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 | |
|---|---|---|---|---|---|---|
|
TRST
1626
Trustco Bank Corp NY
TRST
$969M
| $6.42M | 0.01% |
151,896
-35,836
| -19% | -$1.57M |
|
1627
Corning
GLW
$127B
| $6.42M | 0.01% |
230,117
-291,982
| -56% | -$9M |
|
|
NSTG
1628
DELISTED
NanoString Technologies, Inc.
NSTG
| $6.42M | 0.01% |
854,305
-150,681
| -15% | -$1.09M |
|
|
SWCH
1629
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $6.4M | 0.01% |
402,481
+367,393
| +1,047% | +$5.82M |
|
|
FDC
1630
PUT
DELISTED
First Data Corporation
FDC
| $6.4M | 0.01% |
+400,000
| New | +$6.63M |
|
1631
Match Group
MTCH
$9.68B
| $6.4M | 0.01% |
143,988
-114,194
| -44% | -$4.42M |
|
1632
CACI
CACI
$13.5B
| $6.38M | 0.01% |
42,164
-11,895
| -22% | -$1.74M |
|
|
SRDX
1633
DELISTED
Surmodics
SRDX
| $6.38M | 0.01% |
167,606
+31,930
| +24% | +$989K |
|
1634
Trupanion
TRUP
$1.4B
| $6.37M | 0.01% |
213,191
-20,884
| -9% | -$669K |
|
1635
CEMIG Preferred Shares
CIG
$5.78B
| $6.36M | 0.01% |
4,837,004
-2,588,661
| -35% | -$3.09M |
|
|
WCC
1636
WESCO International
WCC
$16.5B
| $6.36M | 0.01% |
102,459
-26,067
| -20% | -$1.68M |
|
|
BOLD
1637
DELISTED
Audentes Therapeutics, Inc
BOLD
| $6.35M | 0.01% |
+211,348
| New | +$7.16M |
|
|
LBRDA
1638
DELISTED
Liberty Broadband Class A
LBRDA
| $6.35M | 0.01% |
+74,844
| New | +$6.7M |
|
|
HES
1639
CALL
DELISTED
Hess
HES
| $6.33M | 0.01% |
125,000
-515,900
| -80% | -$25.3M |
|
1640
Colliers International
CIGI
$5.39B
| $6.32M | 0.01% |
91,010
-17,943
| -16% | -$1.13M |
|
1641
Alkermes
ALKS
$8.26B
| $6.32M | 0.01% |
109,038
+81,231
| +292% | +$4.75M |
|
1642
Civeo
CVEO
$346M
| $6.31M | 0.01% |
139,506
+61,850
| +80% | +$2.61M |
|
|
CYBR
1643
DELISTED
CyberArk
CYBR
| $6.28M | 0.01% |
123,149
+49,685
| +68% | +$2.31M |
|
|
CNR
1644
Core Natural Resources Inc
CNR
$4.81B
| $6.28M | 0.01% |
216,851
+132,138
| +156% | +$4.26M |
|
1645
Globe Life
GL
$13.2B
| $6.28M | 0.01% |
74,610
-112,484
| -60% | -$9.84M |
|
|
GBT
1646
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $6.28M | 0.01% |
130,026
-349,812
| -73% | -$19.5M |
|
|
PRO
1647
DELISTED
PROS Holdings
PRO
| $6.28M | 0.01% |
+190,228
| New | +$5.87M |
|
1648
Akebia Therapeutics
AKBA
$266M
| $6.27M | 0.01% |
658,022
-366,470
| -36% | -$5.13M |
|
1649
Avient
AVNT
$4.09B
| $6.26M | 0.01% |
147,131
-87,386
| -37% | -$3.77M |
|
|
BRSS
1650
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $6.26M | 0.01% |
187,017
-75,909
| -29% | -$2.41M |
|
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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.