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 | |
|---|---|---|---|---|---|---|
2701
ManpowerGroup
MAN
$2.89B
| $1.22M | ﹤0.01% |
14,524
-7,097
| -33% | -$619K |
|
2702
First Commonwealth Financial
FCF
$2.1B
| $1.22M | ﹤0.01% |
91,978
-366,427
| -80% | -$4.75M |
|
|
ATRI
2703
DELISTED
Atrion Corp
ATRI
| $1.22M | ﹤0.01% |
1,564
-110
| -7% | -$85.3K |
|
|
WDR
2704
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $1.22M | ﹤0.01% |
+70,824
| New | +$1.19M |
|
|
SHI
2705
DELISTED
Sinopec Shanghai Petrochemical Co., Ltd.
SHI
| $1.21M | ﹤0.01% |
41,420
+29,692
| +253% | +$974K |
|
|
NSLR
2706
Neostellar Capital Corp
NSLR
$272M
| $1.21M | ﹤0.01% |
230,810
+113,857
| +97% | +$614K |
|
|
TPHS
2707
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $1.21M | ﹤0.01% |
302,447
-100,862
| -25% | -$390K |
|
2708
CALL
Johnson Controls International
JCI
$86.1B
| $1.21M | ﹤0.01% |
+27,500
| New | +$1.16M |
|
|
LDL
2709
DELISTED
Lydall, Inc.
LDL
| $1.21M | ﹤0.01% |
48,434
-181,075
| -79% | -$3.87M |
|
2710
Appian
APPN
$2.97B
| $1.2M | ﹤0.01% |
25,334
-134,876
| -84% | -$6.31M |
|
|
VRNT
2711
DELISTED
Verint Systems
VRNT
| $1.2M | ﹤0.01% |
55,192
-347,178
| -86% | -$9.23M |
|
2712
AngioDynamics
ANGO
$652M
| $1.2M | ﹤0.01% |
64,952
-293,861
| -82% | -$5.75M |
|
2713
iShares Core S&P Total US Stock Market ETF
ITOT
$97.7B
| $1.19M | ﹤0.01% |
17,763
-7,384
| -29% | -$495K |
|
2714
Smith Micro Software
SMSI
$16.5M
| $1.19M | ﹤0.01% |
+5,464
| New | +$1.12M |
|
|
NCI
2715
DELISTED
Navigant Consulting, Inc.
NCI
| $1.19M | ﹤0.01% |
42,482
-40,606
| -49% | -$1.07M |
|
2716
Compass Minerals
CMP
$1.05B
| $1.18M | ﹤0.01% |
20,873
-65,697
| -76% | -$3.52M |
|
2717
Avista
AVA
$3.16B
| $1.18M | ﹤0.01% |
24,325
-294,649
| -92% | -$13.7M |
|
|
NFBK
2718
DELISTED
Northfield Bancorp
NFBK
| $1.18M | ﹤0.01% |
+73,411
| New | +$1.15M |
|
|
UBNK
2719
DELISTED
United Financial Bancorp, Inc.
UBNK
| $1.17M | ﹤0.01% |
86,137
+37,502
| +77% | +$506K |
|
|
BNFT
2720
DELISTED
Benefitfocus, Inc.
BNFT
| $1.17M | ﹤0.01% |
49,298
-60,756
| -55% | -$1.56M |
|
2721
Dolby
DLB
$5.85B
| $1.17M | ﹤0.01% |
18,114
-46,919
| -72% | -$2.95M |
|
2722
Century Aluminum
CENX
$4.54B
| $1.17M | ﹤0.01% |
176,040
-401,079
| -69% | -$2.66M |
|
2723
Eversource Energy
ES
$26.7B
| $1.17M | ﹤0.01% |
13,671
-542,191
| -98% | -$43.1M |
|
|
NOAH
2724
CALL
Noah Holdings
NOAH
$582M
| $1.17M | ﹤0.01% |
+40,000
| New | +$1.28M |
|
|
BBBY
2725
DELISTED
Bed Bath & Beyond Inc
BBBY
| $1.17M | ﹤0.01% |
109,711
+11,413
| +12% | +$110K |
|
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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.