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 | |
|---|---|---|---|---|---|---|
1426
Myers Industries
MYE
$1.24B
| $8.6M | 0.01% |
406,494
-16,961
| -4% | -$351K |
|
1427
PUT
United Natural Foods
UNFI
$2.86B
| $8.59M | 0.01% |
200,000
| – | – |
|
1428
American Airlines Group
AAL
$9.1B
| $8.56M | 0.01% |
164,776
-751,295
| -82% | -$40.2M |
|
1429
Penske Automotive Group
PAG
$14.4B
| $8.54M | 0.01% |
192,742
+87,186
| +83% | +$4.23M |
|
|
LXFT
1430
DELISTED
Luxoft Holding, Inc.
LXFT
| $8.53M | 0.01% |
208,391
-2,930
| -1% | -$145K |
|
1431
PJT Partners
PJT
$4.45B
| $8.53M | 0.01% |
170,238
-73,558
| -30% | -$3.55M |
|
1432
Marriott International
MAR
$93.6B
| $8.52M | 0.01% |
62,662
-149,681
| -70% | -$21M |
|
1433
Photronics
PLAB
$1.74B
| $8.52M | 0.01% |
1,032,582
+2,312
| +0.2% | +$19.3K |
|
|
TSC
1434
DELISTED
TriState Capital Holdings, Inc.
TSC
| $8.51M | 0.01% |
365,953
+347,948
| +1,933% | +$8.2M |
|
1435
MongoDB
MDB
$32.8B
| $8.49M | 0.01% |
195,653
-194,489
| -50% | -$6.29M |
|
|
AXE
1436
DELISTED
Anixter International Inc
AXE
| $8.49M | 0.01% |
112,034
+91,953
| +458% | +$7.16M |
|
1437
Clorox
CLX
$12.7B
| $8.48M | 0.01% |
63,727
+53,757
| +539% | +$7.22M |
|
1438
Enovis
ENOV
$1.47B
| $8.47M | 0.01% |
154,293
+6,958
| +5% | +$429K |
|
|
SAGE
1439
DELISTED
Sage Therapeutics
SAGE
| $8.47M | 0.01% |
52,592
+1,747
| +3% | +$297K |
|
|
TRQ
1440
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $8.47M | 0.01% |
275,888
-434,379
| -61% | -$13.7M |
|
|
EVRI
1441
DELISTED
Everi Holdings
EVRI
| $8.46M | 0.01% |
1,288,280
-1,228,406
| -49% | -$9.14M |
|
1442
Clean Harbors
CLH
$16.5B
| $8.43M | 0.01% |
172,648
-99,904
| -37% | -$5.24M |
|
|
MSGN
1443
DELISTED
MSG Networks Inc.
MSGN
| $8.42M | 0.01% |
372,459
-163,491
| -31% | -$3.86M |
|
|
XOG
1444
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $8.42M | 0.01% |
734,469
-39,699
| -5% | -$527K |
|
|
LOMA
1445
Loma Negra
LOMA
$1.12B
| $8.41M | 0.01% |
394,592
+16,571
| +4% | +$376K |
|
1446
iShares 7-10 Year Treasury Bond ETF
IEF
$43.1B
| $8.41M | 0.01% |
81,510
+60,125
| +281% | +$6.19M |
|
1447
PUT
Lazard
LAZ
$4.24B
| $8.41M | 0.01% |
+160,000
| New | +$8.88M |
|
1448
Rush Enterprises Class A
RUSHA
$8.28B
| $8.4M | 0.01% |
444,940
-996,487
| -69% | -$20.7M |
|
|
ALTR
1449
DELISTED
Altair Engineering Inc
ALTR
| $8.4M | 0.01% |
267,839
+204,724
| +324% | +$5.58M |
|
1450
iShares MSCI EAFE ETF
EFA
$80.2B
| $8.39M | 0.01% |
120,473
+34,252
| +40% | +$2.44M |
|
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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.