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 | |
|---|---|---|---|---|---|---|
|
FMBI
651
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $31.4M | 0.04% |
1,277,943
-878,200
| -41% | -$22.1M |
|
652
Qorvo
QRVO
$8.4B
| $31.4M | 0.04% |
445,907
+317,848
| +248% | +$24M |
|
653
Mercury Insurance
MCY
$5.88B
| $31.4M | 0.04% |
684,565
+126,308
| +23% | +$6.02M |
|
654
Nu Skin
NUS
$232M
| $31.1M | 0.04% |
422,098
+381,414
| +938% | +$27.1M |
|
655
Red Robin
RRGB
$193M
| $31M | 0.04% |
535,103
+14,874
| +3% | +$828K |
|
|
BDN
656
Brandywine Realty Trust
BDN
$548M
| $31M | 0.04% |
1,952,249
+569,248
| +41% | +$9.47M |
|
657
Pegasystems
PEGA
$5.66B
| $30.9M | 0.04% |
1,019,236
+946,274
| +1,297% | +$25.6M |
|
658
Acco Brands
ACCO
$391M
| $30.8M | 0.04% |
2,454,991
+350,240
| +17% | +$4.39M |
|
659
Boise Cascade
BCC
$2.86B
| $30.8M | 0.04% |
798,134
-47,500
| -6% | -$1.97M |
|
660
Cousins Properties
CUZ
$4.94B
| $30.8M | 0.04% |
886,856
+111,384
| +14% | +$3.89M |
|
661
RingCentral
RNG
$5.6B
| $30.6M | 0.04% |
481,599
+393,069
| +444% | +$23M |
|
662
CALL
NRG Energy
NRG
$23.5B
| $30.5M | 0.04% |
1,000,000
+200,000
| +25% | +$5.54M |
|
663
Kinder Morgan
KMI
$69B
| $30.5M | 0.04% |
2,025,045
-2,414,124
| -54% | -$41.8M |
|
664
CF Industries
CF
$19.6B
| $30.4M | 0.04% |
805,199
+721,746
| +865% | +$29.4M |
|
|
JHG
665
DELISTED
Janus Henderson
JHG
| $30.3M | 0.04% |
914,877
+16,092
| +2% | +$593K |
|
|
QEP
666
DELISTED
QEP RESOURCES, INC.
QEP
| $30.3M | 0.04% |
3,090,865
-2,740,620
| -47% | -$25.9M |
|
667
Nucor
NUE
$55.4B
| $30.2M | 0.04% |
494,411
+465,556
| +1,613% | +$30.8M |
|
|
TVTY
668
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $30M | 0.04% |
757,235
-942,366
| -55% | -$36.6M |
|
669
Waters Corp
WAT
$40.2B
| $30M | 0.04% |
150,878
-48,572
| -24% | -$10M |
|
670
Stellantis
STLA
$19.7B
| $29.9M | 0.04% |
1,458,921
-1,045,391
| -42% | -$22.9M |
|
|
SBNY
671
DELISTED
Signature Bank
SBNY
| $29.9M | 0.04% |
210,871
-140,126
| -40% | -$21.1M |
|
672
EOG Resources
EOG
$78.6B
| $29.8M | 0.04% |
283,407
-257,139
| -48% | -$27.7M |
|
|
NUAN
673
DELISTED
Nuance Communications, Inc.
NUAN
| $29.8M | 0.04% |
2,186,808
-10,278
| -0.5% | -$150K |
|
|
SIX
674
DELISTED
Six Flags Entertainment Corp.
SIX
| $29.7M | 0.04% |
477,042
+174,557
| +58% | +$11.4M |
|
675
SEI Investments
SEIC
$13.3B
| $29.7M | 0.04% |
+396,459
| New | +$29.5M |
|
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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.