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 | |
|---|---|---|---|---|---|---|
|
HOME
1976
CALL
DELISTED
At Home Group Inc.
HOME
| $3.87M | 0.01% |
402,500
| – | – |
|
1977
CALL
Cummins
CMI
$79B
| $3.85M | 0.01% |
23,700
+21,400
| +930% | +$3.42M |
|
|
ARNA
1978
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $3.85M | 0.01% |
84,160
+16,565
| +25% | +$931K |
|
1979
Teladoc Health
TDOC
$1.16B
| $3.85M | 0.01% |
56,857
+12,278
| +28% | +$808K |
|
|
AZRE
1980
DELISTED
Azure Power Global Limited
AZRE
| $3.85M | 0.01% |
320,889
-11,067
| -3% | -$120K |
|
1981
ADMA Biologics
ADMA
$2.12B
| $3.84M | 0.01% |
862,519
+743,506
| +625% | +$3.11M |
|
|
DISCK
1982
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $3.83M | 0.01% |
155,618
-7,054
| -4% | -$191K |
|
1983
PUT
Freeport-McMoran
FCX
$113B
| $3.83M | 0.01% |
400,000
-489,900
| -55% | -$5.03M |
|
1984
CALL
MacroGenics
MGNX
$260M
| $3.83M | 0.01% |
+300,000
| New | +$4.32M |
|
|
FRGI
1985
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $3.81M | 0.01% |
365,786
-77,053
| -17% | -$805K |
|
|
FIT
1986
CALL
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $3.81M | 0.01% |
1,000,000
-200,000
| -17% | -$744K |
|
1987
Horace Mann Educators
HMN
$2.07B
| $3.81M | 0.01% |
82,194
+75,156
| +1,068% | +$3.29M |
|
1988
Urban Edge Properties
UE
$2.69B
| $3.8M | 0.01% |
192,229
-16,590
| -8% | -$295K |
|
1989
Murphy Oil
MUR
$5.15B
| $3.8M | 0.01% |
172,046
+16,637
| +11% | +$358K |
|
1990
CALL
Tyson Foods
TSN
$19.5B
| $3.79M | 0.01% |
+44,000
| New | +$3.74M |
|
1991
Dow Inc
DOW
$21.9B
| $3.78M | 0.01% |
+79,274
| New | +$3.71M |
|
1992
Skywest
SKYW
$3.84B
| $3.77M | 0.01% |
65,762
-68,020
| -51% | -$3.99M |
|
|
PPBI
1993
DELISTED
Pacific Premier Bancorp
PPBI
| $3.76M | 0.01% |
120,640
-467,396
| -79% | -$14.2M |
|
1994
Moog Inc Class A
MOG.A
$12.1B
| $3.76M | 0.01% |
46,375
-158,951
| -77% | -$13.5M |
|
1995
Genuine Parts
GPC
$18.8B
| $3.76M | 0.01% |
37,745
-515,472
| -93% | -$49.5M |
|
1996
PUT
Oneok
OKE
$59.7B
| $3.75M | 0.01% |
50,900
-35,500
| -41% | -$2.51M |
|
1997
Zumiez
ZUMZ
$298M
| $3.73M | 0.01% |
117,810
+26,528
| +29% | +$699K |
|
1998
Exponent
EXPO
$3.38B
| $3.73M | 0.01% |
+53,335
| New | +$3.6M |
|
1999
Weis Markets
WMK
$1.74B
| $3.72M | 0.01% |
97,616
+80,029
| +455% | +$3.04M |
|
|
TEN
2000
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $3.72M | 0.01% |
297,221
-500,511
| -63% | -$5.1M |
|
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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.