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 |
L3Harris
LHX
|
+$282M |
| 2 |
Ameren
AEE
|
+$239M |
| 3 |
Restaurant Brands International
QSR
|
+$192M |
| 4 |
Lowe's Companies
LOW
|
+$190M |
| 5 |
Las Vegas Sands
LVS
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$441M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$429M |
| 3 |
LLL
L3 Technologies, Inc.
LLL
|
+$412M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$399M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.62% |
| 2 | Financials | 10.42% |
| 3 | Technology | 9.63% |
| 4 | Consumer Discretionary | 8.71% |
| 5 | Industrials | 8.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Automatic Data Processing
ADP
$112B
| $63.8M | 0.1% |
395,060
-85,599
| -18% | -$14.1M |
|
227
SBA Communications
SBAC
$19.6B
| $62.6M | 0.1% |
259,476
-179,217
| -41% | -$44.3M |
|
228
Trane Technologies
TT
$98.4B
| $62.5M | 0.1% |
507,499
-330,108
| -39% | -$40.3M |
|
229
PUT
Wells Fargo
WFC
$255B
| $62.4M | 0.1% |
1,236,600
+1,213,200
| +5,185% | +$57.2M |
|
230
American Tower
AMT
$83B
| $62.3M | 0.1% |
281,711
+174,919
| +164% | +$38.2M |
|
231
CALL
Broadcom
AVGO
$1.72T
| $62.3M | 0.1% |
2,256,000
+404,000
| +22% | +$11.5M |
|
232
CALL
Booking.com
BKNG
$160B
| $61.8M | 0.1% |
787,500
+345,000
| +78% | +$26.7M |
|
233
Portland General Electric
POR
$5.83B
| $61.5M | 0.1% |
1,090,229
+867,938
| +390% | +$48.3M |
|
234
CALL
Visa
V
$709B
| $61M | 0.1% |
+354,800
| New | +$63.2M |
|
235
Paychex
PAYX
$44.8B
| $60.7M | 0.1% |
733,222
+377,750
| +106% | +$31.4M |
|
236
Brown & Brown
BRO
$24.8B
| $60.5M | 0.1% |
1,676,432
+1,408,970
| +527% | +$50.4M |
|
237
Elevance Health
ELV
$87.3B
| $60.3M | 0.1% |
+251,339
| New | +$68.9M |
|
238
Cboe Global Markets
CBOE
$32.3B
| $60M | 0.09% |
521,898
-79,797
| -13% | -$9.23M |
|
239
PUT
Boeing
BA
$165B
| $59.8M | 0.09% |
157,300
+141,300
| +883% | +$50.5M |
|
240
Gold Fields
GFI
$42.2B
| $59.8M | 0.09% |
12,146,466
+10,715,680
| +749% | +$58.3M |
|
241
CenterPoint Energy
CNP
$25.5B
| $59.5M | 0.09% |
1,970,178
-1,415,527
| -42% | -$40.8M |
|
242
PUT
PepsiCo
PEP
$198B
| $59.2M | 0.09% |
431,500
+391,300
| +973% | +$52M |
|
243
UnitedHealth
UNH
$357B
| $59.1M | 0.09% |
272,142
-318,779
| -54% | -$76.9M |
|
244
HEICO Corp Class A
HEI.A
$36.2B
| $59.1M | 0.09% |
607,299
+113,605
| +23% | +$12M |
|
|
PE
245
DELISTED
PARSLEY ENERGY INC
PE
| $59.1M | 0.09% |
3,517,271
-431,415
| -11% | -$7.41M |
|
246
Cadence Design Systems
CDNS
$86.3B
| $59M | 0.09% |
892,964
+557,292
| +166% | +$39.2M |
|
247
Equinix
EQIX
$104B
| $58.2M | 0.09% |
100,878
-99,080
| -50% | -$53.2M |
|
248
Aecom
ACM
$8.29B
| $58.1M | 0.09% |
1,545,890
+1,204,844
| +353% | +$43.4M |
|
249
W.R. Berkley
WRB
$25.8B
| $57.8M | 0.09% |
1,799,748
+102,069
| +6% | +$3.19M |
|
250
O-I Glass
OI
$1.11B
| $57.7M | 0.09% |
5,614,748
+4,448,734
| +382% | +$57.4M |
|
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Israel Englander's Q3 2019 Portfolio in Review
As of Q3 2019, Israel Englander held 4,833 positions worth $63.3B, down 4.9% from $66.5B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Israel Englander's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 13% a quarter earlier, followed by Financials and Technology.
- Israel Englander's largest Q3 2019 buy was L3Harris: 1,378,220 shares worth $288M.
- Israel Englander added most to Ameren in Q3 2019, an estimated $239M increase.
- Israel Englander's biggest Q3 2019 reduction was LyondellBasell Industries, cutting an estimated $441M.
- Israel Englander fully exited Worldpay, Inc. in Q3 2019, selling an estimated $429M.
- Israel Englander's ten largest holdings make up 7.2% of its $63.3B portfolio in Q3 2019.
- Israel Englander opened 843 new positions and closed 727 in Q3 2019.
- Israel Englander's portfolio value fell 4.9% quarter-over-quarter to $63.3B.
Based on Millennium Management's 13F filing for Q3 2019, filed 14 Nov 2019.