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 | |
|---|---|---|---|---|---|---|
1951
Valley National Bancorp
VLY
$7.77B
| $3.69M | 0.01% |
+385,716
| New | +$3.93M |
|
1952
UroGen Pharma
URGN
$2.23B
| $3.69M | 0.01% |
99,894
-9,998
| -9% | -$419K |
|
|
TAST
1953
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $3.69M | 0.01% |
370,139
-71,788
| -16% | -$700K |
|
|
GLIBA
1954
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $3.69M | 0.01% |
66,259
+39,325
| +146% | +$1.99M |
|
1955
BancFirst
BANF
$3.75B
| $3.68M | 0.01% |
70,644
+6,581
| +10% | +$356K |
|
|
GNFT
1956
DELISTED
Genfit
GNFT
| $3.68M | 0.01% |
+153,428
| New | +$3.54M |
|
|
FLIC
1957
DELISTED
First of Long Island Corp
FLIC
| $3.68M | 0.01% |
167,732
+16,045
| +11% | +$351K |
|
|
AZRE
1958
DELISTED
Azure Power Global Limited
AZRE
| $3.66M | 0.01% |
324,893
-4,837
| -1% | -$50K |
|
|
ARGO
1959
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $3.66M | 0.01% |
51,752
+36,956
| +250% | +$2.51M |
|
1960
CALL
Jack in the Box
JACK
$319M
| $3.65M | 0.01% |
45,000
+20,000
| +80% | +$1.6M |
|
|
NP
1961
DELISTED
Neenah, Inc. Common Stock
NP
| $3.65M | 0.01% |
+56,637
| New | +$3.76M |
|
|
MNTV
1962
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $3.64M | 0.01% |
+199,982
| New | +$2.81M |
|
|
TVTY
1963
CALL
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $3.64M | 0.01% |
+207,100
| New | +$4.41M |
|
1964
Huron Consulting
HURN
$2.5B
| $3.63M | 0.01% |
76,902
-87,412
| -53% | -$4.32M |
|
1965
PUT
Allegion
ALLE
$13.6B
| $3.63M | 0.01% |
40,000
+30,500
| +321% | +$2.65M |
|
1966
Badger Meter
BMI
$3.94B
| $3.62M | 0.01% |
64,967
+59,554
| +1,100% | +$3.31M |
|
1967
Innospec
IOSP
$2.32B
| $3.6M | 0.01% |
43,196
+29,898
| +225% | +$2.23M |
|
|
RESI
1968
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $3.59M | 0.01% |
+387,359
| New | +$4.04M |
|
1969
RPM International
RPM
$13.6B
| $3.59M | 0.01% |
61,855
-235,940
| -79% | -$13.4M |
|
1970
Dave & Buster's
PLAY
$351M
| $3.58M | 0.01% |
71,854
-317,082
| -82% | -$15.6M |
|
1971
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $3.58M | 0.01% |
67,809
+34,306
| +102% | +$1.79M |
|
|
AUD
1972
DELISTED
Audacy, Inc.
AUD
| $3.58M | 0.01% |
682,330
+651,640
| +2,123% | +$4.31M |
|
1973
Ross Stores
ROST
$77.4B
| $3.58M | 0.01% |
38,416
-732,397
| -95% | -$67.2M |
|
1974
Mesa Laboratories
MLAB
$702M
| $3.55M | 0.01% |
15,405
+11,839
| +332% | +$2.68M |
|
1975
Selective Insurance
SIGI
$5.47B
| $3.53M | 0.01% |
55,826
+31,992
| +134% | +$2.01M |
|
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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.