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 | |
|---|---|---|---|---|---|---|
|
VAPO
2026
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| $3.59M | 0.01% |
47,434
+45,968
| +3,136% | +$5.34M |
|
2027
PUT
Honeywell
HON
$69.9B
| $3.59M | 0.01% |
75,543
+14,854
| +24% | +$2.36M |
|
2028
Aflac
AFL
$58.4B
| $3.58M | 0.01% |
68,538
+4,691
| +7% | +$248K |
|
|
ARQL
2029
CALL
DELISTED
Arqule Inc
ARQL
| $3.58M | 0.01% |
+500,000
| New | +$4.7M |
|
2030
AGCO
AGCO
$7.77B
| $3.57M | 0.01% |
47,221
-32,033
| -40% | -$2.35M |
|
2031
Chemours
CC
$2.39B
| $3.57M | 0.01% |
239,232
-433,200
| -64% | -$7.05M |
|
2032
UFP Industries
UFPI
$4.71B
| $3.57M | 0.01% |
+89,523
| New | +$3.48M |
|
2033
CALL
NetEase
NTES
$78.6B
| $3.54M | 0.01% |
+66,500
| New | +$3.38M |
|
|
INVX
2034
Innovex International
INVX
$2.09B
| $3.54M | 0.01% |
70,467
+8,135
| +13% | +$397K |
|
|
DBD
2035
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.53M | 0.01% |
315,571
-496,928
| -61% | -$5.88M |
|
2036
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.7B
| $3.52M | 0.01% |
60,860
+14,978
| +33% | +$861K |
|
|
GTS
2037
DELISTED
Triple-S Management Corporation
GTS
| $3.52M | 0.01% |
263,002
+216,808
| +469% | +$4.63M |
|
2038
PUT
General Mills
GIS
$21.6B
| $3.52M | 0.01% |
63,900
+400
| +0.6% | +$21.6K |
|
2039
LiveRamp
RAMP
$2.3B
| $3.52M | 0.01% |
81,902
-184,637
| -69% | -$8.58M |
|
|
MITT
2040
TPG Mortgage Investment Trust
MITT
$212M
| $3.52M | 0.01% |
77,395
-53,647
| -41% | -$2.53M |
|
2041
Strategy Inc
MSTR
$54.6B
| $3.52M | 0.01% |
+236,960
| New | +$3.25M |
|
|
SAGE
2042
CALL
DELISTED
Sage Therapeutics
SAGE
| $3.51M | 0.01% |
+25,000
| New | +$4.18M |
|
|
HAYN
2043
DELISTED
Haynes International, Inc.
HAYN
| $3.5M | 0.01% |
97,685
-56,454
| -37% | -$1.79M |
|
2044
Beazer Homes USA
BZH
$886M
| $3.5M | 0.01% |
+234,654
| New | +$2.83M |
|
|
STEL
2045
DELISTED
Stellar Bancorp
STEL
| $3.48M | 0.01% |
125,017
-87,397
| -41% | -$2.49M |
|
|
SP
2046
DELISTED
SP Plus Corporation
SP
| $3.48M | 0.01% |
94,104
-123,110
| -57% | -$4.29M |
|
2047
Adtran
ADTN
$635M
| $3.47M | 0.01% |
305,790
-473,861
| -61% | -$5.63M |
|
2048
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.83B
| $3.46M | 0.01% |
+103,008
| New | +$3.39M |
|
2049
Globant
GLOB
$1.73B
| $3.45M | 0.01% |
37,724
+21,604
| +134% | +$2.15M |
|
|
MRO
2050
PUT
DELISTED
Marathon Oil Corporation
MRO
| $3.45M | 0.01% |
281,500
-73,500
| -21% | -$950K |
|
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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.