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 | |
|---|---|---|---|---|---|---|
1976
Exelixis
EXEL
$13.9B
| $3.74M | 0.01% |
175,034
+76,558
| +78% | +$1.6M |
|
|
FM
1977
DELISTED
iShares Frontier and Select EM ETF
FM
| $3.73M | 0.01% |
126,085
+15,142
| +14% | +$436K |
|
1978
CALL
PBF Energy
PBF
$8.27B
| $3.73M | 0.01% |
+119,300
| New | +$3.56M |
|
|
BEST
1979
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $3.73M | 0.01% |
33,839
-36,090
| -52% | -$3.74M |
|
1980
Belden
BDC
$4.61B
| $3.72M | 0.01% |
62,434
-159,535
| -72% | -$9.15M |
|
1981
Old Republic International
ORI
$10.2B
| $3.71M | 0.01% |
165,923
-328,421
| -66% | -$7.23M |
|
|
CBPX
1982
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $3.71M | 0.01% |
139,749
-189,920
| -58% | -$4.77M |
|
1983
Vornado Realty Trust
VNO
$7.27B
| $3.7M | 0.01% |
57,762
-523,465
| -90% | -$35.2M |
|
1984
Spectrum Brands
SPB
$2.04B
| $3.69M | 0.01% |
68,715
+59,752
| +667% | +$3.55M |
|
1985
EXL Service
EXLS
$5.69B
| $3.69M | 0.01% |
278,995
-595
| -0.2% | -$7.3K |
|
1986
CALL
Simon Property Group
SPG
$70.2B
| $3.69M | 0.01% |
+23,100
| New | +$3.98M |
|
|
ELP
1987
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $3.69M | 0.01% |
725,728
+451,075
| +164% | +$2M |
|
1988
Tower Semiconductor
TSEM
$25B
| $3.69M | 0.01% |
233,751
-38,238
| -14% | -$638K |
|
1989
KraneShares CSI China Internet ETF
KWEB
$5.19B
| $3.67M | 0.01% |
+83,471
| New | +$3.76M |
|
|
RDUS
1990
CALL
DELISTED
Radius Health, Inc.
RDUS
| $3.65M | 0.01% |
+150,000
| New | +$3.28M |
|
1991
TripAdvisor
TRIP
$1.16B
| $3.65M | 0.01% |
+78,885
| New | +$3.84M |
|
|
CPLG
1992
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $3.65M | 0.01% |
294,620
+246,893
| +517% | +$3.13M |
|
|
TUFN
1993
DELISTED
Tufin Software Technologies Ltd.
TUFN
| $3.65M | 0.01% |
+140,951
| New | +$3.2M |
|
1994
iShares MSCI Canada ETF
EWC
$6.91B
| $3.65M | 0.01% |
127,427
+64,827
| +104% | +$1.83M |
|
1995
Vanguard FTSE Europe ETF
VGK
$31.2B
| $3.65M | 0.01% |
66,424
-37,426
| -36% | -$2.04M |
|
1996
Wipro
WIT
$18.1B
| $3.65M | 0.01% |
1,684,600
+1,368,346
| +433% | +$3.01M |
|
|
WRK
1997
CALL
DELISTED
WestRock Company
WRK
| $3.65M | 0.01% |
+100,000
| New | +$3.67M |
|
1998
Selective Insurance
SIGI
$5.5B
| $3.64M | 0.01% |
48,591
-7,235
| -13% | -$515K |
|
1999
Casey's General Stores
CASY
$29.9B
| $3.64M | 0.01% |
+23,323
| New | +$3.18M |
|
2000
Vanguard S&P 500 ETF
VOO
$1.02T
| $3.63M | 0.01% |
+13,504
| New | +$3.57M |
|
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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.