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 | |
|---|---|---|---|---|---|---|
526
iRhythm Holdings
IRTC
$4.24B
| $39.1M | 0.05% |
620,500
+187,413
| +43% | +$11.6M |
|
|
RDS.B
527
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $39M | 0.05% |
594,723
+189,267
| +47% | +$12.7M |
|
528
Houlihan Lokey
HLI
$9.02B
| $38.9M | 0.05% |
872,930
+698,759
| +401% | +$33.1M |
|
529
Align Technology
ALGN
$11.5B
| $38.8M | 0.05% |
154,581
-190,496
| -55% | -$48.9M |
|
530
UGI
UGI
$8.06B
| $38.8M | 0.05% |
873,549
-17,287
| -2% | -$775K |
|
531
Halliburton
HAL
$29.4B
| $38.8M | 0.05% |
825,841
-4,396,030
| -84% | -$217M |
|
532
Hexcel
HXL
$7.1B
| $38.8M | 0.05% |
600,042
+46,257
| +8% | +$3.05M |
|
533
Etsy
ETSY
$7.44B
| $38.7M | 0.05% |
1,377,649
+246,788
| +22% | +$5.55M |
|
534
Urban Outfitters
URBN
$6.36B
| $38.5M | 0.05% |
1,042,420
+555,116
| +114% | +$19.5M |
|
535
Simply Good Foods
SMPL
$962M
| $38.5M | 0.05% |
2,804,550
+1,082,031
| +63% | +$14.8M |
|
|
HRC
536
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $38.4M | 0.05% |
440,981
-310,268
| -41% | -$26.5M |
|
|
EV
537
DELISTED
Eaton Vance Corp.
EV
| $38.4M | 0.05% |
689,054
-271,454
| -28% | -$15.4M |
|
538
Werner Enterprises
WERN
$2.33B
| $38.3M | 0.05% |
1,050,167
-5,852
| -0.6% | -$228K |
|
539
Macy's
M
$6B
| $38.3M | 0.05% |
1,287,697
-515,757
| -29% | -$13.9M |
|
540
Deckers Outdoor
DECK
$12.5B
| $38.2M | 0.05% |
2,548,536
+2,281,380
| +854% | +$34.3M |
|
541
Archer Daniels Midland
ADM
$38.7B
| $38.2M | 0.05% |
881,151
+607,780
| +222% | +$25.6M |
|
542
CALL
Olin
OLN
$2.1B
| $38M | 0.05% |
1,250,000
-1,250,000
| -50% | -$42.6M |
|
543
Charles River Laboratories
CRL
$14.1B
| $38M | 0.05% |
355,887
+350,454
| +6,450% | +$37.8M |
|
|
CIVI
544
DELISTED
Civitas Resources
CIVI
| $38M | 0.05% |
1,369,924
+969,239
| +242% | +$26.7M |
|
545
F5
FFIV
$21.8B
| $37.8M | 0.05% |
261,615
-103,598
| -28% | -$14.9M |
|
|
GRA
546
DELISTED
W.R. Grace & Co.
GRA
| $37.6M | 0.05% |
614,574
-100,577
| -14% | -$6.89M |
|
|
DATA
547
DELISTED
Tableau Software, Inc.
DATA
| $37.3M | 0.05% |
+462,128
| New | +$36.6M |
|
548
CMS Energy
CMS
$21.4B
| $37.2M | 0.05% |
822,071
-2,318,528
| -74% | -$102M |
|
549
MSC Industrial Direct
MSM
$6.69B
| $37.2M | 0.05% |
405,741
+83,132
| +26% | +$7.68M |
|
550
HUB Group
HUBG
$2.49B
| $37.2M | 0.05% |
1,777,188
+971,614
| +121% | +$22.7M |
|
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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.