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 | |
|---|---|---|---|---|---|---|
1951
Prestige Consumer Healthcare
PBH
$2.43B
| $4.04M | 0.01% |
116,403
+91,606
| +369% | +$3.02M |
|
1952
Laureate Education
LAUR
$5.38B
| $4.04M | 0.01% |
243,508
+117,109
| +93% | +$1.97M |
|
1953
NETSCOUT
NTCT
$2.87B
| $4.04M | 0.01% |
175,044
-380,196
| -68% | -$9.08M |
|
1954
Credit Acceptance
CACC
$6.23B
| $4.03M | 0.01% |
8,745
-14,455
| -62% | -$6.83M |
|
|
SLCA
1955
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $4.02M | 0.01% |
420,826
+286,423
| +213% | +$3.3M |
|
1956
Host Hotels & Resorts
HST
$15.3B
| $4.01M | 0.01% |
232,122
-2,176,793
| -90% | -$37.2M |
|
|
SRDX
1957
DELISTED
Surmodics
SRDX
| $4.01M | 0.01% |
87,689
-14,345
| -14% | -$625K |
|
|
GLDD
1958
DELISTED
Great Lakes Dredge & Dock
GLDD
| $4.01M | 0.01% |
383,588
-555,961
| -59% | -$5.88M |
|
1959
CALL
Helmerich & Payne
HP
$4.24B
| $4.01M | 0.01% |
+100,000
| New | +$4.41M |
|
1960
Grand Canyon Education
LOPE
$3.91B
| $4.01M | 0.01% |
40,804
+34,789
| +578% | +$4.15M |
|
|
DHIL
1961
DELISTED
Diamond Hill
DHIL
| $4M | 0.01% |
28,957
+4,822
| +20% | +$655K |
|
1962
Capitol Federal Financial
CFFN
$1.07B
| $4M | 0.01% |
290,178
+3,063
| +1% | +$41.7K |
|
|
SAGE
1963
DELISTED
Sage Therapeutics
SAGE
| $4M | 0.01% |
+28,497
| New | +$4.77M |
|
1964
PUT
NetEase
NTES
$78.6B
| $3.99M | 0.01% |
75,000
+5,000
| +7% | +$254K |
|
|
LX
1965
LexinFintech Holdings
LX
$191M
| $3.98M | 0.01% |
396,540
-293,341
| -43% | -$3.19M |
|
1966
iShares China Large-Cap ETF
FXI
$4.2B
| $3.98M | 0.01% |
99,897
-208,577
| -68% | -$8.46M |
|
1967
SoundThinking
SSTI
$83.2M
| $3.97M | 0.01% |
172,598
+67,608
| +64% | +$2.19M |
|
|
DOOR
1968
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $3.96M | 0.01% |
68,214
-126,243
| -65% | -$6.7M |
|
1969
CALL
Martin Marietta Materials
MLM
$37.5B
| $3.95M | 0.01% |
+14,400
| New | +$3.56M |
|
1970
Wipro
WIT
$17.8B
| $3.93M | 0.01% |
2,155,124
+470,524
| +28% | +$923K |
|
1971
Zillow
ZG
$8.17B
| $3.93M | 0.01% |
133,038
-50,886
| -28% | -$2.02M |
|
1972
Southern Copper
SCCO
$183B
| $3.9M | 0.01% |
124,751
-57,992
| -32% | -$1.82M |
|
|
ECOL
1973
DELISTED
US Ecology, Inc.
ECOL
| $3.9M | 0.01% |
60,959
+43,722
| +254% | +$2.7M |
|
1974
Codexis
CDXS
$182M
| $3.89M | 0.01% |
283,898
+186,763
| +192% | +$2.94M |
|
1975
PUT
Keysight
KEYS
$55.5B
| $3.89M | 0.01% |
+40,000
| New | +$3.71M |
|
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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.