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 | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $1.18B | 1.79% |
17,767,802
+1,926,897
| +12% | +$118M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $819M | 1.25% |
3,261,800
+1,930,100
| +145% | +$476M |
|
3
CALL
Micron Technology
MU
$1.09T
| $496M | 0.76% |
12,617,000
+10,117,000
| +405% | +$320M |
|
4
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $495M | 0.75% |
10,600,000
+4,817,600
| +83% | +$211M |
|
|
5
Micron Technology
MU
$1.09T
| $418M | 0.64% |
10,631,270
+2,237,534
| +27% | +$70.8M |
|
|
CMA
6
DELISTED
Comerica
CMA
| $391M | 0.6% |
5,126,570
+194,886
| +4% | +$14M |
|
7
Visa
V
$693B
| $386M | 0.59% |
3,667,041
+719,975
| +24% | +$73M |
|
8
Bank of America
BAC
$431B
| $325M | 0.5% |
12,841,968
+1,912,476
| +17% | +$46.4M |
|
9
Applied Materials
AMAT
$391B
| $320M | 0.49% |
6,135,539
+2,085,298
| +51% | +$94.3M |
|
10
Zions Bancorporation
ZION
$9.95B
| $312M | 0.48% |
6,612,355
+2,912,912
| +79% | +$130M |
|
11
Colgate-Palmolive
CL
$72.6B
| $307M | 0.47% |
4,210,160
-415,455
| -9% | -$29.9M |
|
12
ConocoPhillips
COP
$162B
| $303M | 0.46% |
6,050,789
+2,324,752
| +62% | +$104M |
|
13
Lam Research
LRCX
$393B
| $287M | 0.44% |
15,529,160
+3,281,450
| +27% | +$53.2M |
|
14
Meta Platforms (Facebook)
META
$1.4T
| $287M | 0.44% |
1,680,455
+491,071
| +41% | +$81.9M |
|
15
Kraft Heinz
KHC
$30.3B
| $262M | 0.4% |
3,373,178
+903,238
| +37% | +$75.5M |
|
16
Conagra Brands
CAG
$7.89B
| $258M | 0.39% |
7,654,562
+3,628,740
| +90% | +$123M |
|
17
Vertex Pharmaceuticals
VRTX
$139B
| $254M | 0.39% |
1,668,208
+890,742
| +115% | +$134M |
|
18
Public Service Enterprise Group
PEG
$36.2B
| $250M | 0.38% |
5,407,411
+893,750
| +20% | +$40.5M |
|
|
19
Lowe's Companies
LOW
$121B
| $248M | 0.38% |
3,098,079
+2,584,186
| +503% | +$198M |
|
20
Citigroup
C
$221B
| $247M | 0.38% |
3,393,159
+1,282,388
| +61% | +$87.6M |
|
21
PG&E
PCG
$38.8B
| $238M | 0.36% |
3,501,554
-1,720,981
| -33% | -$118M |
|
22
Marathon Petroleum
MPC
$101B
| $235M | 0.36% |
4,189,857
+1,793,086
| +75% | +$96.2M |
|
23
Charter Communications
CHTR
$17.9B
| $234M | 0.36% |
644,682
+238,956
| +59% | +$88.9M |
|
24
Boeing
BA
$169B
| $234M | 0.36% |
920,071
+626,258
| +213% | +$146M |
|
|
ETFC
25
DELISTED
E*Trade Financial Corporation
ETFC
| $230M | 0.35% |
5,263,861
-261,829
| -5% | -$10.6M |
|
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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.