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 | |
|---|---|---|---|---|---|---|
1076
Trex
TREX
$4.82B
| $14.8M | 0.02% |
543,476
+476,460
| +711% | +$13.1M |
|
1077
CALL
Caterpillar
CAT
$373B
| $14.7M | 0.02% |
+100,000
| New | +$15.8M |
|
1078
NiSource
NI
$19.6B
| $14.7M | 0.02% |
615,447
-2,976,286
| -83% | -$70.5M |
|
|
FTSI
1079
DELISTED
FTS International, Inc. Common Stock
FTSI
| $14.7M | 0.02% |
+39,903
| New | +$15.5M |
|
|
AMRN
1080
Amarin Corp
AMRN
$292M
| $14.7M | 0.02% |
243,758
+84,007
| +53% | +$6.24M |
|
1081
Cal-Maine
CALM
$3.95B
| $14.7M | 0.02% |
335,694
+166,574
| +98% | +$7.22M |
|
1082
Genpact
G
$6.32B
| $14.7M | 0.02% |
458,049
-89,628
| -16% | -$2.91M |
|
1083
First Busey Corp
BUSE
$2.5B
| $14.6M | 0.02% |
492,388
+226,143
| +85% | +$6.96M |
|
1084
CAE Inc
CAE
$7.96B
| $14.6M | 0.02% |
786,894
-102,432
| -12% | -$1.88M |
|
1085
Arcos Dorados Holdings
ARCO
$1.7B
| $14.6M | 0.02% |
1,640,278
+51,270
| +3% | +$481K |
|
|
FRC
1086
DELISTED
First Republic Bank
FRC
| $14.6M | 0.02% |
157,409
-724,128
| -82% | -$66.8M |
|
1087
Hudbay
HBM
$13.1B
| $14.6M | 0.02% |
2,052,208
+780,379
| +61% | +$6.52M |
|
1088
ITT
ITT
$18.3B
| $14.6M | 0.02% |
297,452
-3,315
| -1% | -$175K |
|
|
JOBS
1089
DELISTED
51job Inc
JOBS
| $14.6M | 0.02% |
169,236
-66,593
| -28% | -$4.81M |
|
|
SOHU
1090
Sohu.com
SOHU
$379M
| $14.5M | 0.02% |
469,972
-368,528
| -44% | -$14.1M |
|
1091
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $14.5M | 0.02% |
184,956
-30,616
| -14% | -$2.41M |
|
1092
Silgan Holdings
SLGN
$4.49B
| $14.5M | 0.02% |
520,891
-780,605
| -60% | -$22.4M |
|
1093
Heritage Financial
HFWA
$1.19B
| $14.5M | 0.02% |
473,735
+290,477
| +159% | +$8.96M |
|
|
ICPT
1094
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $14.5M | 0.02% |
235,180
+147,719
| +169% | +$8.9M |
|
|
STMP
1095
DELISTED
Stamps.com, Inc.
STMP
| $14.4M | 0.02% |
71,798
+67,000
| +1,396% | +$13.1M |
|
1096
FIVE9
FIVN
$2.45B
| $14.4M | 0.02% |
484,393
-161,446
| -25% | -$4.42M |
|
1097
POSCO
PKX
$17.7B
| $14.4M | 0.02% |
+182,976
| New | +$15.4M |
|
1098
Copart
CPRT
$30.8B
| $14.4M | 0.02% |
1,131,908
+466,476
| +70% | +$5.4M |
|
1099
Robert Half
RHI
$4.62B
| $14.4M | 0.02% |
248,941
+235,157
| +1,706% | +$13.4M |
|
1100
FS KKR Capital
FSK
$3.33B
| $14.4M | 0.02% |
496,370
-293,248
| -37% | -$8.73M |
|
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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.