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 | |
|---|---|---|---|---|---|---|
|
ABB
2651
DELISTED
ABB Ltd
ABB
| $1.04M | ﹤0.01% |
+43,754
| New | +$1.13M |
|
2652
Novanta
NOVT
$5.28B
| $1.04M | ﹤0.01% |
+19,895
| New | +$1.09M |
|
2653
B&G Foods
BGS
$286M
| $1.04M | ﹤0.01% |
43,731
-192,159
| -81% | -$5.88M |
|
|
HNP
2654
DELISTED
Huaneng Power Intl, Inc.
HNP
| $1.03M | ﹤0.01% |
38,557
+28,183
| +272% | +$721K |
|
2655
Vanguard Morningstar Large-Cap ETF
VV
$54B
| $1.03M | ﹤0.01% |
8,532
-11,168
| -57% | -$1.4M |
|
|
WPZ
2656
CALL
DELISTED
Williams Partners L.P.
WPZ
| $1.03M | ﹤0.01% |
+30,000
| New | +$1.17M |
|
|
FIT
2657
PUT
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $1.02M | ﹤0.01% |
+200,000
| New | +$1.07M |
|
2658
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.85B
| $1.02M | ﹤0.01% |
25,973
-58,992
| -69% | -$2.3M |
|
|
CHU
2659
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $1.02M | ﹤0.01% |
79,178
+37,927
| +92% | +$508K |
|
|
ALNA
2660
DELISTED
Allena Pharmaceuticals
ALNA
| $1.01M | ﹤0.01% |
92,079
+69,723
| +312% | +$582K |
|
2661
Riverview Bancorp
RVSB
$103M
| $1.01M | ﹤0.01% |
108,600
-44,908
| -29% | -$409K |
|
|
KA
2662
DELISTED
Kineta, Inc. Common Stock
KA
| $1.01M | ﹤0.01% |
1,521
-5,290
| -78% | -$3.19M |
|
2663
HUTCHMED
HCM
$2.13B
| $1.01M | ﹤0.01% |
+34,129
| New | +$1.21M |
|
|
GHDX
2664
CALL
DELISTED
Genomic Health, Inc.
GHDX
| $1M | ﹤0.01% |
+32,100
| New | +$1.07M |
|
2665
Prospect Capital
PSEC
$1.2B
| $1M | ﹤0.01% |
152,894
-376,243
| -71% | -$2.51M |
|
2666
ProShares Short Russell2000
RWM
$103M
| $1M | ﹤0.01% |
23,763
+1,968
| +9% | +$82K |
|
|
CLDR
2667
DELISTED
Cloudera, Inc.
CLDR
| $1M | ﹤0.01% |
46,334
-141,672
| -75% | -$2.66M |
|
2668
Vuzix
VUZI
$231M
| $996K | ﹤0.01% |
+181,167
| New | +$1.48M |
|
|
CAF
2669
Morgan Stanley China A Share Fund
CAF
$317M
| $993K | ﹤0.01% |
39,874
+25,877
| +185% | +$657K |
|
2670
PAR Technology
PAR
$801M
| $993K | ﹤0.01% |
70,491
+55,551
| +372% | +$557K |
|
|
PMT
2671
PennyMac Mortgage Investment
PMT
$810M
| $993K | ﹤0.01% |
55,090
-25,882
| -32% | -$433K |
|
2672
Saic
SAIC
$5.38B
| $993K | ﹤0.01% |
12,603
-46,156
| -79% | -$3.48M |
|
|
JASO
2673
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| $992K | ﹤0.01% |
+151,294
| New | +$1.11M |
|
|
DCOM
2674
DELISTED
Dime Community Bancshares
DCOM
| $992K | ﹤0.01% |
53,893
-42,359
| -44% | -$824K |
|
2675
Nelnet
NNI
$4.61B
| $986K | ﹤0.01% |
18,818
+3,911
| +26% | +$207K |
|
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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.