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 | |
|---|---|---|---|---|---|---|
826
VICI Properties
VICI
$29.5B
| $21.7M | 0.03% |
+1,186,609
| New | +$23.2M |
|
|
HMSY
827
DELISTED
HMS Holdings Corp.
HMSY
| $21.7M | 0.03% |
1,289,484
+948,541
| +278% | +$15.9M |
|
828
Adeia
ADEA
$2.9B
| $21.6M | 0.03% |
3,860,994
+1,984,353
| +106% | +$11.8M |
|
829
MDU Resources
MDU
$4.2B
| $21.6M | 0.03% |
2,015,896
+260,072
| +15% | +$2.64M |
|
|
PDCO
830
DELISTED
Patterson Companies, Inc.
PDCO
| $21.6M | 0.03% |
970,342
+146,826
| +18% | +$4.57M |
|
831
FMC
FMC
$1.41B
| $21.5M | 0.03% |
324,233
+108,968
| +51% | +$8.12M |
|
832
3M
MMM
$92.3B
| $21.5M | 0.03% |
117,297
-41,508
| -26% | -$8.22M |
|
833
Schneider National
SNDR
$6.11B
| $21.5M | 0.03% |
+825,661
| New | +$22.7M |
|
834
LPL Financial
LPLA
$28.7B
| $21.5M | 0.03% |
352,007
+313,822
| +822% | +$19.5M |
|
|
NTRI
835
DELISTED
NutriSystem, Inc.
NTRI
| $21.4M | 0.03% |
795,703
+280,084
| +54% | +$11.1M |
|
836
Evertec
EVTC
$1.77B
| $21.4M | 0.03% |
1,306,064
+235,335
| +22% | +$3.7M |
|
837
Mohawk Industries
MHK
$9.08B
| $21.3M | 0.03% |
91,529
+46,476
| +103% | +$12M |
|
|
AUY
838
DELISTED
Yamana Gold, Inc.
AUY
| $21.2M | 0.03% |
+7,669,297
| New | +$23.7M |
|
839
DigitalBridge
DBRG
$2.95B
| $21.1M | 0.03% |
940,734
+101,838
| +12% | +$3.32M |
|
840
CALL
Tronox
TROX
$861M
| $21.1M | 0.03% |
1,145,800
+895,800
| +358% | +$17.8M |
|
841
Thor Industries
THO
$4.13B
| $21.1M | 0.03% |
183,226
-242,402
| -57% | -$32.4M |
|
|
MB
842
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $21.1M | 0.03% |
542,005
-186,565
| -26% | -$6.66M |
|
843
L3Harris
LHX
$48.9B
| $21.1M | 0.03% |
130,658
-217,995
| -63% | -$33.3M |
|
|
AERI
844
DELISTED
Aerie Pharmaceuticals
AERI
| $21.1M | 0.03% |
388,391
+13,736
| +4% | +$768K |
|
|
GAP
845
The Gap Inc
GAP
$7.33B
| $21M | 0.03% |
674,302
+442,033
| +190% | +$14.5M |
|
846
Viavi Solutions
VIAV
$9.12B
| $21M | 0.03% |
2,163,342
+1,965,080
| +991% | +$18.7M |
|
847
Burlington
BURL
$20.8B
| $21M | 0.03% |
157,725
-388,986
| -71% | -$48.1M |
|
848
Terreno Realty
TRNO
$7.51B
| $21M | 0.03% |
608,010
-681,269
| -53% | -$23.4M |
|
849
California Water Service
CWT
$3.14B
| $21M | 0.03% |
563,256
+275,788
| +96% | +$11M |
|
850
Travere Therapeutics
TVTX
$6.15B
| $21M | 0.03% |
937,140
+378,880
| +68% | +$9.02M |
|
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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.