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 | |
|---|---|---|---|---|---|---|
|
LADR
801
Ladder Capital
LADR
$1.27B
| $19.3M | 0.03% |
1,114,900
-122,753
| -10% | -$2.08M |
|
|
ZGNX
802
CALL
DELISTED
Zogenix, Inc.
ZGNX
| $19.2M | 0.03% |
+480,000
| New | +$22.1M |
|
|
ALE
803
DELISTED
Allete
ALE
| $19.1M | 0.03% |
218,805
+190,329
| +668% | +$16.4M |
|
804
Arbor Realty Trust
ABR
$979M
| $19.1M | 0.03% |
1,458,422
-422,492
| -22% | -$5.28M |
|
|
CBAY
805
DELISTED
Cymabay Therapeutics
CBAY
| $19.1M | 0.03% |
3,723,797
+740,380
| +25% | +$4.48M |
|
806
Accenture
ACN
$114B
| $19.1M | 0.03% |
99,098
-34,108
| -26% | -$6.6M |
|
|
IVC
807
DELISTED
Invacare Corporation
IVC
| $19M | 0.03% |
2,536,931
+868,617
| +52% | +$4.87M |
|
808
NorthWestern Energy
NWE
$4.29B
| $19M | 0.03% |
252,659
+188,634
| +295% | +$13.6M |
|
809
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $18.9M | 0.03% |
313,554
+29,230
| +10% | +$1.76M |
|
810
Valmont Industries
VMI
$9.29B
| $18.9M | 0.03% |
136,513
+22,426
| +20% | +$3.01M |
|
811
Oshkosh
OSK
$9.65B
| $18.9M | 0.03% |
248,991
+241,782
| +3,354% | +$18.5M |
|
812
Peloton Interactive
PTON
$2.35B
| $18.9M | 0.03% |
+751,408
| New | +$19.1M |
|
813
PUT
Martin Marietta Materials
MLM
$32B
| $18.9M | 0.03% |
+68,800
| New | +$17M |
|
|
WW
814
PUT
DELISTED
WW International
WW
| $18.8M | 0.03% |
+497,700
| New | +$14.1M |
|
815
CALL
iShares MSCI Brazil ETF
EWZ
$8.07B
| $18.8M | 0.03% |
446,500
+402,000
| +903% | +$17.3M |
|
|
PACW
816
DELISTED
PacWest Bancorp
PACW
| $18.8M | 0.03% |
516,145
+305,108
| +145% | +$11M |
|
|
VVNT
817
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $18.7M | 0.03% |
1,814,432
+1,650,432
| +1,006% | +$16.9M |
|
818
Reliance Steel & Aluminium
RS
$19.5B
| $18.7M | 0.03% |
187,837
+84,901
| +82% | +$8.29M |
|
|
LK
819
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $18.6M | 0.03% |
980,460
+744,842
| +316% | +$15.8M |
|
820
State Street SPDR S&P Biotech ETF
XBI
$11.5B
| $18.6M | 0.03% |
244,227
+224,519
| +1,139% | +$18.7M |
|
|
BPYU
821
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $18.6M | 0.03% |
913,189
-460,554
| -34% | -$8.89M |
|
822
SEI Investments
SEIC
$13.3B
| $18.6M | 0.03% |
313,752
+60,043
| +24% | +$3.47M |
|
823
ICICI Bank
IBN
$106B
| $18.6M | 0.03% |
1,525,486
+1,261,291
| +477% | +$14.8M |
|
824
Terreno Realty
TRNO
$7.51B
| $18.6M | 0.03% |
363,495
-115,352
| -24% | -$5.77M |
|
825
Watsco Inc
WSO
$12.8B
| $18.6M | 0.03% |
109,721
+2,566
| +2% | +$416K |
|
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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.