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 | |
|---|---|---|---|---|---|---|
1501
Heritage Financial
HFWA
$1.18B
| $7.11M | 0.01% |
235,869
+22,588
| +11% | +$707K |
|
1502
Houlihan Lokey
HLI
$8.98B
| $7.1M | 0.01% |
154,944
-83,229
| -35% | -$3.67M |
|
1503
PUT
Zscaler
ZS
$27.2B
| $7.09M | 0.01% |
+100,000
| New | +$5.31M |
|
1504
Primoris Services
PRIM
$4.03B
| $7.09M | 0.01% |
342,846
+173,266
| +102% | +$3.65M |
|
1505
Element Solutions
ESI
$8.61B
| $7.08M | 0.01% |
+700,668
| New | +$7.76M |
|
|
INN
1506
Summit Hotel Properties
INN
$667M
| $7.07M | 0.01% |
619,652
-111,559
| -15% | -$1.23M |
|
|
ILPT
1507
Industrial Logistics Properties Trust
ILPT
$560M
| $7.06M | 0.01% |
350,197
+55,093
| +19% | +$1.13M |
|
|
LM
1508
DELISTED
Legg Mason, Inc.
LM
| $7.02M | 0.01% |
256,646
+39,544
| +18% | +$1.13M |
|
|
ACAMU
1509
DELISTED
Acamar Partners Acquisition Corp Units
ACAMU
| $7M | 0.01% |
+700,000
| New | +$6.99M |
|
|
MOSC.U
1510
DELISTED
Mosaic Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-third o
MOSC.U
| $7M | 0.01% |
677,780
| – | – |
|
1511
Vericel Corp
VCEL
$2.21B
| $6.99M | 0.01% |
399,091
+237,532
| +147% | +$4.34M |
|
1512
WSFS Financial
WSFS
$4.02B
| $6.99M | 0.01% |
181,017
+38,672
| +27% | +$1.61M |
|
1513
Funko
FNKO
$373M
| $6.99M | 0.01% |
321,626
+294,340
| +1,079% | +$5.41M |
|
1514
1-800-Flowers.com
FLWS
$254M
| $6.98M | 0.01% |
383,104
+256,355
| +202% | +$4.13M |
|
1515
PUT
Myriad Genetics
MYGN
$303M
| $6.97M | 0.01% |
+210,000
| New | +$6.39M |
|
|
PGRE
1516
DELISTED
Paramount Group
PGRE
| $6.96M | 0.01% |
490,247
-790,470
| -62% | -$11.1M |
|
|
UNIT
1517
Uniti Group
UNIT
$2.45B
| $6.96M | 0.01% |
+621,737
| New | +$9.1M |
|
|
COUP
1518
DELISTED
Coupa Software Incorporated
COUP
| $6.94M | 0.01% |
76,324
+49,671
| +186% | +$4.26M |
|
1519
Gray Television
GTN
$515M
| $6.93M | 0.01% |
324,331
-942,749
| -74% | -$17.6M |
|
|
CHU
1520
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $6.93M | 0.01% |
541,151
+186,268
| +52% | +$2.21M |
|
|
FOCS
1521
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $6.9M | 0.01% |
193,503
-291,471
| -60% | -$9.19M |
|
1522
HEICO Corp
HEI
$49.1B
| $6.88M | 0.01% |
72,550
-34,175
| -32% | -$2.98M |
|
1523
Employers Holdings
EIG
$876M
| $6.87M | 0.01% |
171,348
-40,723
| -19% | -$1.72M |
|
1524
Anika Therapeutics
ANIK
$289M
| $6.85M | 0.01% |
226,557
+36,009
| +19% | +$1.23M |
|
1525
First Commonwealth Financial
FCF
$2.1B
| $6.83M | 0.01% |
542,199
+360,897
| +199% | +$4.82M |
|
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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.