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 | |
|---|---|---|---|---|---|---|
|
CARB
1126
DELISTED
Carbonite Inc
CARB
| $11.7M | 0.02% |
470,019
-36,933
| -7% | -$949K |
|
1127
O-I Glass
OI
$1.11B
| $11.6M | 0.02% |
612,925
+119,223
| +24% | +$2.31M |
|
1128
Kadant
KAI
$3.69B
| $11.6M | 0.02% |
132,071
+62,129
| +89% | +$5.35M |
|
1129
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $11.6M | 0.02% |
105,472
+92,372
| +705% | +$9.96M |
|
1130
Rush Enterprises Class A
RUSHA
$8.53B
| $11.6M | 0.02% |
624,166
+229,968
| +58% | +$4.07M |
|
1131
Assurant
AIZ
$14.2B
| $11.6M | 0.02% |
122,024
+31,518
| +35% | +$3.05M |
|
1132
Mine Safety
MSA
$7.29B
| $11.6M | 0.02% |
111,952
+104,453
| +1,393% | +$10.5M |
|
1133
Chemed
CHE
$7.08B
| $11.6M | 0.02% |
36,116
+17,920
| +98% | +$5.5M |
|
1134
Kaiser Aluminum
KALU
$2.49B
| $11.6M | 0.02% |
110,356
+17,012
| +18% | +$1.73M |
|
|
PACQU
1135
DELISTED
Pure Acquisition Corp. Unit
PACQU
| $11.6M | 0.02% |
1,100,000
| – | – |
|
1136
PUT
Lam Research
LRCX
$388B
| $11.5M | 0.02% |
645,000
+513,000
| +389% | +$8.56M |
|
1137
Sunstone Hotel Investors
SHO
$2.1B
| $11.5M | 0.02% |
799,684
+617,628
| +339% | +$8.89M |
|
1138
Astronics
ATRO
$3.21B
| $11.5M | 0.02% |
421,934
+122,000
| +41% | +$3.25M |
|
1139
CALL
Netflix
NFLX
$333B
| $11.5M | 0.02% |
322,000
+299,000
| +1,300% | +$10.4M |
|
1140
PUT
CSX Corp
CSX
$95.3B
| $11.4M | 0.02% |
458,700
+360,900
| +369% | +$8.36M |
|
1141
iShares Russell 2000 ETF
IWM
$81.4B
| $11.4M | 0.02% |
74,704
-58,700
| -44% | -$8.82M |
|
1142
Alcoa
AA
$13B
| $11.4M | 0.02% |
406,062
-325,591
| -45% | -$9.31M |
|
|
UMPQ
1143
DELISTED
Umpqua Holdings Corp
UMPQ
| $11.4M | 0.02% |
692,444
-5,939,952
| -90% | -$105M |
|
|
GWB
1144
DELISTED
Great Western Bancorp, Inc.
GWB
| $11.4M | 0.02% |
361,562
+326,163
| +921% | +$11.3M |
|
1145
VanEck Oil Services ETF
OIH
$1.94B
| $11.4M | 0.02% |
33,131
+9,015
| +37% | +$3.04M |
|
|
BMS
1146
DELISTED
Bemis
BMS
| $11.4M | 0.02% |
205,600
+92,704
| +82% | +$4.72M |
|
|
PPL
1147
PPL Corp
PPL
$26.4B
| $11.4M | 0.02% |
357,909
-1,464,534
| -80% | -$45.5M |
|
1148
PUT
Intuitive Surgical
ISRG
$132B
| $11.4M | 0.02% |
59,700
+35,700
| +149% | +$6.34M |
|
1149
MKS Inc
MKSI
$18.2B
| $11.3M | 0.02% |
121,774
-135,670
| -53% | -$10.9M |
|
|
EVRI
1150
DELISTED
Everi Holdings
EVRI
| $11.3M | 0.02% |
1,076,927
+448,806
| +71% | +$3.41M |
|
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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.