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 | |
|---|---|---|---|---|---|---|
1651
PUT
United Rentals
URI
$64.6B
| $5.92M | 0.01% |
47,500
-17,400
| -27% | -$2.11M |
|
|
STAY
1652
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $5.89M | 0.01% |
402,174
+297,002
| +282% | +$4.53M |
|
1653
Champion Homes
SKY
$4.89B
| $5.88M | 0.01% |
195,552
+108,533
| +125% | +$3.14M |
|
1654
Consolidated Edison
ED
$39.5B
| $5.88M | 0.01% |
62,255
-538,655
| -90% | -$47.8M |
|
1655
PNC Financial Services
PNC
$97.1B
| $5.88M | 0.01% |
41,955
-562,676
| -93% | -$76.3M |
|
1656
Clean Harbors
CLH
$16.5B
| $5.87M | 0.01% |
76,058
-251,217
| -77% | -$18.6M |
|
|
HEES
1657
DELISTED
H&E Equipment Services
HEES
| $5.87M | 0.01% |
203,325
-66,260
| -25% | -$1.79M |
|
|
VNE
1658
DELISTED
Veoneer, Inc.
VNE
| $5.87M | 0.01% |
391,349
-1,841
| -0.5% | -$29.9K |
|
1659
Etsy
ETSY
$7.61B
| $5.86M | 0.01% |
103,805
-981,002
| -90% | -$57.7M |
|
|
FTCH
1660
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $5.85M | 0.01% |
677,023
-1,379,844
| -67% | -$19.8M |
|
1661
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $5.84M | 0.01% |
245,000
| – | – |
|
|
BEST
1662
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $5.84M | 0.01% |
55,330
+21,491
| +64% | +$2.15M |
|
1663
Varonis Systems
VRNS
$5.14B
| $5.83M | 0.01% |
292,521
-476,991
| -62% | -$10.6M |
|
1664
First Busey Corp
BUSE
$2.49B
| $5.83M | 0.01% |
230,432
-60,477
| -21% | -$1.55M |
|
|
PGTI
1665
DELISTED
PGT, Inc.
PGTI
| $5.81M | 0.01% |
336,663
-400,815
| -54% | -$6.3M |
|
|
SA
1666
Seabridge Gold
SA
$3.67B
| $5.8M | 0.01% |
457,947
+179,864
| +65% | +$2.56M |
|
|
TWTR
1667
DELISTED
Twitter, Inc.
TWTR
| $5.78M | 0.01% |
140,368
-1,198,942
| -90% | -$49M |
|
1668
Installed Building Products
IBP
$6.4B
| $5.78M | 0.01% |
100,751
+36,777
| +57% | +$2.07M |
|
1669
Cummins
CMI
$79B
| $5.77M | 0.01% |
35,494
-84,084
| -70% | -$13.5M |
|
1670
Antero Midstream
AM
$10.7B
| $5.77M | 0.01% |
779,955
+669,140
| +604% | +$5.78M |
|
1671
Twilio
TWLO
$37.1B
| $5.76M | 0.01% |
52,423
+13,951
| +36% | +$1.81M |
|
1672
Domino's
DPZ
$11B
| $5.76M | 0.01% |
23,553
-304,729
| -93% | -$75.5M |
|
|
MNDT
1673
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $5.76M | 0.01% |
431,570
-94,818
| -18% | -$1.35M |
|
1674
Boise Cascade
BCC
$2.75B
| $5.75M | 0.01% |
176,552
-307,067
| -63% | -$9M |
|
1675
Celanese
CE
$4.92B
| $5.73M | 0.01% |
46,890
-37,140
| -44% | -$4.18M |
|
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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.