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 | |
|---|---|---|---|---|---|---|
476
CALL
Starbucks
SBUX
$123B
| $34.2M | 0.05% |
387,000
+111,600
| +41% | +$10.3M |
|
477
Zymeworks
ZYME
$2.06B
| $34.2M | 0.05% |
1,379,757
+129,412
| +10% | +$3.24M |
|
478
TransUnion
TRU
$16.3B
| $34.1M | 0.05% |
420,677
+333,252
| +381% | +$26.8M |
|
479
Hewlett Packard
HPE
$69.4B
| $34.1M | 0.05% |
2,248,253
+2,215,730
| +6,813% | +$31.5M |
|
480
Public Storage
PSA
$60.7B
| $34M | 0.05% |
138,554
+101,839
| +277% | +$25.6M |
|
481
SLB Ltd
SLB
$80.1B
| $33.9M | 0.05% |
992,282
+555,415
| +127% | +$20.3M |
|
482
Idacorp
IDA
$8B
| $33.9M | 0.05% |
300,753
-114,504
| -28% | -$12.2M |
|
483
CALL
iShares US Real Estate ETF
IYR
$4.67B
| $33.9M | 0.05% |
362,100
+304,900
| +533% | +$27.8M |
|
484
Teradyne
TER
$57B
| $33.7M | 0.05% |
582,526
-236,438
| -29% | -$12.5M |
|
485
Mueller Water Products
MWA
$3.93B
| $33.7M | 0.05% |
2,997,016
+526,376
| +21% | +$5.38M |
|
486
PUT
Abbott
ABT
$202B
| $33.6M | 0.05% |
401,000
+262,200
| +189% | +$22.3M |
|
487
PUT
McDonald's
MCD
$193B
| $33.5M | 0.05% |
+156,200
| New | +$33.5M |
|
488
Entegris
ENTG
$21.1B
| $33.3M | 0.05% |
707,471
-319,909
| -31% | -$13.5M |
|
489
PUT
Berkshire Hathaway Class B
BRK.B
$1.08T
| $33.3M | 0.05% |
160,000
+5,000
| +3% | +$1.03M |
|
490
PUT
Amgen
AMGN
$240B
| $33.2M | 0.05% |
171,600
+1,400
| +0.8% | +$269K |
|
491
CareTrust REIT
CTRE
$9.37B
| $33.2M | 0.05% |
1,412,119
-291,470
| -17% | -$6.84M |
|
492
Amcor
AMCR
$22.2B
| $33M | 0.05% |
+677,469
| New | +$35M |
|
493
CONMED
CNMD
$1.54B
| $32.9M | 0.05% |
342,357
-62,727
| -15% | -$5.89M |
|
494
Avnet
AVT
$7.08B
| $32.9M | 0.05% |
739,702
+694,507
| +1,537% | +$30M |
|
|
RPAI
495
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $32.7M | 0.05% |
2,656,650
+1,712,183
| +181% | +$20.1M |
|
496
Kilroy Realty
KRC
$4.29B
| $32.7M | 0.05% |
419,749
+230,909
| +122% | +$17.9M |
|
497
Aon
AON
$76.2B
| $32.7M | 0.05% |
168,883
+68,120
| +68% | +$13.1M |
|
498
Steel Dynamics
STLD
$32.9B
| $32.6M | 0.05% |
1,095,141
-1,116,034
| -50% | -$33M |
|
499
Targa Resources
TRGP
$63.1B
| $32.6M | 0.05% |
+811,713
| New | +$31M |
|
500
Cullen/Frost Bankers
CFR
$10.2B
| $32.5M | 0.05% |
366,942
+304,915
| +492% | +$27M |
|
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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.