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 | |
|---|---|---|---|---|---|---|
1101
Urban Edge Properties
UE
$2.73B
| $14.4M | 0.02% |
673,458
-393,002
| -37% | -$8.81M |
|
1102
Hilltop Holdings
HTH
$2.22B
| $14.4M | 0.02% |
612,218
-231,561
| -27% | -$5.87M |
|
1103
Banco Bilbao Vizcaya Argentaria
BBVA
$161B
| $14.4M | 0.02% |
1,817,372
+1,787,421
| +5,968% | +$15.4M |
|
|
WDR
1104
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $14.3M | 0.02% |
709,347
+631,665
| +813% | +$13.3M |
|
1105
iShares MSCI South Korea ETF
EWY
$27B
| $14.3M | 0.02% |
+189,450
| New | +$14.2M |
|
1106
Green Dot
GDOT
$765M
| $14.3M | 0.02% |
222,415
-71,994
| -24% | -$4.54M |
|
1107
Atmos Energy
ATO
$28.4B
| $14.3M | 0.02% |
169,355
-244,990
| -59% | -$19.9M |
|
|
FLOW
1108
DELISTED
SPX FLOW, Inc.
FLOW
| $14.2M | 0.02% |
288,585
+275,489
| +2,104% | +$13.4M |
|
1109
Rigel Pharmaceuticals
RIGL
$843M
| $14.2M | 0.02% |
400,867
-156,566
| -28% | -$6.27M |
|
1110
Compañía de Cervecerías Unidas
CCU
$2.34B
| $14.2M | 0.02% |
481,626
+280,488
| +139% | +$8.08M |
|
1111
Wolverine World Wide
WWW
$1.71B
| $14.2M | 0.02% |
489,989
+456,653
| +1,370% | +$14.1M |
|
|
TRUE
1112
DELISTED
TrueCar
TRUE
| $14.1M | 0.02% |
1,495,661
+505,158
| +51% | +$5.62M |
|
1113
Invesco DB Agriculture Fund
DBA
$1.22B
| $14.1M | 0.02% |
750,000
+700,400
| +1,412% | +$13.3M |
|
|
PTR
1114
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $14.1M | 0.02% |
202,234
+62,050
| +44% | +$4.48M |
|
1115
Axcelis
ACLS
$3.81B
| $14M | 0.02% |
571,105
+91,666
| +19% | +$2.41M |
|
|
VSM
1116
DELISTED
Versum Materials, Inc.
VSM
| $14M | 0.02% |
372,878
+7,458
| +2% | +$284K |
|
|
HTO
1117
H2O America
HTO
$2.7B
| $14M | 0.02% |
266,055
+12,749
| +5% | +$716K |
|
|
EPAY
1118
DELISTED
Bottomline Technologies Inc
EPAY
| $14M | 0.02% |
361,553
-533,394
| -60% | -$19.9M |
|
1119
Sunstone Hotel Investors
SHO
$2.1B
| $14M | 0.02% |
917,641
+723,690
| +373% | +$11.4M |
|
1120
Synaptics
SYNA
$3.66B
| $14M | 0.02% |
305,086
+138,302
| +83% | +$6.28M |
|
|
PRFT
1121
DELISTED
Perficient Inc
PRFT
| $13.9M | 0.02% |
607,772
+344,959
| +131% | +$7.15M |
|
|
USG
1122
DELISTED
Usg
USG
| $13.9M | 0.02% |
344,322
+174,452
| +103% | +$6.33M |
|
1123
Puma Biotechnology
PBYI
$471M
| $13.8M | 0.02% |
203,450
-59,754
| -23% | -$4.47M |
|
1124
Primoris Services
PRIM
$4.04B
| $13.8M | 0.02% |
553,853
-280,302
| -34% | -$7.19M |
|
|
TPC
1125
Tutor Perini Cor
TPC
$4.64B
| $13.8M | 0.02% |
627,230
+597,898
| +2,038% | +$14.2M |
|
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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.