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 | |
|---|---|---|---|---|---|---|
2426
CALL
Stryker
SYK
$124B
| $1.55M | ﹤0.01% |
+10,000
| New | +$1.53M |
|
|
2427
PUT
Stryker
SYK
$124B
| $1.55M | ﹤0.01% |
10,000
-20,000
| -67% | -$3.05M |
|
2428
Unitil
UTL
$973M
| $1.55M | ﹤0.01% |
33,928
-9,144
| -21% | -$459K |
|
|
COL
2429
PUT
DELISTED
Rockwell Collins
COL
| $1.55M | ﹤0.01% |
11,400
| – | – |
|
2430
Amkor Technology
AMKR
$12.8B
| $1.54M | ﹤0.01% |
+153,215
| New | +$1.64M |
|
2431
Shopify
SHOP
$199B
| $1.54M | ﹤0.01% |
+152,230
| New | +$1.56M |
|
|
ALOG
2432
DELISTED
Analogic Corp
ALOG
| $1.54M | ﹤0.01% |
18,356
-42,429
| -70% | -$3.51M |
|
2433
Varex Imaging
VREX
$780M
| $1.53M | ﹤0.01% |
38,014
-612,296
| -94% | -$22M |
|
|
AXE
2434
DELISTED
Anixter International Inc
AXE
| $1.53M | ﹤0.01% |
20,081
+12,426
| +162% | +$914K |
|
2435
Badger Meter
BMI
$4B
| $1.52M | ﹤0.01% |
31,901
+12,171
| +62% | +$564K |
|
|
EMBJ
2436
CALL
Embraer S.A. ADS
EMBJ
$13.4B
| $1.52M | ﹤0.01% |
+63,700
| New | +$1.31M |
|
|
AHRT
2437
AH Realty Trust
AHRT
$495M
| $1.52M | ﹤0.01% |
+98,058
| New | +$1.46M |
|
2438
Alkermes
ALKS
$8.23B
| $1.52M | ﹤0.01% |
27,807
-221,034
| -89% | -$11.3M |
|
|
CCXI
2439
DELISTED
ChemoCentryx, Inc.
CCXI
| $1.52M | ﹤0.01% |
255,831
+37,069
| +17% | +$254K |
|
|
TYME
2440
DELISTED
Tyme Technologies, Inc. Common Stock
TYME
| $1.52M | ﹤0.01% |
238,125
+180,620
| +314% | +$806K |
|
|
MLPI
2441
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| $1.51M | ﹤0.01% |
+62,608
| New | +$1.49M |
|
2442
Arrow Electronics
ARW
$10.6B
| $1.51M | ﹤0.01% |
18,801
-42,490
| -69% | -$3.41M |
|
|
ALTR
2443
DELISTED
Altair Engineering Inc
ALTR
| $1.51M | ﹤0.01% |
+63,115
| New | +$1.4M |
|
2444
Usana Health Sciences
USNA
$258M
| $1.51M | ﹤0.01% |
20,367
-37,301
| -65% | -$2.5M |
|
|
GBL
2445
DELISTED
GAMCO Investors, Inc.
GBL
| $1.51M | ﹤0.01% |
50,822
-1,074
| -2% | -$31.4K |
|
2446
Novavax
NVAX
$1.49B
| $1.5M | ﹤0.01% |
60,598
-158,612
| -72% | -$3.87M |
|
|
CETV
2447
DELISTED
Central European Media Enterprises Ltd
CETV
| $1.5M | ﹤0.01% |
323,300
+189,946
| +142% | +$871K |
|
|
CERN
2448
DELISTED
Cerner Corp
CERN
| $1.5M | ﹤0.01% |
+22,240
| New | +$1.54M |
|
2449
Immunic
IMUX
$222M
| $1.49M | ﹤0.01% |
626
-432
| -41% | -$955K |
|
2450
Clorox
CLX
$12.5B
| $1.48M | ﹤0.01% |
9,970
-115,617
| -92% | -$15.7M |
|
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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.