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 | |
|---|---|---|---|---|---|---|
1051
Pitney Bowes
PBI
$2.27B
| $13.5M | 0.02% |
+1,966,093
| New | +$13.6M |
|
1052
iShares MSCI Malaysia ETF
EWM
$320M
| $13.5M | 0.02% |
450,472
+98,237
| +28% | +$2.99M |
|
|
MIK
1053
DELISTED
Michaels Stores, Inc
MIK
| $13.5M | 0.02% |
1,179,356
-469,831
| -28% | -$6.44M |
|
|
ZUO
1054
DELISTED
Zuora, Inc.
ZUO
| $13.5M | 0.02% |
671,550
+643,548
| +2,298% | +$13.9M |
|
1055
First Horizon
FHN
$11.6B
| $13.4M | 0.02% |
962,092
+25,128
| +3% | +$371K |
|
|
AGS
1056
DELISTED
PlayAGS
AGS
| $13.4M | 0.02% |
561,853
+283,244
| +102% | +$6.99M |
|
1057
Sabesp
SBS
$16.3B
| $13.4M | 0.02% |
6,531,741
-618,298
| -9% | -$1.29M |
|
1058
Ionis Pharmaceuticals
IONS
$10.3B
| $13.4M | 0.02% |
165,039
+81,561
| +98% | +$5.26M |
|
1059
8x8 Inc
EGHT
$286M
| $13.4M | 0.02% |
663,051
+640,662
| +2,862% | +$12.5M |
|
1060
Telecom Argentina
TEO
$5.84B
| $13.4M | 0.02% |
915,195
+665,891
| +267% | +$10.4M |
|
1061
Alpha Metallurgical Resources
AMR
$2.66B
| $13.3M | 0.02% |
230,110
+221,389
| +2,539% | +$13.6M |
|
|
WAGE
1062
DELISTED
WageWorks, Inc.
WAGE
| $13.2M | 0.02% |
350,799
-192,646
| -35% | -$6.29M |
|
|
BBBY
1063
DELISTED
Bed Bath & Beyond Inc
BBBY
| $13.2M | 0.02% |
778,337
+762,487
| +4,811% | +$11.5M |
|
|
PLAN
1064
DELISTED
Anaplan, Inc.
PLAN
| $13.2M | 0.02% |
335,352
+63,246
| +23% | +$2.13M |
|
1065
Teledyne Technologies
TDY
$29B
| $13.2M | 0.02% |
55,648
+17,310
| +45% | +$3.92M |
|
|
MDC
1066
DELISTED
M.D.C. Holdings, Inc.
MDC
| $13.2M | 0.02% |
489,742
+154,106
| +46% | +$4.08M |
|
1067
W&T Offshore
WTI
$574M
| $13.1M | 0.02% |
1,904,790
-266,417
| -12% | -$1.45M |
|
|
DERM
1068
DELISTED
Dermira, Inc.
DERM
| $13.1M | 0.02% |
969,952
+434,245
| +81% | +$3.62M |
|
|
ERUS
1069
DELISTED
iShares MSCI Russia ETF
ERUS
| $13.1M | 0.02% |
380,577
+106,677
| +39% | +$3.64M |
|
|
NSA
1070
DELISTED
National Storage Affiliates Trust
NSA
| $13.1M | 0.02% |
459,137
-46,297
| -9% | -$1.28M |
|
1071
Morningstar
MORN
$8.16B
| $13.1M | 0.02% |
103,837
+2,439
| +2% | +$293K |
|
|
LADR
1072
Ladder Capital
LADR
$1.27B
| $13.1M | 0.02% |
768,284
-242,024
| -24% | -$4.14M |
|
1073
General Dynamics
GD
$104B
| $13M | 0.02% |
77,077
+57,843
| +301% | +$9.75M |
|
1074
Southern Company
SO
$104B
| $13M | 0.02% |
251,798
+243,387
| +2,894% | +$11.9M |
|
1075
National Beverage
FIZZ
$3.1B
| $13M | 0.02% |
450,644
+205,170
| +84% | +$7.3M |
|
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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.