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 | |
|---|---|---|---|---|---|---|
1526
Fresenius Medical Care
FMS
$12.5B
| $7.51M | 0.01% |
146,984
+65,707
| +81% | +$3.5M |
|
1527
PUT
Bank of America
BAC
$437B
| $7.5M | 0.01% |
+250,000
| New | +$7.85M |
|
1528
Ambarella
AMBA
$3.1B
| $7.49M | 0.01% |
152,934
-308,816
| -67% | -$16M |
|
1529
Financial Institutions
FISI
$800M
| $7.46M | 0.01% |
251,977
-11,454
| -4% | -$360K |
|
1530
CONMED
CNMD
$1.53B
| $7.45M | 0.01% |
117,575
+4,623
| +4% | +$276K |
|
|
UNIT
1531
Uniti Group
UNIT
$2.45B
| $7.45M | 0.01% |
458,165
+414,973
| +961% | +$6.67M |
|
|
MOMO
1532
Hello Group
MOMO
$853M
| $7.44M | 0.01% |
199,066
-576,178
| -74% | -$18.3M |
|
1533
FTI Consulting
FCN
$4.19B
| $7.43M | 0.01% |
153,579
+112,316
| +272% | +$5.07M |
|
|
APTS
1534
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $7.43M | 0.01% |
523,585
+285,026
| +119% | +$4.46M |
|
|
ORBC
1535
DELISTED
ORBCOMM, Inc.
ORBC
| $7.43M | 0.01% |
792,507
+726,191
| +1,095% | +$7.71M |
|
1536
John Wiley & Sons Class A
WLY
$2.74B
| $7.41M | 0.01% |
116,373
+43,809
| +60% | +$2.84M |
|
1537
PUT
Sarepta Therapeutics
SRPT
$2B
| $7.41M | 0.01% |
+100,000
| New | +$6.67M |
|
|
SRNE
1538
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $7.39M | 0.01% |
1,434,670
+178,516
| +14% | +$1.27M |
|
|
TRCO
1539
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $7.38M | 0.01% |
182,196
+128,304
| +238% | +$5.41M |
|
1540
Pool Corp
POOL
$6.77B
| $7.38M | 0.01% |
50,470
-36,039
| -42% | -$4.96M |
|
1541
First Financial Bancorp
FFBC
$3.43B
| $7.36M | 0.01% |
250,900
-99,088
| -28% | -$2.79M |
|
1542
Antero Midstream
AM
$10.4B
| $7.36M | 0.01% |
460,487
-494,926
| -52% | -$9.58M |
|
1543
Diageo
DEO
$52.7B
| $7.34M | 0.01% |
54,171
-19,846
| -27% | -$2.76M |
|
|
AVHI
1544
DELISTED
A V Homes, Inc.
AVHI
| $7.33M | 0.01% |
395,073
-34,669
| -8% | -$611K |
|
|
EQC
1545
DELISTED
Equity Commonwealth
EQC
| $7.32M | 0.01% |
238,494
+230,893
| +3,038% | +$6.86M |
|
1546
Nike
NKE
$58.6B
| $7.31M | 0.01% |
110,050
-18,100
| -14% | -$1.19M |
|
1547
VanEck Semiconductor ETF
SMH
$65.9B
| $7.31M | 0.01% |
140,218
+135,120
| +2,650% | +$7.12M |
|
1548
Enanta Pharmaceuticals
ENTA
$410M
| $7.31M | 0.01% |
90,316
-130,529
| -59% | -$10M |
|
|
SHOE
1549
Shoe Station Group
SHOE
$389M
| $7.3M | 0.01% |
613,310
-577,546
| -48% | -$6.95M |
|
|
NXEO
1550
DELISTED
Nexeo Solutions, Inc. Common Stock
NXEO
| $7.28M | 0.01% |
680,343
+133,442
| +24% | +$1.3M |
|
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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.