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 | |
|---|---|---|---|---|---|---|
1526
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$284M
| $6.81M | 0.01% |
70
+54
| +338% | +$6.87M |
|
|
UCB
1527
United Community Banks
UCB
$4.23B
| $6.79M | 0.01% |
272,495
-764,817
| -74% | -$19.9M |
|
|
ALXN
1528
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $6.79M | 0.01% |
50,200
-109,800
| -69% | -$13.7M |
|
|
LJPC
1529
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $6.77M | 0.01% |
1,053,303
+563,030
| +115% | +$3.67M |
|
1530
Central Pacific Financial
CPF
$969M
| $6.75M | 0.01% |
234,060
-89,121
| -28% | -$2.5M |
|
|
STAY
1531
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $6.75M | 0.01% |
376,048
+255,474
| +212% | +$4.44M |
|
1532
Walker & Dunlop
WD
$1.4B
| $6.74M | 0.01% |
132,478
+58,137
| +78% | +$2.95M |
|
1533
Enphase Energy
ENPH
$4.94B
| $6.72M | 0.01% |
727,621
+715,794
| +6,052% | +$5.44M |
|
|
QTNT
1534
DELISTED
Quotient Limited Ordinary Shares
QTNT
| $6.72M | 0.01% |
18,634
-1,526
| -8% | -$537K |
|
|
CDK
1535
DELISTED
CDK Global, Inc.
CDK
| $6.72M | 0.01% |
114,181
-40,735
| -26% | -$2.22M |
|
|
MINI
1536
DELISTED
Mobile Mini Inc
MINI
| $6.71M | 0.01% |
197,859
+34,802
| +21% | +$1.24M |
|
|
DOOR
1537
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $6.71M | 0.01% |
134,582
-14,068
| -9% | -$748K |
|
1538
Champion Homes
SKY
$4.98B
| $6.7M | 0.01% |
352,761
+329,429
| +1,412% | +$6.04M |
|
1539
Open Text
OTEX
$5.9B
| $6.69M | 0.01% |
174,099
-166,635
| -49% | -$6.09M |
|
1540
FirstCash
FCFS
$9.95B
| $6.68M | 0.01% |
+77,285
| New | +$6.45M |
|
1541
KALA BIO
KALA
$15.9M
| $6.66M | 0.01% |
322
+258
| +403% | +$4.58M |
|
|
WUBA
1542
DELISTED
58.com Inc
WUBA
| $6.65M | 0.01% |
101,251
-374,600
| -79% | -$23.6M |
|
1543
CALL
Teleflex
TFX
$5.94B
| $6.65M | 0.01% |
22,000
-8,000
| -27% | -$2.23M |
|
|
PINC
1544
DELISTED
Premier
PINC
| $6.64M | 0.01% |
192,591
-93,026
| -33% | -$3.44M |
|
1545
Coherent
COHR
$56.4B
| $6.64M | 0.01% |
178,184
-86,142
| -33% | -$3.18M |
|
1546
PUT
Penumbra
PEN
$12.8B
| $6.62M | 0.01% |
+45,000
| New | +$6.43M |
|
1547
MSCI
MSCI
$41B
| $6.6M | 0.01% |
33,211
-240,831
| -88% | -$41.9M |
|
1548
Lamar Advertising Co
LAMR
$15.4B
| $6.57M | 0.01% |
82,842
-282,061
| -77% | -$21.3M |
|
1549
BWX Technologies
BWXT
$13.7B
| $6.54M | 0.01% |
131,943
+39,689
| +43% | +$1.88M |
|
1550
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $6.52M | 0.01% |
71,109
-63,679
| -47% | -$5.74M |
|
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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.