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 | |
|---|---|---|---|---|---|---|
|
IDTI
551
DELISTED
Integrated Device Technology I
IDTI
| $37.2M | 0.05% |
1,215,797
+842,897
| +226% | +$26.2M |
|
|
VRNT
552
DELISTED
Verint Systems
VRNT
| $37M | 0.05% |
1,703,368
+861,427
| +102% | +$17.7M |
|
553
BJ's Restaurants
BJRI
$1.43B
| $37M | 0.05% |
823,231
-202,305
| -20% | -$8.15M |
|
|
MRC
554
DELISTED
MRC Global
MRC
| $36.8M | 0.05% |
2,238,381
-302,854
| -12% | -$5.29M |
|
|
CJ
555
DELISTED
C&J Energy Services, Inc.
CJ
| $36.8M | 0.05% |
1,424,834
+1,331,537
| +1,427% | +$38M |
|
556
Sonoco
SON
$5.67B
| $36.7M | 0.05% |
756,841
+743,677
| +5,649% | +$37.8M |
|
|
BIG
557
DELISTED
Big Lots, Inc.
BIG
| $36.6M | 0.05% |
841,412
+535,371
| +175% | +$29.3M |
|
558
First Interstate BancSystem
FIBK
$3.56B
| $36.6M | 0.05% |
925,836
+255,808
| +38% | +$10.4M |
|
559
Dana Inc
DAN
$3.23B
| $36.6M | 0.05% |
1,421,103
-598,372
| -30% | -$17.7M |
|
|
SHPG
560
DELISTED
Shire pic
SHPG
| $36.5M | 0.05% |
244,202
+71,073
| +41% | +$9.79M |
|
561
East-West Bancorp
EWBC
$17.7B
| $36.4M | 0.05% |
582,642
+253,400
| +77% | +$16.6M |
|
|
AKS
562
CALL
DELISTED
AK Steel Holding Corp
AKS
| $36.2M | 0.05% |
+8,000,000
| New | +$44M |
|
563
Diodes
DIOD
$4.09B
| $36.2M | 0.05% |
1,189,472
+12,784
| +1% | +$383K |
|
|
REN
564
DELISTED
Resolute Energy Corporaton
REN
| $36.1M | 0.05% |
1,043,089
-360,625
| -26% | -$12.2M |
|
565
Extra Space Storage
EXR
$30.9B
| $36M | 0.05% |
412,538
+382,778
| +1,286% | +$32.2M |
|
566
Gates Industrial Corp
GTES
$6.49B
| $36M | 0.05% |
+2,054,165
| New | +$37M |
|
567
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $36M | 0.05% |
430,343
-38,133
| -8% | -$3.19M |
|
568
Commercial Metals
CMC
$7.16B
| $35.9M | 0.05% |
1,752,661
+140,385
| +9% | +$3.41M |
|
569
Yelp
YELP
$1.29B
| $35.8M | 0.05% |
857,030
+346,768
| +68% | +$15.1M |
|
|
LHCG
570
DELISTED
LHC Group LLC
LHCG
| $35.7M | 0.05% |
580,669
+461,176
| +386% | +$29.1M |
|
|
SCG
571
DELISTED
Scana
SCG
| $35.7M | 0.05% |
951,756
-578,820
| -38% | -$23.2M |
|
572
Sunrun
RUN
$2.16B
| $35.7M | 0.05% |
3,998,203
+1,989,808
| +99% | +$13.4M |
|
573
Prologis
PLD
$135B
| $35.7M | 0.05% |
566,640
+559,457
| +7,789% | +$34.8M |
|
574
Franklin Templeton
BEN
$17.5B
| $35.7M | 0.05% |
1,028,586
-308,833
| -23% | -$12.6M |
|
575
Conduent
CNDT
$250M
| $35.6M | 0.05% |
1,912,273
+471,583
| +33% | +$8.3M |
|
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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.