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 | |
|---|---|---|---|---|---|---|
651
TransUnion
TRU
$16.2B
| $25.6M | 0.04% |
+382,953
| New | +$23.7M |
|
652
Pentair
PNR
$10.3B
| $25.6M | 0.04% |
574,651
+529,565
| +1,175% | +$22.1M |
|
653
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $25.6M | 0.04% |
+994,791
| New | +$25.7M |
|
|
CY
654
DELISTED
Cypress Semiconductor
CY
| $25.6M | 0.04% |
1,713,184
-1,152,131
| -40% | -$16.7M |
|
655
Goldman Sachs
GS
$303B
| $25.6M | 0.04% |
133,115
-333,956
| -72% | -$64.4M |
|
656
Cushman & Wakefield Ltd
CWK
$3.48B
| $25.5M | 0.04% |
1,432,300
+519,140
| +57% | +$8.95M |
|
657
Biogen
BIIB
$32B
| $25.5M | 0.04% |
107,758
+30,916
| +40% | +$9.74M |
|
658
Post Holdings
POST
$3.65B
| $25.5M | 0.04% |
355,656
-5,334
| -1% | -$349K |
|
659
Merit Medical Systems
MMSI
$5.42B
| $25.4M | 0.04% |
411,474
+291,196
| +242% | +$16.5M |
|
660
Simply Good Foods
SMPL
$962M
| $25.4M | 0.04% |
1,234,822
+358,818
| +41% | +$7.17M |
|
661
Sabre
SABR
$848M
| $25.4M | 0.04% |
1,186,144
+194,024
| +20% | +$4.31M |
|
|
662
Alphabet (Google) Class C
GOOG
$4.18T
| $25.4M | 0.04% |
432,200
-5,518,880
| -93% | -$310M |
|
663
CALL
Abbott
ABT
$202B
| $25.3M | 0.04% |
316,600
+266,600
| +533% | +$19.8M |
|
664
YPF Sociedad Anonima ADS
YPF
$20.1B
| $25.2M | 0.04% |
1,801,689
+858,112
| +91% | +$12.6M |
|
665
Arista Networks
ANET
$238B
| $25.2M | 0.04% |
1,283,504
-1,780,064
| -58% | -$28.2M |
|
666
Salesforce
CRM
$171B
| $25.2M | 0.04% |
159,017
-289,777
| -65% | -$44.9M |
|
667
PUT
Boeing
BA
$169B
| $25.2M | 0.04% |
66,000
+57,500
| +676% | +$22.1M |
|
|
ZAYO
668
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $25.2M | 0.04% |
885,209
-1,268,808
| -59% | -$33.7M |
|
669
CF Industries
CF
$19.6B
| $25.1M | 0.04% |
615,026
-1,783,892
| -74% | -$75.7M |
|
|
SFLY
670
DELISTED
Shutterfly, Inc.
SFLY
| $25M | 0.04% |
616,001
+285,074
| +86% | +$12.5M |
|
671
MasTec
MTZ
$21.4B
| $25M | 0.04% |
520,333
+502,133
| +2,759% | +$22.6M |
|
|
SPLK
672
DELISTED
Splunk Inc
SPLK
| $24.9M | 0.04% |
199,600
+111,332
| +126% | +$13.9M |
|
673
CubeSmart
CUBE
$9.21B
| $24.8M | 0.04% |
775,291
-1,865,189
| -71% | -$56.7M |
|
674
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.86B
| $24.8M | 0.04% |
201,300
+75,500
| +60% | +$9.09M |
|
|
FIT
675
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $24.5M | 0.04% |
4,146,131
-1,621,892
| -28% | -$9.85M |
|
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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.