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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.17% |
| 2 | Healthcare | 12.72% |
| 3 | Technology | 12.27% |
| 4 | Industrials | 11.44% |
| 5 | Consumer Discretionary | 11.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Humana
HUM
$45.5B
| $88.1M | 0.12% |
327,690
-468,048
| -59% | -$127M |
|
227
RTX Corp
RTX
$283B
| $87.5M | 0.12% |
+1,104,587
| New | +$91.2M |
|
|
LLL
228
DELISTED
L3 Technologies, Inc.
LLL
| $87.2M | 0.12% |
419,419
-284,547
| -40% | -$59M |
|
229
Olin
OLN
$2.1B
| $86.8M | 0.12% |
2,855,480
-515,885
| -15% | -$17.6M |
|
230
Haemonetics
HAE
$4.95B
| $86.6M | 0.12% |
1,183,544
+1,120,115
| +1,766% | +$76.9M |
|
231
Old Republic International
ORI
$10B
| $86.1M | 0.11% |
4,014,006
+2,584,451
| +181% | +$53.6M |
|
232
Axalta
AXTA
$7.75B
| $85.8M | 0.11% |
2,842,931
+1,107,268
| +64% | +$34.6M |
|
|
PRMW
233
DELISTED
Primo Water Corporation
PRMW
| $85.8M | 0.11% |
5,826,116
-237,637
| -4% | -$3.77M |
|
234
Bread Financial
BFH
$4.07B
| $84.9M | 0.11% |
499,967
+494,822
| +9,618% | +$96.7M |
|
235
Western Union
WU
$2.28B
| $84.7M | 0.11% |
4,402,261
+699,784
| +19% | +$14M |
|
236
Matador Resources
MTDR
$7.22B
| $84.6M | 0.11% |
2,829,360
-740,921
| -21% | -$22.5M |
|
|
237
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $84.3M | 0.11% |
320,501
-2,021,040
| -86% | -$552M |
|
238
State Street
STT
$51.4B
| $84.3M | 0.11% |
844,971
-189,386
| -18% | -$19.8M |
|
239
Gaming and Leisure Properties
GLPI
$12.7B
| $83.8M | 0.11% |
2,502,654
-2,190,274
| -47% | -$75.9M |
|
240
Meritage Homes
MTH
$4.67B
| $83.4M | 0.11% |
3,687,348
+641,614
| +21% | +$15.3M |
|
241
Eli Lilly
LLY
$1.12T
| $83.1M | 0.11% |
1,073,495
+202,294
| +23% | +$16.3M |
|
|
TWO
242
Two Harbors Investment
TWO
$1.27B
| $82.9M | 0.11% |
1,349,171
-441,412
| -25% | -$27.1M |
|
243
Northrop Grumman
NOC
$78.3B
| $82.9M | 0.11% |
237,574
+1,408
| +0.6% | +$472K |
|
244
Qualcomm
QCOM
$169B
| $82.7M | 0.11% |
1,492,333
+726,832
| +95% | +$46.3M |
|
245
Oshkosh
OSK
$9.7B
| $82.3M | 0.11% |
1,065,126
+209,324
| +24% | +$17.8M |
|
246
BGC Group
BGC
$5.63B
| $81.8M | 0.11% |
9,452,870
+3,752,262
| +66% | +$33.8M |
|
247
ATI
ATI
$28.2B
| $81.7M | 0.11% |
3,451,336
+274,077
| +9% | +$7.35M |
|
248
Host Hotels & Resorts
HST
$15.9B
| $81.5M | 0.11% |
4,370,483
+1,864,552
| +74% | +$36.4M |
|
249
AbbVie
ABBV
$468B
| $80.1M | 0.11% |
846,409
+572,179
| +209% | +$62.9M |
|
250
W.W. Grainger
GWW
$61.8B
| $80M | 0.11% |
283,503
+276,672
| +4,050% | +$72.4M |
|
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Israel Englander's Q1 2018 Portfolio in Review
As of Q1 2018, Israel Englander held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Israel Englander deployed $3.29B of net new capital in Q1 2018, opening 664 new positions and adding to 1,466 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Israel Englander's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Israel Englander added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Israel Englander's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Israel Englander fully exited Equinix in Q1 2018, selling an estimated $152M.
- Israel Englander's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Israel Englander opened 664 new positions and closed 833 in Q1 2018.
- Israel Englander's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.