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 | |
|---|---|---|---|---|---|---|
|
TEI
2501
Templeton Emerging Markets Income Fund
TEI
$322M
| $1.75M | ﹤0.01% |
192,484
+32,158
| +20% | +$311K |
|
2502
Mercado Libre
MELI
$97.9B
| $1.73M | ﹤0.01% |
3,146
-104,470
| -97% | -$63.3M |
|
2503
NewtekOne
NEWT
$356M
| $1.73M | ﹤0.01% |
76,676
+29,918
| +64% | +$664K |
|
2504
CALL
IBM
IBM
$225B
| $1.73M | ﹤0.01% |
12,447
-42,677
| -77% | -$5.76M |
|
2505
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
| $1.73M | ﹤0.01% |
28,375
-11,469
| -29% | -$698K |
|
|
HMHC
2506
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.73M | ﹤0.01% |
+324,078
| New | +$1.83M |
|
2507
CAE Inc
CAE
$8.01B
| $1.72M | ﹤0.01% |
+67,848
| New | +$1.78M |
|
|
WIRE
2508
DELISTED
Encore Wire Corp
WIRE
| $1.72M | ﹤0.01% |
30,548
-38,871
| -56% | -$2.15M |
|
2509
Cheesecake Factory
CAKE
$5.48B
| $1.72M | ﹤0.01% |
41,170
-697,097
| -94% | -$28.7M |
|
2510
Caesarstone
CSTE
$111M
| $1.72M | ﹤0.01% |
103,294
+64,623
| +167% | +$985K |
|
2511
Arcus Biosciences
RCUS
$3.9B
| $1.72M | ﹤0.01% |
188,499
+110,763
| +142% | +$890K |
|
|
QVCGA
2512
DELISTED
QVC Group Inc Series A
QVCGA
| $1.71M | ﹤0.01% |
3,414
+920
| +37% | +$540K |
|
2513
Independent Bank
INDB
$3.9B
| $1.71M | ﹤0.01% |
22,871
+13,810
| +152% | +$1M |
|
|
REGI
2514
CALL
DELISTED
Renewable Energy Group, Inc.
REGI
| $1.7M | ﹤0.01% |
+113,400
| New | +$1.56M |
|
|
VRTU
2515
DELISTED
Virtusa Corporation
VRTU
| $1.69M | ﹤0.01% |
47,033
+11,123
| +31% | +$446K |
|
|
SOHU
2516
Sohu.com
SOHU
$368M
| $1.69M | ﹤0.01% |
166,722
+143,619
| +622% | +$1.69M |
|
2517
Houlihan Lokey
HLI
$9.14B
| $1.69M | ﹤0.01% |
37,495
-4,851
| -11% | -$215K |
|
2518
SK Telecom
SKM
$15.2B
| $1.69M | ﹤0.01% |
46,186
-9,387
| -17% | -$351K |
|
|
ADAM
2519
Adamas Trust
ADAM
$884M
| $1.68M | ﹤0.01% |
69,164
+46,060
| +199% | +$1.13M |
|
2520
Travel + Leisure Co
TNL
$4.39B
| $1.68M | ﹤0.01% |
36,529
-103,439
| -74% | -$4.62M |
|
2521
PUT
Labcorp
LH
$27.3B
| $1.68M | ﹤0.01% |
11,640
+5,820
| +100% | +$849K |
|
|
MCRN
2522
DELISTED
Milacron Holdings Corp.
MCRN
| $1.68M | ﹤0.01% |
+100,709
| New | +$1.62M |
|
|
BFX
2523
DELISTED
BowFlex Inc.
BFX
| $1.68M | ﹤0.01% |
1,241,629
+684,333
| +123% | +$1.07M |
|
2524
Royal Gold
RGLD
$22.8B
| $1.68M | ﹤0.01% |
+13,599
| New | +$1.66M |
|
|
AKRO
2525
DELISTED
Akero Therapeutics
AKRO
| $1.67M | ﹤0.01% |
73,621
-94,125
| -56% | -$2.19M |
|
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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.