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 | |
|---|---|---|---|---|---|---|
876
Herc Holdings
HRI
$5.28B
| $20M | 0.03% |
307,647
-50,635
| -14% | -$3.3M |
|
877
Ameris Bancorp
ABCB
$5.77B
| $19.9M | 0.03% |
377,095
+322,858
| +595% | +$17.4M |
|
|
878
CALL
Boston Scientific
BSX
$71B
| $19.9M | 0.03% |
730,000
+630,000
| +630% | +$17.1M |
|
879
Terex
TEX
$7.53B
| $19.9M | 0.03% |
532,852
-18,760
| -3% | -$814K |
|
880
Forward Air
FWRD
$594M
| $19.9M | 0.03% |
376,168
+202,820
| +117% | +$11.6M |
|
|
TCO
881
DELISTED
Taubman Centers Inc.
TCO
| $19.9M | 0.03% |
349,047
+215,112
| +161% | +$12.9M |
|
882
Grand Canyon Education
LOPE
$3.85B
| $19.8M | 0.03% |
188,588
+22,212
| +13% | +$2.15M |
|
883
Kimco Realty
KIM
$16.2B
| $19.8M | 0.03% |
1,373,003
-1,910,222
| -58% | -$29.4M |
|
884
Murphy Oil
MUR
$5.16B
| $19.7M | 0.03% |
763,921
+270,598
| +55% | +$7.83M |
|
885
Cintas
CTAS
$83B
| $19.7M | 0.03% |
461,960
-965,380
| -68% | -$40.1M |
|
886
TSMC
TSM
$2.13T
| $19.7M | 0.03% |
+449,990
| New | +$19.6M |
|
887
PUT
Dover
DOV
$27.4B
| $19.6M | 0.03% |
+247,600
| New | +$20.3M |
|
|
HOUS
888
DELISTED
Anywhere Real Estate
HOUS
| $19.6M | 0.03% |
719,685
-497,422
| -41% | -$13.1M |
|
|
AIMC
889
DELISTED
Altra Industrial Motion Corp
AIMC
| $19.5M | 0.03% |
424,320
+238,655
| +129% | +$11.5M |
|
|
MBFI
890
DELISTED
MB Financial Corp
MBFI
| $19.5M | 0.03% |
481,445
+321,261
| +201% | +$13.9M |
|
891
Coca-Cola Femsa
KOF
$24.1B
| $19.5M | 0.03% |
293,030
+109,980
| +60% | +$7.84M |
|
|
ORBK
892
DELISTED
Orbotech Ltd
ORBK
| $19.4M | 0.03% |
312,747
-120,208
| -28% | -$6.6M |
|
893
Royal Bank of Canada
RY
$284B
| $19.4M | 0.03% |
251,464
-101,396
| -29% | -$8.23M |
|
|
CTT
894
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $19.4M | 0.03% |
1,555,844
+484,195
| +45% | +$6.25M |
|
|
ARRY
895
DELISTED
Array Biopharma Inc
ARRY
| $19.4M | 0.03% |
1,188,002
-1,625,315
| -58% | -$26M |
|
896
Costco
COST
$431B
| $19.4M | 0.03% |
102,806
-306,360
| -75% | -$57.8M |
|
897
Supernus Pharmaceuticals
SUPN
$2.62B
| $19.4M | 0.03% |
422,928
-108,469
| -20% | -$4.53M |
|
898
CALL
Range Resources
RRC
$9.64B
| $19.4M | 0.03% |
1,331,700
-540,900
| -29% | -$8.08M |
|
899
Modine Manufacturing
MOD
$10B
| $19.3M | 0.03% |
914,613
-152,722
| -14% | -$3.48M |
|
|
GOLD
900
DELISTED
Randgold Resources Ltd
GOLD
| $19.3M | 0.03% |
232,034
-17,515
| -7% | -$1.58M |
|
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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.