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 | |
|---|---|---|---|---|---|---|
2451
Columbia Banking Systems
COLB
$8.68B
| $1.9M | ﹤0.01% |
51,376
-168,642
| -77% | -$6.02M |
|
2452
WD-40
WDFC
$2.94B
| $1.89M | ﹤0.01% |
10,321
+1,728
| +20% | +$311K |
|
|
SC
2453
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $1.89M | ﹤0.01% |
74,267
-331,884
| -82% | -$8.65M |
|
2454
Pearson
PSO
$10B
| $1.89M | ﹤0.01% |
+209,341
| New | +$2.17M |
|
2455
CVR Energy
CVI
$4B
| $1.89M | ﹤0.01% |
42,968
-450,953
| -91% | -$21M |
|
|
MAXR
2456
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $1.89M | ﹤0.01% |
248,376
-1,558,166
| -86% | -$12.4M |
|
2457
Nokia
NOK
$59.3B
| $1.89M | ﹤0.01% |
372,656
-3,098,734
| -89% | -$16M |
|
2458
Gates Industrial Corp
GTES
$6.68B
| $1.88M | ﹤0.01% |
186,497
-151,086
| -45% | -$1.48M |
|
2459
PUT
Cenovus Energy
CVE
$58.5B
| $1.88M | ﹤0.01% |
+200,000
| New | +$1.82M |
|
2460
Omnicom Group
OMC
$24.1B
| $1.87M | ﹤0.01% |
+23,901
| New | +$1.9M |
|
2461
Ligand Pharmaceuticals
LGND
$5.67B
| $1.87M | ﹤0.01% |
30,114
-3,749
| -11% | -$235K |
|
2462
Penske Automotive Group
PAG
$14.3B
| $1.86M | ﹤0.01% |
39,315
+23,178
| +144% | +$1.05M |
|
2463
Victory Capital Holdings
VCTR
$7.45B
| $1.86M | ﹤0.01% |
120,815
+100,793
| +503% | +$1.72M |
|
|
S
2464
PUT
DELISTED
Sprint Corporation
S
| $1.85M | ﹤0.01% |
+300,000
| New | +$2.06M |
|
|
MOR
2465
DELISTED
MorphoSys AG American Depositary Shares
MOR
| $1.85M | ﹤0.01% |
67,366
-19,412
| -22% | -$556K |
|
|
WMC
2466
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $1.85M | ﹤0.01% |
19,167
-19,222
| -50% | -$1.9M |
|
|
NESR
2467
National Energy Services Reunited Corp
NESR
$3.53B
| $1.85M | ﹤0.01% |
+276,710
| New | +$2.15M |
|
|
MSC
2468
Studio City International Holdings
MSC
$341M
| $1.84M | ﹤0.01% |
91,543
-3,333
| -4% | -$66.2K |
|
2469
CALL
Capital One
COF
$133B
| $1.84M | ﹤0.01% |
+20,200
| New | +$1.82M |
|
2470
Paycom
PAYC
$10.7B
| $1.83M | ﹤0.01% |
8,750
-36,369
| -81% | -$8.5M |
|
|
VRE
2471
DELISTED
Veris Residential
VRE
| $1.83M | ﹤0.01% |
84,406
+63,444
| +303% | +$1.41M |
|
|
ASNA
2472
DELISTED
Ascena Retail Group, Inc.
ASNA
| $1.83M | ﹤0.01% |
346,070
+331,088
| +2,210% | +$2.47M |
|
2473
WaFd
WAFD
$2.68B
| $1.83M | ﹤0.01% |
49,383
+29,145
| +144% | +$1.04M |
|
2474
Marcus Corp
MCS
$905M
| $1.82M | ﹤0.01% |
49,319
-102,689
| -68% | -$3.54M |
|
|
HMLP
2475
DELISTED
HOEGH LNG PARTNERS LP
HMLP
| $1.82M | ﹤0.01% |
+117,930
| New | +$1.94M |
|
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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.