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 |
Walt Disney
DIS
|
+$655M |
| 2 |
Coty
COTY
|
+$380M |
| 3 |
ConocoPhillips
COP
|
+$250M |
| 4 |
Zimmer Biomet
ZBH
|
+$213M |
| 5 |
Valero Energy
VLO
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$375M |
| 3 |
SHPG
Shire pic
SHPG
|
+$362M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$310M |
| 5 |
CELG
Celgene Corp
CELG
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.57% |
| 2 | Technology | 12.05% |
| 3 | Financials | 10.74% |
| 4 | Consumer Discretionary | 9.44% |
| 5 | Energy | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
NRG Energy
NRG
$23.8B
| $67.1M | 0.1% |
1,579,218
-1,830,308
| -54% | -$75.8M |
|
252
Emerson Electric
EMR
$87.7B
| $66.8M | 0.1% |
976,184
+908,788
| +1,348% | +$59.8M |
|
253
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $66.8M | 0.1% |
543,050
+328,950
| +154% | +$39.6M |
|
|
AVB
254
DELISTED
AvalonBay Communities
AVB
| $66.7M | 0.1% |
332,181
-130,888
| -28% | -$25M |
|
255
Tesla
TSLA
$1.43T
| $66.3M | 0.1% |
3,554,415
-8,219,355
| -70% | -$165M |
|
|
ZGNX
256
DELISTED
Zogenix, Inc.
ZGNX
| $65.8M | 0.1% |
1,195,635
+225,093
| +23% | +$10.7M |
|
|
AMRN
257
Amarin Corp
AMRN
$298M
| $65.8M | 0.1% |
158,372
-122,845
| -44% | -$44.3M |
|
258
GoDaddy
GDDY
$12.3B
| $65.3M | 0.1% |
868,080
-268,341
| -24% | -$18.9M |
|
259
Madison Square Garden
MSGS
$9.78B
| $65.2M | 0.1% |
311,609
+137,729
| +79% | +$28M |
|
260
Ametek
AME
$54.9B
| $65M | 0.1% |
783,811
-298,931
| -28% | -$22.7M |
|
261
Core Laboratories
CLB
$574M
| $65M | 0.1% |
943,074
+145,913
| +18% | +$9.78M |
|
|
BNFT
262
DELISTED
Benefitfocus, Inc.
BNFT
| $64.8M | 0.1% |
1,308,566
+970,244
| +287% | +$49.6M |
|
263
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $64.6M | 0.1% |
1,459,200
+551,400
| +61% | +$23.5M |
|
264
Trip.com Group
TCOM
$29B
| $64.5M | 0.1% |
1,477,442
+1,402,756
| +1,878% | +$49.2M |
|
265
Matador Resources
MTDR
$7.22B
| $64.2M | 0.1% |
3,320,531
+704,637
| +27% | +$13.1M |
|
266
Intercontinental Exchange
ICE
$90.5B
| $64.2M | 0.1% |
842,918
-2,831,949
| -77% | -$212M |
|
267
CALL
Antero Resources
AR
$11.7B
| $63.2M | 0.09% |
7,157,600
+2,732,900
| +62% | +$25.8M |
|
268
Cisco
CSCO
$438B
| $62.7M | 0.09% |
1,161,670
-2,704,315
| -70% | -$131M |
|
269
Amphenol
APH
$194B
| $62.7M | 0.09% |
2,655,080
+2,632,652
| +11,738% | +$58.9M |
|
270
State Street
STT
$51.4B
| $62.3M | 0.09% |
946,767
-795,366
| -46% | -$55.1M |
|
271
PayPal
PYPL
$52.7B
| $62.3M | 0.09% |
599,492
-466,780
| -44% | -$44.2M |
|
272
Natera
NTRA
$47.9B
| $62.2M | 0.09% |
3,018,121
+1,322,904
| +78% | +$20.7M |
|
|
FL
273
DELISTED
Foot Locker
FL
| $62.1M | 0.09% |
1,025,561
+338,438
| +49% | +$19.7M |
|
274
PUT
Qualcomm
QCOM
$169B
| $62M | 0.09% |
1,086,500
+120,200
| +12% | +$6.49M |
|
275
Yum China
YUMC
$16.9B
| $61.8M | 0.09% |
1,375,586
+100,657
| +8% | +$3.96M |
|
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Israel Englander's Q1 2019 Portfolio in Review
As of Q1 2019, Israel Englander held 4,608 positions worth $66.8B, up 4.2% from $64.1B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
Israel Englander withdrew a net $6.14B in Q1 2019, closing 675 positions and reducing 1,467 holdings. Its most notable exit was Merck, an estimated $375M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 14% a quarter earlier, followed by Technology and Financials.
Against the trend, Israel Englander opened a new position in Zimmer Biomet worth $232M.
- Israel Englander's largest Q1 2019 buy was Zimmer Biomet: 1,870,503 shares worth $232M.
- Israel Englander added most to Walt Disney in Q1 2019, an estimated $655M increase.
- Israel Englander's biggest Q1 2019 reduction was Apple, cutting an estimated $523M.
- Israel Englander fully exited Merck in Q1 2019, selling an estimated $375M.
- Israel Englander's ten largest holdings make up 7.1% of its $66.8B portfolio in Q1 2019.
- Israel Englander opened 914 new positions and closed 675 in Q1 2019.
- Israel Englander's portfolio value rose 4.2% quarter-over-quarter to $66.8B.
Based on Millennium Management's 13F filing for Q1 2019, filed 14 May 2019.