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 | |
|---|---|---|---|---|---|---|
|
XRN
2126
Chiron Real Estate Inc
XRN
$489M
| $3.08M | ﹤0.01% |
53,971
-14,329
| -21% | -$773K |
|
2127
Element Solutions
ESI
$8.27B
| $3.07M | ﹤0.01% |
301,802
+245,001
| +431% | +$2.41M |
|
2128
PUT
Conagra Brands
CAG
$7.68B
| $3.07M | ﹤0.01% |
+100,000
| New | +$2.88M |
|
2129
Realty Income
O
$58.6B
| $3.07M | ﹤0.01% |
41,289
-107,772
| -72% | -$7.56M |
|
|
PNNT
2130
Pennant Park Investment Corp
PNNT
$243M
| $3.06M | ﹤0.01% |
488,893
+287,847
| +143% | +$1.84M |
|
2131
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
| $3.06M | ﹤0.01% |
+37,792
| New | +$3.05M |
|
2132
Saia
SAIA
$9.36B
| $3.06M | ﹤0.01% |
+32,605
| New | +$2.59M |
|
|
LVOXU
2133
DELISTED
LiveVox Holding, Inc. Unit
LVOXU
| $3.04M | ﹤0.01% |
300,000
| – | – |
|
2134
Vermilion Energy
VET
$1.91B
| $3.04M | ﹤0.01% |
182,109
-43,773
| -19% | -$760K |
|
2135
Erie Indemnity
ERIE
$13.7B
| $3.04M | ﹤0.01% |
16,380
+13,642
| +498% | +$3.1M |
|
2136
CALL
Lennox International
LII
$13.5B
| $3.04M | ﹤0.01% |
+12,500
| New | +$3.22M |
|
2137
KT
KT
$9.29B
| $3.04M | ﹤0.01% |
268,509
-694,536
| -72% | -$8.02M |
|
|
ENV
2138
DELISTED
ENVESTNET, INC.
ENV
| $3.04M | ﹤0.01% |
53,535
-73,554
| -58% | -$4.64M |
|
|
HOME
2139
DELISTED
At Home Group Inc.
HOME
| $3.03M | ﹤0.01% |
315,229
-966,858
| -75% | -$6.6M |
|
|
NUAN
2140
DELISTED
Nuance Communications, Inc.
NUAN
| $3.03M | ﹤0.01% |
214,710
-114,315
| -35% | -$1.64M |
|
2141
PUT
HP
HPQ
$27.5B
| $3.02M | ﹤0.01% |
+159,700
| New | +$3.14M |
|
|
AVYA
2142
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $3.02M | ﹤0.01% |
295,153
+90,223
| +44% | +$1.06M |
|
2143
CALL
Mondelez International
MDLZ
$79.3B
| $3.01M | ﹤0.01% |
54,500
+200
| +0.4% | +$10.9K |
|
|
UMH
2144
UMH Properties
UMH
$1.41B
| $3.01M | ﹤0.01% |
214,055
-40,377
| -16% | -$523K |
|
2145
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.49B
| $3.01M | ﹤0.01% |
61,500
| – | – |
|
|
ESPR
2146
DELISTED
Esperion Therapeutics
ESPR
| $3M | ﹤0.01% |
81,987
-91,697
| -53% | -$3.63M |
|
|
FLOW
2147
DELISTED
SPX FLOW, Inc.
FLOW
| $2.99M | ﹤0.01% |
+75,886
| New | +$2.85M |
|
|
BID
2148
CALL
DELISTED
Sotheby's
BID
| $2.99M | ﹤0.01% |
+52,500
| New | +$3.04M |
|
2149
Cameco
CCJ
$43.6B
| $2.98M | ﹤0.01% |
314,176
+301,152
| +2,312% | +$2.83M |
|
2150
Aurinia Pharmaceuticals
AUPH
$2.18B
| $2.98M | ﹤0.01% |
558,459
+507,053
| +986% | +$3.07M |
|
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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.