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 | |
|---|---|---|---|---|---|---|
1626
iShares Short Maturity Bond ETF
NEAR
$4.97B
| $6.12M | 0.01% |
+121,522
| New | +$6.11M |
|
1627
PUT
Cognizant
CTSH
$28.7B
| $6.11M | 0.01% |
101,400
-45,700
| -31% | -$2.89M |
|
1628
Powell Industries
POWL
$7.02B
| $6.1M | 0.01% |
467,721
+302,886
| +184% | +$3.77M |
|
1629
Orthofix Medical
OFIX
$392M
| $6.07M | 0.01% |
114,525
+100,828
| +736% | +$5.2M |
|
1630
Centene
CNC
$32.3B
| $6.07M | 0.01% |
140,360
-1,027,527
| -88% | -$50M |
|
|
HOLI
1631
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $6.07M | 0.01% |
399,550
+259,711
| +186% | +$4.31M |
|
|
ALX
1632
Alexander's
ALX
$1.38B
| $6.07M | 0.01% |
+17,416
| New | +$6.38M |
|
1633
HCI Group
HCI
$2.32B
| $6.06M | 0.01% |
144,227
+91,684
| +174% | +$3.77M |
|
1634
Kinder Morgan
KMI
$70.2B
| $6.06M | 0.01% |
294,036
+89,051
| +43% | +$1.83M |
|
|
ACIA
1635
PUT
DELISTED
Acacia Communications Inc
ACIA
| $6.05M | 0.01% |
+92,500
| New | +$5.86M |
|
1636
iShares MSCI South Africa ETF
EZA
$594M
| $6.05M | 0.01% |
+127,437
| New | +$6.44M |
|
1637
CALL
Vulcan Materials
VMC
$35.5B
| $6.03M | 0.01% |
+39,900
| New | +$5.63M |
|
|
RWGE
1638
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
| $6M | 0.01% |
581,500
| – | – |
|
|
PROS
1639
DELISTED
ProSight Global, Inc.
PROS
| $5.99M | 0.01% |
+309,543
| New | +$5.65M |
|
1640
Patrick Industries
PATK
$2.67B
| $5.99M | 0.01% |
209,373
+199,090
| +1,936% | +$5.52M |
|
|
HOUS
1641
DELISTED
Anywhere Real Estate
HOUS
| $5.98M | 0.01% |
895,942
+624,538
| +230% | +$3.61M |
|
1642
Travere Therapeutics
TVTX
$6.36B
| $5.97M | 0.01% |
514,784
-35,786
| -6% | -$591K |
|
1643
Kadant
KAI
$3.61B
| $5.96M | 0.01% |
+67,942
| New | +$5.83M |
|
|
SPPI
1644
PUT
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $5.96M | 0.01% |
718,600
+218,600
| +44% | +$1.77M |
|
|
CELG
1645
CALL
DELISTED
Celgene Corp
CELG
| $5.96M | 0.01% |
60,000
| – | – |
|
1646
Factset
FDS
$10.8B
| $5.95M | 0.01% |
24,490
-67,052
| -73% | -$18.6M |
|
1647
US Physical Therapy
USPH
$1.18B
| $5.95M | 0.01% |
+45,554
| New | +$5.93M |
|
1648
The Mosaic Company
MOS
$7.55B
| $5.94M | 0.01% |
289,566
-932,548
| -76% | -$20.3M |
|
1649
AMC Entertainment Holdings
AMC
$2.41B
| $5.93M | 0.01% |
55,402
+45,362
| +452% | +$4.94M |
|
1650
Enova International
ENVA
$5.91B
| $5.92M | 0.01% |
285,546
+250,191
| +708% | +$5.91M |
|
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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.