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 | |
|---|---|---|---|---|---|---|
1776
Main Street Capital
MAIN
$5.47B
| $5.19M | 0.01% |
+140,737
| New | +$5.27M |
|
1777
Albemarle
ALB
$15.7B
| $5.18M | 0.01% |
55,898
+31,318
| +127% | +$3.45M |
|
|
VR
1778
DELISTED
Validus Hold Ltd
VR
| $5.18M | 0.01% |
76,814
-131,856
| -63% | -$8.3M |
|
1779
Liberty Latin America Class A
LILA
$1.69B
| $5.17M | 0.01% |
414,878
+266,456
| +180% | +$3.69M |
|
|
CHL
1780
DELISTED
China Mobile Limited
CHL
| $5.16M | 0.01% |
112,843
-175,919
| -61% | -$8.53M |
|
|
EGLE
1781
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $5.16M | 0.01% |
148,779
+127,899
| +613% | +$4.45M |
|
|
AVDL
1782
DELISTED
Avadel Pharmaceuticals
AVDL
| $5.15M | 0.01% |
706,779
-137,621
| -16% | -$1.21M |
|
1783
Lennox International
LII
$13.4B
| $5.14M | 0.01% |
25,164
+8,154
| +48% | +$1.7M |
|
|
TIER
1784
DELISTED
TIER REIT, Inc.
TIER
| $5.13M | 0.01% |
277,490
+92,907
| +50% | +$1.77M |
|
1785
iShare MSCI Eurozone ETF
EZU
$9.97B
| $5.11M | 0.01% |
117,873
-56,827
| -33% | -$2.53M |
|
1786
O-I Glass
OI
$1.15B
| $5.11M | 0.01% |
235,812
+81,957
| +53% | +$1.82M |
|
1787
Advanced Drainage Systems
WMS
$10.7B
| $5.09M | 0.01% |
196,471
+52,800
| +37% | +$1.34M |
|
1788
CALL
Omnicom Group
OMC
$24.2B
| $5.09M | 0.01% |
+70,000
| New | +$5.25M |
|
|
ALBO
1789
DELISTED
Albireo Pharma Inc
ALBO
| $5.07M | 0.01% |
155,611
+109,017
| +234% | +$3.67M |
|
1790
TTEC Holdings
TTEC
$69M
| $5.05M | 0.01% |
+164,547
| New | +$6.11M |
|
1791
Shutterstock
SSTK
$205M
| $5.05M | 0.01% |
104,907
+97,940
| +1,406% | +$4.62M |
|
1792
Center Bancorp
CNOB
$1.61B
| $5.04M | 0.01% |
175,090
-122,653
| -41% | -$3.57M |
|
|
CMO
1793
DELISTED
Capstead Mortgage Corp.
CMO
| $5.01M | 0.01% |
+579,569
| New | +$5.02M |
|
1794
Quanta Services
PWR
$90.8B
| $5.01M | 0.01% |
145,873
-843,180
| -85% | -$30.6M |
|
1795
TripAdvisor
TRIP
$1.18B
| $5M | 0.01% |
122,340
+63,211
| +107% | +$2.47M |
|
|
UBNK
1796
DELISTED
United Financial Bancorp, Inc.
UBNK
| $5M | 0.01% |
308,734
-297,922
| -49% | -$4.94M |
|
1797
Emerson Electric
EMR
$86.4B
| $5M | 0.01% |
73,195
-1,054,670
| -94% | -$75.1M |
|
|
VGR
1798
DELISTED
Vector Group Ltd.
VGR
| $5M | 0.01% |
381,100
-927,934
| -71% | -$12.4M |
|
1799
Galicia Financial Group
GGAL
$7.1B
| $4.99M | 0.01% |
75,891
-9,679
| -11% | -$635K |
|
1800
Cars.com
CARS
$661M
| $4.98M | 0.01% |
175,766
-102,743
| -37% | -$3.01M |
|
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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.