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 | |
|---|---|---|---|---|---|---|
1326
Stewart Information Services
STC
$2.1B
| $9M | 0.01% |
210,718
-163,677
| -44% | -$7.03M |
|
1327
Sinclair Inc
SBGI
$1.04B
| $8.98M | 0.01% |
233,284
-368,774
| -61% | -$12.4M |
|
|
PRAH
1328
DELISTED
PRA Health Sciences, Inc.
PRAH
| $8.98M | 0.01% |
81,397
-582,173
| -88% | -$60.8M |
|
|
TMHC
1329
DELISTED
Taylor Morrison
TMHC
| $8.97M | 0.01% |
505,650
-106,370
| -17% | -$1.9M |
|
1330
NVR
NVR
$16.9B
| $8.92M | 0.01% |
3,224
-10,038
| -76% | -$26.4M |
|
1331
iShares 7-10 Year Treasury Bond ETF
IEF
$43.1B
| $8.9M | 0.01% |
83,404
+61,226
| +276% | +$6.4M |
|
1332
Watsco Inc
WSO
$12.3B
| $8.9M | 0.01% |
62,120
-88,979
| -59% | -$12.8M |
|
1333
Eversource Energy
ES
$26.8B
| $8.87M | 0.01% |
125,060
-142,036
| -53% | -$9.78M |
|
1334
iShares MSCI Thailand ETF
THD
$356M
| $8.86M | 0.01% |
100,282
-42,641
| -30% | -$3.78M |
|
|
SC
1335
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $8.85M | 0.01% |
418,853
-485,151
| -54% | -$9.67M |
|
|
AIMC
1336
DELISTED
Altra Industrial Motion Corp
AIMC
| $8.85M | 0.01% |
284,863
+240,904
| +548% | +$7.3M |
|
1337
Transportadora de Gas del Sur
TGS
$4.24B
| $8.84M | 0.01% |
697,649
+489,283
| +235% | +$7.15M |
|
1338
Teradata
TDC
$2.56B
| $8.83M | 0.01% |
202,226
-292,128
| -59% | -$13.1M |
|
1339
iShares MSCI USA Min Vol Factor ETF
USMV
$24.3B
| $8.83M | 0.01% |
150,100
+31,457
| +27% | +$1.76M |
|
|
PCH
1340
PUT
DELISTED
PotlatchDeltic
PCH
| $8.82M | 0.01% |
+233,400
| New | +$8.33M |
|
1341
AGCO
AGCO
$7.66B
| $8.82M | 0.01% |
126,807
-1,077,556
| -89% | -$69.8M |
|
1342
Garrett Motion
GTX
$4.87B
| $8.79M | 0.01% |
596,918
+581,984
| +3,897% | +$8.77M |
|
|
MDR
1343
DELISTED
McDermott International
MDR
| $8.79M | 0.01% |
1,181,878
-1,919,370
| -62% | -$15.8M |
|
|
MDSO
1344
CALL
DELISTED
Medidata Solutions, Inc.
MDSO
| $8.79M | 0.01% |
120,000
+10,000
| +9% | +$722K |
|
1345
Materion
MTRN
$4.85B
| $8.74M | 0.01% |
153,195
+2,418
| +2% | +$126K |
|
|
OPLN
1346
Openlane
OPLN
$4.16B
| $8.73M | 0.01% |
449,766
+339,238
| +307% | +$6.4M |
|
1347
PUT
iShares MSCI Mexico ETF
EWW
$1.79B
| $8.72M | 0.01% |
200,000
| – | – |
|
|
CTB
1348
DELISTED
Cooper Tire & Rubber Co.
CTB
| $8.7M | 0.01% |
291,197
+284,117
| +4,013% | +$9.13M |
|
1349
PUT
Invesco
IVZ
$14.5B
| $8.69M | 0.01% |
+450,000
| New | +$8.41M |
|
|
ITCI
1350
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $8.68M | 0.01% |
712,658
-212,847
| -23% | -$2.72M |
|
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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.