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 | |
|---|---|---|---|---|---|---|
|
VXX
176
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $103M | 0.14% |
2,175,000
+825,000
| +61% | +$31.3M |
|
177
Gilead Sciences
GILD
$181B
| $103M | 0.14% |
1,361,685
+940,568
| +223% | +$74.8M |
|
178
Entergy
ETR
$48.8B
| $103M | 0.14% |
2,602,796
-2,610,832
| -50% | -$101M |
|
179
Citigroup
C
$221B
| $102M | 0.14% |
1,516,469
-496,072
| -25% | -$37.3M |
|
180
Raymond James Financial
RJF
$33.7B
| $102M | 0.14% |
1,710,717
+733,965
| +75% | +$45.7M |
|
181
CBRE Group
CBRE
$44B
| $101M | 0.14% |
2,149,193
+1,485,434
| +224% | +$67.7M |
|
182
Alphabet (Google) Class C
GOOG
$4.18T
| $101M | 0.14% |
1,966,920
+445,900
| +29% | +$24.6M |
|
183
JPMorgan Chase
JPM
$935B
| $101M | 0.13% |
918,866
-237,446
| -21% | -$26.9M |
|
184
Intuitive Surgical
ISRG
$134B
| $101M | 0.13% |
733,191
+679,572
| +1,267% | +$94.8M |
|
|
UFS
185
DELISTED
DOMTAR CORPORATION (New)
UFS
| $101M | 0.13% |
2,365,746
+927,637
| +65% | +$43.6M |
|
186
FirstEnergy
FE
$26.6B
| $101M | 0.13% |
2,956,482
-784,818
| -21% | -$25.2M |
|
|
BNY
187
Bank of New York Mellon
BNY
$108B
| $101M | 0.13% |
1,951,157
-23,393
| -1% | -$1.3M |
|
188
Microsoft
MSFT
$3.59T
| $100M | 0.13% |
1,101,083
-661,229
| -38% | -$60.5M |
|
189
Citizens Financial Group
CFG
$29.4B
| $100M | 0.13% |
2,381,791
+646,789
| +37% | +$29M |
|
190
Kraft Heinz
KHC
$30.3B
| $99.9M | 0.13% |
1,603,227
+314,950
| +24% | +$22.6M |
|
191
International Paper
IP
$22B
| $99.6M | 0.13% |
1,968,368
+1,802,498
| +1,087% | +$100M |
|
192
Viasat
VSAT
$10.3B
| $98.7M | 0.13% |
1,501,701
+1,857
| +0.1% | +$135K |
|
193
Jefferies Financial Group
JEF
$12.1B
| $98.5M | 0.13% |
4,842,578
+4,004,011
| +477% | +$90.7M |
|
|
DISH
194
DELISTED
DISH Network Corp.
DISH
| $98.5M | 0.13% |
2,599,299
+549,930
| +27% | +$24.2M |
|
195
Public Service Enterprise Group
PEG
$36.2B
| $97.9M | 0.13% |
1,948,085
+736,283
| +61% | +$36.1M |
|
196
CME Group
CME
$98.9B
| $97.2M | 0.13% |
601,002
+198,567
| +49% | +$31.6M |
|
|
K
197
DELISTED
Kellanova
K
| $97.2M | 0.13% |
1,591,977
-258,312
| -14% | -$16.3M |
|
198
Cigna
CI
$73.3B
| $96.9M | 0.13% |
577,890
+124,284
| +27% | +$24.2M |
|
199
Aptiv
APTV
$10B
| $96.9M | 0.13% |
1,140,725
+683,337
| +149% | +$62M |
|
200
T-Mobile US
TMUS
$196B
| $96.8M | 0.13% |
1,586,045
-913,207
| -37% | -$57.1M |
|
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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.