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 | |
|---|---|---|---|---|---|---|
|
FDC
426
DELISTED
First Data Corporation
FDC
| $49.4M | 0.07% |
3,089,610
-856,075
| -22% | -$14.2M |
|
427
National Health Investors
NHI
$3.6B
| $49.2M | 0.07% |
731,705
+78,703
| +12% | +$5.38M |
|
428
NVIDIA
NVDA
$5.2T
| $49.2M | 0.07% |
8,490,600
+8,389,360
| +8,287% | +$49.3M |
|
429
Xcel Energy
XEL
$47.7B
| $48.9M | 0.07% |
1,075,362
+1,015,020
| +1,682% | +$45.2M |
|
430
Xerox
XRX
$381M
| $48.9M | 0.07% |
1,698,526
+1,197,972
| +239% | +$36.8M |
|
431
Expedia Group
EXPE
$38.6B
| $48.8M | 0.07% |
442,001
-4
| -0% | -$466 |
|
432
Camping World
CWH
$676M
| $48.7M | 0.07% |
1,510,351
+578,046
| +62% | +$23.5M |
|
433
AGCO
AGCO
$7.48B
| $48.7M | 0.06% |
750,299
+48,800
| +7% | +$3.37M |
|
|
CTXS
434
DELISTED
Citrix Systems Inc
CTXS
| $48.6M | 0.06% |
523,709
+21,806
| +4% | +$2.01M |
|
|
DFS
435
DELISTED
Discover Financial Services
DFS
| $48.6M | 0.06% |
675,598
-142,094
| -17% | -$11M |
|
|
AIV
436
Aimco
AIV
$381M
| $48.5M | 0.06% |
8,935,537
+1,763,213
| +25% | +$9.45M |
|
437
CALL
Meta Platforms (Facebook)
META
$1.4T
| $48.4M | 0.06% |
+303,000
| New | +$54.4M |
|
438
Timken Company
TKR
$8.67B
| $48.4M | 0.06% |
1,060,345
+338,365
| +47% | +$16.3M |
|
439
Emergent Biosolutions
EBS
$260M
| $48.3M | 0.06% |
917,065
+209,581
| +30% | +$10.4M |
|
|
CDK
440
DELISTED
CDK Global, Inc.
CDK
| $48.2M | 0.06% |
760,356
+676,076
| +802% | +$47.3M |
|
|
FCE.A
441
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $47.9M | 0.06% |
2,365,658
+833,386
| +54% | +$18.5M |
|
442
SPDR Gold Trust
GLD
$154B
| $47.9M | 0.06% |
380,825
+266,068
| +232% | +$33.6M |
|
443
Principal Financial Group
PFG
$23.7B
| $47.6M | 0.06% |
781,362
-161,486
| -17% | -$10.6M |
|
444
IBM
IBM
$222B
| $47.6M | 0.06% |
324,365
-363,577
| -53% | -$55M |
|
445
Moody's
MCO
$87.2B
| $47.6M | 0.06% |
294,820
+281,146
| +2,056% | +$45.5M |
|
|
MDR
446
DELISTED
McDermott International
MDR
| $47.5M | 0.06% |
2,598,330
+190,515
| +8% | +$4.35M |
|
447
Jacobs Solutions
J
$17.6B
| $47.5M | 0.06% |
970,081
+121,378
| +14% | +$6.42M |
|
448
Ryder
R
$9.58B
| $47.2M | 0.06% |
647,998
+80,097
| +14% | +$6.45M |
|
449
Carter's
CRI
$1.31B
| $47.2M | 0.06% |
453,094
-416,084
| -48% | -$48.4M |
|
450
Advance Auto Parts
AAP
$2.57B
| $47.1M | 0.06% |
397,080
-383,655
| -49% | -$43.8M |
|
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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.