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 | |
|---|---|---|---|---|---|---|
|
MNR
851
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $20.9M | 0.03% |
1,391,470
+987,397
| +244% | +$15.5M |
|
|
XCRA
852
DELISTED
Xcerra Corporation
XCRA
| $20.9M | 0.03% |
1,795,013
+1,764,611
| +5,804% | +$18.2M |
|
853
Integer Holdings
ITGR
$4.25B
| $20.9M | 0.03% |
369,464
+212,916
| +136% | +$10.7M |
|
854
Apple Hospitality REIT
APLE
$3.92B
| $20.9M | 0.03% |
1,189,060
-502,948
| -30% | -$9.21M |
|
|
ALE
855
DELISTED
Allete
ALE
| $20.8M | 0.03% |
288,491
-256,658
| -47% | -$18.1M |
|
|
AD
856
Array Digital Infrastructure
AD
$3.08B
| $20.8M | 0.03% |
518,513
+143,103
| +38% | +$5.31M |
|
857
Liberty Media Series C
FWONK
$26.7B
| $20.8M | 0.03% |
697,218
+303,869
| +77% | +$10.1M |
|
|
LSXMA
858
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $20.8M | 0.03% |
700,095
+663,144
| +1,795% | +$20.1M |
|
859
Curtiss-Wright
CW
$22.7B
| $20.8M | 0.03% |
153,875
-136,836
| -47% | -$17.9M |
|
860
Central Pacific Financial
CPF
$972M
| $20.7M | 0.03% |
726,216
+58,962
| +9% | +$1.73M |
|
|
MIC
861
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $20.6M | 0.03% |
558,023
+514,125
| +1,171% | +$27.7M |
|
862
Exelixis
EXEL
$13.5B
| $20.6M | 0.03% |
928,870
-230,918
| -20% | -$6.38M |
|
863
Horace Mann Educators
HMN
$2.07B
| $20.5M | 0.03% |
480,629
-127,264
| -21% | -$5.42M |
|
|
UNVR
864
DELISTED
Univar Solutions Inc.
UNVR
| $20.5M | 0.03% |
740,166
+25,133
| +4% | +$739K |
|
865
CALL
Biogen
BIIB
$32.2B
| $20.5M | 0.03% |
75,000
+45,000
| +150% | +$14M |
|
866
Darling Ingredients
DAR
$9.83B
| $20.5M | 0.03% |
1,184,892
-693,850
| -37% | -$12.6M |
|
867
Ally Financial
ALLY
$12.9B
| $20.4M | 0.03% |
750,467
-479,234
| -39% | -$13.7M |
|
868
CALL
Delek US
DK
$4.17B
| $20.4M | 0.03% |
+500,000
| New | +$18M |
|
|
PSB
869
DELISTED
PS Business Parks, Inc.
PSB
| $20.3M | 0.03% |
179,992
+152,058
| +544% | +$17.5M |
|
|
INN
870
Summit Hotel Properties
INN
$662M
| $20.2M | 0.03% |
1,483,710
-1,145,093
| -44% | -$16.4M |
|
871
PUT
Wolfspeed
WOLF
$1.29B
| $20.2M | 0.03% |
+500,000
| New | +$18.8M |
|
|
GHDX
872
DELISTED
Genomic Health, Inc.
GHDX
| $20.1M | 0.03% |
643,737
-55,186
| -8% | -$1.83M |
|
873
Flex
FLEX
$39.4B
| $20M | 0.03% |
+1,628,781
| New | +$22.2M |
|
|
TWX
874
CALL
DELISTED
Time Warner Inc
TWX
| $20M | 0.03% |
211,700
+90,700
| +75% | +$8.55M |
|
875
Ciena
CIEN
$52.7B
| $20M | 0.03% |
772,088
-1,705,869
| -69% | -$40.1M |
|
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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.