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 | |
|---|---|---|---|---|---|---|
676
Ryman Hospitality Properties
RHP
$8.95B
| $29.6M | 0.04% |
382,733
+290,055
| +313% | +$21.2M |
|
|
NEWR
677
DELISTED
New Relic, Inc.
NEWR
| $29.4M | 0.04% |
397,239
+331,291
| +502% | +$22.2M |
|
678
Progress Software
PRGS
$1.8B
| $29.3M | 0.04% |
760,774
+440,828
| +138% | +$20.2M |
|
679
Leidos
LDOS
$17.4B
| $29.2M | 0.04% |
446,724
+4,149
| +0.9% | +$274K |
|
680
Euronet Worldwide
EEFT
$2.62B
| $29.2M | 0.04% |
370,121
-282,404
| -43% | -$24.9M |
|
681
Red Rock Resorts
RRR
$3.62B
| $29.2M | 0.04% |
995,664
-52,655
| -5% | -$1.73M |
|
682
Evercore
EVR
$11.1B
| $29M | 0.04% |
332,366
+245,459
| +282% | +$23.1M |
|
|
CALY
683
Callaway Golf Company
CALY
$2.82B
| $29M | 0.04% |
1,770,371
-724,561
| -29% | -$11M |
|
684
CALL
Starbucks
SBUX
$122B
| $28.9M | 0.04% |
+500,000
| New | +$28.9M |
|
685
Outfront Media
OUT
$5.31B
| $28.9M | 0.04% |
1,568,875
-637,046
| -29% | -$13.2M |
|
|
ATHN
686
DELISTED
Athenahealth, Inc.
ATHN
| $28.9M | 0.04% |
201,736
+119,784
| +146% | +$16.4M |
|
687
United Parks & Resorts
PRKS
$2.01B
| $28.8M | 0.04% |
1,940,830
-437,023
| -18% | -$6.42M |
|
|
LSXMK
688
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $28.7M | 0.04% |
921,252
+57,018
| +7% | +$1.81M |
|
689
Intuit
INTU
$102B
| $28.6M | 0.04% |
165,082
+68,112
| +70% | +$11.5M |
|
|
HA
690
DELISTED
Hawaiian Holdings, Inc.
HA
| $28.4M | 0.04% |
734,663
-361,999
| -33% | -$13.5M |
|
691
Nokia
NOK
$55.6B
| $28.3M | 0.04% |
5,177,007
+752,977
| +17% | +$4.06M |
|
692
Steel Dynamics
STLD
$32.8B
| $28.2M | 0.04% |
637,150
-1,297,991
| -67% | -$59.8M |
|
693
Procter & Gamble
PG
$339B
| $28.2M | 0.04% |
355,117
+54,921
| +18% | +$4.58M |
|
694
Selective Insurance
SIGI
$5.52B
| $28.1M | 0.04% |
462,806
-25,269
| -5% | -$1.49M |
|
|
VRS
695
DELISTED
Verso Corporation
VRS
| $28.1M | 0.04% |
1,667,880
+968,278
| +138% | +$16.2M |
|
696
Darden Restaurants
DRI
$25.6B
| $28.1M | 0.04% |
329,425
+303,736
| +1,182% | +$28.8M |
|
|
AABA
697
CALL
DELISTED
Altaba Inc
AABA
| $28M | 0.04% |
+378,000
| New | +$28.5M |
|
698
Valero Energy
VLO
$100B
| $27.9M | 0.04% |
300,447
+20,325
| +7% | +$1.9M |
|
699
Cincinnati Financial
CINF
$26.2B
| $27.7M | 0.04% |
373,603
+268,691
| +256% | +$20.1M |
|
700
TE Connectivity
TEL
$58.4B
| $27.7M | 0.04% |
277,441
-43,712
| -14% | -$4.42M |
|
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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.