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 | |
|---|---|---|---|---|---|---|
|
BBT
2351
Beacon Financial Corp
BBT
$2.64B
| $1.79M | ﹤0.01% |
49,002
-344,228
| -88% | -$13.1M |
|
2352
Cohen & Steers Quality Income Realty Fund
RQI
$1.67B
| $1.79M | ﹤0.01% |
141,189
+96,383
| +215% | +$1.21M |
|
2353
TechTarget
TTGT
$283M
| $1.78M | ﹤0.01% |
127,801
+97,731
| +325% | +$1.27M |
|
|
FMI
2354
DELISTED
Foundation Medicine, Inc.
FMI
| $1.78M | ﹤0.01% |
+26,056
| New | +$1.35M |
|
2355
FTI Consulting
FCN
$4.2B
| $1.77M | ﹤0.01% |
41,263
-256,656
| -86% | -$10.5M |
|
|
FLG
2356
Flagstar Bank National Association
FLG
$5.58B
| $1.77M | ﹤0.01% |
+45,227
| New | +$1.75M |
|
2357
iShares MSCI Canada ETF
EWC
$6.91B
| $1.77M | ﹤0.01% |
59,584
+33,277
| +126% | +$969K |
|
2358
CALL
Golar LNG
GLNG
$5.26B
| $1.76M | ﹤0.01% |
59,200
-310,800
| -84% | -$7.47M |
|
2359
Banco de Chile
BCH
$21B
| $1.76M | ﹤0.01% |
56,009
+46,412
| +484% | +$1.36M |
|
|
CCRN
2360
DELISTED
Cross Country Healthcare
CCRN
| $1.75M | ﹤0.01% |
136,909
+91,169
| +199% | +$1.2M |
|
|
HSTO
2361
DELISTED
Histogen Inc. Common Stock
HSTO
| $1.75M | ﹤0.01% |
1,890
-1,344
| -42% | -$1.24M |
|
2362
CALL
GE Aerospace
GE
$356B
| $1.75M | ﹤0.01% |
20,866
-20,866
| -50% | -$1.99M |
|
|
PZN
2363
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $1.74M | ﹤0.01% |
162,993
+75,046
| +85% | +$842K |
|
|
WDR
2364
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $1.74M | ﹤0.01% |
+77,682
| New | +$1.58M |
|
|
IRBT
2365
DELISTED
iRobot
IRBT
| $1.73M | ﹤0.01% |
22,591
+18,111
| +404% | +$1.3M |
|
2366
Viavi Solutions
VIAV
$9.49B
| $1.73M | ﹤0.01% |
198,262
-1,318,350
| -87% | -$11.9M |
|
|
ABAX
2367
DELISTED
Abaxis Inc
ABAX
| $1.73M | ﹤0.01% |
34,936
-194,218
| -85% | -$9.27M |
|
|
FG
2368
DELISTED
FGL Holdings Ordinary Shares
FG
| $1.73M | ﹤0.01% |
171,604
-65,922
| -28% | -$676K |
|
|
NVTR
2369
DELISTED
Nuvectra Corporation Common Stock
NVTR
| $1.72M | ﹤0.01% |
221,992
-77,087
| -26% | -$810K |
|
2370
J&J Snack Foods
JJSF
$1.64B
| $1.72M | ﹤0.01% |
+11,336
| New | +$1.59M |
|
2371
Cavco Industries
CVCO
$4.39B
| $1.72M | ﹤0.01% |
11,272
-41,221
| -79% | -$6.19M |
|
2372
Pegasystems
PEGA
$5.9B
| $1.72M | ﹤0.01% |
+72,962
| New | +$1.96M |
|
2373
Sonic Automotive
SAH
$2.51B
| $1.71M | ﹤0.01% |
92,875
+73,532
| +380% | +$1.5M |
|
|
NFJ
2374
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.44B
| $1.71M | ﹤0.01% |
+131,273
| New | +$1.75M |
|
|
AYR
2375
DELISTED
Aircastle Ltd
AYR
| $1.71M | ﹤0.01% |
73,166
-358,488
| -83% | -$8.42M |
|
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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.