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 | |
|---|---|---|---|---|---|---|
1851
PUT
Alibaba
BABA
$286B
| $4.32M | 0.01% |
+23,700
| New | +$3.99M |
|
|
HTZ
1852
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $4.32M | 0.01% |
286,217
+252,680
| +753% | +$3.68M |
|
1853
PUT
ICU Medical
ICUI
$4.56B
| $4.31M | 0.01% |
18,000
+8,000
| +80% | +$1.92M |
|
1854
CALL
Adobe
ADBE
$109B
| $4.29M | 0.01% |
+16,100
| New | +$4.06M |
|
1855
Keurig Dr Pepper
KDP
$43.3B
| $4.27M | 0.01% |
152,660
-218,905
| -59% | -$5.91M |
|
|
WLH
1856
DELISTED
WILLIAM LYON HOMES
WLH
| $4.27M | 0.01% |
277,811
+9,869
| +4% | +$136K |
|
1857
Talos Energy
TALO
$2.75B
| $4.26M | 0.01% |
160,544
-28,835
| -15% | -$625K |
|
|
GDEN
1858
DELISTED
Golden Entertainment
GDEN
| $4.26M | 0.01% |
300,931
-140,463
| -32% | -$2.46M |
|
|
TRTX
1859
TPG RE Finance Trust
TRTX
$599M
| $4.26M | 0.01% |
217,130
-33,502
| -13% | -$660K |
|
1860
CALL
Evertec
EVTC
$1.79B
| $4.25M | 0.01% |
+153,000
| New | +$4.33M |
|
|
HRC
1861
CALL
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $4.23M | 0.01% |
40,000
+30,000
| +300% | +$3.02M |
|
1862
Dime Commercial Bancshares
DCOM
$1.78B
| $4.23M | 0.01% |
144,470
+27,316
| +23% | +$828K |
|
|
NPKI
1863
NPK International
NPKI
$1.12B
| $4.23M | 0.01% |
461,320
+357,065
| +342% | +$3.06M |
|
1864
PUT
Marriott International
MAR
$93.3B
| $4.21M | 0.01% |
43,800
+37,900
| +642% | +$4.46M |
|
|
PDM
1865
Piedmont Realty Trust
PDM
$1.24B
| $4.21M | 0.01% |
202,050
+159,808
| +378% | +$3.14M |
|
1866
American States Water
AWR
$3.58B
| $4.21M | 0.01% |
59,052
+10,155
| +21% | +$696K |
|
1867
LyondellBasell Industries
LYB
$20.2B
| $4.21M | 0.01% |
50,027
-34,525
| -41% | -$2.98M |
|
1868
NextEra Energy
NEE
$176B
| $4.2M | 0.01% |
86,912
+37,024
| +74% | +$1.69M |
|
|
TCRR
1869
DELISTED
TCR2 Therapeutics Inc. Common Stock
TCRR
| $4.19M | 0.01% |
+240,638
| New | +$4.27M |
|
|
MOR
1870
DELISTED
MorphoSys AG American Depositary Shares
MOR
| $4.19M | 0.01% |
184,715
+8,539
| +5% | +$224K |
|
|
GES
1871
DELISTED
Guess Inc
GES
| $4.18M | 0.01% |
213,514
+138,366
| +184% | +$2.93M |
|
|
BFS
1872
Saul Centers
BFS
$844M
| $4.17M | 0.01% |
81,194
+16,800
| +26% | +$891K |
|
1873
iShares Core US Aggregate Bond ETF
AGG
$139B
| $4.17M | 0.01% |
38,216
-37,247
| -49% | -$3.99M |
|
|
CBB
1874
DELISTED
Cincinnati Bell Inc.
CBB
| $4.16M | 0.01% |
436,300
+385,785
| +764% | +$3.49M |
|
|
MASI
1875
PUT
DELISTED
Masimo
MASI
| $4.15M | 0.01% |
+30,000
| New | +$3.77M |
|
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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.