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 | Healthcare | 13.06% |
| 2 | Technology | 11.97% |
| 3 | Financials | 10.69% |
| 4 | Consumer Discretionary | 8.47% |
| 5 | Industrials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
IPG Photonics
IPGP
$3.16B
| $3.84M | 0.01% |
+24,886
| New | +$3.76M |
|
1952
Murphy Oil
MUR
$4.97B
| $3.83M | 0.01% |
155,409
-101,201
| -39% | -$2.67M |
|
|
WMC
1953
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $3.83M | 0.01% |
38,389
+32,515
| +554% | +$3.3M |
|
|
TCDA
1954
DELISTED
Tricida, Inc. Common Stock
TCDA
| $3.82M | 0.01% |
+96,893
| New | +$3.41M |
|
|
TERP
1955
DELISTED
TerraForm Power, Inc
TERP
| $3.82M | 0.01% |
267,251
-149,368
| -36% | -$2.05M |
|
1956
NovoCure
NVCR
$2.08B
| $3.82M | 0.01% |
60,415
-60,212
| -50% | -$3.05M |
|
1957
iShares MSCI Saudi Arabia ETF
KSA
$651M
| $3.82M | 0.01% |
115,641
-20,571
| -15% | -$692K |
|
|
AGEN
1958
Agenus
AGEN
$371M
| $3.82M | 0.01% |
64,809
+34,487
| +114% | +$1.88M |
|
1959
WillScot Mobile Mini Holdings
WSC
$3.87B
| $3.81M | 0.01% |
253,480
+70,687
| +39% | +$959K |
|
1960
iShares MSCI Indonesia ETF
EIDO
$485M
| $3.81M | 0.01% |
146,429
-382,624
| -72% | -$9.65M |
|
|
EVOP
1961
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $3.81M | 0.01% |
120,704
+105,867
| +714% | +$3.09M |
|
1962
OR Royalties Inc
OR
$7.2B
| $3.79M | 0.01% |
363,223
+65,965
| +22% | +$701K |
|
1963
Installed Building Products
IBP
$6.54B
| $3.79M | 0.01% |
63,974
-180,096
| -74% | -$9.49M |
|
1964
iShares 7-10 Year Treasury Bond ETF
IEF
$43.1B
| $3.78M | 0.01% |
34,389
-49,015
| -59% | -$5.25M |
|
1965
CALL
ICU Medical
ICUI
$4.49B
| $3.78M | 0.01% |
15,000
-10,000
| -40% | -$2.32M |
|
1966
CALL
Axalta
AXTA
$7.84B
| $3.77M | 0.01% |
126,800
+86,800
| +217% | +$2.3M |
|
1967
PUT
Celanese
CE
$4.91B
| $3.77M | 0.01% |
+35,000
| New | +$3.63M |
|
|
SA
1968
Seabridge Gold
SA
$3.69B
| $3.76M | 0.01% |
278,083
-105,712
| -28% | -$1.25M |
|
|
ONDK
1969
DELISTED
On Deck Capital, Inc.
ONDK
| $3.76M | 0.01% |
905,347
+475,340
| +111% | +$2.24M |
|
1970
Strategic Education
STRA
$1.89B
| $3.76M | 0.01% |
21,102
+11,301
| +115% | +$1.85M |
|
1971
AZZ Inc
AZZ
$4.23B
| $3.75M | 0.01% |
81,541
-35,211
| -30% | -$1.58M |
|
|
AGS
1972
DELISTED
PlayAGS
AGS
| $3.75M | 0.01% |
192,923
-368,930
| -66% | -$7.94M |
|
1973
CALL
Bio-Rad Laboratories Class A
BIO
$10.4B
| $3.75M | 0.01% |
+12,000
| New | +$3.59M |
|
1974
Autoliv
ALV
$9.05B
| $3.75M | 0.01% |
+53,133
| New | +$3.88M |
|
|
TACO
1975
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $3.74M | 0.01% |
291,982
+60,766
| +26% | +$665K |
|
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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 Healthcare at 13% of assets, down from 14% a quarter earlier, followed by Technology and Financials.
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.