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 |
AABA
Altaba Inc
AABA
|
+$862M |
| 2 |
EA
Electronic Arts
EA
|
+$196M |
| 3 |
Bank of America
BAC
|
+$187M |
| 4 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$183M |
| 5 |
Regions Financial
RF
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$290M |
| 2 |
Huntsman Corp
HUN
|
+$181M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$164M |
| 4 |
Targa Resources
TRGP
|
+$154M |
| 5 |
Fortive
FTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Financials | 12.22% |
| 3 | Technology | 12.2% |
| 4 | Industrials | 9.84% |
| 5 | Consumer Discretionary | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
USAK
2401
DELISTED
USA Truck Inc
USAK
| $1.1M | ﹤0.01% |
+126,585
| New | +$869K |
|
|
VLRS
2402
Controladora Vuela Compania de Aviacion
VLRS
$804M
| $1.09M | ﹤0.01% |
+75,151
| New | +$1.03M |
|
2403
Clarus
CLAR
$143M
| $1.09M | ﹤0.01% |
164,661
-82,178
| -33% | -$483K |
|
2404
Workiva
WK
$4.05B
| $1.09M | ﹤0.01% |
57,126
+17,011
| +42% | +$301K |
|
|
ISD
2405
PGIM High Yield Bond Fund
ISD
$412M
| $1.09M | ﹤0.01% |
71,204
+38,293
| +116% | +$591K |
|
2406
Chefs' Warehouse
CHEF
$4.57B
| $1.08M | ﹤0.01% |
+83,296
| New | +$1.2M |
|
|
PHH
2407
DELISTED
PHH Corporation
PHH
| $1.08M | ﹤0.01% |
78,442
+8,696
| +12% | +$116K |
|
|
PNNT
2408
Pennant Park Investment Corp
PNNT
$246M
| $1.08M | ﹤0.01% |
145,778
-36,925
| -20% | -$285K |
|
2409
WSFS Financial
WSFS
$4.02B
| $1.08M | ﹤0.01% |
23,747
-1,154
| -5% | -$52.7K |
|
|
RELY
2410
DELISTED
Real Industry, Inc.
RELY
| $1.08M | ﹤0.01% |
371,190
+243,858
| +192% | +$665K |
|
2411
Capitol Federal Financial
CFFN
$1.07B
| $1.07M | ﹤0.01% |
75,560
-15,837
| -17% | -$226K |
|
2412
iShares Semiconductor ETF
SOXX
$42B
| $1.07M | ﹤0.01% |
22,992
+17,436
| +314% | +$822K |
|
2413
Keysight
KEYS
$54.8B
| $1.07M | ﹤0.01% |
27,542
-392,067
| -93% | -$14.8M |
|
|
RTEC
2414
DELISTED
Rudolph Technologies Inc
RTEC
| $1.07M | ﹤0.01% |
46,828
-157,233
| -77% | -$3.74M |
|
|
ALJ
2415
DELISTED
Alon USA Energy Inc
ALJ
| $1.07M | ﹤0.01% |
80,264
+2,118
| +3% | +$26.3K |
|
|
MACK
2416
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $1.07M | ﹤0.01% |
109,334
+54,998
| +101% | +$1.12M |
|
2417
Shore Bancshares
SHBI
$771M
| $1.06M | ﹤0.01% |
64,767
-18,095
| -22% | -$300K |
|
|
ESND
2418
DELISTED
Essendant Inc.
ESND
| $1.06M | ﹤0.01% |
+71,571
| New | +$1.13M |
|
|
VXX
2419
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $1.06M | ﹤0.01% |
20,766
-235,242
| -92% | -$13.6M |
|
2420
PUT
Domino's
DPZ
$11.4B
| $1.06M | ﹤0.01% |
+5,000
| New | +$987K |
|
2421
Constellium
CSTM
$3.68B
| $1.06M | ﹤0.01% |
153,038
+45,016
| +42% | +$293K |
|
|
EXAS
2422
DELISTED
Exact Sciences
EXAS
| $1.05M | ﹤0.01% |
29,782
-3,116,164
| -99% | -$96.2M |
|
2423
Monro
MNRO
$394M
| $1.05M | ﹤0.01% |
+25,225
| New | +$1.26M |
|
2424
SiriusPoint
SPNT
$2.79B
| $1.05M | ﹤0.01% |
75,622
-320,745
| -81% | -$4.07M |
|
2425
Telkom Indonesia
TLK
$14.5B
| $1.05M | ﹤0.01% |
31,195
-33,171
| -52% | -$1.08M |
|
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Israel Englander's Q2 2017 Portfolio in Review
As of Q2 2017, Israel Englander held 4,244 positions worth $56.1B, up 2.7% from $54.6B the previous quarter. Its ten largest holdings account for 6.5% of the portfolio.
Israel Englander's Q2 2017 filing shows 803 new, 1,286 increased, 1,278 reduced and 840 closed positions. Its largest new stake was Altaba Inc: 15,840,905 shares worth $863M. The largest sale was American Electric Power, an estimated $290M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Technology.
- Israel Englander's largest Q2 2017 buy was Altaba Inc: 15,840,905 shares worth $863M.
- Israel Englander added most to Electronic Arts in Q2 2017, an estimated $196M increase.
- Israel Englander's biggest Q2 2017 reduction was American Electric Power, cutting an estimated $290M.
- Israel Englander fully exited GGP Inc. in Q2 2017, selling an estimated $125M.
- Israel Englander's ten largest holdings make up 6.5% of its $56.1B portfolio in Q2 2017.
- Israel Englander opened 803 new positions and closed 840 in Q2 2017.
- Israel Englander's portfolio value rose 2.7% quarter-over-quarter to $56.1B.
Based on Millennium Management's 13F filing for Q2 2017, filed 14 Aug 2017.