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 | |
|---|---|---|---|---|---|---|
76
Pinnacle West Capital
PNW
$11.8B
| $149M | 0.2% |
1,861,287
-727,537
| -28% | -$57.1M |
|
|
77
Visa
V
$693B
| $148M | 0.2% |
1,238,464
-1,858,753
| -60% | -$225M |
|
78
KeyCorp
KEY
$23.3B
| $146M | 0.2% |
7,484,951
+4,317,598
| +136% | +$90.5M |
|
79
Bunge Global
BG
$21.7B
| $146M | 0.19% |
1,970,069
+1,285,219
| +188% | +$97.1M |
|
80
Lowe's Companies
LOW
$121B
| $144M | 0.19% |
1,641,549
-256,160
| -13% | -$24.2M |
|
81
American Electric Power
AEP
$65.8B
| $144M | 0.19% |
2,098,867
+206,291
| +11% | +$13.9M |
|
|
PF
82
DELISTED
Pinnacle Foods, Inc.
PF
| $144M | 0.19% |
2,658,300
+528,230
| +25% | +$30.5M |
|
83
HP
HPQ
$27.2B
| $144M | 0.19% |
6,546,861
+305,803
| +5% | +$6.91M |
|
84
Philip Morris
PM
$293B
| $143M | 0.19% |
1,443,137
+938,933
| +186% | +$97.8M |
|
85
Deere & Co
DE
$175B
| $143M | 0.19% |
919,893
-20,751
| -2% | -$3.37M |
|
86
Western Alliance Bancorporation
WAL
$8.69B
| $143M | 0.19% |
2,454,773
-412,237
| -14% | -$24.4M |
|
|
87
Marathon Petroleum
MPC
$101B
| $142M | 0.19% |
1,944,872
-3,264,339
| -63% | -$225M |
|
88
Dominion Energy
D
$58.6B
| $142M | 0.19% |
2,107,034
+660,284
| +46% | +$48.8M |
|
|
IBKC
89
DELISTED
IBERIABANK Corp
IBKC
| $142M | 0.19% |
1,818,330
-163,784
| -8% | -$13.4M |
|
|
PPL
90
PPL Corp
PPL
$25.9B
| $141M | 0.19% |
4,989,319
+2,970,302
| +147% | +$88.5M |
|
|
EA
91
DELISTED
Electronic Arts
EA
| $140M | 0.19% |
1,158,425
+814,796
| +237% | +$98.8M |
|
|
X
92
CALL
DELISTED
US Steel
X
| $140M | 0.19% |
+3,980,000
| New | +$157M |
|
93
Freeport-McMoran
FCX
$110B
| $140M | 0.19% |
7,969,346
+5,222,842
| +190% | +$98M |
|
94
Crown Castle
CCI
$32.1B
| $140M | 0.19% |
1,274,167
+7,879
| +0.6% | +$855K |
|
95
ICU Medical
ICUI
$4.57B
| $139M | 0.18% |
548,769
+32,076
| +6% | +$7.54M |
|
|
96
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $138M | 0.18% |
523,800
-206,200
| -28% | -$56.3M |
|
97
Wynn Resorts
WYNN
$10.3B
| $138M | 0.18% |
755,779
+316,142
| +72% | +$54.6M |
|
98
Hancock Whitney
HWC
$6.05B
| $138M | 0.18% |
2,662,139
-131,046
| -5% | -$7M |
|
99
US Foods
USFD
$23.7B
| $137M | 0.18% |
4,180,982
-2,282,876
| -35% | -$74.6M |
|
|
WPX
100
DELISTED
WPX Energy, Inc.
WPX
| $137M | 0.18% |
9,237,333
-5,630,399
| -38% | -$81.2M |
|
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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.