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 | |
|---|---|---|---|---|---|---|
1776
Minerva Neurosciences
NERV
$245M
| $5.07M | 0.01% |
81,822
-16,789
| -17% | -$951K |
|
1777
Oxford Industries
OXM
$570M
| $5.06M | 0.01% |
70,535
-222,764
| -76% | -$15.7M |
|
|
CARO
1778
DELISTED
Carolina Financial Corp.
CARO
| $5.05M | 0.01% |
142,088
-76,913
| -35% | -$2.68M |
|
1779
Capital Southwest
CSWC
$1.62B
| $5.05M | 0.01% |
231,542
+119,971
| +108% | +$2.59M |
|
|
RMG.U
1780
DELISTED
RMG Acquisition Corp.
RMG.U
| $5.04M | 0.01% |
500,000
| – | – |
|
1781
Costamare
CMRE
$1.86B
| $5.03M | 0.01% |
828,276
+635,427
| +329% | +$3.66M |
|
1782
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $5.03M | 0.01% |
130,035
+42,355
| +48% | +$1.63M |
|
1783
Descartes Systems
DSGX
$6.91B
| $5.02M | 0.01% |
124,596
+92,767
| +291% | +$3.43M |
|
|
ADN
1784
DELISTED
Advent Technologies
ADN
| $5.01M | 0.01% |
16,667
| – | – |
|
1785
Grupo Aeroportuario del Sureste
ASR
$7.8B
| $5M | 0.01% |
32,775
-47,178
| -59% | -$7.18M |
|
1786
Regional Management Corp
RM
$301M
| $4.99M | 0.01% |
177,264
+106,482
| +150% | +$2.85M |
|
|
DQ
1787
Daqo New Energy
DQ
$923M
| $4.99M | 0.01% |
+540,905
| New | +$4.94M |
|
|
BITA
1788
DELISTED
Bitauto Holdings Limited
BITA
| $4.99M | 0.01% |
333,038
-188,039
| -36% | -$2.3M |
|
1789
Herc Holdings
HRI
$5.2B
| $4.98M | 0.01% |
107,025
-97,093
| -48% | -$4.22M |
|
1790
CALL
Virgin Galactic
SPCE
$455M
| $4.97M | 0.01% |
+23,226
| New | +$4.86M |
|
1791
Cabot Corp
CBT
$4.37B
| $4.96M | 0.01% |
109,467
-96,816
| -47% | -$4.18M |
|
1792
CALL
Waters Corp
WAT
$41.4B
| $4.96M | 0.01% |
22,200
-28,800
| -56% | -$6.22M |
|
|
I
1793
DELISTED
INTELSAT S. A.
I
| $4.95M | 0.01% |
217,205
-108,424
| -33% | -$2.29M |
|
1794
WillScot Mobile Mini Holdings
WSC
$3.79B
| $4.95M | 0.01% |
317,752
+64,272
| +25% | +$963K |
|
|
DM
1795
DELISTED
Desktop Metal, Inc.
DM
| $4.93M | 0.01% |
50,000
| – | – |
|
1796
Addus HomeCare
ADUS
$2.2B
| $4.93M | 0.01% |
62,163
-14,314
| -19% | -$1.16M |
|
|
AIMC
1797
DELISTED
Altra Industrial Motion Corp
AIMC
| $4.92M | 0.01% |
177,560
+88,404
| +99% | +$2.53M |
|
1798
Gogo Inc
GOGO
$370M
| $4.91M | 0.01% |
814,662
-401,401
| -33% | -$1.89M |
|
|
KEM
1799
DELISTED
KEMET Corporation
KEM
| $4.91M | 0.01% |
+269,943
| New | +$5.09M |
|
|
LBAI
1800
DELISTED
Lakeland Bancorp Inc
LBAI
| $4.9M | 0.01% |
317,575
+66,826
| +27% | +$1.04M |
|
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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.