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 | |
|---|---|---|---|---|---|---|
1426
Toyota
TM
$228B
| $7.75M | 0.01% |
+65,639
| New | +$7.94M |
|
|
XEC
1427
DELISTED
CIMAREX ENERGY CO
XEC
| $7.74M | 0.01% |
110,715
-370,506
| -77% | -$26.7M |
|
1428
Lincoln Electric
LECO
$15.2B
| $7.73M | 0.01% |
92,165
+55,736
| +153% | +$4.73M |
|
|
BNY
1429
Bank of New York Mellon
BNY
$111B
| $7.7M | 0.01% |
152,732
+89,184
| +140% | +$4.6M |
|
|
TUP
1430
DELISTED
Tupperware Brands Corporation
TUP
| $7.67M | 0.01% |
300,021
-91,110
| -23% | -$2.78M |
|
|
INOV
1431
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $7.67M | 0.01% |
+617,284
| New | +$8.36M |
|
1432
iShares 3-7 Year Treasury Bond ETF
IEI
$17.8B
| $7.67M | 0.01% |
+62,263
| New | +$7.58M |
|
|
WBA
1433
DELISTED
Walgreens Boots Alliance
WBA
| $7.65M | 0.01% |
120,884
-654,808
| -84% | -$44.7M |
|
|
FTACU
1434
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
| $7.64M | 0.01% |
750,000
| – | – |
|
1435
Cerus
CERS
$550M
| $7.64M | 0.01% |
1,226,381
-40,974
| -3% | -$249K |
|
1436
iShares Silver Trust
SLV
$33.4B
| $7.64M | 0.01% |
538,766
-419,142
| -44% | -$6.12M |
|
|
ACRE
1437
Ares Commercial Real Estate
ACRE
$263M
| $7.63M | 0.01% |
502,313
+181,044
| +56% | +$2.64M |
|
|
RSX
1438
CALL
DELISTED
VanEck Russia ETF
RSX
| $7.63M | 0.01% |
370,200
-266,400
| -42% | -$5.48M |
|
1439
Cogent Communications
CCOI
$502M
| $7.62M | 0.01% |
140,436
+54,112
| +63% | +$2.67M |
|
1440
BGC Group
BGC
$5.65B
| $7.61M | 0.01% |
1,433,650
-1,528,015
| -52% | -$9.09M |
|
1441
CALL
McDonald's
MCD
$191B
| $7.6M | 0.01% |
+40,000
| New | +$7.26M |
|
|
1442
PUT
McDonald's
MCD
$191B
| $7.6M | 0.01% |
+40,000
| New | +$7.26M |
|
1443
KKR & Co
KKR
$96.4B
| $7.58M | 0.01% |
322,869
+227,068
| +237% | +$5.17M |
|
1444
Newmark Group
NMRK
$2.88B
| $7.58M | 0.01% |
908,926
+46,744
| +5% | +$443K |
|
1445
iQIYI
IQ
$984M
| $7.58M | 0.01% |
316,850
-45,849
| -13% | -$1.01M |
|
|
SPLK
1446
PUT
DELISTED
Splunk Inc
SPLK
| $7.58M | 0.01% |
60,800
| – | – |
|
1447
Molson Coors Class B
TAP
$7.86B
| $7.57M | 0.01% |
126,974
-960,751
| -88% | -$59.3M |
|
|
NPTN
1448
DELISTED
NEOPHOTONICS CORP
NPTN
| $7.57M | 0.01% |
1,202,688
+185,453
| +18% | +$1.3M |
|
1449
MongoDB
MDB
$32.8B
| $7.55M | 0.01% |
+51,346
| New | +$5.27M |
|
|
LOMA
1450
Loma Negra
LOMA
$1.12B
| $7.55M | 0.01% |
689,109
+521,160
| +310% | +$6.21M |
|
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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.