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 | |
|---|---|---|---|---|---|---|
626
Open Text
OTEX
$5.95B
| $25.6M | 0.04% |
626,381
-77,104
| -11% | -$3.14M |
|
|
EXAS
627
DELISTED
Exact Sciences
EXAS
| $25.5M | 0.04% |
282,079
+272,562
| +2,864% | +$31.1M |
|
628
PUT
Gilead Sciences
GILD
$182B
| $25.4M | 0.04% |
400,600
+266,700
| +199% | +$17.4M |
|
629
Park Hotels & Resorts
PK
$3.19B
| $25.4M | 0.04% |
1,015,499
+189,628
| +23% | +$4.81M |
|
630
Tradeweb Markets
TW
$22.9B
| $25.3M | 0.04% |
684,438
+377,543
| +123% | +$16.7M |
|
631
PUT
American Express
AXP
$228B
| $25.2M | 0.04% |
213,100
-61,400
| -22% | -$7.53M |
|
|
OPLN
632
Openlane
OPLN
$4.16B
| $25.2M | 0.04% |
1,026,413
+937,634
| +1,056% | +$24M |
|
633
Copa Holdings
CPA
$5.95B
| $25.2M | 0.04% |
254,845
+208,781
| +453% | +$21M |
|
634
Energizer
ENR
$1.47B
| $25.1M | 0.04% |
576,043
-129,042
| -18% | -$5.14M |
|
635
Neurocrine Biosciences
NBIX
$15.6B
| $25M | 0.04% |
277,052
+73,342
| +36% | +$6.85M |
|
636
Sun Communities
SUI
$15B
| $24.9M | 0.04% |
167,762
-188,102
| -53% | -$26.6M |
|
637
National Vision
EYE
$1.44B
| $24.9M | 0.04% |
1,033,304
+583,357
| +130% | +$17M |
|
638
CALL
Amgen
AMGN
$240B
| $24.9M | 0.04% |
128,500
-48,900
| -28% | -$9.39M |
|
639
CALL
United Airlines
UAL
$36.9B
| $24.8M | 0.04% |
280,700
+70,500
| +34% | +$6.23M |
|
640
Jones Lang LaSalle
JLL
$17.8B
| $24.8M | 0.04% |
178,070
+134,656
| +310% | +$18.7M |
|
641
M&T Bank
MTB
$34.9B
| $24.7M | 0.04% |
156,486
+124,480
| +389% | +$19.6M |
|
642
CALL
Charter Communications
CHTR
$17.9B
| $24.6M | 0.04% |
59,700
+14,300
| +31% | +$5.77M |
|
643
Graco
GGG
$13B
| $24.6M | 0.04% |
533,640
+390,080
| +272% | +$18.4M |
|
644
TD Synnex
SNX
$19.5B
| $24.6M | 0.04% |
435,074
-452,530
| -51% | -$21.1M |
|
|
DENN
645
DELISTED
Denny's
DENN
| $24.5M | 0.04% |
1,076,609
+353,294
| +49% | +$7.92M |
|
646
FirstCash
FCFS
$10.3B
| $24.5M | 0.04% |
266,892
+192,532
| +259% | +$19.1M |
|
|
DLPH
647
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $24.4M | 0.04% |
1,823,951
+518,218
| +40% | +$8.22M |
|
|
VBTX
648
DELISTED
Veritex Holdings
VBTX
| $24.4M | 0.04% |
1,007,168
+593,588
| +144% | +$14.6M |
|
649
Flex
FLEX
$39.4B
| $24.3M | 0.04% |
3,087,482
+1,673,353
| +118% | +$12.9M |
|
650
Pacira BioSciences
PCRX
$991M
| $24.3M | 0.04% |
639,139
-844,598
| -57% | -$33.7M |
|
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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.