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 | Miscellaneous | 28.11% |
| 2 | Healthcare | 11.62% |
| 3 | Financials | 10.42% |
| 4 | Technology | 9.63% |
| 5 | Consumer Discretionary | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
CALL
Paychex
PAYX
$45B
| $1.82M | ﹤0.01% |
+22,000
| New | +$1.83M |
|
2477
CALL
Integra LifeSciences
IART
$1.31B
| $1.8M | ﹤0.01% |
30,000
+15,000
| +100% | +$894K |
|
2478
Dime Commercial Bancshares
DCOM
$1.78B
| $1.8M | ﹤0.01% |
60,939
-80,040
| -57% | -$2.27M |
|
2479
YPF Sociedad Anonima ADS
YPF
$19.8B
| $1.8M | ﹤0.01% |
+194,762
| New | +$2.51M |
|
2480
CALL
Qualcomm
QCOM
$176B
| $1.8M | ﹤0.01% |
23,600
-163,700
| -87% | -$12.3M |
|
2481
Tootsie Roll Industries
TR
$3.07B
| $1.8M | ﹤0.01% |
59,484
+17,410
| +41% | +$525K |
|
2482
International Seaways
INSW
$4.92B
| $1.79M | ﹤0.01% |
93,172
-88,940
| -49% | -$1.57M |
|
|
IRBT
2483
DELISTED
iRobot
IRBT
| $1.79M | ﹤0.01% |
+29,036
| New | +$2.08M |
|
2484
Assured Guaranty
AGO
$3.34B
| $1.78M | ﹤0.01% |
40,153
-3,651
| -8% | -$161K |
|
2485
CorVel
CRVL
$3.51B
| $1.78M | ﹤0.01% |
70,389
-181,992
| -72% | -$5.17M |
|
2486
Banco Macro
BMA
$4.91B
| $1.77M | ﹤0.01% |
+68,166
| New | +$3.18M |
|
2487
Vanguard Dividend Appreciation ETF
VIG
$113B
| $1.77M | ﹤0.01% |
14,832
+10,934
| +281% | +$1.29M |
|
2488
Barrett Business Services
BBSI
$828M
| $1.77M | ﹤0.01% |
+79,800
| New | +$1.73M |
|
2489
Adecoagro
AGRO
$1.54B
| $1.77M | ﹤0.01% |
+303,359
| New | +$1.91M |
|
2490
Invesco
IVZ
$14.7B
| $1.77M | ﹤0.01% |
104,402
-1,521,948
| -94% | -$26.9M |
|
|
HA
2491
DELISTED
Hawaiian Holdings, Inc.
HA
| $1.77M | ﹤0.01% |
67,277
-135,107
| -67% | -$3.55M |
|
2492
MasTec
MTZ
$20.2B
| $1.76M | ﹤0.01% |
27,192
-26,915
| -50% | -$1.57M |
|
2493
AMC Global Media
AMCX
$509M
| $1.76M | ﹤0.01% |
35,859
-152,362
| -81% | -$7.86M |
|
|
WLH
2494
DELISTED
WILLIAM LYON HOMES
WLH
| $1.76M | ﹤0.01% |
86,405
-57,960
| -40% | -$1.08M |
|
2495
Brixmor Property Group
BRX
$8.93B
| $1.76M | ﹤0.01% |
86,665
+62,765
| +263% | +$1.18M |
|
2496
Cleveland-Cliffs
CLF
$6.75B
| $1.76M | ﹤0.01% |
243,331
-264,053
| -52% | -$2.38M |
|
2497
Crawford & Co Class B
CRD.B
$562M
| $1.76M | ﹤0.01% |
174,130
-68,986
| -28% | -$647K |
|
2498
Southwest Airlines
LUV
$19.5B
| $1.75M | ﹤0.01% |
32,426
-1,334,277
| -98% | -$69.8M |
|
|
AIFU
2499
AIFU Inc
AIFU
$131M
| $1.75M | ﹤0.01% |
+164
| New | +$1.99M |
|
2500
UNIFI
UFI
$140M
| $1.75M | ﹤0.01% |
79,789
+28,464
| +55% | +$561K |
|
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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 withdrew a net $4.18B in Q3 2019, closing 727 positions and reducing 1,651 holdings. Its most notable exit was Worldpay, Inc., an estimated $429M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in L3Harris worth $288M.
- 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.