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 | |
|---|---|---|---|---|---|---|
626
Advanced Energy
AEIS
$11B
| $32.7M | 0.04% |
512,174
-5,974
| -1% | -$413K |
|
627
Ares Capital
ARCC
$14.4B
| $32.7M | 0.04% |
2,061,345
+1,870,436
| +980% | +$29.6M |
|
628
Century Communities
CCS
$1.98B
| $32.7M | 0.04% |
1,091,244
-150,025
| -12% | -$4.76M |
|
629
Essent Group
ESNT
$6.18B
| $32.7M | 0.04% |
767,307
+348,544
| +83% | +$15.8M |
|
|
MGLN
630
DELISTED
Magellan Health Services, Inc.
MGLN
| $32.6M | 0.04% |
304,688
-283,776
| -48% | -$28.5M |
|
|
TXNM
631
TXNM Energy Inc
TXNM
$5.89B
| $32.6M | 0.04% |
852,086
+481,967
| +130% | +$17.7M |
|
|
DNB
632
DELISTED
Dun & Bradstreet
DNB
| $32.5M | 0.04% |
278,016
+178,389
| +179% | +$21.7M |
|
|
GCP
633
DELISTED
GCP Applied Technologies Inc.
GCP
| $32.5M | 0.04% |
1,117,691
+405,854
| +57% | +$13.1M |
|
|
TPH
634
DELISTED
Tri Pointe Homes
TPH
| $32.4M | 0.04% |
1,972,304
+310,739
| +19% | +$5.34M |
|
635
Accenture
ACN
$114B
| $32.4M | 0.04% |
210,991
+140,431
| +199% | +$22.2M |
|
636
PagSeguro Digital
PAGS
$2.41B
| $32.3M | 0.04% |
+842,861
| New | +$27.1M |
|
637
AnaptysBio
ANAB
$1.72B
| $32.2M | 0.04% |
309,461
+130,686
| +73% | +$14.7M |
|
638
Molson Coors Class B
TAP
$8.06B
| $32.2M | 0.04% |
427,067
-1,012,191
| -70% | -$80.9M |
|
639
Cooper-Standard Automotive
CPS
$477M
| $32.1M | 0.04% |
261,460
+68,735
| +36% | +$8.45M |
|
|
DLPH
640
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $32M | 0.04% |
671,576
+211,244
| +46% | +$11M |
|
641
Prothena Corp
PRTA
$484M
| $32M | 0.04% |
871,309
+862,283
| +9,553% | +$31.4M |
|
642
Veeva Systems
VEEV
$40.1B
| $31.9M | 0.04% |
437,026
+109,123
| +33% | +$7.05M |
|
|
KSU
643
DELISTED
Kansas City Southern
KSU
| $31.8M | 0.04% |
289,130
-740,010
| -72% | -$80.2M |
|
|
ARCH
644
DELISTED
Arch Resources, Inc.
ARCH
| $31.8M | 0.04% |
345,625
+126,353
| +58% | +$11.8M |
|
|
UCB
645
United Community Banks
UCB
$4.28B
| $31.6M | 0.04% |
999,985
+153,584
| +18% | +$4.81M |
|
646
D.R. Horton
DHI
$41.5B
| $31.6M | 0.04% |
719,991
-4,333,098
| -86% | -$202M |
|
|
GRFS
647
Grifois
GRFS
$5.44B
| $31.5M | 0.04% |
1,488,055
+226,173
| +18% | +$5.15M |
|
|
IMPV
648
DELISTED
Imperva, Inc.
IMPV
| $31.5M | 0.04% |
728,068
-50,305
| -6% | -$2.26M |
|
|
JOYY
649
JOYY Inc
JOYY
$3.71B
| $31.4M | 0.04% |
298,921
-53,327
| -15% | -$6.72M |
|
|
VAR
650
DELISTED
Varian Medical Systems, Inc.
VAR
| $31.4M | 0.04% |
256,392
+229,184
| +842% | +$27.3M |
|
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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.