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 | |
|---|---|---|---|---|---|---|
|
SPPI
1176
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $11M | 0.02% |
1,025,161
+851,103
| +489% | +$9.11M |
|
1177
Inogen
INGN
$146M
| $10.9M | 0.02% |
114,559
-15,015
| -12% | -$1.87M |
|
1178
Lumentum
LITE
$74.5B
| $10.9M | 0.02% |
192,466
-346,462
| -64% | -$16.6M |
|
1179
Axsome Therapeutics
AXSM
$10.8B
| $10.9M | 0.02% |
763,974
+455,172
| +147% | +$4.23M |
|
|
ABTX
1180
DELISTED
Allegiance Bancshares
ABTX
| $10.9M | 0.02% |
322,099
+284,488
| +756% | +$10.3M |
|
1181
Comscore
SCOR
$73.6M
| $10.8M | 0.02% |
+26,760
| New | +$10.9M |
|
1182
Ameren
AEE
$29.7B
| $10.8M | 0.02% |
146,848
-200,535
| -58% | -$14M |
|
1183
Varonis Systems
VRNS
$4.72B
| $10.8M | 0.02% |
541,137
-757,863
| -58% | -$14.4M |
|
1184
PUT
3M
MMM
$92.3B
| $10.7M | 0.02% |
+61,833
| New | +$10.4M |
|
1185
CALL
DexCom
DXCM
$34.4B
| $10.7M | 0.02% |
360,000
+280,000
| +350% | +$9.84M |
|
|
RHT
1186
CALL
DELISTED
Red Hat Inc
RHT
| $10.7M | 0.02% |
58,600
| – | – |
|
1187
CALL
Humana
HUM
$46.4B
| $10.7M | 0.02% |
+40,200
| New | +$11.6M |
|
|
RHT
1188
PUT
DELISTED
Red Hat Inc
RHT
| $10.7M | 0.02% |
58,500
| – | – |
|
1189
PUT
Best Buy
BBY
$18.4B
| $10.7M | 0.02% |
+150,000
| New | +$9.35M |
|
1190
Tapestry
TPR
$26.4B
| $10.6M | 0.02% |
327,729
-1,027,315
| -76% | -$36M |
|
1191
Qiagen
QGEN
$8.63B
| $10.6M | 0.02% |
246,820
-366,950
| -60% | -$14.8M |
|
1192
Darden Restaurants
DRI
$25.6B
| $10.6M | 0.02% |
87,324
-451,800
| -84% | -$49.5M |
|
1193
Trimble
TRMB
$14.1B
| $10.6M | 0.02% |
262,063
+89,357
| +52% | +$3.39M |
|
1194
Arch Capital
ACGL
$34.5B
| $10.6M | 0.02% |
327,250
+40,704
| +14% | +$1.24M |
|
|
SWI
1195
DELISTED
SolarWinds Corporation Common Stock
SWI
| $10.6M | 0.02% |
513,205
-318,061
| -38% | -$5.96M |
|
1196
CALL
Starbucks
SBUX
$123B
| $10.5M | 0.02% |
141,400
-50,300
| -26% | -$3.46M |
|
|
BPYU
1197
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $10.5M | 0.02% |
512,985
+78,245
| +18% | +$1.48M |
|
|
LNW
1198
DELISTED
Light & Wonder
LNW
| $10.5M | 0.02% |
+514,551
| New | +$12.3M |
|
1199
American Water Works
AWK
$27.8B
| $10.5M | 0.02% |
100,490
+72,872
| +264% | +$7.15M |
|
1200
Enpro
NPO
$6.45B
| $10.5M | 0.02% |
162,291
+121,128
| +294% | +$7.99M |
|
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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.