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 |
ConocoPhillips
COP
|
+$164M |
| 2 |
PepsiCo
PEP
|
+$159M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$154M |
| 4 |
AT&T
T
|
+$145M |
| 5 |
Fidelity National Information Services
FIS
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$250M |
| 2 |
PPL
PPL Corp
PPL
|
+$240M |
| 3 |
Occidental Petroleum
OXY
|
+$222M |
| 4 |
Lowe's Companies
LOW
|
+$180M |
| 5 |
American Electric Power
AEP
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.84% |
| 2 | Energy | 10.39% |
| 3 | Technology | 9.45% |
| 4 | Consumer Discretionary | 8.96% |
| 5 | Financials | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $41.5M | 0.1% |
202,000
-75,475
| -27% | -$14.7M |
|
227
Associated Banc-Corp
ASB
$5.82B
| $41.3M | 0.1% |
2,303,493
-1,107,103
| -32% | -$19.4M |
|
228
Wintrust Financial
WTFC
$10.3B
| $41.1M | 0.1% |
927,801
+346,702
| +60% | +$14.9M |
|
229
Palo Alto Networks
PANW
$292B
| $41.1M | 0.1% |
1,509,780
-1,381,710
| -48% | -$34M |
|
230
SM Energy
SM
$8.85B
| $40.8M | 0.1% |
2,174,879
+787,110
| +57% | +$10.9M |
|
231
Walt Disney
DIS
$186B
| $40.6M | 0.1% |
409,192
+131,604
| +47% | +$12.7M |
|
232
Chevron
CVX
$403B
| $40.1M | 0.1% |
+420,169
| New | +$36.8M |
|
233
Macerich
MAC
$6.91B
| $40M | 0.1% |
+504,559
| New | +$39.5M |
|
234
Transocean
RIG
$6.61B
| $40M | 0.1% |
4,373,503
+2,821,569
| +182% | +$28.1M |
|
235
First Solar
FSLR
$23B
| $40M | 0.1% |
583,663
+513,993
| +738% | +$34.5M |
|
|
IOC
236
DELISTED
Interoil Corporation
IOC
| $39.8M | 0.1% |
1,250,581
-488,802
| -28% | -$13.8M |
|
237
Celanese
CE
$5.14B
| $39.8M | 0.1% |
607,219
-445,646
| -42% | -$27.6M |
|
|
PRAH
238
DELISTED
PRA Health Sciences, Inc.
PRAH
| $39.4M | 0.1% |
921,871
+667,571
| +263% | +$28.2M |
|
239
Welltower
WELL
$172B
| $39.1M | 0.1% |
563,401
-180,638
| -24% | -$11.6M |
|
|
ENH
240
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $39M | 0.1% |
596,761
+553,589
| +1,282% | +$34.6M |
|
|
MRD
241
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $38.9M | 0.1% |
3,825,803
+523,355
| +16% | +$6.19M |
|
|
JCP
242
DELISTED
J.C. Penney Company, Inc.
JCP
| $38.9M | 0.1% |
+3,515,986
| New | +$30.8M |
|
243
Empire State Realty Trust
ESRT
$834M
| $38.8M | 0.1% |
2,213,008
+235,662
| +12% | +$3.89M |
|
244
BP
BP
$115B
| $38.5M | 0.1% |
1,514,942
-72,710
| -5% | -$1.83M |
|
|
ICPT
245
PUT
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $38.2M | 0.1% |
+297,400
| New | +$35.1M |
|
|
UCB
246
United Community Banks
UCB
$4.29B
| $38.1M | 0.1% |
2,063,664
-37,559
| -2% | -$666K |
|
|
IBKC
247
DELISTED
IBERIABANK Corp
IBKC
| $38.1M | 0.1% |
743,059
-60,732
| -8% | -$2.98M |
|
|
EDR
248
DELISTED
Education Realty Trust Inc
EDR
| $38M | 0.1% |
914,555
+801,725
| +711% | +$31.3M |
|
249
Citigroup
C
$221B
| $37.9M | 0.09% |
908,226
-1,958,415
| -68% | -$81.8M |
|
|
GRA
250
DELISTED
W.R. Grace & Co.
GRA
| $37.7M | 0.09% |
529,747
+281,613
| +113% | +$21.5M |
|
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Israel Englander's Q1 2016 Portfolio in Review
As of Q1 2016, Israel Englander held 4,057 positions worth $40B, down 16% from $47.6B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander withdrew a net $6.85B in Q1 2016, closing 847 positions and reducing 1,408 holdings. Its most notable exit was Walmart Inc, an estimated $142M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Energy and Technology.
Against the trend, Israel Englander opened a new position in ConocoPhillips worth $174M.
- Israel Englander's largest Q1 2016 buy was ConocoPhillips: 4,324,124 shares worth $174M.
- Israel Englander added most to PepsiCo in Q1 2016, an estimated $159M increase.
- Israel Englander's biggest Q1 2016 reduction was NextEra Energy, cutting an estimated $250M.
- Israel Englander fully exited Walmart Inc in Q1 2016, selling an estimated $142M.
- Israel Englander's ten largest holdings make up 11% of its $40B portfolio in Q1 2016.
- Israel Englander opened 691 new positions and closed 847 in Q1 2016.
- Israel Englander's portfolio value fell 16% quarter-over-quarter to $40B.
Based on Millennium Management's 13F filing for Q1 2016, filed 16 May 2016.