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 | |
|---|---|---|---|---|---|---|
151
Honeywell
HON
$68B
| $112M | 0.15% |
858,831
+750,901
| +696% | +$104M |
|
|
STAY
152
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $112M | 0.15% |
5,648,993
+2,851,026
| +102% | +$56.3M |
|
153
Weyerhaeuser
WY
$17.6B
| $112M | 0.15% |
3,189,188
+729,574
| +30% | +$25.7M |
|
154
Ovintiv
OVV
$18B
| $110M | 0.15% |
2,000,702
+1,169,257
| +141% | +$69.4M |
|
155
UnitedHealth
UNH
$355B
| $110M | 0.15% |
512,714
-512,141
| -50% | -$117M |
|
156
Ventas
VTR
$47.7B
| $110M | 0.15% |
2,214,927
+1,568,408
| +243% | +$82.2M |
|
157
Duke Energy
DUK
$94.3B
| $109M | 0.15% |
1,412,332
+1,335,204
| +1,731% | +$103M |
|
158
Williams Companies
WMB
$86.1B
| $109M | 0.15% |
4,391,858
+4,307,878
| +5,130% | +$127M |
|
159
Canadian Pacific Kansas City
CP
$82.9B
| $109M | 0.15% |
3,078,975
+164,590
| +6% | +$5.94M |
|
160
Booking.com
BKNG
$161B
| $109M | 0.14% |
1,304,650
+956,700
| +275% | +$75.2M |
|
161
Amgen
AMGN
$239B
| $109M | 0.14% |
636,810
+117,669
| +23% | +$21.6M |
|
162
Charter Communications
CHTR
$18.3B
| $108M | 0.14% |
346,821
+135,351
| +64% | +$47.6M |
|
|
BERY
163
DELISTED
Berry Global Group, Inc.
BERY
| $107M | 0.14% |
2,116,406
+331,374
| +19% | +$17.3M |
|
|
PACW
164
DELISTED
PacWest Bancorp
PACW
| $106M | 0.14% |
2,148,226
-598,834
| -22% | -$31.3M |
|
|
TMHC
165
DELISTED
Taylor Morrison
TMHC
| $106M | 0.14% |
4,556,517
+917,686
| +25% | +$22.9M |
|
166
Simon Property Group
SPG
$70.9B
| $106M | 0.14% |
686,785
+281,486
| +69% | +$44.8M |
|
167
Prudential Financial
PRU
$42B
| $106M | 0.14% |
1,022,078
-796,401
| -44% | -$89.8M |
|
168
Cheniere Energy
LNG
$57.4B
| $106M | 0.14% |
1,976,978
+1,354,345
| +218% | +$74.6M |
|
169
Huntsman Corp
HUN
$1.71B
| $106M | 0.14% |
3,611,536
-2,883,218
| -44% | -$94.4M |
|
170
General Motors
GM
$75.7B
| $106M | 0.14% |
2,904,586
-3,906,105
| -57% | -$158M |
|
|
AET
171
PUT
DELISTED
Aetna Inc
AET
| $105M | 0.14% |
623,500
+271,500
| +77% | +$48.8M |
|
|
TIF
172
DELISTED
Tiffany & Co.
TIF
| $105M | 0.14% |
+1,078,847
| New | +$111M |
|
|
MXIM
173
DELISTED
Maxim Integrated Products
MXIM
| $104M | 0.14% |
1,726,882
+235,444
| +16% | +$14M |
|
|
ALXN
174
DELISTED
Alexion Pharmaceuticals
ALXN
| $104M | 0.14% |
931,131
+894,437
| +2,438% | +$107M |
|
175
Nabors Industries
NBR
$1.29B
| $104M | 0.14% |
296,634
+281,948
| +1,920% | +$103M |
|
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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.