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 | Healthcare | 11.62% |
| 2 | Financials | 10.42% |
| 3 | Technology | 9.63% |
| 4 | Consumer Discretionary | 8.71% |
| 5 | Industrials | 8.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$486B
| $664M | 1.05% |
3,519,400
+164,700
| +5% | +$31.2M |
|
2
PUT
Apple
AAPL
$4.51T
| $642M | 1.02% |
11,473,200
+868,400
| +8% | +$45.4M |
|
3
PUT
Amazon
AMZN
$2.79T
| $544M | 0.86% |
6,264,000
+516,000
| +9% | +$47.8M |
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $429M | 0.68% |
1,446,700
-86,000
| -6% | -$25.4M |
|
5
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $422M | 0.67% |
6,918,000
+1,660,000
| +32% | +$98.3M |
|
|
CELG
6
DELISTED
Celgene Corp
CELG
| $414M | 0.65% |
4,169,794
+526,102
| +14% | +$50M |
|
|
AGN
7
DELISTED
Allergan plc
AGN
| $411M | 0.65% |
2,442,736
+233,215
| +11% | +$38M |
|
|
8
Apple
AAPL
$4.51T
| $365M | 0.58% |
6,516,148
+704,264
| +12% | +$36.8M |
|
9
PUT
Microsoft
MSFT
$3.59T
| $360M | 0.57% |
2,586,500
-747,600
| -22% | -$103M |
|
|
10
Lowe's Companies
LOW
$121B
| $333M | 0.53% |
3,025,801
+1,802,264
| +147% | +$190M |
|
|
11
L3Harris
LHX
$49.7B
| $288M | 0.45% |
+1,378,220
| New | +$282M |
|
|
12
CALL
Apple
AAPL
$4.51T
| $275M | 0.43% |
4,910,400
+1,087,200
| +28% | +$56.8M |
|
|
13
Ameren
AEE
$29.4B
| $270M | 0.43% |
3,369,083
+3,114,736
| +1,225% | +$239M |
|
14
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $266M | 0.42% |
4,415,800
+2,309,000
| +110% | +$139M |
|
15
Marathon Petroleum
MPC
$101B
| $266M | 0.42% |
4,380,729
-2,049,701
| -32% | -$108M |
|
|
16
Las Vegas Sands
LVS
$30.5B
| $265M | 0.42% |
4,581,351
+2,806,547
| +158% | +$164M |
|
17
PUT
Meta Platforms (Facebook)
META
$1.4T
| $261M | 0.41% |
1,466,500
+493,500
| +51% | +$93.8M |
|
18
Bank of America
BAC
$431B
| $254M | 0.4% |
8,696,884
+2,076,340
| +31% | +$59.7M |
|
|
AABA
19
DELISTED
Altaba Inc
AABA
| $249M | 0.39% |
12,786,404
+1,004,071
| +9% | +$66.4M |
|
|
20
Restaurant Brands International
QSR
$28.2B
| $249M | 0.39% |
3,496,964
+2,604,176
| +292% | +$192M |
|
|
21
CALL
Microsoft
MSFT
$3.59T
| $241M | 0.38% |
1,736,300
+334,000
| +24% | +$45.9M |
|
22
CALL
Alibaba
BABA
$286B
| $238M | 0.38% |
1,425,500
+1,364,700
| +2,245% | +$235M |
|
23
Entergy
ETR
$48.8B
| $231M | 0.36% |
3,930,188
+729,526
| +23% | +$39.9M |
|
24
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $221M | 0.35% |
5,404,500
+1,090,000
| +25% | +$45M |
|
|
25
Meta Platforms (Facebook)
META
$1.4T
| $218M | 0.34% |
1,222,069
+394,804
| +48% | +$75M |
|
Similar funds
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's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 13% a quarter earlier, followed by Financials and Technology.
- 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.