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 | |
|---|---|---|---|---|---|---|
351
Thomson Reuters
TRI
$45.7B
| $60.4M | 0.08% |
1,347,130
+318,480
| +31% | +$15.2M |
|
352
FerroAtlántica
GSM
$762M
| $60.1M | 0.08% |
5,602,338
+1,733,468
| +45% | +$26.4M |
|
|
TSS
353
DELISTED
Total System Services, Inc.
TSS
| $60.1M | 0.08% |
696,791
-182,794
| -21% | -$15.7M |
|
354
Keurig Dr Pepper
KDP
$43.6B
| $59.9M | 0.08% |
506,253
+299,107
| +144% | +$33.2M |
|
|
MGP
355
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $59.9M | 0.08% |
2,255,455
+525,933
| +30% | +$14.3M |
|
356
Northern Trust
NTRS
$33.6B
| $59.8M | 0.08% |
580,091
+558,082
| +2,536% | +$58.4M |
|
357
Bloomin' Brands
BLMN
$996M
| $59.8M | 0.08% |
2,462,139
+1,589,579
| +182% | +$36M |
|
358
Post Holdings
POST
$3.65B
| $59.6M | 0.08% |
1,202,982
-439,636
| -27% | -$22.2M |
|
359
Vipshop
VIPS
$6.98B
| $59.5M | 0.08% |
3,581,097
-3,279,684
| -48% | -$54.2M |
|
360
Whirlpool
WHR
$2.63B
| $59.2M | 0.08% |
386,412
+379,323
| +5,351% | +$63.4M |
|
361
Arthur J. Gallagher & Co
AJG
$67.6B
| $59.1M | 0.08% |
859,466
+351,376
| +69% | +$23.7M |
|
362
Home Depot
HD
$335B
| $58.9M | 0.08% |
330,559
-141,389
| -30% | -$26.5M |
|
363
Yum China
YUMC
$16.9B
| $58.9M | 0.08% |
1,419,057
-291,436
| -17% | -$12.5M |
|
364
Automatic Data Processing
ADP
$112B
| $58.8M | 0.08% |
518,342
-98,943
| -16% | -$11.5M |
|
|
RDS.A
365
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $58.6M | 0.08% |
919,068
-813,821
| -47% | -$53.6M |
|
366
Popular Inc
BPOP
$10.8B
| $58.5M | 0.08% |
1,405,660
-19,015
| -1% | -$779K |
|
367
Landstar System
LSTR
$6.33B
| $58.3M | 0.08% |
531,453
+324,924
| +157% | +$35.6M |
|
368
Cleveland-Cliffs
CLF
$6.43B
| $57.9M | 0.08% |
8,333,410
+7,315,995
| +719% | +$54.9M |
|
369
KLA
KLAC
$240B
| $57.9M | 0.08% |
5,309,560
+126,600
| +2% | +$1.41M |
|
370
Box
BOX
$4.56B
| $57.8M | 0.08% |
2,812,530
-1,501,654
| -35% | -$32.3M |
|
371
First American
FAF
$7.33B
| $57.7M | 0.08% |
983,685
+415,975
| +73% | +$24.4M |
|
372
Trane Technologies
TT
$99.8B
| $57.7M | 0.08% |
674,786
+145,973
| +28% | +$13.1M |
|
|
TSE
373
DELISTED
Trinseo
TSE
| $57.4M | 0.08% |
+775,578
| New | +$61.1M |
|
|
CA
374
DELISTED
CA, Inc.
CA
| $57.4M | 0.08% |
1,693,759
+1,288,738
| +318% | +$44.8M |
|
375
Range Resources
RRC
$9.59B
| $57.3M | 0.08% |
3,941,196
-868,193
| -18% | -$13M |
|
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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.