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 | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $1.51B | 2.02% |
20,425,613
-13,472
| -0.1% | -$1.02M |
|
|
2
CALL
Micron Technology
MU
$1.09T
| $547M | 0.73% |
10,500,000
+4,000,000
| +62% | +$191M |
|
|
CMA
3
DELISTED
Comerica
CMA
| $364M | 0.49% |
3,797,900
+318,602
| +9% | +$30.4M |
|
4
Mondelez International
MDLZ
$82.3B
| $353M | 0.47% |
8,470,985
+3,266,632
| +63% | +$142M |
|
|
MRO
5
DELISTED
Marathon Oil Corporation
MRO
| $351M | 0.47% |
21,759,825
+3,163,372
| +17% | +$52.5M |
|
6
Bank of America
BAC
$431B
| $325M | 0.43% |
10,833,675
-1,627,807
| -13% | -$51.1M |
|
|
7
Boston Scientific
BSX
$73B
| $319M | 0.43% |
11,687,642
+8,814,457
| +307% | +$240M |
|
|
8
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $315M | 0.42% |
1,197,300
-137,800
| -10% | -$37.6M |
|
|
9
Ameren
AEE
$29.4B
| $313M | 0.42% |
5,519,198
+3,540,226
| +179% | +$196M |
|
10
Boeing
BA
$169B
| $312M | 0.42% |
952,408
+167,570
| +21% | +$56.6M |
|
|
ETFC
11
DELISTED
E*Trade Financial Corporation
ETFC
| $292M | 0.39% |
5,273,918
+223,961
| +4% | +$11.9M |
|
12
Agilent Technologies
A
$44.9B
| $288M | 0.38% |
4,309,974
+1,759,075
| +69% | +$123M |
|
13
Meta Platforms (Facebook)
META
$1.4T
| $279M | 0.37% |
1,747,446
+506,471
| +41% | +$90.9M |
|
14
Restaurant Brands International
QSR
$28.2B
| $276M | 0.37% |
4,857,056
+1,373,701
| +39% | +$81.6M |
|
|
AET
15
DELISTED
Aetna Inc
AET
| $266M | 0.35% |
1,573,352
+234,287
| +17% | +$42.1M |
|
16
Medtronic
MDT
$119B
| $260M | 0.35% |
3,241,073
+1,943,817
| +150% | +$160M |
|
|
17
eBay
EBAY
$46.3B
| $258M | 0.34% |
6,411,341
+5,585,174
| +676% | +$231M |
|
18
CSX Corp
CSX
$95.6B
| $255M | 0.34% |
13,733,745
+6,830,298
| +99% | +$128M |
|
19
Zions Bancorporation
ZION
$9.95B
| $254M | 0.34% |
4,820,951
-413,835
| -8% | -$22.3M |
|
20
PUT
Apple
AAPL
$4.51T
| $254M | 0.34% |
6,044,000
+4,000
| +0.1% | +$172K |
|
21
Goldman Sachs
GS
$303B
| $252M | 0.34% |
999,532
+471,354
| +89% | +$123M |
|
22
Aramark
ARMK
$15.8B
| $250M | 0.33% |
8,752,625
+5,849,905
| +202% | +$179M |
|
23
ConocoPhillips
COP
$162B
| $245M | 0.33% |
4,136,386
+1,811,555
| +78% | +$102M |
|
|
APC
24
DELISTED
Anadarko Petroleum
APC
| $245M | 0.33% |
4,057,942
+2,879,587
| +244% | +$169M |
|
25
Regions Financial
RF
$25.9B
| $240M | 0.32% |
12,929,881
-3,728,269
| -22% | -$70.6M |
|
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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.