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 | |
|---|---|---|---|---|---|---|
|
CDR
1901
DELISTED
Cedar Realty Trust, Inc
CDR
| $3.94M | 0.01% |
175,622
+8,797
| +5% | +$198K |
|
|
XHR
1902
Xenia Hotels & Resorts
XHR
$1.82B
| $3.94M | 0.01% |
179,585
-428,215
| -70% | -$8.15M |
|
1903
Acushnet Holdings
GOLF
$5.04B
| $3.93M | 0.01% |
170,030
-109,438
| -39% | -$2.56M |
|
|
BLUE
1904
CALL
DELISTED
bluebird bio
BLUE
| $3.93M | 0.01% |
+1,930
| New | +$3.4M |
|
1905
Equifax
EFX
$22.5B
| $3.93M | 0.01% |
33,192
+28,846
| +664% | +$3.08M |
|
1906
MillerKnoll
MLKN
$1.58B
| $3.93M | 0.01% |
111,789
-234,181
| -68% | -$8.17M |
|
1907
Capitol Federal Financial
CFFN
$1.05B
| $3.93M | 0.01% |
+294,392
| New | +$3.9M |
|
1908
Jefferies Financial Group
JEF
$12.1B
| $3.92M | 0.01% |
232,942
+143,871
| +162% | +$2.54M |
|
1909
AdvanSix
ASIX
$442M
| $3.92M | 0.01% |
137,113
+37,712
| +38% | +$1.15M |
|
1910
iShares Russell 1000 Growth ETF
IWF
$125B
| $3.92M | 0.01% |
+103,452
| New | +$3.72M |
|
1911
Amalgamated Financial
AMAL
$1.45B
| $3.91M | 0.01% |
249,703
-364,825
| -59% | -$6.56M |
|
1912
CALL
PayPal
PYPL
$53.3B
| $3.89M | 0.01% |
+37,500
| New | +$3.55M |
|
|
ARCH
1913
DELISTED
Arch Resources, Inc.
ARCH
| $3.89M | 0.01% |
42,658
-218,834
| -84% | -$19.3M |
|
1914
Forrester Research
FORR
$229M
| $3.89M | 0.01% |
80,439
+8,467
| +12% | +$395K |
|
1915
TAL Education Group
TAL
$6.43B
| $3.89M | 0.01% |
107,736
+49,763
| +86% | +$1.61M |
|
|
LABL
1916
DELISTED
Multi-Color Corp
LABL
| $3.89M | 0.01% |
77,892
-26,804
| -26% | -$1.25M |
|
1917
Under Armour Class C
UA
$2.15B
| $3.88M | 0.01% |
205,848
+166,420
| +422% | +$3.15M |
|
1918
CALL
Howmet Aerospace
HWM
$105B
| $3.86M | 0.01% |
+263,538
| New | +$3.78M |
|
|
1919
PUT
Howmet Aerospace
HWM
$105B
| $3.86M | 0.01% |
+263,538
| New | +$3.78M |
|
1920
Grupo Aeroportuario del Sureste
ASR
$7.92B
| $3.85M | 0.01% |
23,828
+18,585
| +354% | +$3.11M |
|
|
IMMU
1921
CALL
DELISTED
Immunomedics Inc
IMMU
| $3.84M | 0.01% |
200,000
-30,000
| -13% | -$484K |
|
|
PCMI
1922
DELISTED
PCM, Inc
PCMI
| $3.84M | 0.01% |
104,779
-36,368
| -26% | -$1.01M |
|
1923
CALL
GrafTech
EAF
$175M
| $3.84M | 0.01% |
30,000
| – | – |
|
1924
New Fortress Energy
NFE
$81.9M
| $3.83M | 0.01% |
+328,091
| New | +$4.28M |
|
|
SRDX
1925
DELISTED
Surmodics
SRDX
| $3.82M | 0.01% |
87,949
-64,362
| -42% | -$3.28M |
|
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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.