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 | |
|---|---|---|---|---|---|---|
|
PARAA
1726
DELISTED
Paramount Global Class A
PARAA
| $5.06M | 0.01% |
106,310
+6,125
| +6% | +$299K |
|
|
AMWD
1727
DELISTED
American Woodmark
AMWD
| $5.06M | 0.01% |
61,240
-218,023
| -78% | -$16.3M |
|
1728
UGI
UGI
$8.23B
| $5.06M | 0.01% |
91,287
+55,548
| +155% | +$3.04M |
|
|
CS
1729
DELISTED
Credit Suisse Group
CS
| $5.05M | 0.01% |
433,855
+398,317
| +1,121% | +$4.75M |
|
1730
Erie Indemnity
ERIE
$13.5B
| $5.05M | 0.01% |
28,296
+25,587
| +945% | +$4.11M |
|
|
CTACU
1731
DELISTED
ChaSerg Technology Acquisition Corp. Unit
CTACU
| $5.05M | 0.01% |
500,000
| – | – |
|
1732
Tactile Systems Technology
TCMD
$534M
| $5.04M | 0.01% |
95,621
+4,018
| +4% | +$260K |
|
1733
International General Insurance
IGIC
$1.15B
| $5.04M | 0.01% |
500,000
| – | – |
|
1734
PUT
Waters Corp
WAT
$40.7B
| $5.03M | 0.01% |
+20,000
| New | +$4.56M |
|
|
CBD
1735
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $5.03M | 0.01% |
216,245
+57,924
| +37% | +$1.42M |
|
1736
Chesapeake Utilities
CPK
$3.25B
| $5.02M | 0.01% |
55,077
-11,304
| -17% | -$1.01M |
|
|
LACQ
1737
DELISTED
Leisure Acquisition Corp.
LACQ
| $5.02M | 0.01% |
500,000
| – | – |
|
|
RMG.U
1738
DELISTED
RMG Acquisition Corp.
RMG.U
| $5.01M | 0.01% |
+500,000
| New | +$4.99M |
|
1739
Allegion
ALLE
$13.6B
| $5.01M | 0.01% |
55,279
-23,907
| -30% | -$2.08M |
|
1740
RE/MAX Holdings
RMAX
$263M
| $5M | 0.01% |
129,714
-59,639
| -31% | -$2.29M |
|
1741
PUT
Royal Caribbean
RCL
$78.2B
| $5M | 0.01% |
+43,600
| New | +$4.96M |
|
1742
SITE Centers
SITC
$156M
| $5M | 0.01% |
470,269
-2,429,567
| -84% | -$24.6M |
|
1743
CALL
GE Aerospace
GE
$363B
| $5M | 0.01% |
408,737
-1,609,192
| -80% | -$75.8M |
|
|
ALGR
1744
DELISTED
Allegro Merger Corp
ALGR
| $4.99M | 0.01% |
500,000
| – | – |
|
1745
Ezcorp Inc
EZPW
$2.16B
| $4.98M | 0.01% |
534,363
-331,651
| -38% | -$3.13M |
|
|
TWOU
1746
DELISTED
2U Inc
TWOU
| $4.95M | 0.01% |
2,328
-9,419
| -80% | -$17.8M |
|
1747
Compass Minerals
CMP
$1.03B
| $4.95M | 0.01% |
90,960
+17,027
| +23% | +$862K |
|
1748
CALL
AMN Healthcare
AMN
$1.31B
| $4.94M | 0.01% |
+105,000
| New | +$5.82M |
|
|
ECHO
1749
DELISTED
Echo Global Logistics, Inc.
ECHO
| $4.94M | 0.01% |
199,408
+80,453
| +68% | +$1.9M |
|
1750
CALL
Bausch Health
BHC
$2.52B
| $4.94M | 0.01% |
200,000
+100,000
| +100% | +$2.39M |
|
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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.