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 | |
|---|---|---|---|---|---|---|
2426
Safe Bulkers
SB
$849M
| $1.6M | ﹤0.01% |
505,443
+399,141
| +375% | +$1.41M |
|
2427
TriCo Bancshares
TCBK
$1.74B
| $1.6M | ﹤0.01% |
43,030
-37,463
| -47% | -$1.43M |
|
2428
Valhi
VHI
$502M
| $1.6M | ﹤0.01% |
22,013
-11,850
| -35% | -$854K |
|
2429
Extreme Networks
EXTR
$2.99B
| $1.6M | ﹤0.01% |
144,440
-72,563
| -33% | -$916K |
|
|
MEET
2430
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $1.6M | ﹤0.01% |
765,175
-1,706,191
| -69% | -$4.43M |
|
2431
Future Fuel
FF
$238M
| $1.6M | ﹤0.01% |
133,287
+116,078
| +675% | +$1.53M |
|
|
AIZP
2432
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
| $1.6M | ﹤0.01% |
+15,326
| New | +$1.57M |
|
|
XRN
2433
Chiron Real Estate Inc
XRN
$493M
| $1.59M | ﹤0.01% |
45,830
+36,093
| +371% | +$1.34M |
|
|
SCS
2434
DELISTED
Steelcase
SCS
| $1.59M | ﹤0.01% |
116,974
+38,403
| +49% | +$563K |
|
2435
Hain Celestial
HAIN
$71M
| $1.58M | ﹤0.01% |
49,258
+36,496
| +286% | +$1.33M |
|
2436
Trustmark
TRMK
$2.69B
| $1.58M | ﹤0.01% |
50,698
+32,322
| +176% | +$1.04M |
|
2437
CALL
Energy Transfer Partners
ET
$73.7B
| $1.58M | ﹤0.01% |
+111,100
| New | +$1.85M |
|
2438
VanEck High Yield Muni ETF
HYD
$4.35B
| $1.58M | ﹤0.01% |
25,480
-4,345
| -15% | -$269K |
|
2439
Johnson Controls International
JCI
$87.5B
| $1.58M | ﹤0.01% |
44,777
+9,226
| +26% | +$350K |
|
|
ONCE
2440
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $1.58M | ﹤0.01% |
+23,699
| New | +$1.37M |
|
|
TUES
2441
DELISTED
Tuesday Morning Corp
TUES
| $1.57M | ﹤0.01% |
398,474
-212,273
| -35% | -$688K |
|
|
INAP
2442
DELISTED
Internap Corporation
INAP
| $1.57M | ﹤0.01% |
+142,704
| New | +$2M |
|
|
MULE
2443
DELISTED
MuleSoft, Inc.
MULE
| $1.57M | ﹤0.01% |
35,688
-1,109,121
| -97% | -$33M |
|
|
TESS
2444
DELISTED
Tessco Technologies Inc
TESS
| $1.57M | ﹤0.01% |
+67,644
| New | +$1.47M |
|
2445
Gaia
GAIA
$39.7M
| $1.56M | ﹤0.01% |
100,863
+45,207
| +81% | +$594K |
|
2446
Flotek Industries
FTK
$852M
| $1.56M | ﹤0.01% |
42,622
+34,903
| +452% | +$1.22M |
|
2447
Vanguard High Dividend Yield ETF
VYM
$83.2B
| $1.56M | ﹤0.01% |
18,912
+3,774
| +25% | +$324K |
|
|
NWY
2448
DELISTED
New York & Co Inc
NWY
| $1.56M | ﹤0.01% |
460,886
+439,141
| +2,020% | +$1.3M |
|
2449
Assembly Biosciences
ASMB
$719M
| $1.55M | ﹤0.01% |
2,633
-8,506
| -76% | -$5.27M |
|
2450
Innovative Industrial Properties
IIPR
$1.58B
| $1.55M | ﹤0.01% |
+58,014
| New | +$1.6M |
|
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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.