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 | |
|---|---|---|---|---|---|---|
501
Telephone and Data Systems
TDS
$3.87B
| $42.1M | 0.06% |
1,502,164
+616,324
| +70% | +$16.7M |
|
502
Synopsys
SNPS
$76.2B
| $42.1M | 0.06% |
505,557
-377,952
| -43% | -$33.2M |
|
|
RWT
503
Redwood Trust
RWT
$603M
| $42M | 0.06% |
2,713,424
+1,856,050
| +216% | +$27.9M |
|
504
Devon Energy
DVN
$54B
| $41.9M | 0.06% |
1,319,486
+114,148
| +9% | +$4.19M |
|
505
Jones Lang LaSalle
JLL
$17.8B
| $41.9M | 0.06% |
239,689
-6,162
| -3% | -$990K |
|
|
QTS
506
DELISTED
QTS REALTY TRUST, INC.
QTS
| $41.4M | 0.06% |
+1,142,469
| New | +$49M |
|
507
Hilton Worldwide
HLT
$73.5B
| $41.3M | 0.06% |
524,826
+460,378
| +714% | +$37.8M |
|
|
AAMI
508
Acadian Asset Management
AAMI
$3.28B
| $41.2M | 0.05% |
2,613,080
+771,284
| +42% | +$12.7M |
|
|
PR
509
Permian Resources
PR
$19.9B
| $41M | 0.05% |
2,232,930
+1,762,800
| +375% | +$34M |
|
|
CSFL
510
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $40.9M | 0.05% |
1,540,764
+899,674
| +140% | +$24.1M |
|
511
Verisk Analytics
VRSK
$24.4B
| $40.8M | 0.05% |
392,668
+327,945
| +507% | +$32.7M |
|
|
IMMU
512
DELISTED
Immunomedics Inc
IMMU
| $40.7M | 0.05% |
2,785,718
-3,495,808
| -56% | -$57.1M |
|
|
WLH
513
DELISTED
WILLIAM LYON HOMES
WLH
| $40.7M | 0.05% |
1,480,162
-201,473
| -12% | -$5.61M |
|
514
Teradyne
TER
$58.7B
| $40.7M | 0.05% |
889,329
-371,541
| -29% | -$17M |
|
515
Illumina
ILMN
$33.1B
| $40.6M | 0.05% |
176,481
+167,873
| +1,950% | +$38.5M |
|
|
LGF.A
516
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $40.5M | 0.05% |
1,568,729
+280,215
| +22% | +$8.54M |
|
|
PXD
517
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $40.5M | 0.05% |
235,800
+38,800
| +20% | +$6.84M |
|
|
NFX
518
DELISTED
Newfield Exploration
NFX
| $40.4M | 0.05% |
1,653,764
+879,938
| +114% | +$24.7M |
|
519
Capri Holdings
CPRI
$1.55B
| $40.3M | 0.05% |
648,587
+562,424
| +653% | +$35.8M |
|
520
Tower Semiconductor
TSEM
$25.2B
| $40M | 0.05% |
1,487,024
+353,630
| +31% | +$11.3M |
|
521
Chevron
CVX
$403B
| $39.7M | 0.05% |
348,439
+135,660
| +64% | +$16.2M |
|
522
Elevance Health
ELV
$86.9B
| $39.6M | 0.05% |
180,343
-252,321
| -58% | -$59.3M |
|
523
Armstrong World Industries
AWI
$7.55B
| $39.6M | 0.05% |
703,074
-8,763
| -1% | -$531K |
|
|
SYNH
524
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $39.4M | 0.05% |
+1,109,927
| New | +$43.5M |
|
525
Criteo S.A.
CRTO
$855M
| $39.2M | 0.05% |
1,517,823
+896,020
| +144% | +$24.3M |
|
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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.