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 | |
|---|---|---|---|---|---|---|
901
Navient
NAVI
$888M
| $19.3M | 0.03% |
1,470,097
-510,789
| -26% | -$6.95M |
|
902
Pediatrix Medical
MD
$2.16B
| $19.3M | 0.03% |
346,204
+220,191
| +175% | +$12.1M |
|
|
MODN
903
DELISTED
MODEL N, INC.
MODN
| $19.2M | 0.03% |
1,062,435
+358,797
| +51% | +$5.98M |
|
904
Archrock
AROC
$5.38B
| $19M | 0.03% |
2,176,905
+1,852,114
| +570% | +$17.7M |
|
905
CALL
AbbVie
ABBV
$467B
| $18.9M | 0.03% |
200,000
+50,000
| +33% | +$5.49M |
|
|
WRI
906
DELISTED
Weingarten Realty Investors
WRI
| $18.9M | 0.03% |
674,162
-294,327
| -30% | -$8.46M |
|
907
Xylem
XYL
$26.7B
| $18.9M | 0.03% |
245,609
+87,699
| +56% | +$6.48M |
|
908
Stepan Co
SCL
$1.41B
| $18.9M | 0.03% |
227,104
+29,619
| +15% | +$2.35M |
|
909
Eagle Bancorp
EGBN
$857M
| $18.8M | 0.03% |
314,281
-107,186
| -25% | -$6.64M |
|
910
United Therapeutics
UTHR
$22B
| $18.8M | 0.03% |
167,311
-79,423
| -32% | -$10.1M |
|
911
Rayonier
RYN
$6.31B
| $18.8M | 0.03% |
587,558
+541,970
| +1,189% | +$16.5M |
|
|
TGE
912
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $18.7M | 0.03% |
984,650
+367,235
| +59% | +$8.21M |
|
913
Cheesecake Factory
CAKE
$5.7B
| $18.7M | 0.03% |
388,105
-764,684
| -66% | -$36.7M |
|
|
OPLN
914
Openlane
OPLN
$4.16B
| $18.7M | 0.02% |
909,221
-2,767,875
| -75% | -$55.8M |
|
|
CSOD
915
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $18.6M | 0.02% |
476,693
-33,044
| -6% | -$1.34M |
|
|
CNR
916
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $18.6M | 0.02% |
1,052,274
-887,202
| -46% | -$15.7M |
|
917
IAMGOLD
IAG
$12.4B
| $18.6M | 0.02% |
3,575,449
+1,342,122
| +60% | +$7.5M |
|
|
RHT
918
DELISTED
Red Hat Inc
RHT
| $18.5M | 0.02% |
123,990
-69,618
| -36% | -$9.65M |
|
|
CAJ
919
DELISTED
Canon, Inc.
CAJ
| $18.5M | 0.02% |
508,394
+395,005
| +348% | +$14.9M |
|
920
UMB Financial
UMBF
$10.9B
| $18.5M | 0.02% |
255,340
+79,607
| +45% | +$5.96M |
|
921
CALL
VanEck Gold Miners ETF
GDX
$32.2B
| $18.5M | 0.02% |
+839,500
| New | +$18.9M |
|
922
Itaú Unibanco
ITUB
$82.9B
| $18.4M | 0.02% |
2,430,569
-3,977,882
| -62% | -$29.8M |
|
923
IQVIA
IQV
$42.8B
| $18.4M | 0.02% |
187,430
+18,088
| +11% | +$1.83M |
|
924
Baker Hughes
BKR
$61.5B
| $18.4M | 0.02% |
662,000
-1,090,421
| -62% | -$33.4M |
|
925
Invesco
IVZ
$14.3B
| $18.3M | 0.02% |
572,865
+416,666
| +267% | +$14.4M |
|
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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.