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 | |
|---|---|---|---|---|---|---|
76
Mondelez International
MDLZ
$82.3B
| $136M | 0.2% |
2,722,148
+2,445,171
| +883% | +$112M |
|
77
PUT
NVIDIA
NVDA
$5.2T
| $135M | 0.2% |
30,056,000
+24,636,000
| +455% | +$95.6M |
|
78
Tyson Foods
TSN
$20.6B
| $135M | 0.2% |
1,943,257
-1,199,812
| -38% | -$74.3M |
|
79
CALL
Microsoft
MSFT
$3.59T
| $135M | 0.2% |
1,142,800
+807,500
| +241% | +$88.1M |
|
80
Delta Air Lines
DAL
$54.2B
| $135M | 0.2% |
2,604,463
+954,481
| +58% | +$47.3M |
|
81
CenterPoint Energy
CNP
$25.5B
| $134M | 0.2% |
4,377,879
-4,214,668
| -49% | -$127M |
|
82
Entergy
ETR
$48.8B
| $132M | 0.2% |
2,763,936
-795,068
| -22% | -$35.9M |
|
83
CSX Corp
CSX
$95.6B
| $132M | 0.2% |
5,286,837
-7,005,030
| -57% | -$162M |
|
84
Raymond James Financial
RJF
$33.7B
| $131M | 0.2% |
2,446,307
+1,986,342
| +432% | +$106M |
|
85
Walmart Inc
WMT
$825B
| $130M | 0.19% |
3,988,626
+3,876,687
| +3,463% | +$126M |
|
86
Palo Alto Networks
PANW
$292B
| $130M | 0.19% |
3,201,552
-449,172
| -12% | -$16.7M |
|
87
CALL
Meta Platforms (Facebook)
META
$1.4T
| $130M | 0.19% |
777,300
+488,300
| +169% | +$77.7M |
|
88
Labcorp
LH
$27.3B
| $129M | 0.19% |
982,960
+904,998
| +1,161% | +$111M |
|
89
Bio-Rad Laboratories Class A
BIO
$10.2B
| $129M | 0.19% |
420,874
+22,546
| +6% | +$6.08M |
|
90
Bankunited
BKU
$3.3B
| $128M | 0.19% |
3,844,590
+570,004
| +17% | +$19.6M |
|
91
VF Corp
VFC
$5.65B
| $128M | 0.19% |
1,564,725
+1,475,910
| +1,662% | +$115M |
|
92
Adobe
ADBE
$109B
| $127M | 0.19% |
476,426
+236,586
| +99% | +$59.6M |
|
93
Qualcomm
QCOM
$169B
| $126M | 0.19% |
2,209,141
-4,848,504
| -69% | -$262M |
|
94
Morgan Stanley
MS
$336B
| $126M | 0.19% |
2,977,670
-555,497
| -16% | -$23.4M |
|
|
SEE
95
DELISTED
Sealed Air
SEE
| $125M | 0.19% |
2,718,634
-1,451,849
| -35% | -$60.3M |
|
96
Autodesk
ADSK
$53.6B
| $125M | 0.19% |
801,174
+477,770
| +148% | +$71.4M |
|
|
FITB
97
Fifth Third Bancorp
FITB
$49.7B
| $124M | 0.19% |
4,926,243
+4,820,292
| +4,550% | +$128M |
|
98
Norfolk Southern
NSC
$78.8B
| $124M | 0.19% |
664,640
+411,484
| +163% | +$71.2M |
|
|
SNV
99
DELISTED
Synovus
SNV
| $124M | 0.19% |
3,614,411
+522,412
| +17% | +$19.2M |
|
|
100
CALL
Apple
AAPL
$4.51T
| $124M | 0.19% |
2,605,200
+804,000
| +45% | +$34.1M |
|
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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.