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 | |
|---|---|---|---|---|---|---|
|
FTSI
626
DELISTED
FTS International, Inc. Common Stock
FTSI
| $26.9M | 0.04% |
134,330
-40,840
| -23% | -$7.31M |
|
627
BorgWarner
BWA
$13.8B
| $26.6M | 0.04% |
788,034
+124,704
| +19% | +$4.31M |
|
628
Dolby
DLB
$6.11B
| $26.6M | 0.04% |
422,734
+62,509
| +17% | +$3.99M |
|
629
Global Payments
GPN
$24.7B
| $26.6M | 0.04% |
+194,568
| New | +$23.6M |
|
630
Park Hotels & Resorts
PK
$3.18B
| $26.6M | 0.04% |
854,338
+538,478
| +170% | +$16.1M |
|
631
Martin Marietta Materials
MLM
$32.1B
| $26.4M | 0.04% |
131,448
+117,022
| +811% | +$21.8M |
|
632
Synopsys
SNPS
$76.2B
| $26.4M | 0.04% |
229,294
-294,919
| -56% | -$29.2M |
|
633
Ingersoll Rand
IR
$31.2B
| $26.4M | 0.04% |
949,079
-429,987
| -31% | -$10.8M |
|
634
PUT
Halliburton
HAL
$29.4B
| $26.3M | 0.04% |
898,200
-402,700
| -31% | -$12.2M |
|
635
PUT
Johnson & Johnson
JNJ
$651B
| $26.3M | 0.04% |
188,700
+168,700
| +844% | +$22.6M |
|
636
Helmerich & Payne
HP
$4.35B
| $26.3M | 0.04% |
472,456
-1,850,467
| -80% | -$101M |
|
|
SF
637
Stifel
SF
$12.2B
| $26.2M | 0.04% |
1,117,294
-249,772
| -18% | -$5.66M |
|
638
Banco Bradesco
BBD
$33.9B
| $26.2M | 0.04% |
3,834,695
+1,398,465
| +57% | +$10.1M |
|
639
NNN REIT
NNN
$8.8B
| $26.2M | 0.04% |
472,541
-96,063
| -17% | -$4.98M |
|
640
Arthur J. Gallagher & Co
AJG
$67.6B
| $26.2M | 0.04% |
334,907
+327,143
| +4,214% | +$25.2M |
|
641
Banner Corp
BANR
$2.42B
| $26.1M | 0.04% |
482,250
+220,138
| +84% | +$12.5M |
|
642
CALL
Smith & Nephew
SNN
$12.2B
| $26.1M | 0.04% |
+650,000
| New | +$25M |
|
643
Cleveland-Cliffs
CLF
$6.43B
| $26M | 0.04% |
2,600,055
+2,577,297
| +11,325% | +$25.8M |
|
644
Gold Fields
GFI
$42.8B
| $25.8M | 0.04% |
6,920,885
+1,604,788
| +30% | +$6.2M |
|
645
PUT
Wabtec
WAB
$50.3B
| $25.8M | 0.04% |
350,000
-350,000
| -50% | -$25.2M |
|
646
Woodward
WWD
$20.3B
| $25.8M | 0.04% |
+271,795
| New | +$24M |
|
647
Prologis
PLD
$135B
| $25.8M | 0.04% |
357,923
+87,653
| +32% | +$5.98M |
|
648
CALL
Comcast
CMCSA
$95.3B
| $25.7M | 0.04% |
643,800
+517,300
| +409% | +$19.5M |
|
|
JWN
649
DELISTED
Nordstrom
JWN
| $25.7M | 0.04% |
578,875
-771,785
| -57% | -$35.2M |
|
650
PUT
iShares MSCI Brazil ETF
EWZ
$8.04B
| $25.7M | 0.04% |
626,000
-250,000
| -29% | -$10.7M |
|
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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.