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 | |
|---|---|---|---|---|---|---|
251
Novartis
NVS
$302B
| $79.8M | 0.11% |
1,100,836
+540,968
| +97% | +$41.2M |
|
252
Palo Alto Networks
PANW
$292B
| $79.7M | 0.11% |
2,633,478
-2,187,786
| -45% | -$60.8M |
|
253
Alcoa
AA
$13.7B
| $79.5M | 0.11% |
1,768,611
+253,186
| +17% | +$12.5M |
|
254
Conagra Brands
CAG
$7.89B
| $79.5M | 0.11% |
2,155,113
-1,001,012
| -32% | -$36.9M |
|
255
Skyworks Solutions
SWKS
$10.1B
| $79.3M | 0.11% |
790,775
+290,202
| +58% | +$30.2M |
|
|
256
Micron Technology
MU
$1.09T
| $78.9M | 0.11% |
1,512,802
-8,883,902
| -85% | -$425M |
|
257
Tyson Foods
TSN
$20.6B
| $78.2M | 0.1% |
1,068,586
-9,001
| -0.8% | -$687K |
|
258
Gentex
GNTX
$4.98B
| $78.1M | 0.1% |
3,394,226
+1,579,436
| +87% | +$35.9M |
|
259
General Mills
GIS
$21.4B
| $78.1M | 0.1% |
1,733,554
+1,636,383
| +1,684% | +$88.8M |
|
260
AES
AES
$10.5B
| $77.2M | 0.1% |
6,794,028
+1,378,295
| +25% | +$15M |
|
261
Cadence Design Systems
CDNS
$87.9B
| $77.1M | 0.1% |
2,097,474
+991,219
| +90% | +$40.4M |
|
262
Verizon
VZ
$205B
| $76.8M | 0.1% |
1,605,717
+183,965
| +13% | +$9.25M |
|
263
Carnival Corporation Ltd
CCL
$35.2B
| $76.6M | 0.1% |
1,168,424
-786,610
| -40% | -$53.5M |
|
264
Newmont
NEM
$139B
| $76.2M | 0.1% |
1,951,532
-1,545,759
| -44% | -$59.7M |
|
265
Antero Resources
AR
$11.7B
| $76M | 0.1% |
3,830,049
+2,459,894
| +180% | +$47.7M |
|
266
DaVita
DVA
$11.1B
| $75.9M | 0.1% |
1,151,595
-872,713
| -43% | -$64.1M |
|
267
Owens Corning
OC
$11.7B
| $75.9M | 0.1% |
944,400
+720,954
| +323% | +$62.8M |
|
268
HF Sinclair
DINO
$17.3B
| $75.9M | 0.1% |
1,552,807
+754,562
| +95% | +$35.9M |
|
269
ResMed
RMD
$33.4B
| $75.8M | 0.1% |
769,536
+760,239
| +8,177% | +$71.8M |
|
270
Patterson-UTI
PTEN
$4.71B
| $75.7M | 0.1% |
4,322,677
+263,550
| +6% | +$5.5M |
|
271
Martin Marietta Materials
MLM
$32.1B
| $75.5M | 0.1% |
364,225
+355,863
| +4,256% | +$77.1M |
|
|
AHL
272
DELISTED
ASPEN Insurance Holding Limited
AHL
| $75.3M | 0.1% |
1,678,811
+1,364,775
| +435% | +$53.5M |
|
273
AstraZeneca
AZN
$257B
| $75.3M | 0.1% |
1,076,381
+375,805
| +54% | +$26M |
|
274
CNX Resources
CNX
$5.38B
| $75M | 0.1% |
4,862,895
+439,524
| +10% | +$6.56M |
|
275
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $74.8M | 0.1% |
+1,007,400
| New | +$77.6M |
|
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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.