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 | |
|---|---|---|---|---|---|---|
|
ALE
801
DELISTED
Allete
ALE
| $19.7M | 0.03% |
239,180
+221,728
| +1,271% | +$17.5M |
|
|
GMHIU
802
DELISTED
Gores Metropoulos, Inc. Unit
GMHIU
| $19.7M | 0.03% |
+1,920,000
| New | +$19.5M |
|
|
LXFT
803
DELISTED
Luxoft Holding, Inc.
LXFT
| $19.5M | 0.03% |
332,939
+271,296
| +440% | +$15.4M |
|
804
CALL
Booking.com
BKNG
$160B
| $19.5M | 0.03% |
280,000
+222,500
| +387% | +$15.9M |
|
805
Banco Macro
BMA
$4.9B
| $19.5M | 0.03% |
426,946
+2,261
| +0.5% | +$116K |
|
806
PUT
Home Depot
HD
$336B
| $19.5M | 0.03% |
101,600
+71,600
| +239% | +$13.1M |
|
|
HZNP
807
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $19.5M | 0.03% |
737,629
-141,416
| -16% | -$3.35M |
|
808
PUT
Bristol-Myers Squibb
BMY
$137B
| $19.5M | 0.03% |
+408,500
| New | +$20.3M |
|
|
AZPN
809
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $19.4M | 0.03% |
186,327
-134,303
| -42% | -$14M |
|
810
LiveRamp
RAMP
$2.29B
| $19.4M | 0.03% |
355,694
-1,739,241
| -83% | -$86.2M |
|
811
Four Corners Property Trust
FCPT
$2.8B
| $19.4M | 0.03% |
655,424
+148,776
| +29% | +$4.12M |
|
812
PJT Partners
PJT
$4.51B
| $19.4M | 0.03% |
463,762
+291,512
| +169% | +$12.5M |
|
|
BBL
813
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $19.4M | 0.03% |
400,899
-673,029
| -63% | -$30.2M |
|
|
VRAY
814
DELISTED
ViewRay, Inc.
VRAY
| $19.3M | 0.03% |
2,612,496
-859,987
| -25% | -$6.63M |
|
815
Alkermes
ALKS
$8.2B
| $19.3M | 0.03% |
528,266
-393,139
| -43% | -$13M |
|
816
CALL
Texas Instruments
TXN
$236B
| $19.3M | 0.03% |
181,700
+170,700
| +1,552% | +$17.7M |
|
|
SWCH
817
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $19.3M | 0.03% |
1,868,383
-187,870
| -9% | -$1.63M |
|
818
Arrow Electronics
ARW
$10.3B
| $19.3M | 0.03% |
+249,920
| New | +$19.2M |
|
819
PUT
Novartis
NVS
$300B
| $19.2M | 0.03% |
+223,200
| New | +$17.9M |
|
820
Coca-Cola Femsa
KOF
$24.1B
| $19.2M | 0.03% |
290,620
+29,132
| +11% | +$1.83M |
|
|
AGR
821
DELISTED
Avangrid, Inc.
AGR
| $19.2M | 0.03% |
380,436
-3,189
| -0.8% | -$157K |
|
822
PUT
Charter Communications
CHTR
$17.9B
| $19.1M | 0.03% |
55,100
+1,700
| +3% | +$560K |
|
|
SUM
823
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $19.1M | 0.03% |
1,223,400
+882,301
| +259% | +$13.8M |
|
824
HSBC
HSBC
$357B
| $19.1M | 0.03% |
475,462
-230,337
| -33% | -$9.28M |
|
825
Fomento Económico Mexicano
FMX
$41.6B
| $19.1M | 0.03% |
206,611
-4,217
| -2% | -$385K |
|
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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.