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 | |
|---|---|---|---|---|---|---|
2301
J.M. Smucker
SJM
$14.1B
| $2.42M | ﹤0.01% |
21,986
-592,988
| -96% | -$66.1M |
|
2302
iShares Select Dividend ETF
DVY
$23.8B
| $2.41M | ﹤0.01% |
23,634
+9,544
| +68% | +$952K |
|
2303
CALL
National Vision
EYE
$1.41B
| $2.41M | ﹤0.01% |
100,000
-82,300
| -45% | -$2.4M |
|
2304
GeoPark
GPRK
$639M
| $2.41M | ﹤0.01% |
131,291
-46,372
| -26% | -$829K |
|
2305
Five Point Holdings
FPH
$366M
| $2.4M | ﹤0.01% |
320,760
-124,124
| -28% | -$917K |
|
2306
eGain
EGAN
$205M
| $2.4M | ﹤0.01% |
299,462
+281,237
| +1,543% | +$2.15M |
|
2307
X4 Pharmaceuticals
XFOR
$419M
| $2.4M | ﹤0.01% |
6,288
+1,233
| +24% | +$488K |
|
2308
PUT
Archer Daniels Midland
ADM
$38.1B
| $2.39M | ﹤0.01% |
+58,300
| New | +$2.32M |
|
2309
Howmet Aerospace
HWM
$107B
| $2.39M | ﹤0.01% |
120,096
-906,678
| -88% | -$17.9M |
|
2310
American Airlines Group
AAL
$9.08B
| $2.39M | ﹤0.01% |
88,760
+76,070
| +599% | +$2.23M |
|
2311
Franklin Covey
FC
$230M
| $2.39M | ﹤0.01% |
+68,206
| New | +$2.46M |
|
|
CBB
2312
DELISTED
Cincinnati Bell Inc.
CBB
| $2.37M | ﹤0.01% |
468,215
-264,065
| -36% | -$1.29M |
|
2313
Spire
SR
$4.88B
| $2.37M | ﹤0.01% |
+27,190
| New | +$2.29M |
|
2314
PUT
Axalta
AXTA
$7.85B
| $2.37M | ﹤0.01% |
+78,500
| New | +$2.32M |
|
2315
Hancock Whitney
HWC
$6.02B
| $2.35M | ﹤0.01% |
61,389
-456,904
| -88% | -$17.4M |
|
|
USFR
2316
DELISTED
WisdomTree Bloomberg Floating Rate Treasury Fund
USFR
| $2.35M | ﹤0.01% |
+93,803
| New | +$2.35M |
|
2317
Invesco S&P 500 Equal Weight ETF
RSP
$99.8B
| $2.35M | ﹤0.01% |
21,701
+13,300
| +158% | +$1.43M |
|
2318
Medifast
MED
$136M
| $2.34M | ﹤0.01% |
22,599
-93,660
| -81% | -$10.1M |
|
2319
Morningstar
MORN
$8.21B
| $2.34M | ﹤0.01% |
16,013
-20,664
| -56% | -$3.18M |
|
2320
8x8 Inc
EGHT
$290M
| $2.33M | ﹤0.01% |
+112,686
| New | +$2.73M |
|
2321
Global Industrial
GIC
$1.51B
| $2.33M | ﹤0.01% |
105,988
+1,798
| +2% | +$37.5K |
|
2322
Digital Turbine
APPS
$1.38B
| $2.33M | ﹤0.01% |
360,849
+344,545
| +2,113% | +$2.14M |
|
2323
Boeing
BA
$166B
| $2.32M | ﹤0.01% |
6,101
-5,967
| -49% | -$2.13M |
|
2324
Allient
ALNT
$1.63B
| $2.31M | ﹤0.01% |
98,294
-11,275
| -10% | -$275K |
|
|
EXK
2325
Endeavour Silver
EXK
$3.35B
| $2.31M | ﹤0.01% |
1,042,298
+665,019
| +176% | +$1.61M |
|
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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.