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 | |
|---|---|---|---|---|---|---|
351
Petrobras
PBR
$123B
| $49.1M | 0.07% |
3,086,332
-2,361,979
| -43% | -$37.5M |
|
352
B&G Foods
BGS
$281M
| $49M | 0.07% |
2,006,876
+1,996,487
| +19,217% | +$52.3M |
|
|
SYNH
353
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $48.9M | 0.07% |
944,879
+168,072
| +22% | +$8.15M |
|
354
LKQ Corp
LKQ
$6.52B
| $48.9M | 0.07% |
1,722,750
+460,102
| +36% | +$12.4M |
|
355
Healthcare Realty
HR
$6.65B
| $48.2M | 0.07% |
1,684,331
-354,670
| -17% | -$9.86M |
|
|
B
356
Barrick Mining
B
$78.3B
| $48M | 0.07% |
3,501,635
+454,417
| +15% | +$5.87M |
|
357
Dentsply Sirona
XRAY
$2.18B
| $47.9M | 0.07% |
965,627
-1,403,221
| -59% | -$61.8M |
|
358
Macy's
M
$6B
| $47.6M | 0.07% |
1,981,822
+1,865,778
| +1,608% | +$47.1M |
|
|
CERN
359
DELISTED
Cerner Corp
CERN
| $47.6M | 0.07% |
832,221
+85,476
| +11% | +$4.76M |
|
360
Packaging Corp of America
PKG
$22.5B
| $46.9M | 0.07% |
471,611
-553,351
| -54% | -$52.6M |
|
361
Kosmos Energy
KOS
$1.76B
| $46.9M | 0.07% |
7,520,146
+1,181,268
| +19% | +$6.55M |
|
362
DaVita
DVA
$11.1B
| $46.2M | 0.07% |
851,230
-41,920
| -5% | -$2.32M |
|
363
Kinder Morgan
KMI
$69B
| $46.2M | 0.07% |
2,309,224
-6,713,701
| -74% | -$125M |
|
364
W.W. Grainger
GWW
$61.8B
| $46.2M | 0.07% |
153,441
+147,151
| +2,339% | +$43.8M |
|
|
GAP
365
The Gap Inc
GAP
$7.13B
| $46.1M | 0.07% |
1,760,627
+1,743,273
| +10,045% | +$44.5M |
|
366
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $46M | 0.07% |
+808,600
| New | +$43.8M |
|
367
L3Harris
LHX
$49.7B
| $46M | 0.07% |
287,787
-15,073
| -5% | -$2.32M |
|
368
Evertec
EVTC
$1.79B
| $45.7M | 0.07% |
1,642,941
+961,506
| +141% | +$27.2M |
|
|
STMP
369
DELISTED
Stamps.com, Inc.
STMP
| $45.7M | 0.07% |
561,152
+558,452
| +20,683% | +$78.6M |
|
|
WBC
370
DELISTED
WABCO HOLDINGS INC.
WBC
| $45.7M | 0.07% |
346,479
+301,038
| +662% | +$37.1M |
|
|
371
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $45.5M | 0.07% |
+800,000
| New | +$43.4M |
|
372
Associated Banc-Corp
ASB
$5.82B
| $45.5M | 0.07% |
2,129,283
-749,920
| -26% | -$16.5M |
|
373
Amdocs
DOX
$6.41B
| $45.4M | 0.07% |
839,140
+666,365
| +386% | +$37.5M |
|
|
ADSW
374
DELISTED
Advanced Disposal Services Inc
ADSW
| $45.1M | 0.07% |
1,612,392
-412,417
| -20% | -$10.7M |
|
375
Coca-Cola
KO
$392B
| $45M | 0.07% |
960,307
+62,726
| +7% | +$2.93M |
|
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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.