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 | |
|---|---|---|---|---|---|---|
|
KDMN
1076
DELISTED
Kadmon Holdings, Inc.
KDMN
| $13M | 0.02% |
5,168,469
+2,087,903
| +68% | +$5.18M |
|
1077
Kimberly-Clark
KMB
$36.9B
| $13M | 0.02% |
91,482
-997,343
| -92% | -$137M |
|
1078
Chesapeake Utilities
CPK
$3.25B
| $13M | 0.02% |
136,234
+73,041
| +116% | +$6.83M |
|
|
PMT
1079
PennyMac Mortgage Investment
PMT
$810M
| $13M | 0.02% |
583,914
-33,353
| -5% | -$735K |
|
1080
Berkshire Hathaway Class B
BRK.B
$1.08T
| $13M | 0.02% |
62,268
-54,230
| -47% | -$11.2M |
|
1081
Micron Technology
MU
$1.05T
| $12.9M | 0.02% |
301,948
-372,761
| -55% | -$16.9M |
|
1082
Caterpillar
CAT
$373B
| $12.9M | 0.02% |
102,381
-108,200
| -51% | -$13.7M |
|
1083
Paylocity
PCTY
$8.08B
| $12.9M | 0.02% |
132,481
-255,684
| -66% | -$26.2M |
|
1084
Red Rock Resorts
RRR
$3.53B
| $12.9M | 0.02% |
633,304
-124,722
| -16% | -$2.6M |
|
|
ATNX
1085
DELISTED
Athenex, Inc. Common Stock
ATNX
| $12.8M | 0.02% |
52,767
+30,482
| +137% | +$9.97M |
|
|
BBL
1086
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $12.8M | 0.02% |
299,489
-154,987
| -34% | -$7.07M |
|
|
CSGS
1087
DELISTED
CSG Systems International
CSGS
| $12.8M | 0.02% |
248,063
-105,078
| -30% | -$5.38M |
|
|
PGRE
1088
DELISTED
Paramount Group
PGRE
| $12.8M | 0.02% |
958,780
+770,211
| +408% | +$10.4M |
|
|
AKRX
1089
DELISTED
Akorn Inc
AKRX
| $12.8M | 0.02% |
3,360,605
+1,817,745
| +118% | +$6.49M |
|
1090
Envista
NVST
$4.41B
| $12.8M | 0.02% |
+458,013
| New | +$12.8M |
|
1091
Lithia Motors
LAD
$8.18B
| $12.7M | 0.02% |
96,259
+80,774
| +522% | +$10.3M |
|
1092
Alcon
ALC
$35.5B
| $12.7M | 0.02% |
+218,445
| New | +$13.1M |
|
1093
Analog Devices
ADI
$181B
| $12.7M | 0.02% |
113,941
+15,243
| +15% | +$1.73M |
|
|
DEACU
1094
DELISTED
Diamond Eagle Acquisition Corp. Unit
DEACU
| $12.7M | 0.02% |
1,250,000
| – | – |
|
1095
Rexford Industrial Realty
REXR
$8.39B
| $12.7M | 0.02% |
288,707
-150,398
| -34% | -$6.43M |
|
1096
PUT
AbbVie
ABBV
$470B
| $12.7M | 0.02% |
+167,800
| New | +$11.5M |
|
|
AVP
1097
DELISTED
Avon Products, Inc.
AVP
| $12.7M | 0.02% |
2,887,289
+613,713
| +27% | +$2.59M |
|
1098
Integra LifeSciences
IART
$1.31B
| $12.7M | 0.02% |
+211,431
| New | +$12.6M |
|
1099
PUT
Chipotle Mexican Grill
CMG
$47.4B
| $12.7M | 0.02% |
755,000
+385,000
| +104% | +$6.14M |
|
1100
CALL
DexCom
DXCM
$33.6B
| $12.7M | 0.02% |
340,000
+292,000
| +608% | +$11.3M |
|
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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.