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 | |
|---|---|---|---|---|---|---|
|
SPAQ.U
501
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
| $34.5M | 0.05% |
3,399,000
| – | – |
|
502
Prosperity Bancshares
PB
$8.75B
| $34.4M | 0.05% |
497,497
+358,451
| +258% | +$25.6M |
|
503
First Hawaiian
FHB
$3.2B
| $34.3M | 0.05% |
1,316,837
+123,674
| +10% | +$3.2M |
|
504
Extra Space Storage
EXR
$31B
| $34.3M | 0.05% |
336,219
-222,973
| -40% | -$21.4M |
|
505
DTE Energy
DTE
$28.1B
| $34.3M | 0.05% |
322,745
+162,728
| +102% | +$16.4M |
|
|
QEP
506
DELISTED
QEP RESOURCES, INC.
QEP
| $34.2M | 0.05% |
4,388,991
+3,179,561
| +263% | +$25.4M |
|
507
Bloomin' Brands
BLMN
$996M
| $34.2M | 0.05% |
1,671,720
-1,747,879
| -51% | -$34.8M |
|
508
Thomson Reuters
TRI
$45.7B
| $34.1M | 0.05% |
546,140
+528,359
| +2,971% | +$29.5M |
|
509
Americold
COLD
$4.35B
| $34.1M | 0.05% |
1,116,376
+295,019
| +36% | +$8.48M |
|
510
Radian Group
RDN
$4.84B
| $34M | 0.05% |
1,639,321
+500,809
| +44% | +$9.72M |
|
511
Patterson-UTI
PTEN
$4.71B
| $33.8M | 0.05% |
2,408,842
-1,014,196
| -30% | -$13.3M |
|
512
Danaher
DHR
$154B
| $33.7M | 0.05% |
+288,339
| New | +$29.6M |
|
|
CCC.U
513
DELISTED
Churchill Capital Corp
CCC.U
| $33.7M | 0.05% |
2,200,000
-550,000
| -20% | -$6.5M |
|
514
CALL
VanEck Gold Miners ETF
GDX
$32B
| $33.6M | 0.05% |
1,500,000
+500,000
| +50% | +$11M |
|
|
SPR
515
DELISTED
Spirit AeroSystems
SPR
| $33.6M | 0.05% |
367,209
-344,508
| -48% | -$30.4M |
|
516
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $33.6M | 0.05% |
+1,307,000
| New | +$33.7M |
|
517
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $33.5M | 0.05% |
+369,600
| New | +$31.4M |
|
518
AbbVie
ABBV
$468B
| $33.4M | 0.05% |
+414,823
| New | +$33.9M |
|
519
CALL
Targa Resources
TRGP
$64.1B
| $33.2M | 0.05% |
799,100
-50,800
| -6% | -$2.13M |
|
520
Incyte
INCY
$25.9B
| $33.1M | 0.05% |
385,022
-564,787
| -59% | -$46M |
|
|
LTHM
521
DELISTED
Livent Corporation
LTHM
| $33.1M | 0.05% |
+2,695,913
| New | +$35.1M |
|
522
AnaptysBio
ANAB
$1.71B
| $33.1M | 0.05% |
452,964
+194,340
| +75% | +$13.4M |
|
523
C.H. Robinson
CHRW
$16.5B
| $32.9M | 0.05% |
378,668
-324,111
| -46% | -$28.5M |
|
524
Magna International
MGA
$19.5B
| $32.9M | 0.05% |
+675,239
| New | +$34.1M |
|
|
WCN
525
Waste Connections
WCN
$42.6B
| $32.7M | 0.05% |
368,860
-224,756
| -38% | -$18.5M |
|
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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.