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 | |
|---|---|---|---|---|---|---|
1801
Halozyme
HALO
$12.1B
| $4.89M | 0.01% |
+315,161
| New | +$5.19M |
|
|
ALLK
1802
DELISTED
Allakos
ALLK
| $4.88M | 0.01% |
62,104
+52,128
| +523% | +$3.44M |
|
1803
Tenet Healthcare
THC
$21.6B
| $4.88M | 0.01% |
220,728
-24,978
| -10% | -$532K |
|
|
PFC
1804
DELISTED
Premier Financial Corp. Common Stock
PFC
| $4.88M | 0.01% |
168,548
-23,223
| -12% | -$642K |
|
1805
PetMed Express
PETS
$40.1M
| $4.87M | 0.01% |
270,246
-471,067
| -64% | -$7.78M |
|
1806
TIM SA
TIMB
$8.44B
| $4.87M | 0.01% |
338,808
+107,201
| +46% | +$1.62M |
|
|
TGH
1807
DELISTED
Textainer Group Holdings limited
TGH
| $4.86M | 0.01% |
+490,894
| New | +$4.53M |
|
1808
Fortis
FTS
$28B
| $4.86M | 0.01% |
114,880
+102,972
| +865% | +$4.2M |
|
|
GBT
1809
CALL
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $4.85M | 0.01% |
100,000
-7,100
| -7% | -$370K |
|
|
CERN
1810
CALL
DELISTED
Cerner Corp
CERN
| $4.85M | 0.01% |
71,100
+56,100
| +374% | +$3.97M |
|
|
GCP
1811
DELISTED
GCP Applied Technologies Inc.
GCP
| $4.84M | 0.01% |
251,487
-111,096
| -31% | -$2.24M |
|
1812
PUT
iQIYI
IQ
$892M
| $4.84M | 0.01% |
300,000
-1,220,000
| -80% | -$22.4M |
|
1813
PUT
Procter & Gamble
PG
$333B
| $4.84M | 0.01% |
+38,900
| New | +$4.6M |
|
|
OPB
1814
DELISTED
Opus Bank Common Stock
OPB
| $4.84M | 0.01% |
222,152
+57,614
| +35% | +$1.22M |
|
1815
Carpenter Technology
CRS
$24.3B
| $4.83M | 0.01% |
93,567
+72,115
| +336% | +$3.49M |
|
|
SIX
1816
CALL
DELISTED
Six Flags Entertainment Corp.
SIX
| $4.83M | 0.01% |
+95,000
| New | +$5.16M |
|
|
IOTS
1817
DELISTED
Adesto Technologies Corp
IOTS
| $4.83M | 0.01% |
563,672
+354,526
| +170% | +$3.31M |
|
1818
Nucor
NUE
$57.3B
| $4.82M | 0.01% |
94,733
+46,282
| +96% | +$2.42M |
|
1819
Surgery Partners
SGRY
$1.82B
| $4.82M | 0.01% |
652,631
+139,493
| +27% | +$999K |
|
|
YMAB
1820
DELISTED
Y-mAbs Therapeutics
YMAB
| $4.82M | 0.01% |
184,806
-217,687
| -54% | -$5.56M |
|
|
SVC
1821
Service Properties Trust
SVC
$989M
| $4.81M | 0.01% |
37,304
+35,336
| +1,796% | +$4.37M |
|
1822
SiriusPoint
SPNT
$2.8B
| $4.79M | 0.01% |
479,942
+138,294
| +40% | +$1.39M |
|
1823
uniQure
QURE
$3.44B
| $4.79M | 0.01% |
121,653
-146,161
| -55% | -$8.43M |
|
1824
Canadian Pacific Kansas City
CP
$82.5B
| $4.79M | 0.01% |
107,560
-523,580
| -83% | -$24.6M |
|
|
FBMS
1825
DELISTED
The First Bancshares, Inc.
FBMS
| $4.78M | 0.01% |
148,011
+104,632
| +241% | +$3.33M |
|
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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.