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 | |
|---|---|---|---|---|---|---|
2001
PUT
Universal Health Services
UHS
$10.2B
| $3.72M | 0.01% |
+25,000
| New | +$3.59M |
|
2002
Vanguard FTSE Europe ETF
VGK
$31B
| $3.72M | 0.01% |
69,355
+2,931
| +4% | +$157K |
|
|
ORBC
2003
DELISTED
ORBCOMM, Inc.
ORBC
| $3.72M | 0.01% |
781,229
+609,621
| +355% | +$3.64M |
|
|
SPNS
2004
DELISTED
Sapiens International
SPNS
| $3.71M | 0.01% |
189,078
+25,982
| +16% | +$454K |
|
2005
Xerox
XRX
$390M
| $3.71M | 0.01% |
124,122
-226,829
| -65% | -$7.11M |
|
2006
STAG Industrial
STAG
$7.15B
| $3.68M | 0.01% |
+124,831
| New | +$3.7M |
|
2007
Lexicon Pharmaceuticals
LXRX
$1.03B
| $3.67M | 0.01% |
1,220,629
+1,184,819
| +3,309% | +$3.67M |
|
2008
Diageo
DEO
$51.2B
| $3.67M | 0.01% |
+22,453
| New | +$3.76M |
|
2009
Repay Holdings
RPAY
$313M
| $3.67M | 0.01% |
+275,306
| New | +$3.35M |
|
|
SPLK
2010
PUT
DELISTED
Splunk Inc
SPLK
| $3.67M | 0.01% |
31,100
| – | – |
|
2011
PUT
Royal Caribbean
RCL
$76.2B
| $3.66M | 0.01% |
33,800
-9,400
| -22% | -$1.03M |
|
2012
Rapid7
RPD
$910M
| $3.66M | 0.01% |
80,579
-50,586
| -39% | -$2.84M |
|
|
CLR
2013
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $3.65M | 0.01% |
118,579
-1,705,113
| -93% | -$57.6M |
|
|
DNKN
2014
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $3.65M | 0.01% |
45,986
-26,070
| -36% | -$2.12M |
|
2015
SL Green Realty
SLG
$4.1B
| $3.63M | 0.01% |
45,939
-193,107
| -81% | -$15M |
|
|
CSOD
2016
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $3.63M | 0.01% |
66,139
+57,952
| +708% | +$3.25M |
|
2017
iShares National Muni Bond ETF
MUB
$45.5B
| $3.62M | 0.01% |
31,763
+10,686
| +51% | +$1.22M |
|
|
XEC
2018
CALL
DELISTED
CIMAREX ENERGY CO
XEC
| $3.62M | 0.01% |
75,500
+900
| +1% | +$42.6K |
|
2019
Arcos Dorados Holdings
ARCO
$1.67B
| $3.61M | 0.01% |
552,509
+534,970
| +3,050% | +$3.8M |
|
2020
CALL
Steris
STE
$22.7B
| $3.61M | 0.01% |
+25,000
| New | +$3.74M |
|
2021
Endava
DAVA
$174M
| $3.61M | 0.01% |
95,338
+29,890
| +46% | +$1.14M |
|
2022
PUT
Eaton
ETN
$162B
| $3.61M | 0.01% |
43,400
-19,200
| -31% | -$1.56M |
|
2023
Live Oak Bancshares
LOB
$1.85B
| $3.6M | 0.01% |
199,065
+186,964
| +1,545% | +$3.37M |
|
2024
RELX
RELX
$63.2B
| $3.6M | 0.01% |
151,861
+98,801
| +186% | +$2.36M |
|
2025
American Public Education
APEI
$844M
| $3.6M | 0.01% |
161,174
+12,223
| +8% | +$336K |
|
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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.