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 | |
|---|---|---|---|---|---|---|
|
RESI
1376
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $9.41M | 0.01% |
936,846
+824,307
| +732% | +$8.78M |
|
1377
Rogers Communications
RCI
$19.6B
| $9.34M | 0.01% |
208,988
-292,477
| -58% | -$13.7M |
|
|
AL
1378
DELISTED
Air Lease Corp
AL
| $9.33M | 0.01% |
+218,832
| New | +$10M |
|
1379
American States Water
AWR
$3.58B
| $9.3M | 0.01% |
175,330
-197,171
| -53% | -$10.7M |
|
|
CNH
1380
PUT
CNH Industrial
CNH
$18.6B
| $9.3M | 0.01% |
+861,750
| New | +$10.4M |
|
1381
NBT Bancorp
NBTB
$2.68B
| $9.29M | 0.01% |
261,943
+67,485
| +35% | +$2.47M |
|
1382
Tactile Systems Technology
TCMD
$530M
| $9.29M | 0.01% |
292,187
-308,838
| -51% | -$9.55M |
|
1383
Covenant Logistics
CVLG
$877M
| $9.28M | 0.01% |
621,906
-20,284
| -3% | -$284K |
|
1384
WillScot Mobile Mini Holdings
WSC
$3.95B
| $9.26M | 0.01% |
+678,579
| New | +$8.6M |
|
1385
PUT
CNX Resources
CNX
$5.31B
| $9.26M | 0.01% |
600,000
+150,000
| +33% | +$2.24M |
|
|
USAK
1386
DELISTED
USA Truck Inc
USAK
| $9.22M | 0.01% |
361,575
+240,008
| +197% | +$5.67M |
|
1387
Metallus
MTUS
$787M
| $9.21M | 0.01% |
606,439
+339,168
| +127% | +$5.69M |
|
|
COBZ
1388
DELISTED
CoBiz Financial,Inc
COBZ
| $9.2M | 0.01% |
469,415
-51,291
| -10% | -$1.03M |
|
1389
Consolidated Edison
ED
$39.7B
| $9.19M | 0.01% |
117,877
+110,000
| +1,396% | +$8.55M |
|
|
THS
1390
DELISTED
Treehouse Foods
THS
| $9.18M | 0.01% |
239,980
+136,116
| +131% | +$5.92M |
|
1391
CALL
MetLife
MET
$60.4B
| $9.18M | 0.01% |
+200,000
| New | +$9.7M |
|
1392
CALL
iShares MSCI Emerging Markets ETF
EEM
$31.1B
| $9.17M | 0.01% |
190,000
+150,000
| +375% | +$7.35M |
|
|
SPN
1393
DELISTED
Superior Energy Services, Inc.
SPN
| $9.17M | 0.01% |
108,758
-428,593
| -80% | -$42.2M |
|
|
AKS
1394
DELISTED
AK Steel Holding Corp
AKS
| $9.14M | 0.01% |
2,017,376
-1,345,007
| -40% | -$7.39M |
|
|
RAD
1395
DELISTED
Rite Aid Corporation
RAD
| $9.13M | 0.01% |
271,871
+263,930
| +3,324% | +$10.4M |
|
1396
CALL
Wynn Resorts
WYNN
$10.1B
| $9.12M | 0.01% |
+50,000
| New | +$8.64M |
|
|
BHR
1397
Braemar Hotels & Resorts
BHR
$139M
| $9.1M | 0.01% |
945,377
+933,087
| +7,592% | +$8.71M |
|
1398
Otter Tail
OTTR
$3.85B
| $9.08M | 0.01% |
209,369
-81,096
| -28% | -$3.39M |
|
1399
Merit Medical Systems
MMSI
$5.41B
| $9.07M | 0.01% |
200,085
-688,645
| -77% | -$31.2M |
|
|
ARNA
1400
CALL
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $9.02M | 0.01% |
+228,300
| New | +$8.88M |
|
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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.