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 | |
|---|---|---|---|---|---|---|
1226
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $10.1M | 0.02% |
267,135
+79,955
| +43% | +$2.95M |
|
1227
CALL
AstraZeneca
AZN
$261B
| $10.1M | 0.02% |
125,000
-250,000
| -67% | -$19.7M |
|
|
MBT
1228
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $10.1M | 0.02% |
1,336,127
-18,989
| -1% | -$151K |
|
1229
PUT
Analog Devices
ADI
$179B
| $10.1M | 0.02% |
95,800
+50,400
| +111% | +$5.06M |
|
|
IVC
1230
DELISTED
Invacare Corporation
IVC
| $10.1M | 0.02% |
1,202,386
+756,315
| +170% | +$5.45M |
|
1231
Wabtec
WAB
$50.2B
| $10.1M | 0.02% |
136,493
+131,950
| +2,904% | +$9.51M |
|
|
NGHC
1232
DELISTED
National General Holdings Corp
NGHC
| $10.1M | 0.02% |
423,858
+212,558
| +101% | +$5.23M |
|
|
AVTA
1233
DELISTED
Avantax, Inc. Common Stock
AVTA
| $10.1M | 0.02% |
301,210
+284,448
| +1,697% | +$8.28M |
|
|
AD
1234
Array Digital Infrastructure
AD
$3.07B
| $10M | 0.02% |
218,026
+57,386
| +36% | +$3M |
|
|
CTXS
1235
PUT
DELISTED
Citrix Systems Inc
CTXS
| $10M | 0.02% |
100,400
-99,600
| -50% | -$10.3M |
|
1236
Idacorp
IDA
$7.98B
| $9.99M | 0.02% |
100,358
-8,061
| -7% | -$782K |
|
1237
Seagate
STX
$185B
| $9.99M | 0.02% |
208,608
-173,899
| -45% | -$7.71M |
|
1238
AGNC Investment
AGNC
$13B
| $9.99M | 0.01% |
554,757
-1,030,475
| -65% | -$18.4M |
|
1239
Adeia
ADEA
$2.92B
| $9.98M | 0.01% |
1,612,435
+189,900
| +13% | +$1.12M |
|
|
CNCE
1240
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $9.98M | 0.01% |
826,868
-184,885
| -18% | -$2.72M |
|
1241
Allegiant Air
ALGT
$2.25B
| $9.97M | 0.01% |
77,006
+9,401
| +14% | +$1.2M |
|
1242
Simpson Manufacturing
SSD
$7.64B
| $9.97M | 0.01% |
168,142
-156,102
| -48% | -$9.23M |
|
1243
America Movil
AMX
$70.7B
| $9.96M | 0.01% |
697,768
-2,247,081
| -76% | -$33.9M |
|
|
ESPR
1244
DELISTED
Esperion Therapeutics
ESPR
| $9.96M | 0.01% |
248,173
+165,637
| +201% | +$7.43M |
|
1245
CALL
Align Technology
ALGN
$11.2B
| $9.95M | 0.01% |
35,000
+7,500
| +27% | +$1.79M |
|
1246
CNA Financial
CNA
$13.4B
| $9.94M | 0.01% |
229,386
-141,900
| -38% | -$6.28M |
|
|
TMCXU
1247
DELISTED
Trinity Merger Corp. Unit
TMCXU
| $9.93M | 0.01% |
950,000
| – | – |
|
1248
Kinross Gold
KGC
$38.6B
| $9.91M | 0.01% |
2,881,835
+2,122,966
| +280% | +$7.08M |
|
|
WBS
1249
DELISTED
Webster Financial
WBS
| $9.91M | 0.01% |
195,499
-184,269
| -49% | -$9.99M |
|
1250
CALL
Home Depot
HD
$334B
| $9.9M | 0.01% |
+51,600
| New | +$9.47M |
|
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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.