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 | |
|---|---|---|---|---|---|---|
1926
Southwest Gas
SWX
$6.45B
| $3.81M | 0.01% |
+46,278
| New | +$3.7M |
|
|
LKFT
1927
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.94B
| $3.8M | 0.01% |
32,263
-40,275
| -56% | -$4.06M |
|
1928
iShares MSCI Poland ETF
EPOL
$865M
| $3.79M | 0.01% |
165,756
+122,620
| +284% | +$2.88M |
|
1929
PUT
LyondellBasell Industries
LYB
$20.2B
| $3.79M | 0.01% |
45,100
-47,700
| -51% | -$4.12M |
|
1930
Enovis
ENOV
$1.48B
| $3.78M | 0.01% |
73,916
-528,479
| -88% | -$23.2M |
|
1931
PUT
Integer Holdings
ITGR
$4.26B
| $3.77M | 0.01% |
+50,000
| New | +$4.09M |
|
1932
W.R. Berkley
WRB
$25.4B
| $3.76M | 0.01% |
149,830
-498,565
| -77% | -$11.8M |
|
1933
Magnite
MGNI
$3.43B
| $3.76M | 0.01% |
618,422
+534,231
| +635% | +$2.75M |
|
1934
CALL
Jefferies Financial Group
JEF
$12.1B
| $3.76M | 0.01% |
+223,426
| New | +$3.94M |
|
|
INSY
1935
DELISTED
Insys Therapeutics, Inc.
INSY
| $3.75M | 0.01% |
812,262
+266,775
| +49% | +$1.26M |
|
|
FMBI
1936
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $3.75M | 0.01% |
183,372
-316,083
| -63% | -$6.9M |
|
|
EDN
1937
Edenor
EDN
$1.04B
| $3.75M | 0.01% |
191,314
+121,383
| +174% | +$3.2M |
|
1938
PUT
iRhythm Holdings
IRTC
$4.06B
| $3.75M | 0.01% |
+50,000
| New | +$4.27M |
|
1939
iShares S&P 500 Value ETF
IVE
$50.3B
| $3.75M | 0.01% |
33,233
+18,980
| +133% | +$2.08M |
|
|
PGTI
1940
DELISTED
PGT, Inc.
PGTI
| $3.74M | 0.01% |
269,871
+169,471
| +169% | +$2.68M |
|
1941
Sibanye-Stillwater
SBSW
$8.87B
| $3.72M | 0.01% |
901,260
-4,080,749
| -82% | -$15.4M |
|
1942
FTI Consulting
FCN
$4.19B
| $3.72M | 0.01% |
48,394
+6,686
| +16% | +$472K |
|
|
CSW
1943
CSW Industrials
CSW
$5.26B
| $3.71M | 0.01% |
64,833
+40,387
| +165% | +$2.18M |
|
1944
Hope Bancorp
HOPE
$1.77B
| $3.71M | 0.01% |
+283,814
| New | +$3.96M |
|
1945
POSCO
PKX
$18B
| $3.71M | 0.01% |
67,192
-42,582
| -39% | -$2.47M |
|
1946
State Street SPDR S&P Retail ETF
XRT
$325M
| $3.71M | 0.01% |
82,338
+75,406
| +1,088% | +$3.35M |
|
|
OPB
1947
DELISTED
Opus Bank Common Stock
OPB
| $3.7M | 0.01% |
186,905
+155,381
| +493% | +$3.29M |
|
1948
Kearny Financial
KRNY
$642M
| $3.7M | 0.01% |
287,348
-35,879
| -11% | -$471K |
|
1949
Vanguard Total Bond Market
BND
$162B
| $3.7M | 0.01% |
45,532
-35,547
| -44% | -$2.84M |
|
1950
APA Corp
APA
$14.5B
| $3.69M | 0.01% |
106,604
+6,491
| +6% | +$212K |
|
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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.