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 | |
|---|---|---|---|---|---|---|
601
Federal Realty Investment Trust
FRT
$10.2B
| $34.3M | 0.05% |
295,168
+143,491
| +95% | +$16.9M |
|
602
United Rentals
URI
$67.6B
| $34.3M | 0.05% |
198,350
-67,417
| -25% | -$12M |
|
603
Fomento Económico Mexicano
FMX
$41.5B
| $34.2M | 0.05% |
374,396
-190,805
| -34% | -$17.9M |
|
|
SC
604
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $34.2M | 0.05% |
2,095,990
-2,008,487
| -49% | -$34.7M |
|
|
HDP
605
DELISTED
Hortonworks, Inc.
HDP
| $34.1M | 0.05% |
1,675,110
+610,129
| +57% | +$12M |
|
606
Silicon Motion
SIMO
$8.35B
| $34.1M | 0.05% |
708,609
+113,842
| +19% | +$5.46M |
|
607
Pan American Silver
PAAS
$22.1B
| $34M | 0.05% |
2,103,579
-2,070,862
| -50% | -$33M |
|
608
VF Corp
VFC
$5.63B
| $34M | 0.05% |
+486,745
| New | +$35.2M |
|
609
Hershey
HSY
$38B
| $33.8M | 0.05% |
341,787
+306,105
| +858% | +$31.6M |
|
610
Copa Holdings
CPA
$5.96B
| $33.7M | 0.05% |
262,174
+153,399
| +141% | +$20.6M |
|
|
TTM
611
DELISTED
Tata Motors Limited
TTM
| $33.6M | 0.04% |
1,308,312
+1,091,497
| +503% | +$32.1M |
|
|
DCH
612
Dauch Corp
DCH
$1.53B
| $33.5M | 0.04% |
2,198,292
-2,126,127
| -49% | -$34.9M |
|
613
Melco Resorts & Entertainment
MLCO
$2.07B
| $33.4M | 0.04% |
1,151,506
-680,914
| -37% | -$19.1M |
|
614
The Greenbrier Companies
GBX
$1.42B
| $33.4M | 0.04% |
663,906
+69,057
| +12% | +$3.51M |
|
615
CALL
Colgate-Palmolive
CL
$73.2B
| $33.3M | 0.04% |
465,000
+395,000
| +564% | +$28.4M |
|
616
Jazz Pharmaceuticals
JAZZ
$16.4B
| $33.3M | 0.04% |
220,639
+193,347
| +708% | +$28.4M |
|
|
SPR
617
DELISTED
Spirit AeroSystems
SPR
| $33.3M | 0.04% |
397,898
-8,294
| -2% | -$758K |
|
618
Royal Caribbean
RCL
$78.4B
| $33.3M | 0.04% |
282,679
+188,787
| +201% | +$23.9M |
|
619
Bruker
BRKR
$8.75B
| $33.2M | 0.04% |
1,111,217
-831,407
| -43% | -$27M |
|
|
WAGE
620
DELISTED
WageWorks, Inc.
WAGE
| $33.2M | 0.04% |
733,890
+203,837
| +38% | +$11.1M |
|
621
New Oriental
EDU
$8.99B
| $33.2M | 0.04% |
378,449
+223,714
| +145% | +$20.8M |
|
|
VNTR
622
DELISTED
Venator Materials PLC
VNTR
| $33.1M | 0.04% |
1,831,286
+817,555
| +81% | +$17.2M |
|
|
GWR
623
DELISTED
Genesee & Wyoming Inc.
GWR
| $33M | 0.04% |
466,325
+360,246
| +340% | +$27.2M |
|
624
Kosmos Energy
KOS
$1.69B
| $32.9M | 0.04% |
5,225,419
+4,026,583
| +336% | +$25.2M |
|
625
Assured Guaranty
AGO
$3.29B
| $32.9M | 0.04% |
907,823
+895,128
| +7,051% | +$31.5M |
|
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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.