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 | |
|---|---|---|---|---|---|---|
|
GMS
451
DELISTED
GMS Inc
GMS
| $47.1M | 0.06% |
1,540,256
+345,121
| +29% | +$11.7M |
|
|
LQ
452
DELISTED
La Quinta Holdings Inc.
LQ
| $46.6M | 0.06% |
2,466,752
-290,011
| -11% | -$5.48M |
|
453
Ametek
AME
$54.9B
| $46.5M | 0.06% |
612,222
-170,122
| -22% | -$12.9M |
|
|
WCN
454
Waste Connections
WCN
$42.6B
| $46.3M | 0.06% |
646,004
-66,534
| -9% | -$4.73M |
|
455
Tanger
SKT
$4.39B
| $46.3M | 0.06% |
+2,104,655
| New | +$49.4M |
|
456
Smith & Nephew
SNN
$12.2B
| $46.3M | 0.06% |
1,213,485
-136,555
| -10% | -$4.94M |
|
|
NBL
457
DELISTED
Noble Energy, Inc.
NBL
| $46.2M | 0.06% |
+1,524,291
| New | +$45.9M |
|
458
Pinnacle Financial Partners Inc
PNFP
$15.5B
| $46.1M | 0.06% |
718,629
+470,031
| +189% | +$30.7M |
|
|
RVNC
459
DELISTED
Revance Therapeutics, Inc.
RVNC
| $46M | 0.06% |
1,494,441
+395,409
| +36% | +$12.7M |
|
460
Papa John's
PZZA
$788M
| $46M | 0.06% |
803,192
+130,252
| +19% | +$7.79M |
|
461
Vistra
VST
$45.7B
| $46M | 0.06% |
2,206,823
+2,162,430
| +4,871% | +$41.8M |
|
462
Best Buy
BBY
$18.1B
| $45.8M | 0.06% |
654,369
+540,097
| +473% | +$38.8M |
|
463
Roper Technologies
ROP
$40.7B
| $45.8M | 0.06% |
163,166
-116,050
| -42% | -$32M |
|
|
GPT
464
DELISTED
Gramercy Property Trust
GPT
| $45.7M | 0.06% |
2,102,572
+1,464,817
| +230% | +$34.8M |
|
465
Pitney Bowes
PBI
$2.26B
| $45.6M | 0.06% |
4,189,353
+3,636,177
| +657% | +$45M |
|
|
LPT
466
DELISTED
Liberty Property Trust
LPT
| $45.6M | 0.06% |
1,147,990
+559,345
| +95% | +$22.6M |
|
467
CoreCivic
CXW
$3.36B
| $45.5M | 0.06% |
2,329,941
+664,286
| +40% | +$14.4M |
|
|
RDC
468
DELISTED
Rowan Companies Plc
RDC
| $45.5M | 0.06% |
3,939,908
+2,201,957
| +127% | +$30.3M |
|
469
Southwest Gas
SWX
$6.44B
| $45.4M | 0.06% |
671,315
+380,179
| +131% | +$27M |
|
470
First Industrial Realty Trust
FR
$8.34B
| $45.3M | 0.06% |
1,550,590
+77,461
| +5% | +$2.29M |
|
471
Evolent Health
EVH
$536M
| $45.3M | 0.06% |
3,179,977
+363,191
| +13% | +$5.2M |
|
|
MON
472
CALL
DELISTED
Monsanto Co
MON
| $45.2M | 0.06% |
387,000
+187,000
| +94% | +$22.5M |
|
473
American Homes 4 Rent
AMH
$12.4B
| $45.1M | 0.06% |
2,248,076
-469,167
| -17% | -$9.34M |
|
474
Arch Capital
ACGL
$33.9B
| $45M | 0.06% |
1,576,014
+1,482,726
| +1,589% | +$43.6M |
|
475
Warner Bros
WBD
$71.6B
| $44.7M | 0.06% |
+2,088,065
| New | +$49.7M |
|
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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.