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 | |
|---|---|---|---|---|---|---|
|
MNDT
2226
CALL
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $2.67M | ﹤0.01% |
+200,000
| New | +$2.84M |
|
2227
AMERISAFE
AMSF
$489M
| $2.66M | ﹤0.01% |
40,294
+26,061
| +183% | +$1.73M |
|
2228
PUT
Chubb
CB
$131B
| $2.66M | ﹤0.01% |
+16,500
| New | +$2.55M |
|
|
DHC
2229
Diversified Healthcare Trust
DHC
$1.89B
| $2.66M | ﹤0.01% |
+287,503
| New | +$2.48M |
|
2230
Cato Corp
CATO
$53.3M
| $2.66M | ﹤0.01% |
150,883
+107,912
| +251% | +$1.62M |
|
2231
Evolus
EOLS
$586M
| $2.66M | ﹤0.01% |
170,072
+15,271
| +10% | +$250K |
|
2232
Insulet
PODD
$10.1B
| $2.65M | ﹤0.01% |
16,077
-201,845
| -93% | -$28.4M |
|
2233
Equinor
EQNR
$97.7B
| $2.65M | ﹤0.01% |
139,760
-1,102,746
| -89% | -$20.3M |
|
2234
PUT
Charles River Laboratories
CRL
$13.9B
| $2.65M | ﹤0.01% |
+20,000
| New | +$2.68M |
|
|
NEBUU
2235
DELISTED
Nebula Acquisition Corporation Unit
NEBUU
| $2.65M | ﹤0.01% |
250,000
| – | – |
|
2236
Marriott Vacations Worldwide
VAC
$3.85B
| $2.65M | ﹤0.01% |
25,544
-102,247
| -80% | -$10.1M |
|
2237
Ericsson
ERIC
$32.9B
| $2.64M | ﹤0.01% |
330,952
-332,084
| -50% | -$2.83M |
|
|
MXIM
2238
DELISTED
Maxim Integrated Products
MXIM
| $2.64M | ﹤0.01% |
45,610
-342,117
| -88% | -$19.8M |
|
2239
Brady Corp
BRC
$4.43B
| $2.64M | ﹤0.01% |
49,751
+39,467
| +384% | +$1.99M |
|
|
ILPT
2240
Industrial Logistics Properties Trust
ILPT
$557M
| $2.63M | ﹤0.01% |
+123,729
| New | +$2.64M |
|
2241
iShares S&P 500 Value ETF
IVE
$50.2B
| $2.62M | ﹤0.01% |
22,011
+10,008
| +83% | +$1.17M |
|
2242
Trex
TREX
$4.63B
| $2.62M | ﹤0.01% |
57,688
-1,531,574
| -96% | -$61.8M |
|
2243
iShares MSCI Taiwan ETF
EWT
$11.8B
| $2.62M | ﹤0.01% |
72,083
-2,362,377
| -97% | -$83.3M |
|
|
DERM
2244
DELISTED
Dermira, Inc.
DERM
| $2.61M | ﹤0.01% |
409,129
-705,670
| -63% | -$5.89M |
|
2245
CryoPort
CYRX
$820M
| $2.61M | ﹤0.01% |
159,750
-128,752
| -45% | -$2.58M |
|
2246
TE Connectivity
TEL
$58.6B
| $2.61M | ﹤0.01% |
+28,011
| New | +$2.58M |
|
|
MDC
2247
DELISTED
M.D.C. Holdings, Inc.
MDC
| $2.6M | ﹤0.01% |
65,288
+19,088
| +41% | +$670K |
|
2248
Seaboard Corp
SEB
$3.74B
| $2.6M | ﹤0.01% |
595
-179
| -23% | -$731K |
|
|
SEGG
2249
Sports Entertainment Gaming Global Corp
SEGG
$8.83M
| $2.6M | ﹤0.01% |
179
| – | – |
|
|
NPTN
2250
DELISTED
NEOPHOTONICS CORP
NPTN
| $2.6M | ﹤0.01% |
426,261
-854,189
| -67% | -$4.8M |
|
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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.