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 | |
|---|---|---|---|---|---|---|
|
QHC
2326
DELISTED
Quorum Health Corporation
QHC
| $1.86M | ﹤0.01% |
297,610
-2,536
| -0.8% | -$12.7K |
|
|
IVAC
2327
DELISTED
Intevac Inc
IVAC
| $1.85M | ﹤0.01% |
270,638
-358,842
| -57% | -$2.75M |
|
2328
Turkcell
TKC
$4.7B
| $1.85M | ﹤0.01% |
181,487
-315,148
| -63% | -$2.96M |
|
2329
Martin Marietta Materials
MLM
$37.5B
| $1.85M | ﹤0.01% |
8,362
+5,646
| +208% | +$1.18M |
|
|
GCAP
2330
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $1.84M | ﹤0.01% |
184,472
+3,460
| +2% | +$24.8K |
|
|
WSR
2331
DELISTED
Whitestone REIT
WSR
| $1.84M | ﹤0.01% |
+127,859
| New | +$1.81M |
|
2332
AngloGold Ashanti
AU
$59.9B
| $1.84M | ﹤0.01% |
180,296
-196,670
| -52% | -$1.9M |
|
|
TVRD
2333
CALL
Tvardi Therapeutics
TVRD
$24M
| $1.84M | ﹤0.01% |
+4,167
| New | +$1.9M |
|
2334
Nucor
NUE
$57.3B
| $1.83M | ﹤0.01% |
28,855
-99,378
| -77% | -$5.81M |
|
|
CXO
2335
DELISTED
CONCHO RESOURCES INC.
CXO
| $1.83M | ﹤0.01% |
+12,206
| New | +$1.7M |
|
2336
PUT
XPO
XPO
$22.4B
| $1.83M | ﹤0.01% |
+57,828
| New | +$1.48M |
|
|
PERY
2337
DELISTED
Perry Ellis International Inc
PERY
| $1.83M | ﹤0.01% |
73,154
-208,015
| -74% | -$4.96M |
|
2338
Fastenal
FAST
$58.7B
| $1.83M | ﹤0.01% |
133,824
-4,466,908
| -97% | -$55.3M |
|
2339
Illumina
ILMN
$34.4B
| $1.83M | ﹤0.01% |
8,608
-181,471
| -95% | -$37.3M |
|
2340
Farmers National Banc Corp
FMNB
$934M
| $1.83M | ﹤0.01% |
123,869
+37,477
| +43% | +$556K |
|
|
HABT
2341
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $1.82M | ﹤0.01% |
+190,630
| New | +$2.03M |
|
|
CHFN
2342
DELISTED
Charter Financial Corp
CHFN
| $1.82M | ﹤0.01% |
103,644
+16,435
| +19% | +$303K |
|
|
FTD
2343
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $1.82M | ﹤0.01% |
+252,668
| New | +$2.35M |
|
2344
Trex
TREX
$4.69B
| $1.82M | ﹤0.01% |
67,016
+51,004
| +319% | +$1.3M |
|
2345
CALL
CVS Health
CVS
$119B
| $1.81M | ﹤0.01% |
+25,000
| New | +$1.82M |
|
2346
Liberty Media Series A
FWONA
$23.6B
| $1.81M | ﹤0.01% |
57,788
-21,714
| -27% | -$742K |
|
2347
BRC Group Holdings
RILY
$286M
| $1.81M | ﹤0.01% |
100,000
-19,167
| -16% | -$335K |
|
|
BELFB
2348
Bel Fuse Inc Class B
BELFB
$3.72B
| $1.81M | ﹤0.01% |
71,740
+42,469
| +145% | +$1.22M |
|
2349
PUT
Corcept Therapeutics
CORT
$12.6B
| $1.81M | ﹤0.01% |
100,000
| – | – |
|
|
ESGR
2350
DELISTED
Enstar Group
ESGR
| $1.81M | ﹤0.01% |
8,997
+5,337
| +146% | +$1.19M |
|
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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.