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 | |
|---|---|---|---|---|---|---|
|
AVID
2501
DELISTED
Avid Technology Inc
AVID
| $1.42M | ﹤0.01% |
312,593
-1,040,950
| -77% | -$5.28M |
|
2502
Cadiz
CDZI
$351M
| $1.42M | ﹤0.01% |
104,954
+13,350
| +15% | +$188K |
|
|
PAMT
2503
PAMT Corp
PAMT
$243M
| $1.41M | ﹤0.01% |
155,560
+91,928
| +144% | +$836K |
|
2504
iShares Select Dividend ETF
DVY
$23.9B
| $1.41M | ﹤0.01% |
14,840
-18,157
| -55% | -$1.77M |
|
|
FSTX
2505
DELISTED
F-star Therapeutics, Inc. Common Stock
FSTX
| $1.41M | ﹤0.01% |
22,916
+10,343
| +82% | +$546K |
|
2506
PUT
Qorvo
QRVO
$8.32B
| $1.41M | ﹤0.01% |
+20,000
| New | +$1.51M |
|
2507
Murphy USA
MUSA
$10B
| $1.41M | ﹤0.01% |
19,326
+5,179
| +37% | +$404K |
|
|
KL
2508
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $1.4M | ﹤0.01% |
90,828
+14,737
| +19% | +$227K |
|
|
CLUB
2509
DELISTED
Town Sports International Holdings, Inc.
CLUB
| $1.4M | ﹤0.01% |
184,688
+61,476
| +50% | +$392K |
|
|
VXX
2510
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $1.4M | ﹤0.01% |
29,607
-149,867
| -84% | -$5.68M |
|
|
VEAC
2511
DELISTED
Vantage Energy Acquisition Corp. Class A
VEAC
| $1.4M | ﹤0.01% |
143,034
+14,633
| +11% | +$143K |
|
2512
Gabelli Dividend & Income Trust
GDV
$2.67B
| $1.4M | ﹤0.01% |
63,247
+43,292
| +217% | +$1.01M |
|
|
GOOD
2513
Gladstone Commercial Corp
GOOD
$635M
| $1.4M | ﹤0.01% |
80,475
-287,385
| -78% | -$5.28M |
|
|
LKSD
2514
DELISTED
LSC Communications, Inc.
LKSD
| $1.39M | ﹤0.01% |
79,909
+19,946
| +33% | +$297K |
|
2515
Worthington Enterprises
WOR
$2.8B
| $1.39M | ﹤0.01% |
52,517
-49,980
| -49% | -$1.4M |
|
|
BRQS
2516
DELISTED
Borqs Technologies, Inc. Ordinary Shares
BRQS
| $1.39M | ﹤0.01% |
+832
| New | +$1.31M |
|
|
XOXO
2517
DELISTED
Xo Group Inc
XOXO
| $1.39M | ﹤0.01% |
66,818
+29,131
| +77% | +$578K |
|
2518
The RMR Group
RMR
$336M
| $1.38M | ﹤0.01% |
+19,765
| New | +$1.27M |
|
2519
Belden
BDC
$4.57B
| $1.38M | ﹤0.01% |
19,956
-35,200
| -64% | -$2.7M |
|
2520
Mistras Group
MG
$605M
| $1.38M | ﹤0.01% |
72,663
+58,950
| +430% | +$1.22M |
|
2521
Herbalife
HLF
$1.35B
| $1.37M | ﹤0.01% |
28,178
-14,124
| -33% | -$599K |
|
|
RUTH
2522
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $1.37M | ﹤0.01% |
+56,029
| New | +$1.32M |
|
|
RLH
2523
DELISTED
Red Lions Hotel Corporation
RLH
| $1.36M | ﹤0.01% |
139,686
+101,580
| +267% | +$1.04M |
|
|
ZEPP
2524
Zepp Health
ZEPP
$74.6M
| $1.36M | ﹤0.01% |
+31,929
| New | +$1.42M |
|
|
DCT
2525
DELISTED
DCT Industrial Trust Inc.
DCT
| $1.35M | ﹤0.01% |
23,980
-966,052
| -98% | -$54.6M |
|
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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.