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 | |
|---|---|---|---|---|---|---|
876
PUT
iShares MSCI India ETF
INDA
$6.59B
| $17.6M | 0.03% |
+500,000
| New | +$16.6M |
|
|
877
PUT
Walt Disney
DIS
$191B
| $17.6M | 0.03% |
158,400
+138,900
| +712% | +$15.5M |
|
878
Semtech
SMTC
$11.3B
| $17.6M | 0.03% |
345,450
-164,353
| -32% | -$8.49M |
|
879
Werner Enterprises
WERN
$2.26B
| $17.5M | 0.03% |
513,808
-150,405
| -23% | -$5.01M |
|
880
Northern Oil and Gas
NOG
$2.86B
| $17.5M | 0.03% |
639,829
-472,574
| -42% | -$11.8M |
|
881
nVent Electric
NVT
$24.8B
| $17.5M | 0.03% |
649,314
+20,042
| +3% | +$514K |
|
|
CALY
882
Callaway Golf Company
CALY
$2.82B
| $17.5M | 0.03% |
1,098,990
+542,702
| +98% | +$8.93M |
|
|
BKI
883
DELISTED
Black Knight, Inc. Common Stock
BKI
| $17.5M | 0.03% |
320,692
-214,300
| -40% | -$10.8M |
|
|
BFYT
884
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $17.4M | 0.03% |
649,188
+230,293
| +55% | +$8.16M |
|
885
Pegasystems
PEGA
$5.64B
| $17.4M | 0.03% |
535,574
+122,790
| +30% | +$3.62M |
|
|
FTCH
886
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $17.4M | 0.03% |
646,132
+564,794
| +694% | +$12.7M |
|
887
Baidu
BIDU
$31.3B
| $17.4M | 0.03% |
105,301
-104,728
| -50% | -$17.5M |
|
888
Healthcare Services Group
HCSG
$1.56B
| $17.3M | 0.03% |
525,462
+465,845
| +781% | +$17.8M |
|
889
Hewlett Packard
HPE
$69.4B
| $17.3M | 0.03% |
1,122,758
-3,206,691
| -74% | -$49.4M |
|
890
Arrowhead Research
ARWR
$12.3B
| $17.3M | 0.03% |
943,835
+836,894
| +783% | +$13.8M |
|
|
NVO
891
CALL
Novo Nordisk
NVO
$207B
| $17.3M | 0.03% |
661,800
-338,200
| -34% | -$8.31M |
|
|
CJ
892
DELISTED
C&J Energy Services, Inc.
CJ
| $17.3M | 0.03% |
1,112,598
-61,203
| -5% | -$987K |
|
893
G-III Apparel Group
GIII
$1.43B
| $17.2M | 0.03% |
430,635
+283,145
| +192% | +$9.84M |
|
894
MGIC Investment
MTG
$6.38B
| $17.2M | 0.03% |
1,303,837
-96,977
| -7% | -$1.21M |
|
895
BHP
BHP
$247B
| $17.2M | 0.03% |
352,190
-1,710,230
| -83% | -$78M |
|
896
Albany International
AIN
$1.66B
| $17.1M | 0.03% |
239,518
-5,834
| -2% | -$416K |
|
897
Wingstop
WING
$3.18B
| $17.1M | 0.03% |
224,884
+33,795
| +18% | +$2.3M |
|
898
CALL
Stellantis
STLA
$19.7B
| $17.1M | 0.03% |
+1,150,000
| New | +$17.7M |
|
899
CALL
State Street SPDR S&P Retail ETF
XRT
$329M
| $17.1M | 0.03% |
+378,900
| New | +$16.8M |
|
900
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $17M | 0.03% |
196,986
-455,144
| -70% | -$38.6M |
|
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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.