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 | |
|---|---|---|---|---|---|---|
2226
Scansource
SCSC
$1.18B
| $2.19M | ﹤0.01% |
61,288
+22,605
| +58% | +$883K |
|
|
CVRS
2227
DELISTED
CORINDUS VASCULAR ROBOTICS, INC
CVRS
| $2.19M | ﹤0.01% |
+2,167,608
| New | +$2.45M |
|
2228
Fortis
FTS
$28B
| $2.19M | ﹤0.01% |
59,618
+11,863
| +25% | +$438K |
|
2229
LPL Financial
LPLA
$28.4B
| $2.18M | ﹤0.01% |
38,185
-287,219
| -88% | -$15.1M |
|
2230
Target
TGT
$75.4B
| $2.18M | ﹤0.01% |
33,447
-1,518,064
| -98% | -$91.7M |
|
2231
NETGEAR
NTGR
$597M
| $2.18M | ﹤0.01% |
37,035
-126,448
| -77% | -$6.48M |
|
2232
Donegal Group Class A
DGICA
$705M
| $2.17M | ﹤0.01% |
125,698
+79,035
| +169% | +$1.35M |
|
2233
Caleres
CAL
$421M
| $2.17M | ﹤0.01% |
64,899
+46,321
| +249% | +$1.41M |
|
|
RSO
2234
DELISTED
Resource Capital Corp.
RSO
| $2.17M | ﹤0.01% |
231,217
-24,824
| -10% | -$248K |
|
2235
Boston Beer
SAM
$1.88B
| $2.16M | ﹤0.01% |
11,322
-36,777
| -76% | -$6.57M |
|
2236
Energous
WATT
$65.4M
| $2.15M | ﹤0.01% |
184
+155
| +534% | +$975K |
|
2237
Stewart Information Services
STC
$2.13B
| $2.15M | ﹤0.01% |
50,838
-92,735
| -65% | -$3.66M |
|
2238
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.41B
| $2.14M | ﹤0.01% |
50,474
+31,923
| +172% | +$1.34M |
|
2239
Manulife Financial
MFC
$71.6B
| $2.14M | ﹤0.01% |
102,479
-184,775
| -64% | -$3.84M |
|
2240
Unisys
UIS
$198M
| $2.14M | ﹤0.01% |
+262,319
| New | +$2.15M |
|
2241
Omnicell
OMCL
$1.52B
| $2.13M | ﹤0.01% |
+43,973
| New | +$2.22M |
|
2242
York Water
YORW
$547M
| $2.13M | ﹤0.01% |
62,763
+54,754
| +684% | +$1.93M |
|
|
NAAS
2243
NaaS Technology Inc
NAAS
$55.1M
| $2.13M | ﹤0.01% |
+18
| New | +$1.73M |
|
2244
Nuveen Credit Strategies Income Fund
JQC
$701M
| $2.12M | ﹤0.01% |
257,278
+172,463
| +203% | +$1.43M |
|
|
DEA
2245
Easterly Government Properties
DEA
$1.16B
| $2.11M | ﹤0.01% |
39,600
-149,840
| -79% | -$7.82M |
|
2246
Lantheus
LNTH
$6.56B
| $2.11M | ﹤0.01% |
103,144
-227,000
| -69% | -$4.62M |
|
|
EMKR
2247
DELISTED
Emcore Corp
EMKR
| $2.11M | ﹤0.01% |
32,662
-11,422
| -26% | -$857K |
|
|
KSU
2248
CALL
DELISTED
Kansas City Southern
KSU
| $2.1M | ﹤0.01% |
+20,000
| New | +$2.13M |
|
|
MACK
2249
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $2.1M | ﹤0.01% |
260,003
+178,660
| +220% | +$1.67M |
|
2250
Vanguard Total International Stock ETF
VXUS
$164B
| $2.1M | ﹤0.01% |
36,898
+26,374
| +251% | +$1.47M |
|
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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 $4.49B 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.