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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.75% |
| 2 | Technology | 13.18% |
| 3 | Healthcare | 11.51% |
| 4 | Industrials | 10.45% |
| 5 | Consumer Discretionary | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2401
iShares MBS ETF
MBB
$39.2B
| $1.25M | ﹤0.01% |
11,674
-4,730
| -29% | -$507K |
|
2402
Compass Diversified
CODI
$866M
| $1.24M | ﹤0.01% |
70,046
+7,073
| +11% | +$122K |
|
2403
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| $1.24M | ﹤0.01% |
28,501
+14,102
| +98% | +$610K |
|
|
ASXC
2404
DELISTED
Asensus Surgical, Inc.
ASXC
| $1.24M | ﹤0.01% |
66,820
-5,827
| -8% | -$67.8K |
|
2405
Sociedad Química y Minera de Chile
SQM
$22.3B
| $1.24M | ﹤0.01% |
22,294
-451,570
| -95% | -$20.3M |
|
2406
Ubiquiti
UI
$35.3B
| $1.24M | ﹤0.01% |
22,133
+5,258
| +31% | +$303K |
|
2407
MacroGenics
MGNX
$260M
| $1.24M | ﹤0.01% |
67,039
-22,213
| -25% | -$385K |
|
|
BRFS
2408
DELISTED
BRF SA
BRFS
| $1.24M | ﹤0.01% |
85,887
-161,830
| -65% | -$2.11M |
|
|
RPT
2409
Rithm Property Trust
RPT
$102M
| $1.23M | ﹤0.01% |
+15,060
| New | +$1.23M |
|
2410
Marchex
MCHX
$79.4M
| $1.23M | ﹤0.01% |
397,019
-56,463
| -12% | -$168K |
|
|
EOCC
2411
DELISTED
Enel Generacion Chile S.A.
EOCC
| $1.23M | ﹤0.01% |
46,480
-75,400
| -62% | -$1.81M |
|
2412
Stantec
STN
$8.43B
| $1.22M | ﹤0.01% |
+44,072
| New | +$1.17M |
|
2413
WisdomTree Japan Hedged Equity Fund
DXJ
$7.27B
| $1.22M | ﹤0.01% |
22,300
-28,596
| -56% | -$1.5M |
|
|
FCRD
2414
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.22M | ﹤0.01% |
130,660
+47,458
| +57% | +$457K |
|
|
AUD
2415
DELISTED
Audacy, Inc.
AUD
| $1.21M | ﹤0.01% |
+106,000
| New | +$1.08M |
|
2416
Televisa
TV
$1.45B
| $1.21M | ﹤0.01% |
+49,185
| New | +$1.26M |
|
|
QTNA
2417
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $1.21M | ﹤0.01% |
+71,972
| New | +$1.32M |
|
|
COBZ
2418
DELISTED
CoBiz Financial,Inc
COBZ
| $1.21M | ﹤0.01% |
61,457
-73,431
| -54% | -$1.28M |
|
2419
Belden
BDC
$4.61B
| $1.2M | ﹤0.01% |
14,945
-5,451
| -27% | -$412K |
|
|
QTNT
2420
DELISTED
Quotient Limited Ordinary Shares
QTNT
| $1.2M | ﹤0.01% |
6,101
+1,493
| +32% | +$298K |
|
2421
Bassett Furniture
BSET
$161M
| $1.2M | ﹤0.01% |
31,764
+11,164
| +54% | +$413K |
|
|
TRTX
2422
TPG RE Finance Trust
TRTX
$596M
| $1.2M | ﹤0.01% |
+60,570
| New | +$1.2M |
|
2423
Affiliated Managers Group
AMG
$9.57B
| $1.2M | ﹤0.01% |
+6,301
| New | +$1.12M |
|
2424
RLI Corp
RLI
$6B
| $1.19M | ﹤0.01% |
+41,510
| New | +$1.14M |
|
|
CHUBA
2425
DELISTED
CommerceHub, Inc. Series A Common Stock
CHUBA
| $1.19M | ﹤0.01% |
52,751
+8,947
| +20% | +$182K |
|
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Israel Englander's Q3 2017 Portfolio in Review
As of Q3 2017, Israel Englander held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Israel Englander deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Israel Englander's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Israel Englander added most to Salesforce in Q3 2017, an estimated $208M increase.
- Israel Englander's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Israel Englander fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Israel Englander opened 794 new positions and closed 737 in Q3 2017.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.