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 | |
|---|---|---|---|---|---|---|
76
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $129M | 0.2% |
1,383,600
+881,100
| +175% | +$80.2M |
|
77
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $129M | 0.2% |
435,431
+209,187
| +92% | +$61.8M |
|
78
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $128M | 0.2% |
3,121,200
+448,800
| +17% | +$18.5M |
|
79
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $127M | 0.2% |
4,761,500
+593,700
| +14% | +$16.6M |
|
80
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $126M | 0.2% |
834,700
-144,100
| -15% | -$22M |
|
81
Altria Group
MO
$110B
| $125M | 0.2% |
3,065,077
+291,866
| +11% | +$13.4M |
|
82
PepsiCo
PEP
$196B
| $125M | 0.2% |
910,871
+872,139
| +2,252% | +$116M |
|
83
TechnipFMC
FTI
$30.4B
| $125M | 0.2% |
6,945,992
-2,564,802
| -27% | -$47.8M |
|
84
McKesson
MCK
$100B
| $122M | 0.19% |
889,345
+108,613
| +14% | +$15.4M |
|
85
Citigroup
C
$221B
| $120M | 0.19% |
1,738,525
-2,141,078
| -55% | -$146M |
|
86
Axalta
AXTA
$7.75B
| $118M | 0.19% |
3,925,954
+1,491,087
| +61% | +$44M |
|
87
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $117M | 0.19% |
4,188,800
+2,194,600
| +110% | +$60.6M |
|
88
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $116M | 0.18% |
1,491,600
+422,000
| +39% | +$32.4M |
|
89
American Electric Power
AEP
$65.8B
| $116M | 0.18% |
1,234,988
+606,605
| +97% | +$55.1M |
|
90
PUT
JPMorgan Chase
JPM
$935B
| $115M | 0.18% |
977,700
-31,500
| -3% | -$3.56M |
|
91
Danaher
DHR
$154B
| $115M | 0.18% |
897,573
+112,575
| +14% | +$14.1M |
|
92
Jack in the Box
JACK
$331M
| $113M | 0.18% |
1,242,681
-38,670
| -3% | -$3.22M |
|
93
Boston Scientific
BSX
$73B
| $112M | 0.18% |
2,755,508
-1,825,154
| -40% | -$77.3M |
|
94
Dollar Tree
DLTR
$25.3B
| $111M | 0.18% |
975,364
+934,751
| +2,302% | +$97.8M |
|
95
Alliant Energy
LNT
$17.6B
| $110M | 0.17% |
2,045,424
-145,935
| -7% | -$7.5M |
|
96
Dollar General
DG
$27.2B
| $109M | 0.17% |
683,418
+60,147
| +10% | +$8.7M |
|
|
FISV
97
Fiserv Inc
FISV
$28B
| $107M | 0.17% |
1,035,708
+237,779
| +30% | +$24.3M |
|
98
General Dynamics
GD
$104B
| $107M | 0.17% |
587,072
+367,437
| +167% | +$68.3M |
|
99
Louisiana-Pacific
LPX
$5.12B
| $106M | 0.17% |
4,322,397
+3,792,636
| +716% | +$93.4M |
|
100
Starbucks
SBUX
$122B
| $106M | 0.17% |
1,197,537
+631,366
| +112% | +$58.5M |
|
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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.