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 | |
|---|---|---|---|---|---|---|
976
Euronet Worldwide
EEFT
$2.63B
| $15M | 0.02% |
104,884
-54,038
| -34% | -$6.74M |
|
|
CADE
977
DELISTED
Cadence Bank
CADE
| $14.9M | 0.02% |
+529,376
| New | +$15.7M |
|
|
EE
978
DELISTED
El Paso Electric Company
EE
| $14.9M | 0.02% |
253,978
-223,711
| -47% | -$12.1M |
|
979
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.67B
| $14.9M | 0.02% |
138,297
-391,050
| -74% | -$41.4M |
|
|
IBKC
980
DELISTED
IBERIABANK Corp
IBKC
| $14.9M | 0.02% |
207,863
-385,602
| -65% | -$28.6M |
|
981
Rexford Industrial Realty
REXR
$8.4B
| $14.9M | 0.02% |
416,174
+116,742
| +39% | +$3.93M |
|
982
Republic Services
RSG
$68.3B
| $14.9M | 0.02% |
185,408
-20,663
| -10% | -$1.59M |
|
983
Enanta Pharmaceuticals
ENTA
$411M
| $14.9M | 0.02% |
155,970
+135,325
| +655% | +$12.1M |
|
984
First Bancorp
FBNC
$2.7B
| $14.8M | 0.02% |
427,125
+162,914
| +62% | +$5.97M |
|
|
ECHO
985
EchoStar
ECHO
$24.8B
| $14.8M | 0.02% |
502,595
-519,343
| -51% | -$16.4M |
|
|
TMQ
986
Trilogy Metals
TMQ
$650M
| $14.8M | 0.02% |
6,025,278
+129,335
| +2% | +$284K |
|
987
Chegg
CHGG
$88.9M
| $14.8M | 0.02% |
388,347
+332,058
| +590% | +$12.1M |
|
988
CALL
iShares MSCI Mexico ETF
EWW
$1.79B
| $14.8M | 0.02% |
339,500
+249,500
| +277% | +$11M |
|
989
GoPro
GPRO
$111M
| $14.7M | 0.02% |
2,266,955
+1,566,109
| +223% | +$8.76M |
|
990
Insulet
PODD
$10.1B
| $14.7M | 0.02% |
+154,924
| New | +$13.3M |
|
991
Telus
TU
$15.5B
| $14.7M | 0.02% |
795,066
+87,972
| +12% | +$1.55M |
|
|
NSTG
992
DELISTED
NanoString Technologies, Inc.
NSTG
| $14.7M | 0.02% |
614,714
+261,282
| +74% | +$6M |
|
993
Mattel
MAT
$4.23B
| $14.7M | 0.02% |
1,131,053
+273,552
| +32% | +$3.65M |
|
994
Factset
FDS
$10.9B
| $14.7M | 0.02% |
59,194
+27,241
| +85% | +$6.09M |
|
|
SGEN
995
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
| $14.6M | 0.02% |
+200,000
| New | +$14.2M |
|
996
SLM Corp
SLM
$4.95B
| $14.6M | 0.02% |
1,474,911
+1,415,166
| +2,369% | +$14.6M |
|
997
CarMax
KMX
$8.91B
| $14.6M | 0.02% |
209,088
-86,212
| -29% | -$5.31M |
|
998
Western Alliance Bancorporation
WAL
$8.55B
| $14.6M | 0.02% |
354,709
-1,125,334
| -76% | -$49.6M |
|
999
PUT
Labcorp
LH
$27.5B
| $14.5M | 0.02% |
+110,580
| New | +$13.6M |
|
1000
Urban Outfitters
URBN
$6.51B
| $14.5M | 0.02% |
489,603
-261,821
| -35% | -$8.06M |
|
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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.