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 | |
|---|---|---|---|---|---|---|
|
RWGE
1626
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
| $5.87M | 0.01% |
581,500
| – | – |
|
|
SPN
1627
DELISTED
Superior Energy Services, Inc.
SPN
| $5.86M | 0.01% |
125,493
-12,329
| -9% | -$530K |
|
1628
ArcBest
ARCB
$3.03B
| $5.86M | 0.01% |
190,226
+97,026
| +104% | +$3.5M |
|
|
BITA
1629
DELISTED
Bitauto Holdings Limited
BITA
| $5.85M | 0.01% |
+367,627
| New | +$6.76M |
|
|
FLOW
1630
DELISTED
SPX FLOW, Inc.
FLOW
| $5.83M | 0.01% |
182,768
+127,128
| +228% | +$4.18M |
|
1631
CALL
Puma Biotechnology
PBYI
$481M
| $5.82M | 0.01% |
+150,000
| New | +$4.58M |
|
1632
NovoCure
NVCR
$2.05B
| $5.81M | 0.01% |
+120,627
| New | +$5.81M |
|
1633
Bank OZK
OZK
$5.36B
| $5.8M | 0.01% |
200,168
-442,351
| -69% | -$13.4M |
|
1634
WEC Energy
WEC
$34.8B
| $5.79M | 0.01% |
+73,278
| New | +$5.44M |
|
1635
DXP Enterprises
DXPE
$2.92B
| $5.79M | 0.01% |
148,742
+16,659
| +13% | +$580K |
|
1636
Boot Barn
BOOT
$4.84B
| $5.75M | 0.01% |
195,481
-659,164
| -77% | -$16.6M |
|
1637
Plains GP Holdings
PAGP
$5.38B
| $5.75M | 0.01% |
230,941
-634,589
| -73% | -$15M |
|
1638
Arbor Realty Trust
ABR
$961M
| $5.74M | 0.01% |
442,236
+264,741
| +149% | +$3.21M |
|
1639
BlackLine
BL
$1.84B
| $5.73M | 0.01% |
123,714
+41,049
| +50% | +$1.93M |
|
|
TERP
1640
DELISTED
TerraForm Power, Inc
TERP
| $5.72M | 0.01% |
+416,619
| New | +$5.12M |
|
1641
CALL
Boeing
BA
$167B
| $5.72M | 0.01% |
+15,000
| New | +$5.77M |
|
|
BBT
1642
Beacon Financial Corp
BBT
$2.63B
| $5.72M | 0.01% |
209,872
+176,163
| +523% | +$5.1M |
|
1643
CALL
Insulet
PODD
$9.92B
| $5.71M | 0.01% |
60,000
+50,000
| +500% | +$4.29M |
|
1644
Independent Bank Corp
IBCP
$815M
| $5.7M | 0.01% |
265,152
+24,219
| +10% | +$544K |
|
1645
Criteo S.A.
CRTO
$848M
| $5.7M | 0.01% |
284,497
+131,747
| +86% | +$3.36M |
|
|
VCRA
1646
CALL
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $5.69M | 0.01% |
180,000
+150,000
| +500% | +$5.32M |
|
1647
PUT
Baxter International
BAX
$13.6B
| $5.69M | 0.01% |
70,000
+40,000
| +133% | +$2.91M |
|
1648
RH
RH
$2.67B
| $5.69M | 0.01% |
55,252
+14,430
| +35% | +$1.96M |
|
1649
Chemours
CC
$2.37B
| $5.68M | 0.01% |
152,782
-240,706
| -61% | -$8.76M |
|
1650
First Financial Bankshares
FFIN
$4.83B
| $5.67M | 0.01% |
+196,316
| New | +$6M |
|
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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.