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 | |
|---|---|---|---|---|---|---|
3001
BCB Bancorp
BCBP
$157M
| $500K | ﹤0.01% |
31,965
-44,917
| -58% | -$692K |
|
3002
CarGurus
CARG
$3.27B
| $499K | ﹤0.01% |
+12,968
| New | +$430K |
|
3003
Ultrapar
UGP
$7.01B
| $499K | ﹤0.01% |
+46,130
| New | +$542K |
|
3004
PUT
Globus Medical
GMED
$11.3B
| $498K | ﹤0.01% |
+10,000
| New | +$470K |
|
|
WIRE
3005
DELISTED
Encore Wire Corp
WIRE
| $495K | ﹤0.01% |
8,723
-163,702
| -95% | -$8.49M |
|
3006
Build-A-Bear
BBW
$489M
| $492K | ﹤0.01% |
53,735
+36,725
| +216% | +$325K |
|
|
OTIC
3007
DELISTED
Otonomy, Inc.
OTIC
| $492K | ﹤0.01% |
117,058
-229,410
| -66% | -$1.25M |
|
|
WPG
3008
DELISTED
Washington Prime Group Inc.
WPG
| $490K | ﹤0.01% |
8,168
-10,217
| -56% | -$597K |
|
3009
Southern Copper
SCCO
$182B
| $489K | ﹤0.01% |
9,854
-52,987
| -84% | -$2.48M |
|
3010
Ooma
OOMA
$574M
| $488K | ﹤0.01% |
44,816
-46,377
| -51% | -$514K |
|
3011
Dr. Reddy's Laboratories
RDY
$10.3B
| $488K | ﹤0.01% |
74,675
-44,775
| -37% | -$314K |
|
3012
ZTO Express
ZTO
$16.2B
| $487K | ﹤0.01% |
32,516
-2,205,549
| -99% | -$34.6M |
|
|
MOFG
3013
DELISTED
MidWestOne Financial Group
MOFG
| $486K | ﹤0.01% |
14,585
-59,363
| -80% | -$1.96M |
|
3014
American Realty Investors
ARL
$251M
| $484K | ﹤0.01% |
+26,211
| New | +$365K |
|
3015
Talphera
TLPH
$62.3M
| $483K | ﹤0.01% |
11,503
-6,214
| -35% | -$245K |
|
3016
Global Net Lease
GNL
$2.12B
| $480K | ﹤0.01% |
28,435
-104,026
| -79% | -$1.83M |
|
3017
Check Point Software Technologies
CHKP
$13.1B
| $478K | ﹤0.01% |
+4,814
| New | +$496K |
|
3018
Teekay
TK
$1.16B
| $478K | ﹤0.01% |
59,126
-148,210
| -71% | -$1.28M |
|
3019
VSE Corp
VSEC
$6.09B
| $475K | ﹤0.01% |
+9,179
| New | +$455K |
|
3020
Urban One Class D
UONEK
$20.6M
| $474K | ﹤0.01% |
23,128
-706
| -3% | -$13.5K |
|
3021
Monarch Casino & Resort
MCRI
$2.21B
| $470K | ﹤0.01% |
11,107
-105,830
| -91% | -$4.64M |
|
3022
ProShares Ultra QQQ
QLD
$13.7B
| $470K | ﹤0.01% |
+49,312
| New | +$505K |
|
|
SSI
3023
DELISTED
Stage Stores Inc
SSI
| $470K | ﹤0.01% |
215,607
-57,626
| -21% | -$108K |
|
3024
PhenixFIN
PFX
$102M
| $469K | ﹤0.01% |
5,895
+90
| +2% | +$8.25K |
|
|
AIOT
3025
PowerFleet Inc
AIOT
$401M
| $468K | ﹤0.01% |
75,211
-2,450
| -3% | -$17.6K |
|
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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.