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 | |
|---|---|---|---|---|---|---|
201
Steel Dynamics
STLD
$32.8B
| $83.5M | 0.12% |
1,935,141
+1,199,224
| +163% | +$46.1M |
|
202
Ford
F
$57.5B
| $83.4M | 0.12% |
6,680,148
-24,129
| -0.4% | -$297K |
|
203
MGM Resorts International
MGM
$11B
| $82.1M | 0.11% |
2,458,545
+1,752,560
| +248% | +$56.5M |
|
204
Range Resources
RRC
$9.59B
| $82M | 0.11% |
4,809,389
+2,245,431
| +88% | +$40.4M |
|
205
Alcoa
AA
$13.7B
| $81.6M | 0.11% |
1,515,425
-1,015,422
| -40% | -$46.4M |
|
206
PayPal
PYPL
$52.7B
| $81.2M | 0.11% |
+1,103,027
| New | +$79.8M |
|
|
FL
207
DELISTED
Foot Locker
FL
| $81.1M | 0.11% |
1,729,137
-39,371
| -2% | -$1.47M |
|
208
Ulta Beauty
ULTA
$22.4B
| $81M | 0.11% |
362,115
+331,792
| +1,094% | +$70.2M |
|
209
PUT
Intel
INTC
$476B
| $80.8M | 0.11% |
+1,750,000
| New | +$76.4M |
|
210
Spectrum Brands
SPB
$2B
| $80.7M | 0.11% |
717,699
+536,798
| +297% | +$58.7M |
|
|
COL
211
DELISTED
Rockwell Collins
COL
| $80.5M | 0.11% |
593,268
+376,081
| +173% | +$50.4M |
|
212
Vipshop
VIPS
$6.98B
| $80.4M | 0.11% |
6,860,781
+5,823,538
| +561% | +$51.5M |
|
213
Kinder Morgan
KMI
$69B
| $80.2M | 0.11% |
4,439,169
+1,723,021
| +63% | +$30.9M |
|
214
Cisco
CSCO
$438B
| $80.2M | 0.11% |
2,094,333
+1,956,143
| +1,416% | +$69.9M |
|
|
COHR
215
DELISTED
Coherent Inc
COHR
| $79.7M | 0.11% |
282,579
-82,824
| -23% | -$23.1M |
|
|
WCG
216
DELISTED
Wellcare Health Plans, Inc.
WCG
| $79.7M | 0.11% |
396,329
+121,416
| +44% | +$23.5M |
|
217
Alphabet (Google) Class C
GOOG
$4.18T
| $79.6M | 0.11% |
1,521,020
+1,197,640
| +370% | +$61M |
|
218
Emerson Electric
EMR
$87.7B
| $78.6M | 0.11% |
+1,127,865
| New | +$73.1M |
|
|
MXIM
219
DELISTED
Maxim Integrated Products
MXIM
| $78M | 0.11% |
1,491,438
-297,404
| -17% | -$15.5M |
|
220
Meritage Homes
MTH
$4.67B
| $78M | 0.11% |
3,045,734
+243,344
| +9% | +$6.03M |
|
221
Advance Auto Parts
AAP
$2.57B
| $77.8M | 0.11% |
780,735
+324,115
| +71% | +$29.8M |
|
222
Oshkosh
OSK
$9.7B
| $77.8M | 0.11% |
855,802
+284,222
| +50% | +$24.9M |
|
|
X
223
DELISTED
US Steel
X
| $77.8M | 0.11% |
2,210,301
+2,200,907
| +23,429% | +$64M |
|
224
ProPetro Holding
PUMP
$1.39B
| $77.7M | 0.11% |
3,852,658
+3,237,007
| +526% | +$54.9M |
|
225
Westlake Corp
WLK
$10.1B
| $77.5M | 0.11% |
727,678
-615,365
| -46% | -$57M |
|
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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 $3.05B 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.