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 | |
|---|---|---|---|---|---|---|
1076
Omeros
OMER
$1.4B
| $13M | 0.02% |
748,292
-364,292
| -33% | -$5.25M |
|
1077
Polaris
PII
$3.66B
| $13M | 0.02% |
153,502
+88,771
| +137% | +$7.53M |
|
1078
PUT
Delta Air Lines
DAL
$54.2B
| $13M | 0.02% |
250,900
-98,600
| -28% | -$4.89M |
|
|
LSXMK
1079
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $12.9M | 0.02% |
444,405
-562,451
| -56% | -$17M |
|
|
TGNA
1080
DELISTED
TEGNA Inc
TGNA
| $12.9M | 0.02% |
915,670
-32,727
| -3% | -$415K |
|
1081
CALL
Pfizer
PFE
$159B
| $12.9M | 0.02% |
320,311
+109,511
| +52% | +$4.39M |
|
1082
Builders FirstSource
BLDR
$7.56B
| $12.8M | 0.02% |
+956,622
| New | +$12.6M |
|
|
CHCT
1083
Community Healthcare Trust
CHCT
$434M
| $12.8M | 0.02% |
355,514
+3,200
| +0.9% | +$106K |
|
1084
Elanco Animal Health
ELAN
$12.2B
| $12.7M | 0.02% |
+397,093
| New | +$12.2M |
|
1085
Armstrong World Industries
AWI
$7.53B
| $12.7M | 0.02% |
160,288
-542,058
| -77% | -$37.8M |
|
|
TWNK
1086
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $12.7M | 0.02% |
1,015,425
+984,813
| +3,217% | +$11.5M |
|
1087
BioCryst Pharmaceuticals
BCRX
$2.47B
| $12.7M | 0.02% |
1,556,785
+748,758
| +93% | +$6.41M |
|
|
DISH
1088
DELISTED
DISH Network Corp.
DISH
| $12.6M | 0.02% |
398,377
-866,839
| -69% | -$26.6M |
|
1089
SPX Corp
SPXC
$10.1B
| $12.6M | 0.02% |
362,511
+219,695
| +154% | +$7.14M |
|
1090
Red Robin
RRGB
$191M
| $12.6M | 0.02% |
436,485
+81,539
| +23% | +$2.52M |
|
1091
CALL
iShares MSCI India ETF
INDA
$6.59B
| $12.5M | 0.02% |
+355,600
| New | +$11.8M |
|
|
CELG
1092
CALL
DELISTED
Celgene Corp
CELG
| $12.5M | 0.02% |
132,500
+32,500
| +33% | +$2.84M |
|
1093
FIVE9
FIVN
$2.45B
| $12.5M | 0.02% |
235,899
+57,811
| +32% | +$2.94M |
|
1094
IDEX
IEX
$17.2B
| $12.4M | 0.02% |
81,792
-45,532
| -36% | -$6.44M |
|
1095
SPS Commerce
SPSC
$2.93B
| $12.4M | 0.02% |
233,520
-142,880
| -38% | -$7M |
|
1096
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $12.3M | 0.02% |
154,661
-27,785
| -15% | -$2.19M |
|
1097
O'Reilly Automotive
ORLY
$73.4B
| $12.3M | 0.02% |
473,940
-4,907,850
| -91% | -$119M |
|
|
CXP
1098
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $12.3M | 0.02% |
544,673
-471,465
| -46% | -$10.2M |
|
1099
Interactive Brokers
IBKR
$42.2B
| $12.2M | 0.02% |
943,464
+95,020
| +11% | +$1.25M |
|
|
TELL
1100
DELISTED
Tellurian Inc.
TELL
| $12.2M | 0.02% |
1,091,263
-957,123
| -47% | -$9M |
|
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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.