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 | |
|---|---|---|---|---|---|---|
2651
BayCom
BCML
$327M
| $1.36M | ﹤0.01% |
+59,753
| New | +$1.34M |
|
|
EXAS
2652
CALL
DELISTED
Exact Sciences
EXAS
| $1.35M | ﹤0.01% |
15,000
+10,000
| +200% | +$1.14M |
|
2653
CALL
Teladoc Health
TDOC
$1.16B
| $1.35M | ﹤0.01% |
+20,000
| New | +$1.32M |
|
2654
PUT
ResMed
RMD
$34B
| $1.35M | ﹤0.01% |
10,000
+5,000
| +100% | +$655K |
|
2655
Republic Bancorp
RBCAA
$1.84B
| $1.35M | ﹤0.01% |
31,039
+18,349
| +145% | +$836K |
|
2656
Varex Imaging
VREX
$779M
| $1.35M | ﹤0.01% |
47,225
+33,685
| +249% | +$975K |
|
|
ELP
2657
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $1.34M | ﹤0.01% |
279,913
-445,815
| -61% | -$2.25M |
|
2658
National CineMedia
NCMI
$235M
| $1.34M | ﹤0.01% |
16,400
-14,074
| -46% | -$1.05M |
|
|
IAA
2659
DELISTED
IAA, Inc. Common Stock
IAA
| $1.34M | ﹤0.01% |
32,112
-212,228
| -87% | -$9.56M |
|
2660
Chunghwa Telecom
CHT
$33.3B
| $1.33M | ﹤0.01% |
+37,305
| New | +$1.31M |
|
2661
Financial Institutions
FISI
$806M
| $1.33M | ﹤0.01% |
43,975
-5,551
| -11% | -$163K |
|
2662
Charles River Laboratories
CRL
$14.2B
| $1.32M | ﹤0.01% |
9,990
-382,101
| -97% | -$51.2M |
|
2663
Wabash National
WNC
$539M
| $1.32M | ﹤0.01% |
91,030
+18,432
| +25% | +$273K |
|
|
MIK
2664
DELISTED
Michaels Stores, Inc
MIK
| $1.32M | ﹤0.01% |
+134,719
| New | +$1.01M |
|
2665
State Street Blackstone Senior Loan ETF
SRLN
$5.48B
| $1.31M | ﹤0.01% |
+28,406
| New | +$1.31M |
|
2666
Clear Channel Outdoor Holdings
CCO
$1.22B
| $1.31M | ﹤0.01% |
519,903
+378,529
| +268% | +$1.19M |
|
2667
CALL
CME Group
CME
$101B
| $1.31M | ﹤0.01% |
+6,200
| New | +$1.3M |
|
|
ETRN
2668
CALL
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $1.31M | ﹤0.01% |
+90,000
| New | +$1.38M |
|
2669
PUT
Energy Transfer Partners
ET
$73.6B
| $1.31M | ﹤0.01% |
+100,000
| New | +$1.39M |
|
2670
PUT
Gentex
GNTX
$4.86B
| $1.31M | ﹤0.01% |
+47,500
| New | +$1.26M |
|
2671
Universal Health Services
UHS
$10.2B
| $1.31M | ﹤0.01% |
8,790
+379
| +5% | +$54.4K |
|
|
UBX
2672
DELISTED
Unity Biotechnology
UBX
| $1.3M | ﹤0.01% |
21,267
+18,496
| +667% | +$1.31M |
|
2673
Sierra Bancorp
BSRR
$516M
| $1.29M | ﹤0.01% |
48,523
-30,791
| -39% | -$792K |
|
|
CBL
2674
DELISTED
CBL& Associates Properties, Inc.
CBL
| $1.28M | ﹤0.01% |
996,591
-638,986
| -39% | -$667K |
|
2675
ProQR Therapeutics
PRQR
$327M
| $1.28M | ﹤0.01% |
222,579
-96,494
| -30% | -$771K |
|
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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.