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 | |
|---|---|---|---|---|---|---|
2076
Forward Air
FWRD
$598M
| $3.34M | 0.01% |
52,443
+26,733
| +104% | +$1.64M |
|
2077
Deluxe
DLX
$1.08B
| $3.34M | 0.01% |
67,959
-290,871
| -81% | -$13M |
|
|
DHR.PRA
2078
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
| $3.31M | 0.01% |
2,916
-305
| -9% | -$345K |
|
2079
Allison Transmission
ALSN
$10.7B
| $3.31M | 0.01% |
70,376
-825,084
| -92% | -$37.4M |
|
2080
Ionis Pharmaceuticals
IONS
$10.4B
| $3.31M | 0.01% |
55,205
-135,739
| -71% | -$8.85M |
|
2081
CALL
Cardinal Health
CAH
$54.7B
| $3.3M | 0.01% |
70,000
+60,000
| +600% | +$2.74M |
|
2082
CALL
Crown Holdings
CCK
$12.8B
| $3.3M | 0.01% |
+50,000
| New | +$3.2M |
|
2083
PUT
Genworth Financial
GNW
$3.75B
| $3.3M | 0.01% |
+750,000
| New | +$3.13M |
|
2084
Worthington Enterprises
WOR
$2.83B
| $3.3M | 0.01% |
+148,465
| New | +$3.44M |
|
|
ABTX
2085
DELISTED
Allegiance Bancshares
ABTX
| $3.29M | 0.01% |
102,700
-122,174
| -54% | -$4.04M |
|
|
ZUO
2086
DELISTED
Zuora, Inc.
ZUO
| $3.29M | 0.01% |
+218,460
| New | +$3.29M |
|
|
ARYAU
2087
DELISTED
ARYA Sciences Acquisiton Corp. Unit
ARYAU
| $3.28M | 0.01% |
300,000
| – | – |
|
2088
Granite Construction
GVA
$5.54B
| $3.28M | 0.01% |
102,126
-10,778
| -10% | -$374K |
|
2089
CALL
Altria Group
MO
$113B
| $3.27M | 0.01% |
+80,000
| New | +$3.68M |
|
2090
MeiraGTx Holdings
MGTX
$1.36B
| $3.27M | 0.01% |
204,966
+156,198
| +320% | +$3.64M |
|
|
PENG
2091
Penguin Solutions Inc
PENG
$2.69B
| $3.27M | 0.01% |
256,282
+237,170
| +1,241% | +$3.44M |
|
2092
Hawaiian Electric Industries
HE
$1.98B
| $3.25M | 0.01% |
71,245
-22,076
| -24% | -$982K |
|
2093
PUT
Centene
CNC
$32.3B
| $3.24M | 0.01% |
+75,000
| New | +$3.65M |
|
|
PTLA
2094
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $3.24M | 0.01% |
120,787
+108,849
| +912% | +$3.06M |
|
2095
Chemed
CHE
$6.8B
| $3.22M | 0.01% |
7,716
+2,716
| +54% | +$1.11M |
|
2096
Rio Tinto
RIO
$170B
| $3.21M | 0.01% |
61,664
-478,023
| -89% | -$25.9M |
|
2097
CALL
PPG Industries
PPG
$25.2B
| $3.21M | 0.01% |
+27,100
| New | +$3.12M |
|
2098
Lincoln Electric
LECO
$15.8B
| $3.21M | 0.01% |
36,997
-90,902
| -71% | -$7.65M |
|
2099
Haverty Furniture Companies
HVT
$427M
| $3.2M | 0.01% |
158,038
+113,006
| +251% | +$2.13M |
|
2100
HealthStream
HSTM
$843M
| $3.2M | 0.01% |
123,550
+78,540
| +174% | +$2.11M |
|
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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.