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 | |
|---|---|---|---|---|---|---|
3576
Albany International
AIN
$1.68B
| – | – |
-12,867
| Closed | -$791K |
|
3577
Airgain
AIRG
$69.3M
| – | – |
-11,384
| Closed | -$102K |
|
3578
Alico
ALCO
$305M
| – | – |
-7,169
| Closed | -$211K |
|
3579
Allegiant Air
ALGT
$2.24B
| – | – |
-2,769
| Closed | -$429K |
|
3580
CALL
Ally Financial
ALLY
$13B
| – | – |
-150,000
| Closed | -$4.37M |
|
|
ALX
3581
Alexander's
ALX
$1.38B
| – | – |
-1,379
| Closed | -$546K |
|
3582
CALL
Autoliv
ALV
$9.09B
| – | – |
-104,100
| Closed | -$9.53M |
|
3583
AMERISAFE
AMSF
$485M
| – | – |
-84,624
| Closed | -$5.21M |
|
3584
America Movil
AMX
$71.2B
| – | – |
-85,479
| Closed | -$1.47M |
|
3585
Angi Inc
ANGI
$202M
| – | – |
-43,809
| Closed | -$4.58M |
|
3586
A.O. Smith
AOS
$8.43B
| – | – |
-144,710
| Closed | -$8.87M |
|
3587
Ampco-Pittsburgh
AP
$183M
| – | – |
-19,621
| Closed | -$243K |
|
3588
APA Corp
APA
$14.6B
| – | – |
-592,227
| Closed | -$25M |
|
3589
Apogee Enterprises
APOG
$857M
| – | – |
-7,608
| Closed | -$348K |
|
3590
Algonquin Power & Utilities
AQN
$4.4B
| – | – |
-125,824
| Closed | -$1.4M |
|
|
ARI
3591
Apollo Commercial Real Estate
ARI
$880M
| – | – |
-22,250
| Closed | -$411K |
|
3592
Arrow Financial
AROW
$706M
| – | – |
-25,984
| Closed | -$739K |
|
3593
Ardmore Shipping
ASC
$740M
| – | – |
-23,792
| Closed | -$190K |
|
|
EFOR
3594
Everforth Inc
EFOR
$1.3B
| – | – |
-87,714
| Closed | -$5.64M |
|
3595
Aspen Aerogels
ASPN
$429M
| – | – |
-30,945
| Closed | -$151K |
|
3596
Astec Industries
ASTE
$1.01B
| – | – |
-65,565
| Closed | -$3.84M |
|
3597
Autohome
ATHM
$2.51B
| – | – |
-220,221
| Closed | -$14.2M |
|
3598
Atomera
ATOM
$179M
| – | – |
-11,670
| Closed | -$51K |
|
3599
CALL
AtriCure
ATRC
$2.48B
| – | – |
-20,000
| Closed | -$365K |
|
3600
Astronics
ATRO
$3.22B
| – | – |
-56,132
| Closed | -$1.69M |
|
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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.