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 | |
|---|---|---|---|---|---|---|
1476
Penumbra
PEN
$12.8B
| $8.09M | 0.01% |
69,909
+47,689
| +215% | +$4.92M |
|
|
MIME
1477
DELISTED
Mimecast Limited
MIME
| $8.08M | 0.01% |
+228,116
| New | +$7.75M |
|
|
CBPX
1478
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $8.07M | 0.01% |
282,713
-10,535
| -4% | -$295K |
|
1479
Dolby
DLB
$6.2B
| $8.05M | 0.01% |
126,633
-302,074
| -70% | -$19.4M |
|
|
AHT
1480
Ashford Hospitality Trust
AHT
$21.6M
| $8.03M | 0.01% |
1,258
+78
| +7% | +$488K |
|
1481
Barrett Business Services
BBSI
$801M
| $8.02M | 0.01% |
387,216
-42,484
| -10% | -$773K |
|
1482
Radware
RDWR
$1.16B
| $8.02M | 0.01% |
375,509
+21,202
| +6% | +$439K |
|
1483
Vanguard Extended Market ETF
VXF
$31.4B
| $8.01M | 0.01% |
71,840
-7,760
| -10% | -$881K |
|
1484
PUT
Invesco QQQ Trust
QQQ
$485B
| $8.01M | 0.01% |
+50,000
| New | +$8.26M |
|
1485
OraSure Technologies
OSUR
$261M
| $7.99M | 0.01% |
473,046
-1,151,170
| -71% | -$21.8M |
|
1486
Fair Isaac
FICO
$24.7B
| $7.99M | 0.01% |
47,166
-125,395
| -73% | -$20.9M |
|
|
AUO
1487
DELISTED
AU Optronics Corp
AUO
| $7.98M | 0.01% |
1,745,192
-1,399,849
| -45% | -$6.42M |
|
|
QUOT
1488
DELISTED
Quotient Technology Inc
QUOT
| $7.96M | 0.01% |
607,242
-1,543,845
| -72% | -$19.5M |
|
1489
White Mountains Insurance
WTM
$5.1B
| $7.95M | 0.01% |
9,666
-13,815
| -59% | -$11.4M |
|
1490
Primerica
PRI
$9.17B
| $7.95M | 0.01% |
82,283
+1,825
| +2% | +$183K |
|
|
KMG
1491
DELISTED
KMG Chemicals Inc
KMG
| $7.95M | 0.01% |
+132,577
| New | +$8.27M |
|
|
KEM
1492
DELISTED
KEMET Corporation
KEM
| $7.94M | 0.01% |
438,119
-117,779
| -21% | -$2.16M |
|
|
GOL
1493
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $7.94M | 0.01% |
610,939
+354,588
| +138% | +$3.95M |
|
1494
Pampa Energía
PAM
$4.24B
| $7.93M | 0.01% |
133,064
+4,795
| +4% | +$313K |
|
1495
Semtech
SMTC
$11.7B
| $7.92M | 0.01% |
202,925
+29,876
| +17% | +$1.08M |
|
1496
United Bankshares
UBSI
$6.46B
| $7.92M | 0.01% |
+224,654
| New | +$8.13M |
|
1497
UroGen Pharma
URGN
$2.25B
| $7.91M | 0.01% |
159,113
+147,628
| +1,285% | +$7.4M |
|
1498
Bausch Health
BHC
$2.45B
| $7.9M | 0.01% |
496,313
+71,900
| +17% | +$1.34M |
|
1499
Telecom Argentina
TEO
$5.76B
| $7.9M | 0.01% |
+252,018
| New | +$8.86M |
|
1500
PUT
Euronet Worldwide
EEFT
$2.63B
| $7.89M | 0.01% |
+100,000
| New | +$8.8M |
|
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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.