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 | |
|---|---|---|---|---|---|---|
3351
Vince Holding Corp
VNCE
$80.9M
| $203K | ﹤0.01% |
22,678
-11,681
| -34% | -$90.2K |
|
3352
Neogen
NEOG
$2.53B
| $202K | ﹤0.01% |
6,024
-67,413
| -92% | -$2.03M |
|
|
CEM
3353
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
| $202K | ﹤0.01% |
3,205
-15,058
| -82% | -$1.16M |
|
3354
Brinker International
EAT
$10.9B
| $201K | ﹤0.01% |
5,575
-1,827,143
| -100% | -$66.4M |
|
|
PEO
3355
Adams Natural Resources Fund
PEO
$794M
| $199K | ﹤0.01% |
11,327
-3,913
| -26% | -$72.8K |
|
3356
Destination XL Group
DXLG
$35.2M
| $197K | ﹤0.01% |
112,474
-68,665
| -38% | -$164K |
|
3357
Liquidity Services
LQDT
$1.35B
| $197K | ﹤0.01% |
30,367
-119
| -0.4% | -$752 |
|
3358
e.l.f. Beauty
ELF
$6.25B
| $196K | ﹤0.01% |
10,102
-10,426
| -51% | -$207K |
|
3359
Expro Ltd
XPRO
$2.01B
| $194K | ﹤0.01% |
5,950
-1,256
| -17% | -$48.6K |
|
|
LX
3360
LexinFintech Holdings
LX
$214M
| $191K | ﹤0.01% |
13,160
-43,089
| -77% | -$660K |
|
|
KTWO
3361
DELISTED
K2M Group Holdings, Inc
KTWO
| $191K | ﹤0.01% |
10,080
-8,507
| -46% | -$169K |
|
3362
QuinStreet
QNST
$1.18B
| $190K | ﹤0.01% |
14,880
-321,508
| -96% | -$3.76M |
|
|
SHOS
3363
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $189K | ﹤0.01% |
62,896
-9,399
| -13% | -$21.8K |
|
3364
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
| $188K | ﹤0.01% |
14,449
+2,328
| +19% | +$30.7K |
|
|
WSR
3365
DELISTED
Whitestone REIT
WSR
| $188K | ﹤0.01% |
18,134
-109,725
| -86% | -$1.34M |
|
|
BFK
3366
DELISTED
BlackRock Municipal Income Trust
BFK
| $187K | ﹤0.01% |
+14,504
| New | +$195K |
|
3367
KVH Industries
KVHI
$136M
| $186K | ﹤0.01% |
18,011
-924
| -5% | -$9.88K |
|
3368
Cohen & Steers Closed End Opportunity Fund
FOF
$374M
| $185K | ﹤0.01% |
+14,999
| New | +$193K |
|
|
EVV
3369
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $183K | ﹤0.01% |
14,040
-107,110
| -88% | -$1.42M |
|
|
GCAP
3370
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $183K | ﹤0.01% |
27,106
-157,366
| -85% | -$1.18M |
|
|
TI
3371
DELISTED
Telecom Italia
TI
| $183K | ﹤0.01% |
+19,123
| New | +$176K |
|
|
OCSI
3372
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $182K | ﹤0.01% |
23,126
+7,281
| +46% | +$58.4K |
|
3373
SSR Mining
SSRM
$7.87B
| $181K | ﹤0.01% |
18,872
-79,721
| -81% | -$697K |
|
|
LUB
3374
DELISTED
Luby's Inc.
LUB
| $180K | ﹤0.01% |
64,701
-16,436
| -20% | -$47.1K |
|
|
MUI
3375
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $178K | ﹤0.01% |
13,606
-3,224
| -19% | -$43.4K |
|
Similar funds
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.