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 | |
|---|---|---|---|---|---|---|
201
Madison Square Garden
MSGS
$9.78B
| $77.6M | 0.12% |
508,142
-1,744
| -0.3% | -$264K |
|
202
Intuit
INTU
$100B
| $77M | 0.12% |
541,887
-461,700
| -46% | -$63.7M |
|
203
Dana Inc
DAN
$3.41B
| $77M | 0.12% |
2,754,417
+2,040,458
| +286% | +$49.5M |
|
|
MSCC
204
DELISTED
Microsemi Corp
MSCC
| $76.5M | 0.12% |
1,485,413
+561,541
| +61% | +$28.2M |
|
|
PDCE
205
DELISTED
PDC Energy, Inc.
PDCE
| $76.4M | 0.12% |
1,557,861
+1,245,217
| +398% | +$53.6M |
|
|
WFT
206
DELISTED
Weatherford International plc
WFT
| $76.3M | 0.12% |
16,666,963
+12,743,072
| +325% | +$52.7M |
|
207
OGE Energy
OGE
$9.42B
| $76.3M | 0.12% |
2,117,947
-336,900
| -14% | -$12M |
|
208
Unum
UNM
$13.9B
| $76.1M | 0.12% |
1,488,292
+1,174,546
| +374% | +$57.3M |
|
209
AutoZone
AZO
$48.3B
| $75.8M | 0.12% |
127,438
+107,695
| +545% | +$57.4M |
|
210
JPMorgan Chase
JPM
$935B
| $75.5M | 0.12% |
790,429
-15,521
| -2% | -$1.43M |
|
211
Host Hotels & Resorts
HST
$15.9B
| $75.4M | 0.11% |
4,080,084
+2,705,750
| +197% | +$49.2M |
|
|
PARA
212
DELISTED
Paramount Global Class B
PARA
| $75.2M | 0.11% |
1,296,332
+83,957
| +7% | +$5.3M |
|
213
Microchip Technology
MCHP
$41.3B
| $74.8M | 0.11% |
1,665,848
-571,782
| -26% | -$24M |
|
214
Franklin Templeton, Inc.
BEN
$17.4B
| $74.7M | 0.11% |
1,677,720
+1,360,340
| +429% | +$59.6M |
|
215
Labcorp
LH
$27.3B
| $74.3M | 0.11% |
572,643
+549,847
| +2,412% | +$73.3M |
|
216
Delta Air Lines
DAL
$54.2B
| $73.5M | 0.11% |
1,523,613
-1,630,786
| -52% | -$81.3M |
|
|
VVC
217
DELISTED
Vectren Corporation
VVC
| $73.3M | 0.11% |
1,115,130
+795,173
| +249% | +$49.8M |
|
218
Norfolk Southern
NSC
$78.8B
| $72.8M | 0.11% |
550,440
-180,231
| -25% | -$21.9M |
|
|
DCT
219
DELISTED
DCT Industrial Trust Inc.
DCT
| $72.8M | 0.11% |
1,256,501
+132,205
| +12% | +$7.5M |
|
220
Mohawk Industries
MHK
$9.23B
| $72.8M | 0.11% |
294,007
-72,511
| -20% | -$18.1M |
|
|
NVRO
221
DELISTED
NEVRO CORP.
NVRO
| $72.7M | 0.11% |
800,360
-160,788
| -17% | -$13.8M |
|
222
National Health Investors
NHI
$3.6B
| $72M | 0.11% |
931,823
+109,081
| +13% | +$8.53M |
|
223
Cheniere Energy
LNG
$57.3B
| $72M | 0.11% |
1,597,671
+510,548
| +47% | +$22.6M |
|
|
UMPQ
224
DELISTED
Umpqua Holdings Corp
UMPQ
| $71.9M | 0.11% |
3,687,161
+1,429,319
| +63% | +$26M |
|
225
Intercontinental Exchange
ICE
$90.5B
| $71.6M | 0.11% |
1,042,859
+221,777
| +27% | +$14.6M |
|
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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.