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 | |
|---|---|---|---|---|---|---|
2576
FirstService
FSV
$6.16B
| $1.56M | ﹤0.01% |
15,174
-29,456
| -66% | -$3M |
|
|
CLVS
2577
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.55M | ﹤0.01% |
395,237
+124,527
| +46% | +$1.01M |
|
|
PARA
2578
CALL
DELISTED
Paramount Global Class B
PARA
| $1.55M | ﹤0.01% |
38,300
-75,700
| -66% | -$3.54M |
|
|
MIXT
2579
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $1.54M | ﹤0.01% |
110,688
-108,397
| -49% | -$1.58M |
|
2580
Kforce
KFRC
$1.04B
| $1.54M | ﹤0.01% |
40,731
-26,760
| -40% | -$923K |
|
|
CDR
2581
DELISTED
Cedar Realty Trust, Inc
CDR
| $1.54M | ﹤0.01% |
77,867
-38,824
| -33% | -$656K |
|
|
MCHB
2582
Mechanics Bancorp
MCHB
$3.56B
| $1.54M | ﹤0.01% |
+56,319
| New | +$1.56M |
|
2583
InMode
INMD
$854M
| $1.53M | ﹤0.01% |
+142,762
| New | +$1.63M |
|
2584
Entravision Communication
EVC
$747M
| $1.53M | ﹤0.01% |
482,588
+149,999
| +45% | +$472K |
|
|
ETJ
2585
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$570M
| $1.53M | ﹤0.01% |
165,156
-49,954
| -23% | -$469K |
|
2586
CALL
Merit Medical Systems
MMSI
$5.35B
| $1.52M | ﹤0.01% |
+50,000
| New | +$2.02M |
|
2587
Peoples Bancorp
PEBO
$1.42B
| $1.52M | ﹤0.01% |
47,903
-1,206
| -2% | -$38.3K |
|
|
BDXA
2588
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
| $1.52M | ﹤0.01% |
24,522
+14,409
| +142% | +$893K |
|
|
PS
2589
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $1.51M | ﹤0.01% |
90,051
-132,916
| -60% | -$2.86M |
|
2590
Banco Santander
SAN
$212B
| $1.51M | ﹤0.01% |
+392,249
| New | +$1.56M |
|
2591
PUT
Analog Devices
ADI
$181B
| $1.51M | ﹤0.01% |
13,500
-6,500
| -33% | -$736K |
|
2592
PUT
Eastman Chemical
EMN
$8.31B
| $1.51M | ﹤0.01% |
20,400
-400
| -2% | -$28.7K |
|
2593
Coherus Oncology
CHRS
$226M
| $1.5M | ﹤0.01% |
74,286
-103,441
| -58% | -$2.07M |
|
2594
Williams-Sonoma
WSM
$28.1B
| $1.5M | ﹤0.01% |
44,280
-7,536
| -15% | -$249K |
|
2595
iShares MSCI Malaysia ETF
EWM
$322M
| $1.5M | ﹤0.01% |
53,889
-29,202
| -35% | -$834K |
|
2596
Vanguard Financials ETF
VFH
$13.9B
| $1.5M | ﹤0.01% |
+21,409
| New | +$1.48M |
|
|
RDS.A
2597
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $1.5M | ﹤0.01% |
25,466
-38,338
| -60% | -$2.28M |
|
2598
D.R. Horton
DHI
$40.6B
| $1.5M | ﹤0.01% |
28,398
-3,330,101
| -99% | -$159M |
|
2599
CALL
Syndax Pharmaceuticals
SNDX
$1.8B
| $1.49M | ﹤0.01% |
+200,000
| New | +$1.82M |
|
2600
PUT
DexCom
DXCM
$33.7B
| $1.49M | ﹤0.01% |
40,000
+10,000
| +33% | +$389K |
|
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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.