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 | |
|---|---|---|---|---|---|---|
|
HES
51
DELISTED
Hess
HES
| $171M | 0.23% |
3,385,508
+2,696,985
| +392% | +$132M |
|
52
Mastercard
MA
$522B
| $171M | 0.23% |
973,680
+527,352
| +118% | +$90.1M |
|
53
American International
AIG
$40.5B
| $170M | 0.23% |
3,132,942
+1,869,555
| +148% | +$110M |
|
54
Louisiana-Pacific
LPX
$5.07B
| $169M | 0.23% |
5,880,551
+2,581,310
| +78% | +$74M |
|
55
Knight Transportation
KNX
$11.3B
| $169M | 0.23% |
3,670,747
+2,826,495
| +335% | +$134M |
|
|
TWX
56
DELISTED
Time Warner Inc
TWX
| $168M | 0.22% |
1,774,201
+433,355
| +32% | +$40.8M |
|
57
CVS Health
CVS
$119B
| $165M | 0.22% |
2,645,081
+1,606,570
| +155% | +$115M |
|
58
SM Energy
SM
$8.54B
| $164M | 0.22% |
9,116,966
+2,263,004
| +33% | +$48.9M |
|
59
NXP Semiconductors
NXPI
$55.5B
| $164M | 0.22% |
1,403,503
-119,770
| -8% | -$14.5M |
|
60
Eaton
ETN
$159B
| $164M | 0.22% |
2,050,885
+1,332,033
| +185% | +$109M |
|
61
PUT
VanEck Gold Miners ETF
GDX
$31.7B
| $163M | 0.22% |
+7,405,900
| New | +$167M |
|
62
DTE Energy
DTE
$28.1B
| $162M | 0.22% |
1,819,629
+1,233,917
| +211% | +$108M |
|
63
Delta Air Lines
DAL
$54.6B
| $161M | 0.21% |
2,934,904
+1,744,774
| +147% | +$96.2M |
|
64
DXC Technology
DXC
$1.73B
| $161M | 0.21% |
1,847,586
+215,862
| +13% | +$18.9M |
|
65
Salesforce
CRM
$172B
| $160M | 0.21% |
1,376,579
-428,673
| -24% | -$49.2M |
|
66
Adobe
ADBE
$110B
| $159M | 0.21% |
737,102
-702,008
| -49% | -$143M |
|
67
PepsiCo
PEP
$198B
| $158M | 0.21% |
1,447,539
+1,244,243
| +612% | +$142M |
|
68
NRG Energy
NRG
$23.4B
| $156M | 0.21% |
5,115,434
-644,425
| -11% | -$17.9M |
|
69
Tenaris
TS
$26.5B
| $152M | 0.2% |
4,392,857
+2,628,095
| +149% | +$90.3M |
|
70
Colgate-Palmolive
CL
$73.2B
| $152M | 0.2% |
2,117,840
-1,392,316
| -40% | -$100M |
|
71
Baxter International
BAX
$13.5B
| $151M | 0.2% |
2,321,343
+2,213,481
| +2,052% | +$150M |
|
72
M&T Bank
MTB
$35B
| $150M | 0.2% |
813,680
-212,142
| -21% | -$39.5M |
|
73
Occidental Petroleum
OXY
$59.6B
| $149M | 0.2% |
2,298,633
+309,602
| +16% | +$21.7M |
|
74
Capital One
COF
$134B
| $149M | 0.2% |
1,551,965
+947,638
| +157% | +$94.3M |
|
|
GXP
75
DELISTED
Great Plains Energy Incorporated
GXP
| $149M | 0.2% |
4,675,262
+2,644,203
| +130% | +$80.5M |
|
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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.