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 | |
|---|---|---|---|---|---|---|
726
CALL
Pfizer
PFE
$159B
| $26.6M | 0.04% |
790,500
+579,700
| +275% | +$19.9M |
|
727
PUT
Tesla
TSLA
$1.38T
| $26.6M | 0.04% |
+1,500,000
| New | +$33M |
|
|
DOOR
728
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $26.5M | 0.04% |
432,508
+152,564
| +54% | +$10.3M |
|
|
MCHB
729
Mechanics Bancorp
MCHB
$3.58B
| $26.5M | 0.04% |
924,934
+15,825
| +2% | +$470K |
|
|
MTGE
730
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $26.5M | 0.04% |
1,480,325
-551,621
| -27% | -$9.75M |
|
|
BPFH
731
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $26.5M | 0.04% |
1,759,960
+26,989
| +2% | +$409K |
|
732
CALL
PACCAR
PCAR
$68.4B
| $26.5M | 0.04% |
+600,000
| New | +$28.4M |
|
|
AVXS
733
DELISTED
AveXis, Inc. Common Stock
AVXS
| $26.5M | 0.04% |
214,166
-161,413
| -43% | -$19.2M |
|
734
HEICO Corp Class A
HEI.A
$36.2B
| $26.5M | 0.04% |
466,014
-34,013
| -7% | -$1.84M |
|
735
Peabody Energy
BTU
$3.4B
| $26.3M | 0.04% |
721,526
-1,516,170
| -68% | -$60.3M |
|
736
Sabre
SABR
$908M
| $26.3M | 0.04% |
1,226,000
+543,792
| +80% | +$11.6M |
|
737
PBF Energy
PBF
$8.24B
| $26.3M | 0.04% |
775,399
-803,366
| -51% | -$25.9M |
|
|
TUP
738
DELISTED
Tupperware Brands Corporation
TUP
| $26.3M | 0.04% |
543,101
+383,891
| +241% | +$21M |
|
|
HBI
739
DELISTED
Hanesbrands
HBI
| $26.3M | 0.04% |
1,425,763
-1,419,487
| -50% | -$29.3M |
|
740
Reinsurance Group of America
RGA
$16B
| $26.2M | 0.03% |
169,984
-253,374
| -60% | -$39.8M |
|
|
AJRD
741
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $26.1M | 0.03% |
934,911
+401,411
| +75% | +$11.3M |
|
742
Sprouts Farmers Market
SFM
$8.03B
| $26.1M | 0.03% |
1,111,084
-328,336
| -23% | -$8.41M |
|
|
SAFM
743
DELISTED
Sanderson Farms Inc
SAFM
| $26M | 0.03% |
218,788
+198,352
| +971% | +$25.2M |
|
744
Sarepta Therapeutics
SRPT
$1.92B
| $26M | 0.03% |
350,819
-451,152
| -56% | -$30.1M |
|
|
CHK
745
DELISTED
Chesapeake Energy Corporation
CHK
| $26M | 0.03% |
+43,012
| New | +$28.8M |
|
746
Bright Horizons
BFAM
$3.6B
| $25.9M | 0.03% |
259,720
+200,138
| +336% | +$19.4M |
|
747
Boston Beer
SAM
$1.95B
| $25.9M | 0.03% |
136,981
+125,659
| +1,110% | +$23.1M |
|
|
TEN
748
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $25.7M | 0.03% |
468,781
+159,476
| +52% | +$9.09M |
|
749
BorgWarner
BWA
$13.1B
| $25.7M | 0.03% |
580,754
+427,170
| +278% | +$19.8M |
|
|
APTI
750
DELISTED
Apptio, Inc. Class A Common Stock
APTI
| $25.5M | 0.03% |
900,155
+186,464
| +26% | +$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.