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 | |
|---|---|---|---|---|---|---|
|
NATI
1026
DELISTED
National Instruments Corp
NATI
| $15.7M | 0.02% |
310,298
+242,499
| +358% | +$11.8M |
|
1027
Diamondrock Hospitality Co
DRH
$2.61B
| $15.7M | 0.02% |
1,502,192
-5,099,459
| -77% | -$56.3M |
|
|
CERN
1028
DELISTED
Cerner Corp
CERN
| $15.7M | 0.02% |
270,354
+248,114
| +1,116% | +$16.1M |
|
1029
Marcus & Millichap
MMI
$1.23B
| $15.7M | 0.02% |
434,493
+86,631
| +25% | +$2.83M |
|
1030
Braskem
BAK
$733M
| $15.6M | 0.02% |
538,986
-312,581
| -37% | -$9.1M |
|
|
MNK
1031
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $15.6M | 0.02% |
1,078,581
+877,699
| +437% | +$15.8M |
|
1032
Wintrust Financial
WTFC
$10.3B
| $15.6M | 0.02% |
181,025
-85,275
| -32% | -$7.34M |
|
1033
Interface
TILE
$2.21B
| $15.6M | 0.02% |
617,687
-342,951
| -36% | -$8.51M |
|
1034
Twilio
TWLO
$34.2B
| $15.5M | 0.02% |
406,349
+10,471
| +3% | +$332K |
|
|
FLXN
1035
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $15.5M | 0.02% |
+692,154
| New | +$16.9M |
|
|
FNGN
1036
DELISTED
Financial Engines, Inc.
FNGN
| $15.5M | 0.02% |
442,652
+226,857
| +105% | +$7.12M |
|
|
WUBA
1037
DELISTED
58.com Inc
WUBA
| $15.5M | 0.02% |
193,843
-83,325
| -30% | -$6.58M |
|
1038
Brookdale Senior Living
BKD
$2.89B
| $15.5M | 0.02% |
2,306,486
+1,301,384
| +129% | +$11M |
|
1039
Rexford Industrial Realty
REXR
$8.4B
| $15.4M | 0.02% |
535,674
-394,559
| -42% | -$11.2M |
|
1040
Cable One
CABO
$130M
| $15.4M | 0.02% |
22,419
+21,886
| +4,106% | +$15.3M |
|
1041
Suncor Energy
SU
$78.8B
| $15.4M | 0.02% |
445,244
-323,657
| -42% | -$11.3M |
|
1042
Toro Company
TTC
$9.47B
| $15.4M | 0.02% |
245,872
-259,170
| -51% | -$16.5M |
|
1043
NETGEAR
NTGR
$563M
| $15.3M | 0.02% |
268,105
+231,070
| +624% | +$14.2M |
|
1044
United Parcel Service
UPS
$87.4B
| $15.3M | 0.02% |
146,434
-351,926
| -71% | -$40.7M |
|
1045
CALL
Whirlpool
WHR
$2.62B
| $15.3M | 0.02% |
+100,000
| New | +$16.7M |
|
1046
Ultragenyx Pharmaceutical
RARE
$2.54B
| $15.3M | 0.02% |
300,260
+176,425
| +142% | +$8.88M |
|
|
JWN
1047
DELISTED
Nordstrom
JWN
| $15.3M | 0.02% |
316,115
-956,570
| -75% | -$47.6M |
|
1048
NETSCOUT
NTCT
$2.75B
| $15.3M | 0.02% |
580,175
+546,712
| +1,634% | +$14.9M |
|
1049
Prestige Consumer Healthcare
PBH
$2.46B
| $15.3M | 0.02% |
452,279
-93,954
| -17% | -$3.6M |
|
1050
Alaska Air
ALK
$4.64B
| $15.2M | 0.02% |
245,935
-344,314
| -58% | -$22.8M |
|
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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.