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 | |
|---|---|---|---|---|---|---|
|
VAR
2626
DELISTED
Varian Medical Systems, Inc.
VAR
| $1.43M | ﹤0.01% |
11,997
-597,492
| -98% | -$71.1M |
|
2627
Schwab US Broad Market ETF
SCHB
$44.9B
| $1.41M | ﹤0.01% |
119,328
-23,346
| -16% | -$276K |
|
2628
PUT
iShares MSCI South Korea ETF
EWY
$28.3B
| $1.41M | ﹤0.01% |
25,000
-116,300
| -82% | -$6.44M |
|
2629
Home Depot
HD
$328B
| $1.41M | ﹤0.01% |
6,070
-298,121
| -98% | -$65.2M |
|
2630
CALL
Box
BOX
$4.81B
| $1.41M | ﹤0.01% |
+85,000
| New | +$1.36M |
|
|
PDS
2631
Precision Drilling
PDS
$1.16B
| $1.41M | ﹤0.01% |
61,665
+20,869
| +51% | +$608K |
|
2632
PUT
Sysco
SYY
$39.5B
| $1.4M | ﹤0.01% |
+17,600
| New | +$1.29M |
|
|
SWIR
2633
DELISTED
Sierra Wireless
SWIR
| $1.39M | ﹤0.01% |
+130,301
| New | +$1.48M |
|
|
DRD
2634
DRDGold
DRD
$2.6B
| $1.39M | ﹤0.01% |
327,866
-56,253
| -15% | -$211K |
|
|
SCHW
2635
CALL
Charles Schwab
SCHW
$187B
| $1.38M | ﹤0.01% |
33,100
+6,200
| +23% | +$250K |
|
|
ADAP
2636
DELISTED
Adaptimmune Therapeutics
ADAP
| $1.38M | ﹤0.01% |
914,416
-404,876
| -31% | -$946K |
|
2637
Prudential Financial
PRU
$41.5B
| $1.38M | ﹤0.01% |
15,322
-302,358
| -95% | -$27.4M |
|
|
SHOS
2638
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $1.38M | ﹤0.01% |
400,120
+116
| +0% | +$343 |
|
2639
CALL
ProPetro Holding
PUMP
$1.37B
| $1.37M | ﹤0.01% |
+151,000
| New | +$2.1M |
|
2640
South Plains Financial
SPFI
$822M
| $1.37M | ﹤0.01% |
84,152
-20,032
| -19% | -$337K |
|
2641
Star Bulk Carriers
SBLK
$3.4B
| $1.37M | ﹤0.01% |
135,931
-36,621
| -21% | -$373K |
|
2642
Stepan Co
SCL
$1.43B
| $1.37M | ﹤0.01% |
+14,094
| New | +$1.34M |
|
2643
SmartFinancial
SMBK
$865M
| $1.36M | ﹤0.01% |
65,550
+48,881
| +293% | +$1.03M |
|
|
LTRPA
2644
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $1.36M | ﹤0.01% |
145,143
+49,415
| +52% | +$515K |
|
|
RETA
2645
CALL
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $1.36M | ﹤0.01% |
+17,000
| New | +$1.44M |
|
|
KW
2646
DELISTED
Kennedy-Wilson Holdings
KW
| $1.36M | ﹤0.01% |
62,184
+22,175
| +55% | +$472K |
|
2647
Regis Corp
RGS
$67.5M
| $1.36M | ﹤0.01% |
3,372
-4,421
| -57% | -$1.59M |
|
|
2648
iShares MSCI South Korea ETF
EWY
$28.3B
| $1.36M | ﹤0.01% |
24,161
-107,597
| -82% | -$5.95M |
|
2649
The Greenbrier Companies
GBX
$1.43B
| $1.36M | ﹤0.01% |
45,218
+13,444
| +42% | +$363K |
|
2650
Village Super Market
VLGEA
$644M
| $1.36M | ﹤0.01% |
51,448
+16,181
| +46% | +$410K |
|
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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.