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 | |
|---|---|---|---|---|---|---|
1551
Gentherm
THRM
$1.23B
| $7.26M | 0.01% |
213,920
-201,161
| -48% | -$6.51M |
|
1552
iShares Russell 1000 ETF
IWB
$48.9B
| $7.26M | 0.01% |
49,451
+10,842
| +28% | +$1.65M |
|
1553
Usana Health Sciences
USNA
$255M
| $7.25M | 0.01% |
84,445
+64,078
| +315% | +$4.96M |
|
1554
Oxford Industries
OXM
$549M
| $7.25M | 0.01% |
97,166
-28,446
| -23% | -$2.28M |
|
1555
ONE Gas
OGS
$5.05B
| $7.24M | 0.01% |
109,721
+89,614
| +446% | +$6.03M |
|
1556
Kadant
KAI
$3.58B
| $7.24M | 0.01% |
76,645
+68,529
| +844% | +$6.73M |
|
1557
Zillow
ZG
$8.34B
| $7.24M | 0.01% |
133,982
-463,217
| -78% | -$22.3M |
|
1558
American Eagle Outfitters
AEO
$2.8B
| $7.23M | 0.01% |
362,788
-226,350
| -38% | -$4.24M |
|
1559
Kennametal
KMT
$2.23B
| $7.22M | 0.01% |
179,799
-36,806
| -17% | -$1.68M |
|
1560
LyondellBasell Industries
LYB
$20.2B
| $7.22M | 0.01% |
68,329
-47,142
| -41% | -$5.27M |
|
1561
PUT
Hartford Financial Services
HIG
$37.4B
| $7.21M | 0.01% |
+140,000
| New | +$7.66M |
|
1562
Standex International
SXI
$3.69B
| $7.18M | 0.01% |
75,315
-104,696
| -58% | -$10.5M |
|
1563
SouthState Bank Corp
SSB
$10.3B
| $7.16M | 0.01% |
83,943
+37,270
| +80% | +$3.3M |
|
|
SASR
1564
DELISTED
Sandy Spring Bancorp Inc
SASR
| $7.14M | 0.01% |
184,304
-157,560
| -46% | -$6.14M |
|
1565
VeriSign
VRSN
$26.6B
| $7.13M | 0.01% |
60,137
-52,742
| -47% | -$6.11M |
|
1566
New York Times
NYT
$11.1B
| $7.13M | 0.01% |
295,760
+82,648
| +39% | +$1.9M |
|
1567
CenterPoint Energy
CNP
$25.6B
| $7.13M | 0.01% |
260,027
-205,702
| -44% | -$5.6M |
|
1568
Century Aluminum
CENX
$4.38B
| $7.11M | 0.01% |
429,729
+407,243
| +1,811% | +$8.51M |
|
|
WRD
1569
DELISTED
WildHorse Resource Development
WRD
| $7.09M | 0.01% |
+371,396
| New | +$6.63M |
|
1570
Ingevity
NGVT
$2.37B
| $7.08M | 0.01% |
96,026
-217,075
| -69% | -$16.2M |
|
1571
Sonida Senior Living
SNDA
$1.97B
| $7.07M | 0.01% |
43,872
+39,725
| +958% | +$7.06M |
|
1572
T. Rowe Price
TROW
$24.1B
| $7.07M | 0.01% |
65,454
-161,146
| -71% | -$17.9M |
|
1573
Ezcorp Inc
EZPW
$2.16B
| $7.06M | 0.01% |
535,015
+30,912
| +6% | +$395K |
|
1574
Matthews International
MATW
$671M
| $7.06M | 0.01% |
139,466
-288,784
| -67% | -$15.3M |
|
|
CISN
1575
DELISTED
Cision Ltd. Ordinary Share
CISN
| $7.05M | 0.01% |
609,366
+488,098
| +402% | +$5.8M |
|
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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.