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 | |
|---|---|---|---|---|---|---|
|
GLUU
2001
DELISTED
Glu Mobile Inc.
GLUU
| $3.44M | 0.01% |
314,368
-1,981,666
| -86% | -$18.6M |
|
|
ARD
2002
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $3.43M | 0.01% |
263,915
+17,013
| +7% | +$210K |
|
|
CTWS
2003
DELISTED
Connecticut Water Service Inc
CTWS
| $3.43M | 0.01% |
49,955
-1,280
| -2% | -$86.2K |
|
|
KRA
2004
DELISTED
Kraton Corporation
KRA
| $3.42M | 0.01% |
106,431
+71,758
| +207% | +$2.16M |
|
2005
PUT
Stanley Black & Decker
SWK
$15B
| $3.42M | 0.01% |
+25,100
| New | +$3.27M |
|
2006
Bank First Corp
BFC
$1.7B
| $3.41M | 0.01% |
+57,597
| New | +$3.08M |
|
|
HABT
2007
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $3.41M | 0.01% |
315,001
-436,371
| -58% | -$4.8M |
|
|
ROAN
2008
DELISTED
Roan Resources, Inc.
ROAN
| $3.4M | 0.01% |
+556,784
| New | +$4.83M |
|
|
ODP
2009
DELISTED
ODP
ODP
| $3.4M | 0.01% |
93,653
-413,142
| -82% | -$13.3M |
|
2010
CareDx
CDNA
$2.59B
| $3.38M | 0.01% |
107,402
-55,621
| -34% | -$1.62M |
|
|
STML
2011
DELISTED
Stemline Therapeutics, Inc.
STML
| $3.38M | 0.01% |
263,322
-41,854
| -14% | -$473K |
|
2012
PUT
NetEase
NTES
$79.1B
| $3.38M | 0.01% |
+70,000
| New | +$3.33M |
|
|
SGEN
2013
DELISTED
Seagen Inc. Common Stock
SGEN
| $3.38M | 0.01% |
+46,097
| New | +$3.28M |
|
|
AQ
2014
DELISTED
Aquantia Corp. Common Stock
AQ
| $3.38M | 0.01% |
372,626
+247,151
| +197% | +$2.11M |
|
2015
Varex Imaging
VREX
$781M
| $3.36M | 0.01% |
+99,093
| New | +$2.99M |
|
2016
EXL Service
EXLS
$5.66B
| $3.36M | 0.01% |
279,590
+239,665
| +600% | +$2.81M |
|
2017
PUT
Fortive
FTV
$18.3B
| $3.36M | 0.01% |
+63,431
| New | +$3.09M |
|
2018
Algonquin Power & Utilities
AQN
$4.4B
| $3.35M | 0.01% |
297,158
+267,017
| +886% | +$2.92M |
|
2019
TTEC Holdings
TTEC
$68M
| $3.35M | 0.01% |
92,434
-17,709
| -16% | -$598K |
|
2020
STAG Industrial
STAG
$7.19B
| $3.35M | 0.01% |
112,903
-28,620
| -20% | -$790K |
|
|
EBIX
2021
DELISTED
Ebix Inc
EBIX
| $3.35M | 0.01% |
67,747
-246,215
| -78% | -$13M |
|
|
APC
2022
CALL
DELISTED
Anadarko Petroleum
APC
| $3.34M | 0.01% |
+73,500
| New | +$3.33M |
|
2023
Community Trust Bancorp
CTBI
$1.39B
| $3.34M | 0.01% |
81,375
+48,775
| +150% | +$2.03M |
|
2024
OR Royalties Inc
OR
$7.17B
| $3.34M | 0.01% |
297,258
-23,060
| -7% | -$237K |
|
|
UMH
2025
UMH Properties
UMH
$1.41B
| $3.34M | 0.01% |
236,954
-206,720
| -47% | -$2.77M |
|
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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.