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 | |
|---|---|---|---|---|---|---|
|
TLRA
1701
DELISTED
Telaria, Inc.
TLRA
| $5.53M | 0.01% |
799,572
+662,504
| +483% | +$5.5M |
|
|
CERN
1702
PUT
DELISTED
Cerner Corp
CERN
| $5.52M | 0.01% |
81,000
-160,000
| -66% | -$11.3M |
|
|
NEE.PRO
1703
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
| $5.51M | 0.01% |
+110,000
| New | +$5.41M |
|
1704
PUT
Ross Stores
ROST
$73.7B
| $5.5M | 0.01% |
50,100
-79,800
| -61% | -$8.42M |
|
1705
Xcel Energy
XEL
$48.2B
| $5.49M | 0.01% |
84,656
-235,797
| -74% | -$14.7M |
|
|
TNAV
1706
DELISTED
Telenav Inc.
TNAV
| $5.49M | 0.01% |
+1,148,668
| New | +$9.67M |
|
|
CBM
1707
DELISTED
Cambrex Corporation
CBM
| $5.46M | 0.01% |
+91,762
| New | +$4.91M |
|
|
TTM
1708
DELISTED
Tata Motors Limited
TTM
| $5.45M | 0.01% |
649,413
-424,683
| -40% | -$4.02M |
|
1709
Molina Healthcare
MOH
$10.4B
| $5.44M | 0.01% |
49,584
-341,830
| -87% | -$44.3M |
|
1710
Ollie's Bargain Outlet
OLLI
$4.32B
| $5.43M | 0.01% |
92,646
-357,630
| -79% | -$26.8M |
|
1711
PUT
Skyworks Solutions
SWKS
$10.1B
| $5.43M | 0.01% |
68,500
+29,800
| +77% | +$2.37M |
|
1712
Herbalife
HLF
$1.29B
| $5.42M | 0.01% |
143,078
+99,751
| +230% | +$3.89M |
|
|
FLIC
1713
DELISTED
First of Long Island Corp
FLIC
| $5.41M | 0.01% |
237,885
-8,713
| -4% | -$192K |
|
|
NP
1714
DELISTED
Neenah, Inc. Common Stock
NP
| $5.41M | 0.01% |
83,077
+40,235
| +94% | +$2.62M |
|
1715
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.7B
| $5.41M | 0.01% |
70,900
+35,900
| +103% | +$2.98M |
|
1716
PUT
Linde
LIN
$224B
| $5.4M | 0.01% |
27,900
+6,600
| +31% | +$1.28M |
|
|
DRNA
1717
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $5.39M | 0.01% |
375,640
-388,754
| -51% | -$5.56M |
|
|
BRKL
1718
DELISTED
Brookline Bancorp
BRKL
| $5.39M | 0.01% |
366,130
+133,162
| +57% | +$1.93M |
|
1719
Coca-Cola
KO
$383B
| $5.39M | 0.01% |
99,081
-500,428
| -83% | -$26.8M |
|
|
CTT
1720
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $5.37M | 0.01% |
503,474
+206,317
| +69% | +$2.09M |
|
1721
PUT
Hain Celestial
HAIN
$64.1M
| $5.37M | 0.01% |
+250,000
| New | +$5.24M |
|
1722
Designer Brands
DBI
$278M
| $5.37M | 0.01% |
313,539
-339,802
| -52% | -$5.76M |
|
1723
Universal Electronics
UEIC
$55.4M
| $5.35M | 0.01% |
105,080
-112,152
| -52% | -$4.98M |
|
|
NGHC
1724
DELISTED
National General Holdings Corp
NGHC
| $5.34M | 0.01% |
232,225
+175,405
| +309% | +$4.12M |
|
1725
Oaktree Specialty Lending
OCSL
$1.14B
| $5.34M | 0.01% |
343,823
-241,049
| -41% | -$3.79M |
|
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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.