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 | |
|---|---|---|---|---|---|---|
|
REVG
1826
DELISTED
REV Group
REVG
| $4.49M | 0.01% |
409,954
+190,660
| +87% | +$1.72M |
|
|
STAY
1827
CALL
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $4.49M | 0.01% |
+250,100
| New | +$4.35M |
|
1828
Korn Ferry
KFY
$4.33B
| $4.49M | 0.01% |
100,176
+31,789
| +46% | +$1.45M |
|
|
LTC
1829
LTC Properties
LTC
$2.19B
| $4.48M | 0.01% |
97,827
-2,634
| -3% | -$118K |
|
1830
CALL
Lam Research
LRCX
$394B
| $4.47M | 0.01% |
+250,000
| New | +$4.17M |
|
1831
PUT
United Rentals
URI
$65.6B
| $4.47M | 0.01% |
+39,100
| New | +$4.83M |
|
1832
Avnet
AVT
$7.19B
| $4.45M | 0.01% |
102,553
-1,067,903
| -91% | -$45.1M |
|
1833
Domo
DOMO
$175M
| $4.44M | 0.01% |
110,182
-359,252
| -77% | -$11M |
|
1834
Progress Software
PRGS
$1.78B
| $4.44M | 0.01% |
100,105
-200,110
| -67% | -$7.32M |
|
|
IPHS
1835
DELISTED
Innophos Holdings, Inc.
IPHS
| $4.44M | 0.01% |
147,362
+77,765
| +112% | +$2.33M |
|
|
XLNX
1836
PUT
DELISTED
Xilinx Inc
XLNX
| $4.44M | 0.01% |
+35,000
| New | +$3.93M |
|
1837
iShares Russell 1000 Value ETF
IWD
$84.2B
| $4.43M | 0.01% |
35,873
-31,427
| -47% | -$3.78M |
|
|
ESPR
1838
CALL
DELISTED
Esperion Therapeutics
ESPR
| $4.42M | 0.01% |
+110,000
| New | +$4.93M |
|
1839
Pinduoduo
PDD
$125B
| $4.42M | 0.01% |
178,007
+88,547
| +99% | +$2.38M |
|
1840
CALL
Neurocrine Biosciences
NBIX
$15.6B
| $4.41M | 0.01% |
+50,000
| New | +$4.18M |
|
1841
e.l.f. Beauty
ELF
$6.24B
| $4.39M | 0.01% |
414,592
-107,918
| -21% | -$962K |
|
1842
Sociedad Química y Minera de Chile
SQM
$22.6B
| $4.39M | 0.01% |
114,321
+101,399
| +785% | +$4.14M |
|
1843
CEVA Inc
CEVA
$762M
| $4.38M | 0.01% |
162,522
+43,370
| +36% | +$1.18M |
|
|
FOE
1844
DELISTED
Ferro Corporation
FOE
| $4.38M | 0.01% |
231,492
-571,151
| -71% | -$10.1M |
|
1845
LXP Industrial Trust
LXP
$3.6B
| $4.36M | 0.01% |
96,339
-85,781
| -47% | -$3.91M |
|
1846
Oil States International
OIS
$506M
| $4.36M | 0.01% |
+257,202
| New | +$4.35M |
|
1847
Invesco Senior Loan ETF
BKLN
$6.78B
| $4.35M | 0.01% |
191,971
+162,171
| +544% | +$3.66M |
|
|
NLSN
1848
CALL
DELISTED
Nielsen Holdings plc
NLSN
| $4.34M | 0.01% |
183,500
+39,100
| +27% | +$1.01M |
|
1849
Graco
GGG
$12.7B
| $4.34M | 0.01% |
87,663
-280,301
| -76% | -$12.7M |
|
1850
Preferred Bank
PFBC
$1.23B
| $4.33M | 0.01% |
96,360
-60,120
| -38% | -$2.86M |
|
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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.