electronic Arts
EA
|
+$196M |
| 3 |
Bank of America
BAC
|
+$187M |
| 4 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$183M |
| 5 |
Regions Financial
RF
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$290M |
| 2 |
Huntsman Corp
HUN
|
+$181M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$164M |
| 4 |
Targa Resources
TRGP
|
+$154M |
| 5 |
Fortive
FTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Financials | 12.22% |
| 3 | Technology | 12.2% |
| 4 | Industrials | 9.84% |
| 5 | Consumer Discretionary | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LLL
201
DELISTED
L3 Technologies, Inc.
LLL
| $69.3M | 0.12% |
415,060
+199,217
| +92% | +$33.2M |
|
|
MRC
202
DELISTED
MRC Global
MRC
| $69.3M | 0.12% |
4,193,264
+954,281
| +29% | +$17.5M |
|
|
CONE
203
DELISTED
CyrusOne Inc Common Stock
CONE
| $69.3M | 0.12% |
1,242,456
+512,411
| +70% | +$28.3M |
|
204
Mid-America Apartment Communities
MAA
$15.2B
| $69.1M | 0.12% |
655,784
+14,128
| +2% | +$1.45M |
|
205
Sherwin-Williams
SHW
$84.1B
| $69.1M | 0.12% |
590,562
+91,776
| +18% | +$10.3M |
|
206
West Pharmaceutical
WST
$24.8B
| $69M | 0.12% |
730,325
-316,560
| -30% | -$29.1M |
|
207
Intel
INTC
$476B
| $68.8M | 0.12% |
2,039,684
-1,517,274
| -43% | -$54.3M |
|
|
MON
208
DELISTED
Monsanto Co
MON
| $68.6M | 0.12% |
579,864
+49,730
| +9% | +$5.8M |
|
209
TJX Companies
TJX
$155B
| $68.5M | 0.12% |
1,898,736
-1,916,018
| -50% | -$72.2M |
|
210
Enovis
ENOV
$1.5B
| $68.3M | 0.12% |
1,008,393
+764,580
| +314% | +$52.1M |
|
211
PUT
Darden Restaurants
DRI
$25.2B
| $67.8M | 0.12% |
+750,000
| New | +$65.5M |
|
212
Eaton
ETN
$163B
| $67.6M | 0.12% |
868,911
+865,155
| +23,034% | +$65.9M |
|
|
ABMD
213
DELISTED
Abiomed Inc
ABMD
| $67.2M | 0.12% |
468,897
+55,783
| +14% | +$7.5M |
|
214
Cadence Design Systems
CDNS
$87.9B
| $67.1M | 0.12% |
2,003,014
-178,141
| -8% | -$5.93M |
|
215
DaVita
DVA
$11.1B
| $67.1M | 0.12% |
1,035,447
-661,672
| -39% | -$43.8M |
|
216
Arthur J. Gallagher & Co
AJG
$67.6B
| $67M | 0.12% |
1,170,400
+170,101
| +17% | +$9.61M |
|
217
NRG Energy
NRG
$23.8B
| $66.6M | 0.12% |
3,868,314
-87,112
| -2% | -$1.46M |
|
218
Motorola Solutions
MSI
$79.5B
| $66.4M | 0.12% |
765,525
+168,462
| +28% | +$14.3M |
|
219
NetApp
NTAP
$37.7B
| $66.2M | 0.12% |
1,652,798
+794,291
| +93% | +$31.7M |
|
220
CALL
Alcoa
AA
$13.7B
| $65.3M | 0.12% |
2,000,000
+1,500,000
| +300% | +$48.7M |
|
|
BBL
221
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $65.2M | 0.12% |
2,118,582
+281,769
| +15% | +$8.65M |
|
222
National Health Investors
NHI
$3.6B
| $65.2M | 0.12% |
822,742
-55,915
| -6% | -$4.23M |
|
223
Progressive
PGR
$127B
| $64.9M | 0.12% |
1,473,022
-2,337,914
| -61% | -$97.1M |
|
224
Royal Caribbean
RCL
$78.1B
| $64.6M | 0.12% |
591,777
+372,177
| +169% | +$39.5M |
|
225
AB InBev
BUD
$155B
| $64.5M | 0.12% |
+584,287
| New | +$66.9M |
|
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Israel Englander's Q2 2017 Portfolio in Review
As of Q2 2017, Israel Englander held 4,244 positions worth $56.1B, up 2.7% from $54.6B the previous quarter. Its ten largest holdings account for 6.5% of the portfolio.
Israel Englander's Q2 2017 filing shows 803 new, 1,286 increased, 1,278 reduced and 840 closed positions. Its largest new stake was Altaba Inc: 15,840,905 shares worth $863M. The largest sale was American Electric Power, an estimated $290M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Technology.
- Israel Englander's largest Q2 2017 buy was Altaba Inc: 15,840,905 shares worth $863M.
- Israel Englander added most to Electronic Arts in Q2 2017, an estimated $196M increase.
- Israel Englander's biggest Q2 2017 reduction was American Electric Power, cutting an estimated $290M.
- Israel Englander fully exited GGP Inc. in Q2 2017, selling an estimated $125M.
- Israel Englander's ten largest holdings make up 6.5% of its $56.1B portfolio in Q2 2017.
- Israel Englander opened 803 new positions and closed 840 in Q2 2017.
- Israel Englander's portfolio value rose 2.7% quarter-over-quarter to $56.1B.
Based on Millennium Management's 13F filing for Q2 2017, filed 14 Aug 2017.