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 | |
|---|---|---|---|---|---|---|
126
PACCAR
PCAR
$69B
| $120M | 0.16% |
2,727,609
+677,709
| +33% | +$32.1M |
|
127
Cisco
CSCO
$438B
| $120M | 0.16% |
2,803,775
+709,442
| +34% | +$30.1M |
|
128
Mid-America Apartment Communities
MAA
$15.2B
| $120M | 0.16% |
1,317,675
+754,755
| +134% | +$68.3M |
|
|
PX
129
DELISTED
Praxair Inc
PX
| $120M | 0.16% |
831,216
+434,003
| +109% | +$67.5M |
|
130
Voya Financial
VOYA
$8.86B
| $119M | 0.16% |
2,366,252
-394,928
| -14% | -$20.4M |
|
131
Cummins
CMI
$80.9B
| $119M | 0.16% |
736,626
+354,266
| +93% | +$60.9M |
|
|
CTRA
132
DELISTED
Coterra Energy
CTRA
| $119M | 0.16% |
4,961,299
+4,184,071
| +538% | +$108M |
|
133
Johnson & Johnson
JNJ
$651B
| $119M | 0.16% |
926,145
-83,767
| -8% | -$11.3M |
|
134
The Mosaic Company
MOS
$7.76B
| $118M | 0.16% |
4,875,077
-292,348
| -6% | -$7.69M |
|
135
Perrigo
PRGO
$1.98B
| $118M | 0.16% |
1,416,612
-62,170
| -4% | -$5.42M |
|
136
American Express
AXP
$227B
| $118M | 0.16% |
1,263,633
-216,640
| -15% | -$21M |
|
137
Motorola Solutions
MSI
$79.5B
| $117M | 0.16% |
1,114,856
+604,248
| +118% | +$61.7M |
|
|
WCG
138
DELISTED
Wellcare Health Plans, Inc.
WCG
| $117M | 0.16% |
603,298
+206,969
| +52% | +$41.4M |
|
139
Wells Fargo
WFC
$254B
| $117M | 0.16% |
2,226,023
+400,463
| +22% | +$23.8M |
|
140
S&P Global
SPGI
$127B
| $116M | 0.16% |
608,199
+74,550
| +14% | +$13.8M |
|
141
Viatris
VTRS
$18.7B
| $116M | 0.15% |
2,813,860
-91,457
| -3% | -$3.9M |
|
142
ServiceNow
NOW
$133B
| $115M | 0.15% |
3,480,675
+2,716,960
| +356% | +$83.9M |
|
143
Nektar Therapeutics
NKTR
$2.53B
| $114M | 0.15% |
+71,789
| New | +$92.5M |
|
144
McDonald's
MCD
$192B
| $114M | 0.15% |
731,669
-626,640
| -46% | -$103M |
|
145
Celanese
CE
$5.14B
| $114M | 0.15% |
1,138,489
+844,690
| +288% | +$89.1M |
|
146
Dollar Tree
DLTR
$25.3B
| $114M | 0.15% |
1,198,636
-186,697
| -13% | -$19.6M |
|
147
Sherwin-Williams
SHW
$84.1B
| $114M | 0.15% |
868,707
-308,652
| -26% | -$42.1M |
|
148
Coca-Cola
KO
$392B
| $113M | 0.15% |
2,611,096
-1,381,039
| -35% | -$62M |
|
149
Kimberly-Clark
KMB
$36.4B
| $113M | 0.15% |
1,026,769
+966,381
| +1,600% | +$110M |
|
150
Bankunited
BKU
$3.3B
| $112M | 0.15% |
2,809,667
+146,209
| +5% | +$6.04M |
|
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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.