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 | |
|---|---|---|---|---|---|---|
476
NVIDIA
NVDA
$5.2T
| $36.3M | 0.05% |
8,086,520
+5,681,160
| +236% | +$22M |
|
477
Yelp
YELP
$1.27B
| $36.3M | 0.05% |
1,051,824
+908,393
| +633% | +$32.8M |
|
478
Orion
OEC
$346M
| $36.3M | 0.05% |
1,910,722
+269,670
| +16% | +$6.77M |
|
479
Skyworks Solutions
SWKS
$10.1B
| $36.2M | 0.05% |
438,828
+425,501
| +3,193% | +$32.9M |
|
|
DFS
480
DELISTED
Discover Financial Services
DFS
| $36.1M | 0.05% |
506,905
-127,553
| -20% | -$8.73M |
|
481
AXIS Capital
AXS
$7.2B
| $35.6M | 0.05% |
650,119
+191,302
| +42% | +$10.6M |
|
482
Deckers Outdoor
DECK
$12.5B
| $35.6M | 0.05% |
1,453,482
+1,347,894
| +1,277% | +$30.6M |
|
483
Snap
SNAP
$8.86B
| $35.6M | 0.05% |
+3,230,279
| New | +$27.5M |
|
484
PUT
Costco
COST
$420B
| $35.5M | 0.05% |
146,500
-12,600
| -8% | -$2.76M |
|
485
Louisiana-Pacific
LPX
$5.12B
| $35.5M | 0.05% |
1,454,630
-1,239,123
| -46% | -$30.3M |
|
486
Reliance Steel & Aluminium
RS
$19.8B
| $35.3M | 0.05% |
391,331
-15,849
| -4% | -$1.32M |
|
487
PUT
Mondelez International
MDLZ
$82.3B
| $35.2M | 0.05% |
915,800
+563,000
| +160% | +$25.8M |
|
488
TJX Companies
TJX
$155B
| $35.1M | 0.05% |
659,580
+330,431
| +100% | +$16.5M |
|
489
Xcel Energy
XEL
$47.7B
| $35.1M | 0.05% |
623,892
-75,174
| -11% | -$4M |
|
|
TWTR
490
DELISTED
Twitter, Inc.
TWTR
| $35M | 0.05% |
1,065,840
-2,725,402
| -72% | -$86.4M |
|
491
American Electric Power
AEP
$65.8B
| $35M | 0.05% |
418,024
-231,924
| -36% | -$18.4M |
|
492
Teradyne
TER
$58.7B
| $34.9M | 0.05% |
875,723
-559,766
| -39% | -$20.9M |
|
|
DNKN
493
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $34.9M | 0.05% |
464,412
+342,942
| +282% | +$24M |
|
494
Aon
AON
$75.3B
| $34.8M | 0.05% |
204,085
+137,134
| +205% | +$22.2M |
|
495
Bread Financial
BFH
$4.07B
| $34.8M | 0.05% |
249,193
+195,286
| +362% | +$26.6M |
|
496
SL Green Realty
SLG
$4.07B
| $34.8M | 0.05% |
399,413
+157,296
| +65% | +$13.6M |
|
497
Canadian Natural Resources
CNQ
$106B
| $34.7M | 0.05% |
2,578,164
+21,925
| +0.9% | +$291K |
|
498
CALL
Cisco
CSCO
$438B
| $34.7M | 0.05% |
642,600
+293,700
| +84% | +$14.3M |
|
499
PUT
Visa
V
$693B
| $34.7M | 0.05% |
221,900
+84,000
| +61% | +$12.1M |
|
500
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $34.6M | 0.05% |
1,345,000
+1,194,600
| +794% | +$30.8M |
|
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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.