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 | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $863M | 1.54% |
+15,840,905
| New | +$862M |
|
|
CMA
2
DELISTED
Comerica
CMA
| $361M | 0.64% |
4,931,684
+1,428,831
| +41% | +$100M |
|
3
PG&E
PCG
$38.8B
| $347M | 0.62% |
5,222,535
-196,093
| -4% | -$13.2M |
|
4
Colgate-Palmolive
CL
$72.6B
| $343M | 0.61% |
4,625,615
+1,937,331
| +72% | +$144M |
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $322M | 0.57% |
1,331,700
-36,600
| -3% | -$8.77M |
|
6
Pinnacle West Capital
PNW
$11.8B
| $319M | 0.57% |
3,750,674
+696,320
| +23% | +$60M |
|
7
Visa
V
$693B
| $276M | 0.49% |
2,947,066
-239,831
| -8% | -$22.3M |
|
8
PUT
Costco
COST
$420B
| $275M | 0.49% |
+1,720,000
| New | +$296M |
|
9
PUT
C.H. Robinson
CHRW
$16.5B
| $275M | 0.49% |
+4,000,000
| New | +$283M |
|
10
Xcel Energy
XEL
$47.7B
| $273M | 0.49% |
5,955,792
-327,371
| -5% | -$15.1M |
|
|
11
Bank of America
BAC
$431B
| $265M | 0.47% |
10,929,492
+8,030,948
| +277% | +$187M |
|
|
12
Regions Financial
RF
$25.9B
| $254M | 0.45% |
17,355,857
+12,932,420
| +292% | +$182M |
|
13
Micron Technology
MU
$1.09T
| $251M | 0.45% |
8,393,736
+1,425,406
| +20% | +$41.7M |
|
14
Devon Energy
DVN
$54B
| $248M | 0.44% |
7,757,796
-569,937
| -7% | -$20.8M |
|
|
GXP
15
DELISTED
Great Plains Energy Incorporated
GXP
| $244M | 0.44% |
8,330,822
+3,718,979
| +81% | +$108M |
|
16
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $237M | 0.42% |
5,782,400
+5,561,200
| +2,514% | +$229M |
|
17
Mondelez International
MDLZ
$82.3B
| $218M | 0.39% |
5,045,153
+1,783,938
| +55% | +$80.4M |
|
18
McDonald's
MCD
$192B
| $218M | 0.39% |
1,420,325
-644,054
| -31% | -$93.1M |
|
|
WBA
19
DELISTED
Walgreens Boots Alliance
WBA
| $216M | 0.38% |
2,752,877
+2,180,983
| +381% | +$179M |
|
|
PPL
20
PPL Corp
PPL
$25.9B
| $214M | 0.38% |
5,526,891
+373,590
| +7% | +$14.4M |
|
21
Gilead Sciences
GILD
$181B
| $212M | 0.38% |
2,999,764
+1,103,698
| +58% | +$73.4M |
|
22
Kraft Heinz
KHC
$30.3B
| $212M | 0.38% |
2,469,940
+729,113
| +42% | +$66.1M |
|
|
ETFC
23
DELISTED
E*Trade Financial Corporation
ETFC
| $210M | 0.37% |
5,525,690
+950,404
| +21% | +$33.6M |
|
24
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $207M | 0.37% |
6,380,408
+3,251,216
| +104% | +$109M |
|
25
Entergy
ETR
$48.8B
| $207M | 0.37% |
5,391,122
+4,661,970
| +639% | +$180M |
|
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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.