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 | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $817M | 1.23% |
11,782,333
-159,300
| -1% | -$11.1M |
|
2
PUT
Invesco QQQ Trust
QQQ
$486B
| $626M | 0.94% |
3,354,700
+969,700
| +41% | +$178M |
|
3
PUT
Amazon
AMZN
$2.79T
| $544M | 0.82% |
5,748,000
+702,000
| +14% | +$65.4M |
|
|
4
PUT
Apple
AAPL
$4.51T
| $525M | 0.79% |
10,604,800
+4,302,000
| +68% | +$210M |
|
|
5
LyondellBasell Industries
LYB
$21.8B
| $501M | 0.75% |
5,814,308
+5,764,281
| +11,522% | +$492M |
|
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $449M | 0.68% |
1,532,700
+227,300
| +17% | +$65.5M |
|
7
PUT
Microsoft
MSFT
$3.59T
| $447M | 0.67% |
3,334,100
+1,187,200
| +55% | +$151M |
|
|
WP
8
DELISTED
Worldpay, Inc.
WP
| $429M | 0.64% |
3,499,056
+1,836,385
| +110% | +$218M |
|
|
LLL
9
DELISTED
L3 Technologies, Inc.
LLL
| $412M | 0.62% |
1,681,798
+1,680,419
| +121,858% | +$392M |
|
|
RHT
10
DELISTED
Red Hat Inc
RHT
| $399M | 0.6% |
2,126,964
+123,033
| +6% | +$22.7M |
|
|
AGN
11
DELISTED
Allergan plc
AGN
| $370M | 0.56% |
2,209,521
+1,719,132
| +351% | +$238M |
|
12
Marathon Petroleum
MPC
$101B
| $359M | 0.54% |
6,430,430
+3,229,826
| +101% | +$177M |
|
|
13
NXP Semiconductors
NXPI
$56.9B
| $338M | 0.51% |
3,460,948
+2,336,539
| +208% | +$226M |
|
|
CELG
14
DELISTED
Celgene Corp
CELG
| $337M | 0.51% |
3,643,692
+970,842
| +36% | +$92.2M |
|
15
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $336M | 0.5% |
3,850,000
+3,596,500
| +1,419% | +$310M |
|
|
APC
16
DELISTED
Anadarko Petroleum
APC
| $304M | 0.46% |
4,308,550
-3,338,504
| -44% | -$224M |
|
|
17
Apple
AAPL
$4.51T
| $288M | 0.43% |
5,811,884
+5,028,052
| +641% | +$245M |
|
18
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $285M | 0.43% |
5,258,000
+308,000
| +6% | +$17.8M |
|
19
Citigroup
C
$221B
| $272M | 0.41% |
3,879,603
+1,073,531
| +38% | +$71.8M |
|
20
Cisco
CSCO
$438B
| $254M | 0.38% |
4,642,473
+3,480,803
| +300% | +$192M |
|
21
Mondelez International
MDLZ
$82.3B
| $251M | 0.38% |
4,654,932
+1,932,784
| +71% | +$100M |
|
22
Diamondback Energy
FANG
$59B
| $251M | 0.38% |
2,301,455
+916,932
| +66% | +$95.7M |
|
|
23
CALL
Invesco QQQ Trust
QQQ
$486B
| $249M | 0.38% |
1,335,900
+291,300
| +28% | +$53.6M |
|
24
Oracle
ORCL
$422B
| $245M | 0.37% |
4,305,229
-1,117,971
| -21% | -$60.5M |
|
|
25
Walt Disney
DIS
$186B
| $239M | 0.36% |
1,708,178
-4,280,042
| -71% | -$568M |
|
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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's Q2 2019 filing shows 865 new, 1,488 increased, 1,571 reduced and 810 closed positions. Its largest new stake was Moody's: 638,271 shares worth $125M. The largest sale was Walt Disney, an estimated $568M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 14% a quarter earlier, followed by Technology and Financials.
- 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.