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 | |
|---|---|---|---|---|---|---|
26
Lam Research
LRCX
$393B
| $235M | 0.31% |
11,583,730
+5,164,530
| +80% | +$102M |
|
27
Abbott
ABT
$202B
| $227M | 0.3% |
3,782,136
-926,384
| -20% | -$55.8M |
|
|
PXD
28
DELISTED
Pioneer Natural Resource Co.
PXD
| $226M | 0.3% |
1,318,209
+1,226,344
| +1,335% | +$216M |
|
|
CELG
29
DELISTED
Celgene Corp
CELG
| $219M | 0.29% |
2,455,779
+1,791,548
| +270% | +$172M |
|
30
Lennar Class A
LEN
$21B
| $217M | 0.29% |
3,807,690
+1,516,733
| +66% | +$91.5M |
|
31
TJX Companies
TJX
$155B
| $217M | 0.29% |
5,310,786
+3,332,408
| +168% | +$132M |
|
32
General Dynamics
GD
$104B
| $206M | 0.27% |
931,892
+653,083
| +234% | +$142M |
|
33
Ross Stores
ROST
$76.7B
| $203M | 0.27% |
2,603,686
+598,433
| +30% | +$47.5M |
|
|
RSPP
34
DELISTED
RSP Permian, Inc.
RSPP
| $200M | 0.27% |
4,266,594
-262,630
| -6% | -$10.3M |
|
35
Lockheed Martin
LMT
$130B
| $199M | 0.27% |
588,674
+399,639
| +211% | +$136M |
|
36
Caterpillar
CAT
$381B
| $196M | 0.26% |
1,333,193
-136,283
| -9% | -$21.5M |
|
37
Danaher
DHR
$154B
| $194M | 0.26% |
2,233,307
+1,339,035
| +150% | +$117M |
|
38
Las Vegas Sands
LVS
$30.5B
| $193M | 0.26% |
2,679,090
+1,664,098
| +164% | +$122M |
|
|
39
Kohl's
KSS
$2B
| $192M | 0.26% |
2,931,723
+2,869,288
| +4,596% | +$182M |
|
40
AB InBev
BUD
$155B
| $188M | 0.25% |
1,711,961
-33,935
| -2% | -$3.76M |
|
41
Waste Management
WM
$89.6B
| $184M | 0.25% |
2,182,980
+1,448,281
| +197% | +$124M |
|
42
Zoetis
ZTS
$32.1B
| $183M | 0.24% |
2,194,778
+210,308
| +11% | +$16.6M |
|
43
Apple
AAPL
$4.51T
| $182M | 0.24% |
4,342,624
+1,844,896
| +74% | +$79.4M |
|
44
AutoZone
AZO
$48.3B
| $179M | 0.24% |
276,542
-169,660
| -38% | -$121M |
|
|
SNV
45
DELISTED
Synovus
SNV
| $179M | 0.24% |
3,589,308
+1,485,871
| +71% | +$74.9M |
|
46
Pultegroup
PHM
$24.6B
| $179M | 0.24% |
6,059,291
+5,863,443
| +2,994% | +$182M |
|
47
American Tower
AMT
$81.9B
| $179M | 0.24% |
1,229,304
+440,299
| +56% | +$62M |
|
|
EGN
48
DELISTED
Energen
EGN
| $177M | 0.24% |
2,822,355
-106,159
| -4% | -$5.96M |
|
49
Travel + Leisure Co
TNL
$4.39B
| $176M | 0.23% |
3,405,303
+3,374,687
| +11,023% | +$180M |
|
50
Bristol-Myers Squibb
BMY
$137B
| $172M | 0.23% |
2,726,813
+665,890
| +32% | +$42.8M |
|
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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.