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 | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $885M | 1.32% |
11,941,633
+310,000
| +3% | +$21.3M |
|
|
2
Walt Disney
DIS
$186B
| $665M | 1% |
5,988,220
+5,864,219
| +4,729% | +$655M |
|
|
3
Coty
COTY
$2.41B
| $463M | 0.69% |
40,258,234
+40,220,912
| +107,767% | +$380M |
|
4
PUT
Amazon
AMZN
$2.79T
| $449M | 0.67% |
5,046,000
+2,058,000
| +69% | +$171M |
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $428M | 0.64% |
2,385,000
+1,214,100
| +104% | +$206M |
|
|
6
PUT
Coty
COTY
$2.41B
| $423M | 0.63% |
+36,750,000
| New | +$348M |
|
7
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $369M | 0.55% |
1,305,400
+528,100
| +68% | +$143M |
|
|
RHT
8
DELISTED
Red Hat Inc
RHT
| $366M | 0.55% |
2,003,931
+423,711
| +27% | +$76M |
|
|
APC
9
DELISTED
Anadarko Petroleum
APC
| $348M | 0.52% |
7,647,054
+2,351,233
| +44% | +$107M |
|
|
10
ConocoPhillips
COP
$162B
| $325M | 0.49% |
4,875,652
+3,723,076
| +323% | +$250M |
|
11
Visa
V
$693B
| $309M | 0.46% |
1,980,198
-620,399
| -24% | -$89.4M |
|
|
12
PUT
Apple
AAPL
$4.51T
| $299M | 0.45% |
6,302,800
+1,905,200
| +43% | +$80.8M |
|
|
13
Amazon
AMZN
$2.79T
| $299M | 0.45% |
3,352,900
+647,520
| +24% | +$53.9M |
|
|
14
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $291M | 0.44% |
4,950,000
+3,048,000
| +160% | +$172M |
|
15
Oracle
ORCL
$422B
| $291M | 0.44% |
5,423,200
-4,628,713
| -46% | -$236M |
|
16
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $281M | 0.42% |
6,550,000
+6,046,600
| +1,201% | +$254M |
|
17
Honeywell
HON
$68.4B
| $262M | 0.39% |
1,749,290
-585,128
| -25% | -$81.8M |
|
18
Gilead Sciences
GILD
$181B
| $257M | 0.38% |
3,954,388
-360,778
| -8% | -$24M |
|
19
Bristol-Myers Squibb
BMY
$137B
| $254M | 0.38% |
5,320,635
-1,882,341
| -26% | -$93.8M |
|
20
PUT
Microsoft
MSFT
$3.59T
| $253M | 0.38% |
2,146,900
+1,012,200
| +89% | +$110M |
|
|
CELG
21
DELISTED
Celgene Corp
CELG
| $252M | 0.38% |
2,672,850
-3,269,419
| -55% | -$286M |
|
22
PUT
Meta Platforms (Facebook)
META
$1.4T
| $251M | 0.38% |
1,505,400
+490,300
| +48% | +$78M |
|
23
Union Pacific
UNP
$183B
| $248M | 0.37% |
1,484,085
+475,575
| +47% | +$76.5M |
|
|
24
Zimmer Biomet
ZBH
$19.3B
| $232M | 0.35% |
+1,870,503
| New | +$213M |
|
|
25
CALL
Amazon
AMZN
$2.79T
| $228M | 0.34% |
2,560,000
+818,000
| +47% | +$68.1M |
|
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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.