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 | |
|---|---|---|---|---|---|---|
676
Equity Lifestyle Properties
ELS
$12.7B
| $24.5M | 0.04% |
429,062
+63,036
| +17% | +$3.37M |
|
|
BIG
677
DELISTED
Big Lots, Inc.
BIG
| $24.5M | 0.04% |
644,762
+252,188
| +64% | +$8.23M |
|
678
Viavi Solutions
VIAV
$9.14B
| $24.4M | 0.04% |
1,973,795
+896,427
| +83% | +$10.5M |
|
679
Fidelity National Financial
FNF
$12.7B
| $24.4M | 0.04% |
694,713
+649,849
| +1,448% | +$21.8M |
|
680
PUT
Morgan Stanley
MS
$335B
| $24.4M | 0.04% |
+578,300
| New | +$24.3M |
|
681
Douglas Emmett
DEI
$1.99B
| $24.4M | 0.04% |
603,071
-202,558
| -25% | -$7.7M |
|
682
Forum Energy Technologies
FET
$858M
| $24.4M | 0.04% |
238,290
+54,386
| +30% | +$5.99M |
|
|
TWO
683
Two Harbors Investment
TWO
$1.28B
| $24.3M | 0.04% |
449,863
+382,912
| +572% | +$21.4M |
|
684
PUT
Monster Beverage
MNST
$95.8B
| $24.3M | 0.04% |
+1,778,400
| New | +$25.3M |
|
685
Cooper Companies
COO
$14.8B
| $24.2M | 0.04% |
326,576
-24,472
| -7% | -$1.71M |
|
686
Portland General Electric
POR
$5.83B
| $24.1M | 0.04% |
465,603
+55,271
| +13% | +$2.7M |
|
687
Inspire Medical Systems
INSP
$1.77B
| $24.1M | 0.04% |
423,955
+150,876
| +55% | +$8.15M |
|
|
CLDR
688
DELISTED
Cloudera, Inc.
CLDR
| $24.1M | 0.04% |
2,198,454
+692,369
| +46% | +$8.9M |
|
|
CSOD
689
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $24M | 0.04% |
438,792
+375,221
| +590% | +$20.7M |
|
690
Melco Resorts & Entertainment
MLCO
$2.08B
| $24M | 0.04% |
1,063,022
+905,432
| +575% | +$19.7M |
|
691
Invesco QQQ Trust
QQQ
$483B
| $24M | 0.04% |
133,603
+97,474
| +270% | +$16.5M |
|
692
Tenable Holdings
TENB
$3.7B
| $24M | 0.04% |
758,020
+668,089
| +743% | +$18.9M |
|
693
Insperity
NSP
$2B
| $23.9M | 0.04% |
193,375
+17,464
| +10% | +$1.99M |
|
694
Golar LNG
GLNG
$5.27B
| $23.9M | 0.04% |
1,132,882
+2,399
| +0.2% | +$52.9K |
|
|
UFS
695
DELISTED
DOMTAR CORPORATION (New)
UFS
| $23.9M | 0.04% |
481,215
+230,171
| +92% | +$10.9M |
|
696
Match Group
MTCH
$9.51B
| $23.8M | 0.04% |
420,873
-84,534
| -17% | -$4.47M |
|
|
MIME
697
DELISTED
Mimecast Limited
MIME
| $23.8M | 0.04% |
503,102
+359,882
| +251% | +$15.1M |
|
|
EMBJ
698
Embraer S.A. ADS
EMBJ
$13.5B
| $23.8M | 0.04% |
1,251,457
+988,766
| +376% | +$20.6M |
|
699
Reinsurance Group of America
RGA
$16B
| $23.8M | 0.04% |
167,493
+33,671
| +25% | +$4.85M |
|
700
PUT
Danaher
DHR
$152B
| $23.8M | 0.04% |
+203,040
| New | +$20.8M |
|
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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.