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 | |
|---|---|---|---|---|---|---|
101
Edwards Lifesciences
EW
$51.8B
| $123M | 0.18% |
1,931,037
+746,049
| +63% | +$42.6M |
|
102
Dominion Energy
D
$58.6B
| $121M | 0.18% |
1,574,370
-1,844,498
| -54% | -$135M |
|
103
FirstEnergy
FE
$26.6B
| $120M | 0.18% |
2,883,332
-2,951,745
| -51% | -$117M |
|
104
Host Hotels & Resorts
HST
$15.9B
| $120M | 0.18% |
6,344,143
+1,813,752
| +40% | +$33.5M |
|
105
Equinix
EQIX
$105B
| $119M | 0.18% |
262,155
+153,480
| +141% | +$62.5M |
|
106
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $116M | 0.17% |
1,543,700
+1,006,700
| +187% | +$72.9M |
|
107
PUT
Broadcom
AVGO
$1.75T
| $115M | 0.17% |
3,838,000
+2,675,000
| +230% | +$72.5M |
|
108
CALL
Qualcomm
QCOM
$169B
| $115M | 0.17% |
2,022,200
+1,347,100
| +200% | +$72.7M |
|
109
Suncor Energy
SU
$80B
| $115M | 0.17% |
3,550,463
+953,526
| +37% | +$31.1M |
|
110
Icon
ICLR
$13.3B
| $114M | 0.17% |
837,253
+286,409
| +52% | +$39M |
|
111
Northern Trust
NTRS
$33.6B
| $114M | 0.17% |
1,264,577
+845,029
| +201% | +$76.2M |
|
|
TSS
112
DELISTED
Total System Services, Inc.
TSS
| $114M | 0.17% |
1,202,571
+14,839
| +1% | +$1.34M |
|
|
HRC
113
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $114M | 0.17% |
1,073,346
-194,758
| -15% | -$19.6M |
|
114
Dollar Tree
DLTR
$25.3B
| $114M | 0.17% |
1,081,593
+14,101
| +1% | +$1.38M |
|
115
S&P Global
SPGI
$127B
| $113M | 0.17% |
536,629
+132,567
| +33% | +$25.7M |
|
116
EOG Resources
EOG
$80.3B
| $113M | 0.17% |
1,185,426
+717
| +0.1% | +$68.3K |
|
117
Simon Property Group
SPG
$70.6B
| $113M | 0.17% |
618,429
+522,723
| +546% | +$92.9M |
|
118
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $113M | 0.17% |
945,477
+847,023
| +860% | +$98.1M |
|
119
Exelon
EXC
$45.1B
| $112M | 0.17% |
3,139,665
+2,687,593
| +595% | +$91.5M |
|
120
Vertex Pharmaceuticals
VRTX
$139B
| $112M | 0.17% |
610,211
-620,640
| -50% | -$115M |
|
121
Restaurant Brands International
QSR
$28.2B
| $112M | 0.17% |
1,720,991
-221,759
| -11% | -$13.6M |
|
122
Microsoft
MSFT
$3.59T
| $112M | 0.17% |
949,578
+236,741
| +33% | +$25.8M |
|
123
Alibaba
BABA
$286B
| $112M | 0.17% |
611,375
+285,310
| +88% | +$48M |
|
124
Williams Companies
WMB
$86.2B
| $112M | 0.17% |
3,882,452
-2,619,134
| -40% | -$70.2M |
|
|
125
Alphabet (Google) Class A
GOOGL
$4.22T
| $111M | 0.17% |
1,891,460
-2,397,080
| -56% | -$135M |
|
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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.