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 | |
|---|---|---|---|---|---|---|
2501
CALL
Dillards
DDS
$9.95B
| $657K | ﹤0.01% |
+10,000
| New | +$805K |
|
|
SYNT
2502
DELISTED
Syntel Inc
SYNT
| $655K | ﹤0.01% |
14,469
-17,066
| -54% | -$797K |
|
2503
iShares MSCI USA Min Vol Factor ETF
USMV
$24.3B
| $651K | ﹤0.01% |
+15,562
| New | +$648K |
|
2504
OFG Bancorp
OFG
$2.2B
| $649K | ﹤0.01% |
+88,633
| New | +$761K |
|
|
2505
SLB Ltd
SLB
$79.1B
| $649K | ﹤0.01% |
9,300
-4,165,891
| -100% | -$312M |
|
2506
Larimar Therapeutics
LRMR
$432M
| $648K | ﹤0.01% |
+8,591
| New | +$1.38M |
|
|
SAND
2507
DELISTED
Sandstorm Gold
SAND
| $645K | ﹤0.01% |
245,357
-754,933
| -75% | -$2.07M |
|
|
TGH
2508
DELISTED
Textainer Group Holdings limited
TGH
| $645K | ﹤0.01% |
+45,708
| New | +$740K |
|
|
GSIG
2509
DELISTED
GSI GROUP INC COM STK (CDA)
GSIG
| $645K | ﹤0.01% |
47,357
-24,864
| -34% | -$341K |
|
2510
iShares US Utilities ETF
IDU
$1.33B
| $644K | ﹤0.01% |
+11,926
| New | +$647K |
|
|
CAI
2511
DELISTED
CAI International, Inc.
CAI
| $642K | ﹤0.01% |
63,671
+9,873
| +18% | +$105K |
|
|
ACSF
2512
DELISTED
American Capital Senior Floating, Ltd.
ACSF
| $641K | ﹤0.01% |
65,242
-403
| -0.6% | -$4.3K |
|
|
AREX
2513
DELISTED
Approach Resources Inc.
AREX
| $640K | ﹤0.01% |
347,612
+251,731
| +263% | +$564K |
|
|
ENOC
2514
DELISTED
EnerNOC, Inc.
ENOC
| $638K | ﹤0.01% |
165,780
+81,999
| +98% | +$480K |
|
2515
Sterling Infrastructure
STRL
$14.9B
| $637K | ﹤0.01% |
104,835
+89,435
| +581% | +$454K |
|
|
JE
2516
DELISTED
Just Energy Group Inc
JE
| $637K | ﹤0.01% |
2,709
+1,636
| +152% | +$378K |
|
|
RAS
2517
DELISTED
RAIT Financial Trust
RAS
| $635K | ﹤0.01% |
235,103
+98,993
| +73% | +$420K |
|
2518
Q2 Holdings
QTWO
$3.98B
| $634K | ﹤0.01% |
24,046
+1,867
| +8% | +$49.1K |
|
|
EGIO
2519
DELISTED
Edgio, Inc. Common Stock
EGIO
| $633K | ﹤0.01% |
10,846
-4,258
| -28% | -$318K |
|
2520
Turkcell
TKC
$4.72B
| $632K | ﹤0.01% |
+74,462
| New | +$712K |
|
2521
VirnetX Holding Corp
VHC
$53.9M
| $630K | ﹤0.01% |
12,253
+9,647
| +370% | +$633K |
|
|
FFWM
2522
DELISTED
First Foundation Inc
FFWM
| $628K | ﹤0.01% |
53,236
-108,998
| -67% | -$1.27M |
|
2523
Talphera
TLPH
$63.8M
| $628K | ﹤0.01% |
8,150
+4,646
| +133% | +$399K |
|
|
BUFF
2524
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $628K | ﹤0.01% |
33,539
-118,381
| -78% | -$2.16M |
|
|
TFM
2525
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $628K | ﹤0.01% |
+26,811
| New | +$658K |
|
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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.