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 | Miscellaneous | 28.11% |
| 2 | Healthcare | 11.62% |
| 3 | Financials | 10.42% |
| 4 | Technology | 9.63% |
| 5 | Consumer Discretionary | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1551
MGE Energy Inc
MGEE
$2.97B
| $6.76M | 0.01% |
84,664
-104,540
| -55% | -$7.82M |
|
|
HTLF
1552
DELISTED
Heartland Financial USA, Inc.
HTLF
| $6.76M | 0.01% |
151,083
+27,564
| +22% | +$1.23M |
|
1553
PUT
Coca-Cola
KO
$385B
| $6.75M | 0.01% |
124,000
+3,400
| +3% | +$182K |
|
1554
Texas Capital Bancshares
TCBI
$4.26B
| $6.75M | 0.01% |
123,517
-84,109
| -41% | -$4.79M |
|
1555
Hercules Capital
HTGC
$3.28B
| $6.75M | 0.01% |
504,741
-238,846
| -32% | -$3.12M |
|
1556
Schwab Short-Term US Treasury ETF
SCHO
$13.1B
| $6.74M | 0.01% |
266,304
+97,336
| +58% | +$2.46M |
|
1557
PENN Entertainment
PENN
$2.35B
| $6.73M | 0.01% |
361,352
-158,175
| -30% | -$2.99M |
|
1558
SM Energy
SM
$8.73B
| $6.73M | 0.01% |
694,461
-5,525,771
| -89% | -$56.3M |
|
1559
PTC Therapeutics
PTCT
$5.99B
| $6.73M | 0.01% |
198,879
-1,034,449
| -84% | -$45M |
|
1560
PUT
TJX Companies
TJX
$149B
| $6.68M | 0.01% |
+119,800
| New | +$6.53M |
|
1561
CRH
CRH
$63.4B
| $6.67M | 0.01% |
+194,037
| New | +$6.43M |
|
1562
Blue Owl Capital
OBDC
$5.57B
| $6.64M | 0.01% |
+421,173
| New | +$6.75M |
|
1563
iShares MSCI France ETF
EWQ
$332M
| $6.63M | 0.01% |
220,106
+140,033
| +175% | +$4.18M |
|
1564
HEICO Corp
HEI
$46.8B
| $6.63M | 0.01% |
53,092
-29,757
| -36% | -$4.07M |
|
1565
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $6.62M | 0.01% |
58,433
-26,610
| -31% | -$3.03M |
|
|
MNK
1566
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $6.61M | 0.01% |
2,744,778
+2,425,962
| +761% | +$12.4M |
|
|
EIGI
1567
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $6.61M | 0.01% |
+1,763,512
| New | +$8.39M |
|
1568
CALL
Morgan Stanley
MS
$336B
| $6.6M | 0.01% |
154,600
+148,400
| +2,394% | +$6.34M |
|
|
KREF
1569
KKR Real Estate Finance Trust
KREF
$491M
| $6.59M | 0.01% |
337,653
+203,446
| +152% | +$4M |
|
1570
Sprouts Farmers Market
SFM
$7.66B
| $6.57M | 0.01% |
339,512
-501,587
| -60% | -$9.21M |
|
1571
Talos Energy
TALO
$2.82B
| $6.56M | 0.01% |
322,516
+286,771
| +802% | +$6.22M |
|
1572
Impinj
PI
$5.04B
| $6.55M | 0.01% |
212,466
-80,603
| -28% | -$2.81M |
|
|
EA
1573
DELISTED
Electronic Arts
EA
| $6.54M | 0.01% |
66,815
-302,534
| -82% | -$28.4M |
|
|
GTHX
1574
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $6.53M | 0.01% |
286,754
+158,094
| +123% | +$4.98M |
|
|
MODV
1575
DELISTED
ModivCare
MODV
| $6.53M | 0.01% |
109,804
+48,711
| +80% | +$2.77M |
|
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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 withdrew a net $4.18B in Q3 2019, closing 727 positions and reducing 1,651 holdings. Its most notable exit was Worldpay, Inc., an estimated $429M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in L3Harris worth $288M.
- 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.