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 | |
|---|---|---|---|---|---|---|
326
Targa Resources
TRGP
$64.1B
| $65.4M | 0.09% |
1,487,000
+1,477,796
| +16,056% | +$70.4M |
|
327
Carlisle Companies
CSL
$14.6B
| $65.1M | 0.09% |
623,582
+8,427
| +1% | +$924K |
|
|
LOGM
328
DELISTED
LogMein, Inc.
LOGM
| $65.1M | 0.09% |
563,233
-1,406
| -0.2% | -$171K |
|
329
Associated Banc-Corp
ASB
$5.82B
| $65M | 0.09% |
2,615,197
+1,660,733
| +174% | +$42.2M |
|
330
PVH
PVH
$3.62B
| $64.9M | 0.09% |
428,703
+55,232
| +15% | +$8.05M |
|
331
Autodesk
ADSK
$53.6B
| $64.7M | 0.09% |
515,308
-133,087
| -21% | -$15.8M |
|
332
Pfizer
PFE
$160B
| $64M | 0.09% |
1,901,440
-1,820,936
| -49% | -$62.6M |
|
333
LivaNova
LIVN
$4.34B
| $63.5M | 0.08% |
717,478
+224,035
| +45% | +$19.1M |
|
334
Pilgrim's Pride
PPC
$7.68B
| $63.5M | 0.08% |
2,579,237
+2,214,222
| +607% | +$59.4M |
|
335
Lincoln National
LNC
$8.07B
| $63.4M | 0.08% |
867,112
-127,032
| -13% | -$9.97M |
|
336
AXIS Capital
AXS
$7.2B
| $63.3M | 0.08% |
1,099,462
+456,703
| +71% | +$23.6M |
|
|
RTN
337
DELISTED
Raytheon Company
RTN
| $63.2M | 0.08% |
292,905
-298,268
| -50% | -$61.7M |
|
338
Tapestry
TPR
$26B
| $63.1M | 0.08% |
1,198,568
-2,076,058
| -63% | -$102M |
|
339
Textron
TXT
$14.3B
| $63M | 0.08% |
1,068,792
+149,673
| +16% | +$8.8M |
|
|
INXN
340
DELISTED
Interxion Holding N.V.
INXN
| $62.5M | 0.08% |
1,006,947
-552,970
| -35% | -$33M |
|
341
CALL
Bank of America
BAC
$431B
| $62M | 0.08% |
2,066,500
+1,816,500
| +727% | +$57.1M |
|
342
Baidu
BIDU
$31.6B
| $61.9M | 0.08% |
277,515
+119,603
| +76% | +$29.5M |
|
343
NNN REIT
NNN
$8.8B
| $61.6M | 0.08% |
1,569,958
+351,489
| +29% | +$13.7M |
|
344
Varonis Systems
VRNS
$4.74B
| $61.4M | 0.08% |
3,044,340
+562,068
| +23% | +$10.4M |
|
345
Crown Holdings
CCK
$13B
| $61.4M | 0.08% |
1,209,545
+195,095
| +19% | +$10.4M |
|
346
PENN Entertainment
PENN
$2.5B
| $61.4M | 0.08% |
2,337,500
+920,184
| +65% | +$26.6M |
|
347
Graphic Packaging
GPK
$3.54B
| $61.4M | 0.08% |
3,998,473
+3,620,250
| +957% | +$56.5M |
|
348
MSCI
MSCI
$41B
| $61M | 0.08% |
407,829
-324,621
| -44% | -$46.5M |
|
349
Brixmor Property Group
BRX
$8.99B
| $60.9M | 0.08% |
3,994,984
-1,838,028
| -32% | -$29.3M |
|
|
ZAYO
350
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $60.9M | 0.08% |
1,783,449
+512,195
| +40% | +$18.4M |
|
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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.