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 | |
|---|---|---|---|---|---|---|
|
RPAI
926
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $16.3M | 0.02% |
1,335,087
+489,456
| +58% | +$5.96M |
|
927
Mercury Insurance
MCY
$5.8B
| $16.3M | 0.02% |
324,710
+37,243
| +13% | +$1.93M |
|
928
PUT
Ionis Pharmaceuticals
IONS
$10.6B
| $16.2M | 0.02% |
+200,000
| New | +$12.9M |
|
|
MIC
929
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $16.2M | 0.02% |
393,487
-443,750
| -53% | -$18.2M |
|
|
WBA
930
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $16.2M | 0.02% |
255,300
-105,600
| -29% | -$7.21M |
|
931
VEON
VEON
$4.24B
| $16.1M | 0.02% |
309,050
+257,114
| +495% | +$16M |
|
|
AAWW
932
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $16.1M | 0.02% |
318,492
+10,011
| +3% | +$507K |
|
933
Supernus Pharmaceuticals
SUPN
$2.62B
| $16.1M | 0.02% |
459,308
+179,305
| +64% | +$6.67M |
|
934
CVR Energy
CVI
$3.78B
| $16M | 0.02% |
388,846
-524,287
| -57% | -$20.9M |
|
|
RCM
935
DELISTED
R1 RCM Inc. Common Stock
RCM
| $16M | 0.02% |
1,656,046
-312,424
| -16% | -$2.83M |
|
936
CoreCivic
CXW
$3.28B
| $16M | 0.02% |
822,682
-233,169
| -22% | -$4.6M |
|
937
Marvell Technology
MRVL
$218B
| $16M | 0.02% |
804,127
+614,449
| +324% | +$11.5M |
|
938
Hubbell
HUBB
$24.6B
| $16M | 0.02% |
135,534
-371,881
| -73% | -$42.1M |
|
|
TBRG
939
DELISTED
TruBridge
TBRG
| $16M | 0.02% |
538,526
+145,239
| +37% | +$4.2M |
|
940
Toll Brothers
TOL
$13.8B
| $16M | 0.02% |
441,667
-1,099,635
| -71% | -$39.5M |
|
|
PACW
941
DELISTED
PacWest Bancorp
PACW
| $15.9M | 0.02% |
423,456
+47,299
| +13% | +$1.83M |
|
|
GOL
942
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $15.9M | 0.02% |
1,218,773
+747,238
| +158% | +$10.4M |
|
|
CIVI
943
DELISTED
Civitas Resources
CIVI
| $15.9M | 0.02% |
700,442
-479,295
| -41% | -$11M |
|
944
Karyopharm Therapeutics
KPTI
$44.2M
| $15.9M | 0.02% |
181,314
+151,474
| +508% | +$16.8M |
|
945
Conagra Brands
CAG
$7.76B
| $15.8M | 0.02% |
570,413
-1,420,285
| -71% | -$32.6M |
|
946
Darling Ingredients
DAR
$9.9B
| $15.7M | 0.02% |
727,200
+251,980
| +53% | +$5.32M |
|
|
EPAY
947
DELISTED
Bottomline Technologies Inc
EPAY
| $15.7M | 0.02% |
313,403
+258,632
| +472% | +$12.5M |
|
948
Fluor
FLR
$6.87B
| $15.7M | 0.02% |
426,408
+220,405
| +107% | +$8.06M |
|
949
Liberty Energy
LBRT
$3.05B
| $15.7M | 0.02% |
1,019,471
-468,085
| -31% | -$7.17M |
|
|
FLG
950
Flagstar Bank National Association
FLG
$5.54B
| $15.7M | 0.02% |
451,927
-149,125
| -25% | -$5.13M |
|
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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.