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 | |
|---|---|---|---|---|---|---|
|
BFX
1976
DELISTED
BowFlex Inc.
BFX
| $3.53M | 0.01% |
635,360
+214,325
| +51% | +$1.66M |
|
|
DOO
1977
Bombardier Recreational Products
DOO
$4.48B
| $3.53M | 0.01% |
127,242
-8,025
| -6% | -$229K |
|
|
MRT
1978
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $3.52M | 0.01% |
+316,398
| New | +$3.42M |
|
1979
CALL
Dell
DELL
$300B
| $3.52M | 0.01% |
+118,380
| New | +$3.12M |
|
|
CBL
1980
DELISTED
CBL& Associates Properties, Inc.
CBL
| $3.52M | 0.01% |
+2,270,274
| New | +$4.84M |
|
1981
Regis Corp
RGS
$67M
| $3.51M | 0.01% |
8,927
+6,149
| +221% | +$2.28M |
|
|
MCHB
1982
Mechanics Bancorp
MCHB
$3.55B
| $3.51M | 0.01% |
133,143
+111,929
| +528% | +$2.91M |
|
|
AEPPL
1983
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $3.51M | 0.01% |
+68,544
| New | +$3.53M |
|
|
BID
1984
DELISTED
Sotheby's
BID
| $3.51M | 0.01% |
92,888
+47,408
| +104% | +$1.9M |
|
1985
Silicon Laboratories
SLAB
$7.29B
| $3.5M | 0.01% |
43,269
+30,853
| +248% | +$2.57M |
|
1986
SiriusPoint
SPNT
$2.78B
| $3.49M | 0.01% |
336,311
+241,868
| +256% | +$2.57M |
|
1987
Aldeyra Therapeutics
ALDX
$94.1M
| $3.49M | 0.01% |
386,433
-271,543
| -41% | -$2.31M |
|
1988
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $3.48M | 0.01% |
62,095
-45,853
| -42% | -$2.45M |
|
|
Y
1989
DELISTED
Alleghany Corp
Y
| $3.47M | 0.01% |
5,672
+5,264
| +1,290% | +$3.29M |
|
|
IMGN
1990
DELISTED
Immunogen Inc
IMGN
| $3.47M | 0.01% |
1,281,176
-3,108,084
| -71% | -$13.5M |
|
1991
Medtronic
MDT
$117B
| $3.47M | 0.01% |
38,081
-1,705,702
| -98% | -$153M |
|
1992
Nordson
NDSN
$18.6B
| $3.47M | 0.01% |
26,168
-203,717
| -89% | -$26.6M |
|
|
EB
1993
DELISTED
Eventbrite
EB
| $3.46M | 0.01% |
180,706
+161,201
| +826% | +$4.55M |
|
1994
CALL
Southwest Airlines
LUV
$20.1B
| $3.46M | 0.01% |
+66,600
| New | +$3.51M |
|
1995
M&T Bank
MTB
$34.9B
| $3.46M | 0.01% |
22,004
-566,049
| -96% | -$92.9M |
|
|
MYOV
1996
DELISTED
Myovant Sciences Ltd.
MYOV
| $3.46M | 0.01% |
144,761
+99,487
| +220% | +$2.03M |
|
1997
Telkom Indonesia
TLK
$14.6B
| $3.45M | 0.01% |
125,718
+117,461
| +1,423% | +$3.2M |
|
|
AIFU
1998
AIFU Inc
AIFU
$134M
| $3.45M | 0.01% |
328
+270
| +466% | +$2.67M |
|
1999
CorVel
CRVL
$3.56B
| $3.45M | 0.01% |
158,448
+13,194
| +9% | +$282K |
|
2000
American Public Education
APEI
$846M
| $3.44M | 0.01% |
114,332
-38,138
| -25% | -$1.18M |
|
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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.