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 | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $1.43B | 1.97% |
20,439,085
+2,671,283
| +15% | +$186M |
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $625M | 0.86% |
2,341,541
+2,279,314
| +3,663% | +$593M |
|
3
Micron Technology
MU
$1.09T
| $428M | 0.59% |
10,396,704
-234,566
| -2% | -$10.1M |
|
4
Bank of America
BAC
$431B
| $368M | 0.51% |
12,461,482
-380,486
| -3% | -$10.5M |
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $356M | 0.49% |
1,335,100
-1,926,700
| -59% | -$501M |
|
6
Visa
V
$693B
| $353M | 0.49% |
3,097,217
-569,824
| -16% | -$62.9M |
|
7
Marathon Petroleum
MPC
$101B
| $344M | 0.47% |
5,209,211
+1,019,354
| +24% | +$62.4M |
|
|
8
AutoZone
AZO
$48.3B
| $317M | 0.44% |
446,202
+318,764
| +250% | +$204M |
|
|
MRO
9
DELISTED
Marathon Oil Corporation
MRO
| $315M | 0.43% |
18,596,453
+8,385,155
| +82% | +$125M |
|
|
CMA
10
DELISTED
Comerica
CMA
| $302M | 0.42% |
3,479,298
-1,647,272
| -32% | -$133M |
|
11
Regions Financial
RF
$25.9B
| $288M | 0.4% |
16,658,150
+3,287,621
| +25% | +$52.6M |
|
12
General Motors
GM
$77.2B
| $279M | 0.39% |
6,810,691
+2,986,293
| +78% | +$130M |
|
|
13
Abbott
ABT
$202B
| $269M | 0.37% |
4,708,520
+4,681,343
| +17,225% | +$259M |
|
|
14
CALL
Micron Technology
MU
$1.09T
| $267M | 0.37% |
6,500,000
-6,117,000
| -48% | -$264M |
|
15
Zions Bancorporation
ZION
$9.95B
| $266M | 0.37% |
5,234,786
-1,377,569
| -21% | -$66M |
|
16
Colgate-Palmolive
CL
$72.6B
| $265M | 0.37% |
3,510,156
-700,004
| -17% | -$51.1M |
|
|
ESRX
17
DELISTED
Express Scripts Holding Company
ESRX
| $260M | 0.36% |
3,488,255
+511,064
| +17% | +$32.7M |
|
|
18
D.R. Horton
DHI
$41.5B
| $258M | 0.36% |
5,053,089
+3,820,298
| +310% | +$178M |
|
19
PUT
Apple
AAPL
$4.51T
| $256M | 0.35% |
+6,040,000
| New | +$252M |
|
20
Halliburton
HAL
$29.4B
| $255M | 0.35% |
5,221,871
+2,282,258
| +78% | +$101M |
|
21
Adobe
ADBE
$109B
| $252M | 0.35% |
1,439,110
+657,194
| +84% | +$113M |
|
|
ETFC
22
DELISTED
E*Trade Financial Corporation
ETFC
| $250M | 0.35% |
5,049,957
-213,904
| -4% | -$9.82M |
|
|
AET
23
DELISTED
Aetna Inc
AET
| $242M | 0.33% |
1,339,065
+439,680
| +49% | +$75.5M |
|
24
McDonald's
MCD
$192B
| $234M | 0.32% |
1,358,309
+177,451
| +15% | +$29.8M |
|
25
Caterpillar
CAT
$381B
| $232M | 0.32% |
1,469,476
-33,878
| -2% | -$4.7M |
|
Similar funds
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 $3.05B 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.