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 |
LyondellBasell Industries
LYB
|
+$492M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
+$392M |
| 3 |
Apple
AAPL
|
+$245M |
| 4 |
AGN
Allergan plc
AGN
|
+$238M |
| 5 |
NXP Semiconductors
NXPI
|
+$226M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$568M |
| 2 |
Coty
COTY
|
+$491M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$224M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$211M |
| 5 |
Sysco
SYY
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.43% |
| 2 | Healthcare | 13.06% |
| 3 | Technology | 11.97% |
| 4 | Financials | 10.69% |
| 5 | Consumer Discretionary | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SIVB
2601
DELISTED
SVB Financial Group
SIVB
| $1.36M | ﹤0.01% |
6,040
-3,376
| -36% | -$781K |
|
2602
Steven Madden
SHOO
$3.27B
| $1.34M | ﹤0.01% |
39,565
-1,754
| -4% | -$57.7K |
|
2603
Cohen & Steers Quality Income Realty Fund
RQI
$1.67B
| $1.34M | ﹤0.01% |
97,982
-57,864
| -37% | -$770K |
|
|
CIC.U
2604
DELISTED
Capitol Investment Corp. IV
CIC.U
| $1.34M | ﹤0.01% |
125,000
| – | – |
|
2605
PUT
Clorox
CLX
$12.5B
| $1.33M | ﹤0.01% |
+8,700
| New | +$1.33M |
|
|
PDLI
2606
DELISTED
PDL BioPharma, Inc.
PDLI
| $1.33M | ﹤0.01% |
424,052
+355,364
| +517% | +$1.15M |
|
2607
Murphy USA
MUSA
$9.36B
| $1.33M | ﹤0.01% |
+15,813
| New | +$1.32M |
|
|
ALNA
2608
DELISTED
Allena Pharmaceuticals
ALNA
| $1.33M | ﹤0.01% |
+325,717
| New | +$1.78M |
|
|
MRO
2609
CALL
DELISTED
Marathon Oil Corporation
MRO
| $1.32M | ﹤0.01% |
92,800
+76,400
| +466% | +$1.18M |
|
2610
PUT
Molina Healthcare
MOH
$10.4B
| $1.32M | ﹤0.01% |
+9,200
| New | +$1.26M |
|
2611
TechTarget
TTGT
$283M
| $1.32M | ﹤0.01% |
+61,918
| New | +$1.16M |
|
|
FBMS
2612
DELISTED
The First Bancshares, Inc.
FBMS
| $1.32M | ﹤0.01% |
43,379
+23,933
| +123% | +$732K |
|
2613
Gen Digital
GEN
$18.3B
| $1.31M | ﹤0.01% |
60,433
+106
| +0.2% | +$2.28K |
|
2614
MeiraGTx Holdings
MGTX
$1.36B
| $1.31M | ﹤0.01% |
48,768
+38,217
| +362% | +$789K |
|
2615
AtriCure
ATRC
$2.51B
| $1.31M | ﹤0.01% |
43,800
-576,772
| -93% | -$16.8M |
|
2616
Savara
SVRA
$1.13B
| $1.31M | ﹤0.01% |
551,501
+402,984
| +271% | +$3.58M |
|
2617
CALL
Intercontinental Exchange
ICE
$90.5B
| $1.31M | ﹤0.01% |
+15,200
| New | +$1.24M |
|
|
2618
PUT
Intercontinental Exchange
ICE
$90.5B
| $1.31M | ﹤0.01% |
+15,200
| New | +$1.24M |
|
|
NGHC
2619
DELISTED
National General Holdings Corp
NGHC
| $1.3M | ﹤0.01% |
56,820
-367,038
| -87% | -$8.76M |
|
2620
FormFactor
FORM
$8.61B
| $1.3M | ﹤0.01% |
+82,966
| New | +$1.36M |
|
2621
Nuveen Credit Strategies Income Fund
JQC
$701M
| $1.29M | ﹤0.01% |
163,523
-109,127
| -40% | -$862K |
|
2622
RELX
RELX
$63.2B
| $1.29M | ﹤0.01% |
53,060
-158,057
| -75% | -$3.64M |
|
2623
Repligen
RGEN
$10.3B
| $1.29M | ﹤0.01% |
15,068
-34,938
| -70% | -$2.38M |
|
2624
Kimbell Royalty Partners
KRP
$1.54B
| $1.29M | ﹤0.01% |
80,000
+55,926
| +232% | +$958K |
|
2625
PUT
Seagate
STX
$192B
| $1.29M | ﹤0.01% |
27,300
| – | – |
|
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Israel Englander's Q2 2019 Portfolio in Review
As of Q2 2019, Israel Englander held 4,801 positions worth $66.5B, down 0.45% from $66.8B the previous quarter. Its ten largest holdings account for 7.7% of the portfolio.
Israel Englander withdrew a net $3.96B in Q2 2019, closing 810 positions and reducing 1,571 holdings. Its most notable exit was Sysco, an estimated $208M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 18% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Israel Englander opened a new position in Moody's worth $125M.
- Israel Englander's largest Q2 2019 buy was Moody's: 638,271 shares worth $125M.
- Israel Englander added most to LyondellBasell Industries in Q2 2019, an estimated $492M increase.
- Israel Englander's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $568M.
- Israel Englander fully exited Sysco in Q2 2019, selling an estimated $208M.
- Israel Englander's ten largest holdings make up 7.7% of its $66.5B portfolio in Q2 2019.
- Israel Englander opened 865 new positions and closed 810 in Q2 2019.
- Israel Englander's portfolio value fell 0.45% quarter-over-quarter to $66.5B.
Based on Millennium Management's 13F filing for Q2 2019, filed 14 Aug 2019.