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 | |
|---|---|---|---|---|---|---|
|
HI
751
DELISTED
Hillenbrand
HI
| $25.5M | 0.03% |
554,511
-343,207
| -38% | -$15.5M |
|
752
Brown & Brown
BRO
$25B
| $25.4M | 0.03% |
999,962
-1,099,338
| -52% | -$28.7M |
|
|
IVC
753
DELISTED
Invacare Corporation
IVC
| $25.3M | 0.03% |
1,455,746
+1,107,858
| +318% | +$19.5M |
|
754
CALL
Bristol-Myers Squibb
BMY
$137B
| $25.3M | 0.03% |
400,000
+225,000
| +129% | +$14.5M |
|
755
Ares Management
ARES
$31.6B
| $25.3M | 0.03% |
+1,180,696
| New | +$26.8M |
|
756
Everest Group
EG
$14.4B
| $25.2M | 0.03% |
98,107
-35,479
| -27% | -$8.52M |
|
757
EastGroup Properties
EGP
$10.9B
| $25.1M | 0.03% |
304,143
+292,819
| +2,586% | +$24.4M |
|
758
Keysight
KEYS
$52.9B
| $25.1M | 0.03% |
479,618
+249,769
| +109% | +$11.9M |
|
759
Enviri
NVRI
$595M
| $25.1M | 0.03% |
1,215,854
+281,380
| +30% | +$5.4M |
|
760
Hanover Insurance
THG
$7.92B
| $25.1M | 0.03% |
212,532
+199,901
| +1,583% | +$22.5M |
|
761
Marvell Technology
MRVL
$206B
| $25M | 0.03% |
1,191,169
+644,645
| +118% | +$14.8M |
|
|
ZGNX
762
DELISTED
Zogenix, Inc.
ZGNX
| $25M | 0.03% |
623,898
+78,145
| +14% | +$3.1M |
|
|
NAV
763
DELISTED
Navistar International
NAV
| $25M | 0.03% |
714,318
-272,313
| -28% | -$11M |
|
764
Entegris
ENTG
$21.1B
| $25M | 0.03% |
717,791
-406,762
| -36% | -$13.8M |
|
|
AAN.A
765
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $25M | 0.03% |
535,833
+105,214
| +24% | +$4.9M |
|
766
BP
BP
$113B
| $25M | 0.03% |
662,659
+42,793
| +7% | +$1.61M |
|
767
Westlake Corp
WLK
$9.78B
| $24.9M | 0.03% |
224,447
-503,231
| -69% | -$56M |
|
768
PTC
PTC
$16.7B
| $24.9M | 0.03% |
318,926
+56,644
| +22% | +$4.13M |
|
769
Banco Macro
BMA
$4.9B
| $24.7M | 0.03% |
229,214
+71,941
| +46% | +$7.81M |
|
770
CoStar Group
CSGP
$13.3B
| $24.7M | 0.03% |
681,760
+192,840
| +39% | +$6.65M |
|
771
Honda
HMC
$42.3B
| $24.7M | 0.03% |
710,196
+686,785
| +2,934% | +$24.2M |
|
|
ENDP
772
DELISTED
Endo International plc
ENDP
| $24.7M | 0.03% |
4,150,211
-280,776
| -6% | -$1.96M |
|
773
EQT Corp
EQT
$33.6B
| $24.6M | 0.03% |
952,521
+203,973
| +27% | +$5.85M |
|
|
GBNK
774
DELISTED
Guaranty Bancorp
GBNK
| $24.6M | 0.03% |
867,857
-40,486
| -4% | -$1.15M |
|
775
Banner Corp
BANR
$2.41B
| $24.6M | 0.03% |
442,429
-20,084
| -4% | -$1.12M |
|
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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.