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 | |
|---|---|---|---|---|---|---|
1776
Radware
RDWR
$1.17B
| $4.78M | 0.01% |
182,881
-243,912
| -57% | -$5.95M |
|
|
RAVN
1777
DELISTED
Raven Industries Inc
RAVN
| $4.77M | 0.01% |
124,394
+41,663
| +50% | +$1.58M |
|
|
TOWR
1778
DELISTED
Tower International, Inc.
TOWR
| $4.77M | 0.01% |
226,676
+145,851
| +180% | +$3.75M |
|
|
MRTX
1779
CALL
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $4.76M | 0.01% |
+65,000
| New | +$4.42M |
|
1780
PUT
DexCom
DXCM
$33.6B
| $4.76M | 0.01% |
160,000
+80,000
| +100% | +$2.81M |
|
|
MITT
1781
TPG Mortgage Investment Trust
MITT
$214M
| $4.76M | 0.01% |
94,220
+73,192
| +348% | +$3.83M |
|
|
SA
1782
Seabridge Gold
SA
$3.78B
| $4.75M | 0.01% |
383,795
+240,772
| +168% | +$3.28M |
|
1783
Pediatrix Medical
MD
$2.19B
| $4.74M | 0.01% |
174,554
+10,073
| +6% | +$338K |
|
1784
KT
KT
$9.16B
| $4.74M | 0.01% |
381,209
-671,988
| -64% | -$9.15M |
|
|
TRUE
1785
DELISTED
TrueCar
TRUE
| $4.74M | 0.01% |
714,210
+172,717
| +32% | +$1.44M |
|
1786
Philip Morris
PM
$302B
| $4.73M | 0.01% |
53,526
-2,022,860
| -97% | -$163M |
|
|
CARO
1787
DELISTED
Carolina Financial Corp.
CARO
| $4.73M | 0.01% |
136,700
+22,646
| +20% | +$785K |
|
1788
JD.com
JD
$39.7B
| $4.72M | 0.01% |
156,515
-569,596
| -78% | -$14.5M |
|
|
ACR
1789
ACRES Commercial Realty
ACR
$106M
| $4.72M | 0.01% |
147,897
+39,529
| +36% | +$1.26M |
|
|
CZR
1790
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $4.71M | 0.01% |
542,600
+293,600
| +118% | +$2.55M |
|
|
PRFT
1791
DELISTED
Perficient Inc
PRFT
| $4.7M | 0.01% |
171,477
+116,079
| +210% | +$3.06M |
|
1792
Bilibili
BILI
$6.93B
| $4.7M | 0.01% |
247,763
+104,841
| +73% | +$1.84M |
|
1793
WesBanco
WSBC
$3.89B
| $4.69M | 0.01% |
118,083
+14,269
| +14% | +$574K |
|
1794
Pathward Financial
CASH
$1.74B
| $4.68M | 0.01% |
237,944
+121,660
| +105% | +$2.66M |
|
1795
PUT
McKesson
MCK
$106B
| $4.68M | 0.01% |
+40,000
| New | +$4.94M |
|
|
DCH
1796
Dauch Corp
DCH
$1.53B
| $4.68M | 0.01% |
327,010
-619,325
| -65% | -$8.96M |
|
1797
Qorvo
QRVO
$8.32B
| $4.67M | 0.01% |
65,137
-20,525
| -24% | -$1.36M |
|
1798
Towne Bank
TOWN
$3.49B
| $4.64M | 0.01% |
187,446
-11,633
| -6% | -$306K |
|
|
SPTN
1799
DELISTED
SpartanNash
SPTN
| $4.63M | 0.01% |
292,040
+43,642
| +18% | +$837K |
|
1800
First Financial Bancorp
FFBC
$3.43B
| $4.63M | 0.01% |
192,387
+172,197
| +853% | +$4.47M |
|
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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.