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 | |
|---|---|---|---|---|---|---|
2751
ATN International
ATNI
$473M
| $1.16M | ﹤0.01% |
20,498
+8,422
| +70% | +$558K |
|
2752
Live Oak Bancshares
LOB
$1.85B
| $1.16M | ﹤0.01% |
79,149
-210,090
| -73% | -$3.23M |
|
|
MTOR
2753
DELISTED
MERITOR, Inc.
MTOR
| $1.16M | ﹤0.01% |
56,790
-96,607
| -63% | -$1.97M |
|
|
GAP
2754
CALL
The Gap Inc
GAP
$7.25B
| $1.16M | ﹤0.01% |
+44,100
| New | +$1.13M |
|
2755
Natural Health Trends
NHTC
$15.1M
| $1.15M | ﹤0.01% |
+88,640
| New | +$1.32M |
|
|
CHGA
2756
Change Agents Corp
CHGA
$3.53M
| $1.15M | ﹤0.01% |
+1,414
| New | +$945K |
|
|
CLVS
2757
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.15M | ﹤0.01% |
46,124
+17,015
| +58% | +$427K |
|
2758
Tootsie Roll Industries
TR
$3.11B
| $1.14M | ﹤0.01% |
37,789
+3,500
| +10% | +$98.6K |
|
2759
Asbury Automotive
ABG
$3.87B
| $1.14M | ﹤0.01% |
16,390
-27,931
| -63% | -$1.95M |
|
|
ZAYO
2760
CALL
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $1.14M | ﹤0.01% |
+40,000
| New | +$1.06M |
|
2761
Clearway Energy Class C
CWEN
$6.67B
| $1.14M | ﹤0.01% |
+75,090
| New | +$1.13M |
|
2762
FerroAtlántica
GSM
$749M
| $1.13M | ﹤0.01% |
552,513
-585,895
| -51% | -$1.33M |
|
2763
Pixelworks
PXLW
$42.8M
| $1.13M | ﹤0.01% |
23,936
+11,844
| +98% | +$523K |
|
|
SMI
2764
DELISTED
Semiconductor Manufacturing Intl
SMI
| $1.13M | ﹤0.01% |
222,469
+130,974
| +143% | +$631K |
|
|
CNCE
2765
PUT
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $1.13M | ﹤0.01% |
+93,200
| New | +$1.37M |
|
2766
Ultralife
ULBI
$110M
| $1.12M | ﹤0.01% |
+109,414
| New | +$982K |
|
|
PRTK
2767
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $1.12M | ﹤0.01% |
+209,760
| New | +$1.35M |
|
2768
International Paper
IP
$21.7B
| $1.12M | ﹤0.01% |
25,639
-1,431,211
| -98% | -$62M |
|
|
AT
2769
DELISTED
Atlantic Power Corporation
AT
| $1.12M | ﹤0.01% |
+445,140
| New | +$1.14M |
|
|
PFNX
2770
DELISTED
Pfenex Inc.
PFNX
| $1.12M | ﹤0.01% |
181,595
+106,231
| +141% | +$465K |
|
2771
Ameris Bancorp
ABCB
$5.74B
| $1.12M | ﹤0.01% |
32,644
-270,486
| -89% | -$10.1M |
|
|
BT
2772
DELISTED
BT Group plc (ADR)
BT
| $1.12M | ﹤0.01% |
75,592
-12,607
| -14% | -$189K |
|
2773
Tilray
TLRY
$671M
| $1.12M | ﹤0.01% |
1,705
+865
| +103% | +$660K |
|
2774
PUT
Honeywell
HON
$68.4B
| $1.11M | ﹤0.01% |
+60,477
| New | +$8.45M |
|
|
OTRK
2775
DELISTED
Ontrak
OTRK
| $1.11M | ﹤0.01% |
+1,009
| New | +$1.02M |
|
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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.