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 | |
|---|---|---|---|---|---|---|
|
FIT
1876
PUT
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $4.14M | 0.01% |
700,000
+200,000
| +40% | +$1.21M |
|
1877
Sonic Automotive
SAH
$2.43B
| $4.14M | 0.01% |
+279,425
| New | +$4.19M |
|
1878
PUT
Abbott
ABT
$201B
| $4.13M | 0.01% |
+51,600
| New | +$3.84M |
|
|
TKKSU
1879
DELISTED
TKK Symphony Acquisition Corporation Unit
TKKSU
| $4.12M | 0.01% |
400,000
| – | – |
|
|
VG
1880
DELISTED
Vonage Holdings Corporation
VG
| $4.11M | 0.01% |
409,785
-1,190,906
| -74% | -$11.4M |
|
1881
Xerox
XRX
$387M
| $4.11M | 0.01% |
128,532
-445,797
| -78% | -$12.6M |
|
|
ATVI
1882
PUT
DELISTED
Activision Blizzard
ATVI
| $4.08M | 0.01% |
+89,700
| New | +$4.05M |
|
|
CFFAU
1883
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
| $4.08M | 0.01% |
400,000
| – | – |
|
1884
Central Garden & Pet Co Class A
CENTA
$2.39B
| $4.07M | 0.01% |
218,866
+49,352
| +29% | +$1.19M |
|
1885
Ziff Davis
ZD
$1.9B
| $4.07M | 0.01% |
+54,019
| New | +$3.73M |
|
|
DNR
1886
DELISTED
Denbury Resources, Inc.
DNR
| $4.07M | 0.01% |
1,984,107
-3,055,872
| -61% | -$6.09M |
|
1887
J&J Snack Foods
JJSF
$1.67B
| $4.07M | 0.01% |
25,601
+21,193
| +481% | +$3.23M |
|
|
QUOT
1888
DELISTED
Quotient Technology Inc
QUOT
| $4.04M | 0.01% |
409,732
+113,627
| +38% | +$1.17M |
|
1889
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $4.04M | 0.01% |
+48,089
| New | +$3.96M |
|
1890
MBIA
MBI
$250M
| $4.03M | 0.01% |
422,945
+220,189
| +109% | +$2.16M |
|
|
TLND
1891
DELISTED
Talend S.A. American Depositary Shares
TLND
| $4.02M | 0.01% |
79,546
-231,858
| -74% | -$9.9M |
|
|
NLSN
1892
DELISTED
Nielsen Holdings plc
NLSN
| $4M | 0.01% |
169,201
+148,348
| +711% | +$3.84M |
|
|
IMGN
1893
CALL
DELISTED
Immunogen Inc
IMGN
| $3.99M | 0.01% |
1,473,400
+342,300
| +30% | +$1.48M |
|
1894
Andersons Inc
ANDE
$2.24B
| $3.98M | 0.01% |
123,331
-91,061
| -42% | -$3.16M |
|
|
EXTN
1895
DELISTED
Exterran Corporation
EXTN
| $3.97M | 0.01% |
+235,791
| New | +$4.2M |
|
1896
Sony
SONY
$141B
| $3.97M | 0.01% |
469,805
-2,186,315
| -82% | -$20.5M |
|
|
USWS
1897
DELISTED
U.S. Well Services, Inc. Class A Common Stock
USWS
| $3.97M | 0.01% |
23,668
-2,428
| -9% | -$400K |
|
1898
Cinemark Holdings
CNK
$4.34B
| $3.96M | 0.01% |
98,995
-199,794
| -67% | -$7.81M |
|
|
DBD
1899
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.95M | 0.01% |
356,963
+327,379
| +1,107% | +$2.29M |
|
1900
Cirrus Logic
CRUS
$5.58B
| $3.95M | 0.01% |
93,879
-255,296
| -73% | -$9.85M |
|
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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.