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 | |
|---|---|---|---|---|---|---|
|
RDFN
2326
DELISTED
Redfin
RDFN
| $2.31M | ﹤0.01% |
137,163
+73,108
| +114% | +$1.29M |
|
|
FFIC
2327
DELISTED
Flushing Financial
FFIC
| $2.3M | ﹤0.01% |
113,885
+26,299
| +30% | +$537K |
|
2328
iShares US Transportation ETF
IYT
$2.26B
| $2.29M | ﹤0.01% |
49,292
-174,708
| -78% | -$8.15M |
|
2329
Ennis
EBF
$543M
| $2.29M | ﹤0.01% |
113,434
-50,524
| -31% | -$1.02M |
|
2330
Kopin
KOPN
$896M
| $2.29M | ﹤0.01% |
3,377,883
+1,758,107
| +109% | +$1.75M |
|
|
ARNA
2331
CALL
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $2.29M | ﹤0.01% |
50,000
-10,000
| -17% | -$562K |
|
2332
Steven Madden
SHOO
$3.27B
| $2.29M | ﹤0.01% |
63,904
+24,339
| +62% | +$804K |
|
2333
CALL
VeriSign
VRSN
$26.6B
| $2.28M | ﹤0.01% |
+12,100
| New | +$2.49M |
|
2334
Blackbaud
BLKB
$2.2B
| $2.27M | ﹤0.01% |
25,189
+22,212
| +746% | +$1.98M |
|
|
WW
2335
CALL
DELISTED
WW International
WW
| $2.27M | ﹤0.01% |
60,000
+25,000
| +71% | +$706K |
|
|
SF
2336
Stifel
SF
$12.2B
| $2.27M | ﹤0.01% |
88,924
-146,125
| -62% | -$3.67M |
|
|
JBGS
2337
JBG SMITH
JBGS
$709M
| $2.27M | ﹤0.01% |
57,772
-102,974
| -64% | -$4.02M |
|
|
AHT
2338
Ashford Hospitality Trust
AHT
$21.6M
| $2.26M | ﹤0.01% |
690
-6
| -0.9% | -$16.8K |
|
|
FSB
2339
DELISTED
Franklin Financial Network, Inc.
FSB
| $2.25M | ﹤0.01% |
74,565
+63,785
| +592% | +$1.85M |
|
2340
State Street SPDR S&P Dividend ETF
SDY
$22B
| $2.25M | ﹤0.01% |
21,942
+14,650
| +201% | +$1.48M |
|
2341
Interface
TILE
$2.19B
| $2.25M | ﹤0.01% |
155,603
+83,817
| +117% | +$1.1M |
|
|
VISN
2342
Vistance Networks Inc
VISN
$2.68B
| $2.25M | ﹤0.01% |
190,931
+144,300
| +309% | +$1.86M |
|
2343
Enerpac Tool Group
EPAC
$1.92B
| $2.24M | ﹤0.01% |
102,152
+85,349
| +508% | +$1.95M |
|
2344
Dr. Reddy's Laboratories
RDY
$10.1B
| $2.24M | ﹤0.01% |
+295,450
| New | +$2.2M |
|
|
GNFT
2345
DELISTED
Genfit
GNFT
| $2.23M | ﹤0.01% |
128,001
-7,343
| -5% | -$128K |
|
2346
PUT
Paychex
PAYX
$45B
| $2.23M | ﹤0.01% |
+26,900
| New | +$2.24M |
|
2347
CALL
T-Mobile US
TMUS
$191B
| $2.22M | ﹤0.01% |
28,200
-32,400
| -53% | -$2.54M |
|
|
NLSN
2348
DELISTED
Nielsen Holdings plc
NLSN
| $2.21M | ﹤0.01% |
103,908
-1,129,319
| -92% | -$24.9M |
|
2349
VanEck Semiconductor ETF
SMH
$67.9B
| $2.2M | ﹤0.01% |
36,998
+15,398
| +71% | +$891K |
|
2350
Modine Manufacturing
MOD
$9.9B
| $2.2M | ﹤0.01% |
193,606
+2,079
| +1% | +$24.7K |
|
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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.