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 | |
|---|---|---|---|---|---|---|
|
XLRN
1951
DELISTED
Acceleron Pharma
XLRN
| $3.83M | 0.01% |
+98,050
| New | +$4.17M |
|
1952
Blackrock
BLK
$182B
| $3.82M | 0.01% |
7,056
-37,898
| -84% | -$20.8M |
|
1953
Wabash National
WNC
$512M
| $3.82M | 0.01% |
183,517
+162,349
| +767% | +$3.66M |
|
|
ERF
1954
DELISTED
Enerplus Corporation
ERF
| $3.82M | 0.01% |
339,203
+70,900
| +26% | +$772K |
|
1955
iShares Semiconductor ETF
SOXX
$41.8B
| $3.82M | 0.01% |
+63,591
| New | +$3.87M |
|
|
SAVE
1956
DELISTED
Spirit Airlines, Inc.
SAVE
| $3.8M | 0.01% |
100,639
-1,168,295
| -92% | -$49M |
|
|
SGMO
1957
PUT
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $3.8M | 0.01% |
+200,000
| New | +$4.28M |
|
|
LBAI
1958
DELISTED
Lakeland Bancorp Inc
LBAI
| $3.79M | 0.01% |
+191,002
| New | +$3.83M |
|
1959
AngioDynamics
ANGO
$645M
| $3.79M | 0.01% |
+219,512
| New | +$3.66M |
|
1960
Sierra Bancorp
BSRR
$514M
| $3.78M | 0.01% |
141,904
-16,777
| -11% | -$457K |
|
1961
Casella Waste Systems
CWST
$5.93B
| $3.75M | 0.01% |
160,254
-551,900
| -77% | -$13.5M |
|
1962
Saia
SAIA
$9.3B
| $3.75M | 0.01% |
49,846
+18,588
| +59% | +$1.38M |
|
|
QES
1963
DELISTED
Quintana Energy Services Inc.
QES
| $3.73M | 0.01% |
+383,056
| New | +$3.54M |
|
1964
CryoPort
CYRX
$835M
| $3.73M | 0.01% |
434,068
+291,737
| +205% | +$2.58M |
|
|
BFS
1965
Saul Centers
BFS
$845M
| $3.72M | 0.01% |
72,945
+35,060
| +93% | +$1.86M |
|
|
BBBY
1966
DELISTED
Bed Bath & Beyond Inc
BBBY
| $3.71M | 0.01% |
176,908
-341,660
| -66% | -$7.55M |
|
|
SPPI
1967
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $3.71M | ﹤0.01% |
+230,372
| New | +$4.56M |
|
1968
Steris
STE
$23.1B
| $3.7M | ﹤0.01% |
+39,635
| New | +$3.6M |
|
1969
SiriusXM
SIRI
$9.55B
| $3.7M | ﹤0.01% |
59,230
+53,394
| +915% | +$3.21M |
|
|
GGP
1970
DELISTED
GGP Inc.
GGP
| $3.69M | ﹤0.01% |
180,601
-677,167
| -79% | -$15M |
|
1971
Sabesp
SBS
$17.2B
| $3.69M | ﹤0.01% |
1,798,935
+1,504,415
| +511% | +$3.23M |
|
1972
Dime Commercial Bancshares
DCOM
$1.79B
| $3.69M | ﹤0.01% |
109,882
+102,038
| +1,301% | +$3.52M |
|
1973
Universal Health Services
UHS
$10.5B
| $3.69M | ﹤0.01% |
+31,130
| New | +$3.7M |
|
|
SRE.PRA
1974
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $3.68M | ﹤0.01% |
+35,986
| New | +$3.63M |
|
|
AMWD
1975
DELISTED
American Woodmark
AMWD
| $3.67M | ﹤0.01% |
37,298
+13,378
| +56% | +$1.68M |
|
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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.