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 | |
|---|---|---|---|---|---|---|
|
MNTA
2251
CALL
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.09M | ﹤0.01% |
+150,000
| New | +$2.03M |
|
2252
Penumbra
PEN
$12.6B
| $2.09M | ﹤0.01% |
+22,220
| New | +$2.2M |
|
2253
MarketAxess Holdings
MKTX
$5.72B
| $2.08M | ﹤0.01% |
10,326
-45,983
| -82% | -$8.68M |
|
|
EGOV
2254
DELISTED
NIC Inc
EGOV
| $2.08M | ﹤0.01% |
125,383
-734,313
| -85% | -$12.4M |
|
|
PF
2255
CALL
DELISTED
Pinnacle Foods, Inc.
PF
| $2.08M | ﹤0.01% |
35,000
-220,000
| -86% | -$12.4M |
|
2256
Methode Electronics
MEI
$631M
| $2.08M | ﹤0.01% |
51,833
+15,992
| +45% | +$712K |
|
|
BHBK
2257
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $2.08M | ﹤0.01% |
103,229
-42,380
| -29% | -$873K |
|
2258
Fox Factory Holding Corp
FOXF
$887M
| $2.07M | ﹤0.01% |
53,375
+45,477
| +576% | +$1.84M |
|
2259
CALL
Ralph Lauren
RL
$21B
| $2.07M | ﹤0.01% |
+20,000
| New | +$1.85M |
|
2260
Star Bulk Carriers
SBLK
$3.4B
| $2.07M | ﹤0.01% |
184,106
-32,807
| -15% | -$340K |
|
|
IOTS
2261
DELISTED
Adesto Technologies Corp
IOTS
| $2.07M | ﹤0.01% |
321,177
+292,681
| +1,027% | +$2.22M |
|
2262
Fate Therapeutics
FATE
$304M
| $2.07M | ﹤0.01% |
338,799
+303,999
| +874% | +$1.36M |
|
2263
WPP
WPP
$5.6B
| $2.07M | ﹤0.01% |
22,834
-2,293
| -9% | -$203K |
|
2264
Pixelworks
PXLW
$41.8M
| $2.06M | ﹤0.01% |
27,091
+3,381
| +14% | +$229K |
|
2265
Invesco S&P 500 Low Volatility ETF
SPLV
$7.03B
| $2.06M | ﹤0.01% |
43,101
+37,261
| +638% | +$1.76M |
|
|
TRIB
2266
Trinity Biotech
TRIB
$7.93M
| $2.06M | ﹤0.01% |
2,691
+464
| +21% | +$359K |
|
|
XHR
2267
Xenia Hotels & Resorts
XHR
$1.78B
| $2.06M | ﹤0.01% |
95,237
-592,966
| -86% | -$12.9M |
|
2268
National Vision
EYE
$1.41B
| $2.05M | ﹤0.01% |
+50,586
| New | +$1.66M |
|
2269
Flowers Foods
FLO
$1.48B
| $2.05M | ﹤0.01% |
+106,158
| New | +$2.04M |
|
|
SNCR
2270
DELISTED
Synchronoss Technologies
SNCR
| $2.05M | ﹤0.01% |
25,480
+21,322
| +513% | +$2.06M |
|
2271
Sasol
SSL
$7.44B
| $2.05M | ﹤0.01% |
59,870
-86,066
| -59% | -$2.6M |
|
|
TOO
2272
DELISTED
Teekay Offshore Partners L.P.
TOO
| $2.04M | ﹤0.01% |
866,002
+58,345
| +7% | +$143K |
|
2273
Clean Energy Fuels
CLNE
$353M
| $2.04M | ﹤0.01% |
1,005,241
-395,600
| -28% | -$874K |
|
2274
RLI Corp
RLI
$5.89B
| $2.04M | ﹤0.01% |
67,278
+25,768
| +62% | +$757K |
|
2275
TripAdvisor
TRIP
$1.15B
| $2.04M | ﹤0.01% |
59,129
+52,742
| +826% | +$1.91M |
|
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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.