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 |
Procter & Gamble
PG
|
+$6.23B |
| 2 |
Coty
COTY
|
+$1.43B |
| 3 |
Microsoft
MSFT
|
+$237M |
| 4 |
GXP
Great Plains Energy Incorporated
GXP
|
+$199M |
| 5 |
eBay
EBAY
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$266M |
| 2 |
NextEra Energy
NEE
|
+$198M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$179M |
| 4 |
Exelon
EXC
|
+$150M |
| 5 |
Salesforce
CRM
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 17.22% |
| 2 | Healthcare | 10.7% |
| 3 | Energy | 9.08% |
| 4 | Technology | 8.88% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ESND
2476
DELISTED
Essendant Inc.
ESND
| $634K | ﹤0.01% |
30,920
-6,276
| -17% | -$138K |
|
2477
Invesco BuyBack Achievers ETF
PKW
$1.79B
| $633K | ﹤0.01% |
13,347
+6,571
| +97% | +$309K |
|
|
MOBL
2478
DELISTED
MobileIron, Inc.
MOBL
| $632K | ﹤0.01% |
229,718
+122,692
| +115% | +$379K |
|
2479
Curtiss-Wright
CW
$22.9B
| $631K | ﹤0.01% |
+6,924
| New | +$609K |
|
|
HCOM
2480
DELISTED
Hawaiian Telcom Holdco, Inc
HCOM
| $630K | ﹤0.01% |
28,124
+12,614
| +81% | +$283K |
|
2481
TAL Education Group
TAL
$6.51B
| $629K | ﹤0.01% |
+53,298
| New | +$562K |
|
|
BHR
2482
Braemar Hotels & Resorts
BHR
$141M
| $627K | ﹤0.01% |
+44,880
| New | +$667K |
|
2483
GoPro
GPRO
$109M
| $627K | ﹤0.01% |
37,619
+23,914
| +174% | +$328K |
|
2484
Rogers Communications
RCI
$20B
| $627K | ﹤0.01% |
+14,784
| New | +$634K |
|
|
DFRG
2485
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $627K | ﹤0.01% |
46,573
-190,787
| -80% | -$2.83M |
|
2486
Petrobras
PBR
$115B
| $624K | ﹤0.01% |
+66,898
| New | +$587K |
|
|
SGY
2487
DELISTED
Stone Energy
SGY
| $623K | ﹤0.01% |
9,228
-4,174
| -31% | -$300K |
|
2488
Fidus Investment
FDUS
$748M
| $621K | ﹤0.01% |
39,456
+11,093
| +39% | +$175K |
|
|
BBOX
2489
DELISTED
Black Box Corp
BBOX
| $621K | ﹤0.01% |
44,646
-20,726
| -32% | -$287K |
|
2490
Tetra Tech
TTEK
$9.38B
| $618K | ﹤0.01% |
+87,105
| New | +$590K |
|
|
VVUS
2491
DELISTED
Vivus Inc
VVUS
| $616K | ﹤0.01% |
54,065
-9,355
| -15% | -$103K |
|
|
OKSB
2492
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $616K | ﹤0.01% |
+32,439
| New | +$611K |
|
|
CHU
2493
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $615K | ﹤0.01% |
50,516
-289,900
| -85% | -$3.22M |
|
2494
Global X Silver Miners ETF NEW
SIL
$5.48B
| $614K | ﹤0.01% |
13,811
-12,448
| -47% | -$600K |
|
2495
Citi Trends
CTRN
$575M
| $613K | ﹤0.01% |
30,773
-28,138
| -48% | -$514K |
|
2496
Community Trust Bancorp
CTBI
$1.38B
| $612K | ﹤0.01% |
16,479
-50,485
| -75% | -$1.82M |
|
2497
Motorcar Parts of America
MPAA
$218M
| $612K | ﹤0.01% |
21,278
-232,218
| -92% | -$6.53M |
|
2498
CALL
Tesla
TSLA
$1.36T
| $612K | ﹤0.01% |
+45,000
| New | +$650K |
|
2499
PUT
CNX Resources
CNX
$5.35B
| $611K | ﹤0.01% |
38,160
-600,000
| -94% | -$8.86M |
|
|
DX
2500
Dynex Capital
DX
$3.2B
| $611K | ﹤0.01% |
27,470
-7,540
| -22% | -$162K |
|
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Israel Englander's Q3 2016 Portfolio in Review
As of Q3 2016, Israel Englander held 3,956 positions worth $59.6B, up 37% from $43.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Israel Englander deployed $13.4B of net new capital in Q3 2016, opening 826 new positions and adding to 1,153 existing holdings. Its largest new stake was Edison International: 1,171,827 shares worth $84.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 17% of assets, up from 6.3% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was NextEra Energy, an estimated $198M trimmed.
- Israel Englander's largest Q3 2016 buy was Edison International: 1,171,827 shares worth $84.7M.
- Israel Englander added most to Procter & Gamble in Q3 2016, an estimated $6.23B increase.
- Israel Englander's biggest Q3 2016 reduction was NextEra Energy, cutting an estimated $198M.
- Israel Englander fully exited Charter Communications in Q3 2016, selling an estimated $266M.
- Israel Englander's ten largest holdings make up 24% of its $59.6B portfolio in Q3 2016.
- Israel Englander opened 826 new positions and closed 723 in Q3 2016.
- Israel Englander's portfolio value rose 37% quarter-over-quarter to $59.6B.
Based on Millennium Management's 13F filing for Q3 2016, filed 14 Nov 2016.