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 | |
|---|---|---|---|---|---|---|
2901
Tejon Ranch
TRC
$437M
| $902K | ﹤0.01% |
51,251
+16,174
| +46% | +$298K |
|
2902
WEX
WEX
$6.81B
| $901K | ﹤0.01% |
4,691
-57,559
| -92% | -$9.73M |
|
2903
Worthington Enterprises
WOR
$2.8B
| $899K | ﹤0.01% |
+39,059
| New | +$894K |
|
2904
Neogen
NEOG
$2.54B
| $898K | ﹤0.01% |
31,310
-36,660
| -54% | -$1.11M |
|
2905
Tompkins Financial
TMP
$1.41B
| $898K | ﹤0.01% |
+11,807
| New | +$917K |
|
2906
The Greenbrier Companies
GBX
$1.43B
| $887K | ﹤0.01% |
27,515
+13,714
| +99% | +$546K |
|
2907
Brady Corp
BRC
$4.41B
| $886K | ﹤0.01% |
19,100
-413,597
| -96% | -$19M |
|
2908
Colgate-Palmolive
CL
$72.8B
| $886K | ﹤0.01% |
12,921
-584,726
| -98% | -$37.8M |
|
|
WIFI
2909
DELISTED
Boingo Wireless, Inc.
WIFI
| $882K | ﹤0.01% |
37,880
-675
| -2% | -$15.4K |
|
2910
CALL
Manchester United
MANU
$4.12B
| $880K | ﹤0.01% |
+45,800
| New | +$897K |
|
2911
James River Group Holdings
JRVR
$191M
| $879K | ﹤0.01% |
21,924
+10,712
| +96% | +$420K |
|
|
AFI
2912
DELISTED
Armstrong Flooring, Inc.
AFI
| $879K | ﹤0.01% |
+64,662
| New | +$883K |
|
|
CMO
2913
DELISTED
Capstead Mortgage Corp.
CMO
| $879K | ﹤0.01% |
102,278
-19,621
| -16% | -$154K |
|
2914
Cullen/Frost Bankers
CFR
$10.2B
| $877K | ﹤0.01% |
9,037
-9,329
| -51% | -$926K |
|
2915
CALL
IBM
IBM
$221B
| $875K | ﹤0.01% |
6,485
-14,121
| -69% | -$1.8M |
|
2916
Inspired Entertainment
INSE
$158M
| $875K | ﹤0.01% |
131,293
+6,758
| +5% | +$44.1K |
|
2917
Angi Inc
ANGI
$200M
| $874K | ﹤0.01% |
5,664
-61,112
| -92% | -$9.9M |
|
2918
Hormel Foods
HRL
$13.1B
| $873K | ﹤0.01% |
19,500
-95,554
| -83% | -$4.09M |
|
|
RVLP
2919
DELISTED
RVL Pharmaceuticals plc Ordinary Shares
RVLP
| $872K | ﹤0.01% |
242,115
-89,217
| -27% | -$657K |
|
|
EXAS
2920
CALL
DELISTED
Exact Sciences
EXAS
| $866K | ﹤0.01% |
10,000
+1,500
| +18% | +$128K |
|
2921
HF Foods Group
HFFG
$100M
| $866K | ﹤0.01% |
65,375
+12,328
| +23% | +$163K |
|
|
ENR.PRA
2922
DELISTED
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
| $866K | ﹤0.01% |
+8,900
| New | +$895K |
|
|
GRMN
2923
CALL
Garmin
GRMN
$55.6B
| $864K | ﹤0.01% |
+10,000
| New | +$753K |
|
|
STEX
2924
Streamex Corp
STEX
$88.2M
| $862K | ﹤0.01% |
14,038
-1,644
| -10% | -$83.3K |
|
2925
BlackRock Credit Allocation Income Trust
BTZ
$943M
| $862K | ﹤0.01% |
69,485
+57,145
| +463% | +$685K |
|
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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.