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 | |
|---|---|---|---|---|---|---|
|
SPR
451
DELISTED
Spirit AeroSystems
SPR
| $35.7M | 0.06% |
433,612
+111,820
| +35% | +$8.76M |
|
452
American Eagle Outfitters
AEO
$2.83B
| $35.6M | 0.06% |
2,193,044
+667,387
| +44% | +$11.1M |
|
453
Regions Financial
RF
$26.1B
| $35.4M | 0.06% |
2,237,000
-1,918,341
| -46% | -$29M |
|
454
Royal Caribbean
RCL
$78.4B
| $35.4M | 0.06% |
326,565
+151,174
| +86% | +$16.6M |
|
455
Pan American Silver
PAAS
$22.2B
| $35.3M | 0.06% |
2,250,077
+578,367
| +35% | +$9.36M |
|
|
SPAQ.U
456
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
| $35.2M | 0.06% |
3,399,000
| – | – |
|
457
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $35.2M | 0.06% |
1,208,800
+1,128,800
| +1,411% | +$32.5M |
|
458
Yelp
YELP
$1.29B
| $35.1M | 0.06% |
1,010,059
+520,138
| +106% | +$18M |
|
459
Owens Corning
OC
$11.6B
| $35.1M | 0.06% |
554,808
-375,433
| -40% | -$21.5M |
|
|
SDC
460
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $34.9M | 0.06% |
+2,514,614
| New | +$41.9M |
|
461
CALL
Bank of America
BAC
$436B
| $34.9M | 0.06% |
1,194,800
+286,000
| +31% | +$8.22M |
|
462
Campbell Soup
CPB
$7.2B
| $34.8M | 0.06% |
741,271
+171,673
| +30% | +$7.41M |
|
|
SYNH
463
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $34.7M | 0.05% |
+651,879
| New | +$33.5M |
|
464
Viatris
VTRS
$19B
| $34.7M | 0.05% |
1,752,299
+1,486,180
| +558% | +$29.1M |
|
|
BLD
465
DELISTED
TopBuild
BLD
| $34.6M | 0.05% |
359,256
+39,616
| +12% | +$3.5M |
|
|
ATVI
466
DELISTED
Activision Blizzard
ATVI
| $34.6M | 0.05% |
654,037
+602,592
| +1,171% | +$30M |
|
467
UDR
UDR
$12.3B
| $34.6M | 0.05% |
713,191
+220,743
| +45% | +$10.4M |
|
468
CALL
Boeing
BA
$166B
| $34.5M | 0.05% |
+90,800
| New | +$32.5M |
|
|
OPTU
469
Optimum Communications Inc
OPTU
$328M
| $34.5M | 0.05% |
1,202,281
-1,349,811
| -53% | -$36.8M |
|
470
Devon Energy
DVN
$53.1B
| $34.4M | 0.05% |
1,430,430
+474,107
| +50% | +$11.9M |
|
471
Ametek
AME
$55.6B
| $34.4M | 0.05% |
374,318
-673,304
| -64% | -$59.4M |
|
|
FLG
472
Flagstar Bank National Association
FLG
$5.57B
| $34.4M | 0.05% |
912,494
+904,594
| +11,451% | +$31.2M |
|
473
Five Below
FIVE
$14.5B
| $34.3M | 0.05% |
271,692
-394,382
| -59% | -$47.9M |
|
474
Fluor
FLR
$6.86B
| $34.2M | 0.05% |
1,790,372
+1,372,416
| +328% | +$32.8M |
|
|
SIVB
475
DELISTED
SVB Financial Group
SIVB
| $34.2M | 0.05% |
163,812
+157,772
| +2,612% | +$33.1M |
|
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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.