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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MIC
226
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $51.2M | 0.11% |
705,718
+185,690
| +36% | +$13.9M |
|
227
J.M. Smucker
SJM
$13.3B
| $51.1M | 0.11% |
414,474
-227,967
| -35% | -$27.2M |
|
|
ITCI
228
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $51M | 0.11% |
948,684
+453,872
| +92% | +$22.9M |
|
229
Strategy Inc
MSTR
$47.4B
| $51M | 0.11% |
2,842,610
+786,570
| +38% | +$14.3M |
|
|
BERY
230
DELISTED
Berry Global Group, Inc.
BERY
| $51M | 0.11% |
1,533,953
+1,464,489
| +2,108% | +$46.5M |
|
231
American Tower
AMT
$81.9B
| $51M | 0.11% |
+525,574
| New | +$51.2M |
|
|
ZAYO
232
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $50.6M | 0.11% |
+1,903,761
| New | +$48.3M |
|
233
Welltower
WELL
$172B
| $50.6M | 0.11% |
744,039
+323,141
| +77% | +$21.1M |
|
234
Armstrong World Industries
AWI
$7.55B
| $50.6M | 0.11% |
1,106,151
+817,936
| +284% | +$39.8M |
|
|
BEAV
235
DELISTED
B/E Aerospace Inc
BEAV
| $50.6M | 0.11% |
1,193,242
-352,540
| -23% | -$15.8M |
|
236
General Motors
GM
$77.2B
| $50.5M | 0.11% |
+1,484,009
| New | +$51.6M |
|
237
Cenovus Energy
CVE
$60.7B
| $50.3M | 0.11% |
3,987,708
+3,632,364
| +1,022% | +$53.6M |
|
238
Targa Resources
TRGP
$64.1B
| $50.2M | 0.11% |
1,855,058
+1,519,794
| +453% | +$67.4M |
|
239
CDW
CDW
$17.2B
| $50M | 0.11% |
1,188,496
+297,877
| +33% | +$13M |
|
240
Nokia
NOK
$57B
| $49.9M | 0.1% |
7,107,782
-1,667,339
| -19% | -$11.9M |
|
|
ESRX
241
DELISTED
Express Scripts Holding Company
ESRX
| $49.8M | 0.1% |
569,860
+78,351
| +16% | +$6.71M |
|
|
TYC
242
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $49.8M | 0.1% |
1,491,366
+509,397
| +52% | +$18.6M |
|
243
Edwards Lifesciences
EW
$51.8B
| $49.6M | 0.1% |
1,883,433
-5,191,227
| -73% | -$135M |
|
244
Starbucks
SBUX
$122B
| $49.4M | 0.1% |
+823,149
| New | +$50.1M |
|
|
ARRS
245
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $49.4M | 0.1% |
1,615,641
+1,120,945
| +227% | +$32.9M |
|
246
VF Corp
VFC
$5.65B
| $49.2M | 0.1% |
840,014
-484,855
| -37% | -$30.3M |
|
247
eBay
EBAY
$46.3B
| $49.1M | 0.1% |
1,788,076
-529,707
| -23% | -$14.6M |
|
248
Camden Property Trust
CPT
$10.8B
| $49.1M | 0.1% |
640,040
-379,192
| -37% | -$28.9M |
|
|
VMRK
249
Vivmark Residential
VMRK
$25B
| $49.1M | 0.1% |
601,536
-606,201
| -50% | -$47.8M |
|
250
Regal Rexnord
RRX
$11.1B
| $48.9M | 0.1% |
836,172
+26,631
| +3% | +$1.63M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.