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 | |
|---|---|---|---|---|---|---|
|
WRK
326
DELISTED
WestRock Company
WRK
| $52.7M | 0.08% |
1,374,131
-759,943
| -36% | -$29.7M |
|
|
CHK
327
DELISTED
Chesapeake Energy Corporation
CHK
| $52.7M | 0.08% |
84,950
+32,857
| +63% | +$18.4M |
|
328
Phillips 66
PSX
$96.9B
| $52.7M | 0.08% |
553,405
-1,588,040
| -74% | -$151M |
|
329
Target
TGT
$75.1B
| $52.5M | 0.08% |
654,035
+313,571
| +92% | +$22.9M |
|
|
STL
330
DELISTED
Sterling Bancorp
STL
| $52.3M | 0.08% |
2,806,649
+416,856
| +17% | +$7.97M |
|
|
DRE
331
DELISTED
Duke Realty Corp.
DRE
| $52.2M | 0.08% |
1,706,483
-656,631
| -28% | -$19.2M |
|
332
Range Resources
RRC
$9.59B
| $52.2M | 0.08% |
4,640,272
+675,793
| +17% | +$7.33M |
|
333
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $52.1M | 0.08% |
1,213,853
+927,049
| +323% | +$39M |
|
|
BERY
334
DELISTED
Berry Global Group, Inc.
BERY
| $51.9M | 0.08% |
1,049,613
-769,186
| -42% | -$36.5M |
|
335
Ford
F
$57.5B
| $51.6M | 0.08% |
5,872,512
+2,613,340
| +80% | +$22.4M |
|
336
PBF Energy
PBF
$8.72B
| $51.5M | 0.08% |
1,653,807
+1,045,461
| +172% | +$35.1M |
|
337
Dell
DELL
$286B
| $51.5M | 0.08% |
1,729,743
-431,473
| -20% | -$11.4M |
|
338
Aramark
ARMK
$15.8B
| $51.4M | 0.08% |
2,407,443
-1,147,504
| -32% | -$25.7M |
|
339
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $51.2M | 0.08% |
1,760,800
+1,246,600
| +242% | +$34.7M |
|
340
KBR
KBR
$4.86B
| $51.2M | 0.08% |
2,679,900
+1,205,393
| +82% | +$21.8M |
|
341
Genpact
G
$6.24B
| $50.9M | 0.08% |
1,448,175
+861,624
| +147% | +$27.2M |
|
342
Robert Half
RHI
$4.58B
| $50.9M | 0.08% |
780,963
-711,234
| -48% | -$45.1M |
|
343
Hartford Financial Services
HIG
$36.9B
| $50.9M | 0.08% |
1,023,030
-1,575,103
| -61% | -$74.8M |
|
344
Viper Energy
VNOM
$16.3B
| $50.5M | 0.08% |
1,523,179
+960,637
| +171% | +$30.8M |
|
345
Alexandria Real Estate Equities
ARE
$9.21B
| $50.2M | 0.08% |
351,994
+145,080
| +70% | +$19.1M |
|
346
CoStar Group
CSGP
$13.1B
| $50.1M | 0.08% |
1,074,730
+810,910
| +307% | +$33.5M |
|
347
Columbia Sportswear
COLM
$3.09B
| $50M | 0.07% |
480,240
+384,654
| +402% | +$37.1M |
|
348
Freeport-McMoran
FCX
$110B
| $49.5M | 0.07% |
3,836,465
-936,559
| -20% | -$11.3M |
|
349
Neurocrine Biosciences
NBIX
$15.5B
| $49.3M | 0.07% |
559,948
+539,208
| +2,600% | +$45.1M |
|
350
Wyndham Hotels & Resorts
WH
$5.54B
| $49.2M | 0.07% |
983,791
-430,397
| -30% | -$21.8M |
|
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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.