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 | Healthcare | 11.62% |
| 2 | Financials | 10.42% |
| 3 | Technology | 9.63% |
| 4 | Consumer Discretionary | 8.71% |
| 5 | Industrials | 8.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
PayPal
PYPL
$52.8B
| $54.6M | 0.09% |
527,180
+12,938
| +3% | +$1.43M |
|
277
Boston Beer
SAM
$1.94B
| $54.5M | 0.09% |
149,731
+44,260
| +42% | +$17.4M |
|
278
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $54.5M | 0.09% |
427,581
-488,834
| -53% | -$61.6M |
|
279
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.1B
| $54.4M | 0.09% |
700,700
+17,200
| +3% | +$1.32M |
|
280
Mid-America Apartment Communities
MAA
$15.4B
| $54.3M | 0.09% |
417,974
+228,331
| +120% | +$28.4M |
|
281
Equity Lifestyle Properties
ELS
$12.7B
| $54.3M | 0.09% |
813,194
+405,914
| +100% | +$26.4M |
|
282
CALL
AbbVie
ABBV
$468B
| $54.2M | 0.09% |
716,300
+313,800
| +78% | +$21.5M |
|
|
EA
283
PUT
DELISTED
Electronic Arts
EA
| $53.6M | 0.08% |
548,200
+175,000
| +47% | +$16.4M |
|
284
Ryman Hospitality Properties
RHP
$8.91B
| $53.3M | 0.08% |
651,486
+165,723
| +34% | +$13.1M |
|
285
Planet Fitness
PLNT
$4.07B
| $52.9M | 0.08% |
914,034
-460,940
| -34% | -$32.5M |
|
|
WMGI
286
DELISTED
Wright Medical Group Inc
WMGI
| $52.7M | 0.08% |
2,556,157
-1,145,103
| -31% | -$27.3M |
|
287
Invesco QQQ Trust
QQQ
$483B
| $52.6M | 0.08% |
278,843
+191,272
| +218% | +$36.3M |
|
288
Thomson Reuters
TRI
$46.7B
| $52.5M | 0.08% |
745,129
-43,751
| -6% | -$3.11M |
|
289
Constellation Brands
STZ
$23.6B
| $52.2M | 0.08% |
251,885
+238,498
| +1,782% | +$47.9M |
|
290
International Bancshares
IBOC
$4.48B
| $52.1M | 0.08% |
1,349,847
+187,600
| +16% | +$6.87M |
|
291
Fate Therapeutics
FATE
$288M
| $52.1M | 0.08% |
3,355,119
+1,332,134
| +66% | +$25.5M |
|
292
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.3B
| $52.1M | 0.08% |
577,800
+484,300
| +518% | +$44.2M |
|
|
VSM
293
DELISTED
Versum Materials, Inc.
VSM
| $52M | 0.08% |
982,119
+694,341
| +241% | +$36.1M |
|
294
Vulcan Materials
VMC
$35.6B
| $51.8M | 0.08% |
342,278
-129,595
| -27% | -$18.3M |
|
295
CALL
Netflix
NFLX
$336B
| $51.5M | 0.08% |
1,925,000
+364,000
| +23% | +$11.4M |
|
296
Walt Disney
DIS
$190B
| $51.5M | 0.08% |
395,168
-1,313,010
| -77% | -$182M |
|
|
SCHW
297
Charles Schwab
SCHW
$196B
| $51.3M | 0.08% |
1,227,502
-1,381,878
| -53% | -$55.8M |
|
|
DRE
298
DELISTED
Duke Realty Corp.
DRE
| $51.1M | 0.08% |
1,504,817
+154,539
| +11% | +$5.12M |
|
299
CALL
Chevron
CVX
$399B
| $50.9M | 0.08% |
429,400
+425,400
| +10,635% | +$51.7M |
|
|
DOCU
300
DocuSign
DOCU
$11.9B
| $50.9M | 0.08% |
+821,724
| New | +$43M |
|
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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's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 13% a quarter earlier, followed by Financials and Technology.
- 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.