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 | |
|---|---|---|---|---|---|---|
1226
Morgan Stanley
MS
$338B
| $11.9M | 0.02% |
219,738
-314,092
| -59% | -$17.4M |
|
1227
Rapid7
RPD
$814M
| $11.8M | 0.02% |
462,166
-48,963
| -10% | -$1.18M |
|
1228
Designer Brands
DBI
$286M
| $11.8M | 0.02% |
525,673
-153,369
| -23% | -$3.15M |
|
|
SUPV
1229
Grupo Supervielle
SUPV
$741M
| $11.8M | 0.02% |
388,876
+291,872
| +301% | +$8.95M |
|
|
LL
1230
DELISTED
LL Flooring Holdings, Inc.
LL
| $11.8M | 0.02% |
491,280
+379,061
| +338% | +$10M |
|
1231
Weibo
WB
$1.73B
| $11.7M | 0.02% |
98,285
-14,753
| -13% | -$1.88M |
|
|
DESP
1232
DELISTED
Despegar.com
DESP
| $11.7M | 0.02% |
375,457
+145,720
| +63% | +$4.35M |
|
|
MRTX
1233
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $11.7M | 0.02% |
+381,924
| New | +$10.6M |
|
1234
CALL
Baxter International
BAX
$13.5B
| $11.7M | 0.02% |
+180,000
| New | +$12.2M |
|
1235
CALL
Kraft Heinz
KHC
$30B
| $11.7M | 0.02% |
187,500
+102,500
| +121% | +$7.34M |
|
1236
Rockwell Automation
ROK
$47.9B
| $11.7M | 0.02% |
67,021
-189,773
| -74% | -$36M |
|
1237
Banc of California
BANC
$2.95B
| $11.6M | 0.02% |
603,577
+493,450
| +448% | +$10M |
|
1238
Greif
GEF
$4.86B
| $11.6M | 0.02% |
222,924
-380,337
| -63% | -$21.5M |
|
1239
Azenta
AZTA
$1.47B
| $11.6M | 0.02% |
430,104
-272,174
| -39% | -$7.41M |
|
1240
Generac Holdings
GNRC
$12.1B
| $11.6M | 0.02% |
253,498
-210,922
| -45% | -$10M |
|
1241
Sally Beauty Holdings
SBH
$1.54B
| $11.6M | 0.02% |
706,669
+623,519
| +750% | +$10.7M |
|
|
KAMN
1242
DELISTED
Kaman Corp
KAMN
| $11.6M | 0.02% |
187,096
+175,145
| +1,466% | +$10.7M |
|
1243
Watts Water Technologies
WTS
$12.5B
| $11.6M | 0.02% |
149,562
-104,576
| -41% | -$8.14M |
|
1244
Voyager Therapeutics
VYGR
$217M
| $11.6M | 0.02% |
618,021
+342,148
| +124% | +$7.39M |
|
1245
Rambus
RMBS
$9.68B
| $11.6M | 0.02% |
863,777
-921,861
| -52% | -$12.3M |
|
|
CERN
1246
PUT
DELISTED
Cerner Corp
CERN
| $11.6M | 0.02% |
200,000
| – | – |
|
1247
Upland Software
UPLD
$14.4M
| $11.6M | 0.02% |
40,248
-6,839
| -15% | -$1.69M |
|
1248
Sterling Infrastructure
STRL
$15.3B
| $11.5M | 0.02% |
1,007,664
+136,147
| +16% | +$1.8M |
|
|
VMW
1249
CALL
DELISTED
VMware, Inc
VMW
| $11.5M | 0.02% |
+95,200
| New | +$12M |
|
1250
Avis
CAR
$5.16B
| $11.5M | 0.02% |
245,838
+222,504
| +954% | +$10M |
|
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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.