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 | |
|---|---|---|---|---|---|---|
1351
Spotify
SPOT
$113B
| $8.66M | 0.01% |
62,383
-45,075
| -42% | -$6.16M |
|
|
COWN
1352
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $8.65M | 0.01% |
597,280
-529,346
| -47% | -$8.09M |
|
|
JHG
1353
DELISTED
Janus Henderson
JHG
| $8.64M | 0.01% |
345,919
+149,322
| +76% | +$3.46M |
|
1354
CALL
Alibaba
BABA
$285B
| $8.61M | 0.01% |
47,200
-372,800
| -89% | -$62.7M |
|
1355
PUT
iShares MSCI South Korea ETF
EWY
$27.8B
| $8.61M | 0.01% |
141,300
+16,300
| +13% | +$1.01M |
|
1356
PUT
Hershey
HSY
$37.6B
| $8.61M | 0.01% |
+75,000
| New | +$8.17M |
|
1357
American Superconductor
AMSC
$1.43B
| $8.61M | 0.01% |
669,553
+525,036
| +363% | +$7.14M |
|
1358
Franklin Electric
FELE
$4.54B
| $8.59M | 0.01% |
168,184
+86,807
| +107% | +$4.28M |
|
1359
Alaska Air
ALK
$4.73B
| $8.58M | 0.01% |
152,866
-79,326
| -34% | -$4.84M |
|
1360
Resideo Technologies
REZI
$2.9B
| $8.55M | 0.01% |
443,258
-276,278
| -38% | -$6.12M |
|
|
QTNA
1361
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $8.53M | 0.01% |
350,555
-120,688
| -26% | -$2.1M |
|
|
AXON
1362
Axon Enterprise
AXON
$49.4B
| $8.51M | 0.01% |
156,306
+46,432
| +42% | +$2.38M |
|
1363
ArcelorMittal
MT
$55.2B
| $8.5M | 0.01% |
417,254
+390,554
| +1,463% | +$8.65M |
|
1364
TC Energy
TRP
$64.9B
| $8.48M | 0.01% |
188,665
+170,264
| +925% | +$7.32M |
|
|
FBC
1365
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $8.48M | 0.01% |
257,561
-38,318
| -13% | -$1.2M |
|
1366
Marriott Vacations Worldwide
VAC
$3.94B
| $8.47M | 0.01% |
90,569
+56,621
| +167% | +$5.09M |
|
1367
Perdoceo Education
PRDO
$2.04B
| $8.47M | 0.01% |
512,441
+183,735
| +56% | +$2.65M |
|
1368
IAMGOLD
IAG
$12.5B
| $8.46M | 0.01% |
2,437,744
-1,690,186
| -41% | -$5.92M |
|
1369
BBVA Argentina
BBAR
$2.96B
| $8.46M | 0.01% |
889,375
+416,044
| +88% | +$4.93M |
|
1370
Enova International
ENVA
$6.12B
| $8.44M | 0.01% |
369,908
-122,208
| -25% | -$2.88M |
|
|
EV
1371
DELISTED
Eaton Vance Corp.
EV
| $8.44M | 0.01% |
209,307
-506,673
| -71% | -$20.1M |
|
|
GTLS
1372
DELISTED
Chart Industries
GTLS
| $8.42M | 0.01% |
93,030
-848,296
| -90% | -$68.5M |
|
1373
PUT
International Flavors & Fragrances
IFF
$22B
| $8.42M | 0.01% |
18,000
-7,500
| -29% | -$994K |
|
1374
CALL
uniQure
QURE
$3.48B
| $8.41M | 0.01% |
141,000
+900
| +0.6% | +$40.2K |
|
|
MOBL
1375
DELISTED
MobileIron, Inc.
MOBL
| $8.41M | 0.01% |
1,537,402
+187,284
| +14% | +$924K |
|
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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.