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 | |
|---|---|---|---|---|---|---|
|
EVHC
1351
CALL
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $9.61M | 0.01% |
250,000
+50,000
| +25% | +$1.87M |
|
|
VIAB
1352
DELISTED
Viacom Inc. Class B
VIAB
| $9.6M | 0.01% |
309,035
-482,989
| -61% | -$15.6M |
|
|
ALOG
1353
PUT
DELISTED
Analogic Corp
ALOG
| $9.59M | 0.01% |
+100,000
| New | +$8.66M |
|
|
ZEN
1354
CALL
DELISTED
ZENDESK INC
ZEN
| $9.57M | 0.01% |
+200,000
| New | +$8.29M |
|
|
AMAG
1355
DELISTED
AMAG Pharmaceuticals
AMAG
| $9.57M | 0.01% |
474,796
-167,302
| -26% | -$2.83M |
|
1356
La-Z-Boy
LZB
$1.28B
| $9.54M | 0.01% |
318,632
+241,781
| +315% | +$7.42M |
|
1357
Cerus
CERS
$550M
| $9.54M | 0.01% |
1,740,398
+886,056
| +104% | +$4.03M |
|
|
ECHO
1358
DELISTED
Echo Global Logistics, Inc.
ECHO
| $9.53M | 0.01% |
345,097
+309,769
| +877% | +$8.7M |
|
|
DQ
1359
Daqo New Energy
DQ
$953M
| $9.49M | 0.01% |
969,390
+437,690
| +82% | +$4.74M |
|
|
AMTD
1360
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $9.48M | 0.01% |
160,000
+30,000
| +23% | +$1.7M |
|
1361
United Fire Group
UFCS
$1.38B
| $9.47M | 0.01% |
197,929
+179,775
| +990% | +$8.09M |
|
|
INST
1362
DELISTED
Instructure, Inc.
INST
| $9.46M | 0.01% |
224,426
-154,684
| -41% | -$6.1M |
|
1363
Atlanta Braves Holdings Series B
BATRK
$3.36B
| $9.46M | 0.01% |
414,393
-163,823
| -28% | -$3.8M |
|
1364
Vanguard Total Bond Market
BND
$162B
| $9.46M | 0.01% |
118,308
+4,293
| +4% | +$344K |
|
1365
CALL
Box
BOX
$4.61B
| $9.45M | 0.01% |
+460,000
| New | +$9.9M |
|
|
ENIA
1366
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $9.45M | 0.01% |
813,249
+32,162
| +4% | +$368K |
|
|
NUAN
1367
CALL
DELISTED
Nuance Communications, Inc.
NUAN
| $9.45M | 0.01% |
+693,000
| New | +$10.1M |
|
1368
Fortune Brands Innovations
FBIN
$5.43B
| $9.45M | 0.01% |
187,654
-911,744
| -83% | -$50.8M |
|
1369
Bank of N.T. Butterfield & Son
NTB
$2.31B
| $9.44M | 0.01% |
210,363
-781,553
| -79% | -$33.3M |
|
|
ECOL
1370
DELISTED
US Ecology, Inc.
ECOL
| $9.44M | 0.01% |
177,083
+165,588
| +1,441% | +$8.75M |
|
|
HSII
1371
DELISTED
Heidrick & Struggles
HSII
| $9.44M | 0.01% |
301,949
+81,528
| +37% | +$2.23M |
|
1372
Commault Systems
CVLT
$5.51B
| $9.43M | 0.01% |
164,835
-27,526
| -14% | -$1.48M |
|
1373
Target
TGT
$73.8B
| $9.43M | 0.01% |
135,772
+102,325
| +306% | +$7.45M |
|
1374
CALL
Tower Semiconductor
TSEM
$23.9B
| $9.42M | 0.01% |
350,000
-100,000
| -22% | -$3.18M |
|
|
MOBL
1375
DELISTED
MobileIron, Inc.
MOBL
| $9.42M | 0.01% |
1,902,438
+1,288,147
| +210% | +$5.86M |
|
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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.