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 | |
|---|---|---|---|---|---|---|
|
SCTL
2076
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
| $3.06M | ﹤0.01% |
+309,850
| New | +$2.6M |
|
|
AXAS
2077
DELISTED
Abraxas Petroleum Corp
AXAS
| $3.06M | ﹤0.01% |
68,812
+13,531
| +24% | +$631K |
|
2078
Bank of Hawaii
BOH
$3.05B
| $3.05M | ﹤0.01% |
36,756
+22,505
| +158% | +$1.9M |
|
2079
Washington Trust Bancorp
WASH
$758M
| $3.05M | ﹤0.01% |
56,772
+290
| +0.5% | +$15.7K |
|
2080
First Bank
FRBA
$444M
| $3.05M | ﹤0.01% |
211,822
+120,986
| +133% | +$1.7M |
|
2081
Floor & Decor
FND
$5.78B
| $3.05M | ﹤0.01% |
58,469
-27,027
| -32% | -$1.28M |
|
|
CSBK
2082
DELISTED
Clifton Bancorp Inc.
CSBK
| $3.04M | ﹤0.01% |
+194,594
| New | +$3.12M |
|
2083
Gogo Inc
GOGO
$386M
| $3.04M | ﹤0.01% |
352,607
+342,392
| +3,352% | +$3.3M |
|
2084
Onto Innovation
ONTO
$17.8B
| $3.02M | ﹤0.01% |
112,460
+4,230
| +4% | +$113K |
|
2085
First Solar
FSLR
$22.1B
| $3.02M | ﹤0.01% |
42,580
-478,104
| -92% | -$32.5M |
|
|
FENG
2086
Phoenix New Media
FENG
$17.8M
| $3.02M | ﹤0.01% |
115,594
-57,017
| -33% | -$1.99M |
|
2087
Avista
AVA
$3.2B
| $3.02M | ﹤0.01% |
58,821
+16,165
| +38% | +$816K |
|
2088
ScottsMiracle-Gro
SMG
$3.57B
| $3.02M | ﹤0.01% |
35,161
+29,604
| +533% | +$2.82M |
|
2089
Johnson Outdoors
JOUT
$477M
| $3.01M | ﹤0.01% |
48,606
-34,180
| -41% | -$2.18M |
|
|
DEA
2090
Easterly Government Properties
DEA
$1.17B
| $3.01M | ﹤0.01% |
59,033
+19,433
| +49% | +$977K |
|
|
SFUN
2091
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $3.01M | ﹤0.01% |
11,711
+11,235
| +2,360% | +$2.81M |
|
2092
iShares MSCI Mexico ETF
EWW
$1.8B
| $3.01M | ﹤0.01% |
58,380
+28,479
| +95% | +$1.46M |
|
2093
CALL
Abbott
ABT
$197B
| $3M | ﹤0.01% |
50,000
+10,000
| +25% | +$603K |
|
|
LJPC
2094
PUT
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $2.98M | ﹤0.01% |
+100,000
| New | +$3.22M |
|
2095
Methode Electronics
MEI
$606M
| $2.98M | ﹤0.01% |
76,078
+24,245
| +47% | +$983K |
|
2096
Luxfer Holdings
LXFR
$459M
| $2.97M | ﹤0.01% |
231,935
+183,416
| +378% | +$2.61M |
|
2097
Lithia Motors
LAD
$8.14B
| $2.97M | ﹤0.01% |
29,511
-215,955
| -88% | -$24.4M |
|
2098
Mattel
MAT
$4.35B
| $2.96M | ﹤0.01% |
225,447
-359,226
| -61% | -$5.6M |
|
2099
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $2.96M | ﹤0.01% |
61,900
+284
| +0.5% | +$13.6K |
|
2100
Oaktree Specialty Lending
OCSL
$1.15B
| $2.96M | ﹤0.01% |
234,088
-25,969
| -10% | -$360K |
|
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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.