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 | |
|---|---|---|---|---|---|---|
276
iRhythm Holdings
IRTC
$4.24B
| $61.6M | 0.09% |
821,692
-155,577
| -16% | -$13.3M |
|
277
CALL
Biogen
BIIB
$32B
| $61.2M | 0.09% |
259,100
+130,000
| +101% | +$40.9M |
|
278
Wendy's
WEN
$1.72B
| $61.1M | 0.09% |
3,416,422
-1,048,138
| -23% | -$17.8M |
|
279
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $60.9M | 0.09% |
1,644,600
+618,800
| +60% | +$21.2M |
|
280
Duke Energy
DUK
$93.4B
| $60.2M | 0.09% |
+669,061
| New | +$59M |
|
281
CALL
Gilead Sciences
GILD
$181B
| $59.9M | 0.09% |
921,100
+901,100
| +4,506% | +$59.9M |
|
|
TRCO
282
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $59.5M | 0.09% |
1,289,855
-621,167
| -33% | -$28.6M |
|
283
iShares MSCI China ETF
MCHI
$6.3B
| $59.3M | 0.09% |
+950,333
| New | +$56.1M |
|
284
PUT
Cisco
CSCO
$438B
| $59.3M | 0.09% |
1,098,700
+303,400
| +38% | +$14.7M |
|
285
The Mosaic Company
MOS
$7.76B
| $59.3M | 0.09% |
2,170,608
-1,573,641
| -42% | -$48M |
|
|
RDS.B
286
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $58.9M | 0.09% |
921,778
+536,910
| +140% | +$33.9M |
|
287
Cactus
WHD
$5.57B
| $58.7M | 0.09% |
1,649,162
-40,965
| -2% | -$1.4M |
|
288
Bank of America
BAC
$431B
| $58.3M | 0.09% |
2,113,840
-5,855,467
| -73% | -$165M |
|
|
MRO
289
DELISTED
Marathon Oil Corporation
MRO
| $58.2M | 0.09% |
3,483,050
-8,305,316
| -70% | -$136M |
|
290
Quanta Services
PWR
$96.1B
| $58M | 0.09% |
1,538,086
-1,439,409
| -48% | -$50.3M |
|
|
LTXB
291
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $58M | 0.09% |
1,551,110
+577,535
| +59% | +$22.6M |
|
|
PPLI
292
People Inc
PPLI
$2.86B
| $57.9M | 0.09% |
1,540,975
-2,257,937
| -59% | -$83.5M |
|
293
Atmos Energy
ATO
$28.2B
| $57.8M | 0.09% |
561,328
+336,150
| +149% | +$32.8M |
|
|
ZEN
294
DELISTED
ZENDESK INC
ZEN
| $57.8M | 0.09% |
679,615
-49,503
| -7% | -$3.63M |
|
295
Under Armour
UAA
$2.32B
| $57.7M | 0.09% |
2,729,023
+1,300,950
| +91% | +$27.3M |
|
|
STOR
296
DELISTED
STORE Capital Corporation
STOR
| $57.6M | 0.09% |
1,720,386
-1,886,431
| -52% | -$59.5M |
|
297
Pinnacle West Capital
PNW
$11.8B
| $57.4M | 0.09% |
600,711
-292,089
| -33% | -$26.4M |
|
298
Dover
DOV
$27.2B
| $57.4M | 0.09% |
611,969
+357,393
| +140% | +$30.9M |
|
|
CELG
299
PUT
DELISTED
Celgene Corp
CELG
| $57.4M | 0.09% |
+608,000
| New | +$53.2M |
|
300
Caterpillar
CAT
$381B
| $57.3M | 0.09% |
423,085
+179,968
| +74% | +$23.9M |
|
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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.