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 | |
|---|---|---|---|---|---|---|
501
Medtronic
MDT
$119B
| $32.3M | 0.05% |
297,243
+260,254
| +704% | +$27.2M |
|
502
CSX Corp
CSX
$95.3B
| $32.3M | 0.05% |
1,397,589
-1,797,519
| -56% | -$41.8M |
|
503
Ingredion
INGR
$6.69B
| $32.2M | 0.05% |
394,200
+71,633
| +22% | +$5.69M |
|
504
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$46.6B
| $32.2M | 0.05% |
+225,000
| New | +$31.3M |
|
|
DFS
505
DELISTED
Discover Financial Services
DFS
| $32.2M | 0.05% |
396,779
-268,669
| -40% | -$22.2M |
|
506
Orion
OEC
$340M
| $32.2M | 0.05% |
1,924,556
-403,906
| -17% | -$6.61M |
|
507
Enphase Energy
ENPH
$4.91B
| $32.1M | 0.05% |
1,445,632
+311,130
| +27% | +$7.97M |
|
508
Selective Insurance
SIGI
$5.52B
| $32.1M | 0.05% |
426,993
+378,402
| +779% | +$29.2M |
|
509
CALL
Targa Resources
TRGP
$63.1B
| $32.1M | 0.05% |
799,100
| – | – |
|
510
CALL
iShares MSCI Mexico ETF
EWW
$1.79B
| $32M | 0.05% |
750,000
+90,000
| +14% | +$3.76M |
|
511
Duke Energy
DUK
$95.1B
| $32M | 0.05% |
333,895
-567,467
| -63% | -$51.6M |
|
|
EFOR
512
Everforth Inc
EFOR
$1.33B
| $31.9M | 0.05% |
507,962
-45,626
| -8% | -$2.82M |
|
|
NSA
513
DELISTED
National Storage Affiliates Trust
NSA
| $31.9M | 0.05% |
954,770
+265,339
| +38% | +$8.4M |
|
514
Goodyear
GT
$1.73B
| $31.8M | 0.05% |
2,207,228
-370,321
| -14% | -$4.93M |
|
515
American Homes 4 Rent
AMH
$12.5B
| $31.8M | 0.05% |
1,226,939
-457,258
| -27% | -$11.5M |
|
516
Unum
UNM
$14.2B
| $31.7M | 0.05% |
1,067,850
-492,034
| -32% | -$14.6M |
|
517
HubSpot
HUBS
$12.2B
| $31.7M | 0.05% |
209,210
-118,188
| -36% | -$21.2M |
|
518
PUT
Costco
COST
$431B
| $31.7M | 0.05% |
110,000
-13,700
| -11% | -$3.86M |
|
519
First American
FAF
$7.38B
| $31.7M | 0.05% |
536,900
+175,558
| +49% | +$10M |
|
520
Eastman Chemical
EMN
$8.31B
| $31.6M | 0.05% |
428,376
+407,028
| +1,907% | +$29.2M |
|
521
KB Home
KBH
$3.41B
| $31.6M | 0.05% |
929,694
-2,734,919
| -75% | -$76.6M |
|
522
OneMain Financial
OMF
$7.23B
| $31.6M | 0.05% |
861,603
-301,293
| -26% | -$11.2M |
|
523
Fox Class A
FOXA
$29B
| $31.6M | 0.05% |
1,001,726
+995,664
| +16,425% | +$34.5M |
|
524
CALL
Micron Technology
MU
$1.03T
| $31.6M | 0.05% |
736,700
+153,400
| +26% | +$6.94M |
|
525
NetApp
NTAP
$36.7B
| $31.5M | 0.05% |
600,711
-460,472
| -43% | -$24.7M |
|
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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.