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 | |
|---|---|---|---|---|---|---|
|
FLIR
301
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $68.5M | 0.09% |
1,369,143
-861,003
| -39% | -$42.9M |
|
302
Aon
AON
$75.3B
| $68.4M | 0.09% |
487,752
+386,484
| +382% | +$54.1M |
|
|
VTLE
303
DELISTED
Vital Energy
VTLE
| $68.2M | 0.09% |
391,315
-40,136
| -9% | -$7.49M |
|
304
Alphabet (Google) Class A
GOOGL
$4.22T
| $67.9M | 0.09% |
1,309,900
-957,820
| -42% | -$53.1M |
|
305
British American Tobacco
BTI
$121B
| $67.8M | 0.09% |
1,175,312
-819,947
| -41% | -$51.6M |
|
306
Sun Communities
SUI
$14.8B
| $67.7M | 0.09% |
740,726
-66,181
| -8% | -$5.84M |
|
307
Phillips 66
PSX
$96.9B
| $67.6M | 0.09% |
704,972
+364,782
| +107% | +$35.5M |
|
308
PG&E
PCG
$38.8B
| $67.4M | 0.09% |
1,533,679
-80,090
| -5% | -$3.4M |
|
309
Advanced Micro Devices
AMD
$773B
| $67.3M | 0.09% |
6,700,103
+6,225,267
| +1,311% | +$73.8M |
|
310
Alexandria Real Estate Equities
ARE
$9.21B
| $67.2M | 0.09% |
538,019
+215,183
| +67% | +$26.7M |
|
311
Hewlett Packard
HPE
$70.8B
| $67.1M | 0.09% |
3,824,026
+3,663,150
| +2,277% | +$62.2M |
|
312
Illinois Tool Works
ITW
$80.4B
| $67M | 0.09% |
427,605
+379,356
| +786% | +$63M |
|
|
X
313
DELISTED
US Steel
X
| $67M | 0.09% |
1,903,601
-306,700
| -14% | -$12.1M |
|
314
argenx
ARGX
$65B
| $66.9M | 0.09% |
832,176
+236,662
| +40% | +$17.9M |
|
|
WR
315
DELISTED
Westar Energy Inc
WR
| $66.9M | 0.09% |
1,271,432
+407,863
| +47% | +$20.6M |
|
316
Chemours
CC
$2.4B
| $66.8M | 0.09% |
1,370,449
+915,367
| +201% | +$45.8M |
|
|
ZEN
317
DELISTED
ZENDESK INC
ZEN
| $66.7M | 0.09% |
1,394,245
+1,064,706
| +323% | +$44.1M |
|
318
Regency Centers
REG
$13.9B
| $66.6M | 0.09% |
1,129,293
+612,578
| +119% | +$37M |
|
319
Nasdaq
NDAQ
$54.9B
| $66.6M | 0.09% |
2,316,567
-2,379,054
| -51% | -$64.2M |
|
320
Ralph Lauren
RL
$22.2B
| $66.6M | 0.09% |
595,484
-246,473
| -29% | -$26.7M |
|
321
Ingersoll Rand
IR
$31.2B
| $66.4M | 0.09% |
2,162,720
+81,501
| +4% | +$2.72M |
|
322
Alliant Energy
LNT
$17.6B
| $66.3M | 0.09% |
1,621,831
-646,878
| -29% | -$25.5M |
|
323
GoDaddy
GDDY
$12.3B
| $65.9M | 0.09% |
1,072,631
+656,261
| +158% | +$37.1M |
|
324
Lamb Weston
LW
$7.38B
| $65.8M | 0.09% |
1,130,798
+402,428
| +55% | +$22.8M |
|
|
TCF
325
DELISTED
TCF Financial Corporation
TCF
| $65.6M | 0.09% |
2,876,587
+382,844
| +15% | +$8.5M |
|
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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.