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 | |
|---|---|---|---|---|---|---|
|
EXK
2501
Endeavour Silver
EXK
$3.23B
| $611K | ﹤0.01% |
119,061
-713,375
| -86% | -$3.56M |
|
2502
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.2B
| $611K | ﹤0.01% |
34,925
-10,455
| -23% | -$182K |
|
2503
Perdoceo Education
PRDO
$2.09B
| $608K | ﹤0.01% |
+89,616
| New | +$610K |
|
|
PWE
2504
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $607K | ﹤0.01% |
+335,203
| New | +$520K |
|
2505
State Street SPDR S&P Health Care Services ETF
XHS
$215M
| $606K | ﹤0.01% |
+11,000
| New | +$621K |
|
2506
Scholastic
SCHL
$754M
| $605K | ﹤0.01% |
+15,368
| New | +$617K |
|
2507
Aegon
AEG
$13.7B
| $604K | ﹤0.01% |
203,438
-107,165
| -35% | -$320K |
|
|
NOVN
2508
DELISTED
Novan, Inc. Common Stock
NOVN
| $603K | ﹤0.01% |
+2,988
| New | +$625K |
|
2509
Financial Institutions
FISI
$804M
| $602K | ﹤0.01% |
22,203
+10,850
| +96% | +$290K |
|
2510
Caterpillar
CAT
$378B
| $601K | ﹤0.01% |
6,773
-3,590
| -35% | -$294K |
|
|
MPSX
2511
DELISTED
Multi Packaging Solutions Intl.
MPSX
| $598K | ﹤0.01% |
41,482
+30,308
| +271% | +$431K |
|
2512
Cooper-Standard Automotive
CPS
$472M
| $596K | ﹤0.01% |
6,033
-13,995
| -70% | -$1.32M |
|
|
MASI
2513
CALL
DELISTED
Masimo
MASI
| $595K | ﹤0.01% |
+10,000
| New | +$564K |
|
2514
Donegal Group Class A
DGICA
$709M
| $591K | ﹤0.01% |
36,669
+20,032
| +120% | +$326K |
|
|
VIVO
2515
DELISTED
Meridian Bioscience Inc
VIVO
| $591K | ﹤0.01% |
+30,648
| New | +$600K |
|
|
BOJA
2516
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $589K | ﹤0.01% |
36,915
-40,979
| -53% | -$686K |
|
|
VRNT
2517
DELISTED
Verint Systems
VRNT
| $588K | ﹤0.01% |
30,684
-145,381
| -83% | -$2.62M |
|
|
CHL
2518
DELISTED
China Mobile Limited
CHL
| $586K | ﹤0.01% |
+9,521
| New | +$584K |
|
2519
CGI
GIB
$15.2B
| $585K | ﹤0.01% |
12,278
-18,779
| -60% | -$887K |
|
2520
Compugen
CGEN
$269M
| $584K | ﹤0.01% |
92,720
+67,920
| +274% | +$460K |
|
2521
Greif Class B
GEF.B
$4.11B
| $583K | ﹤0.01% |
+9,629
| New | +$526K |
|
2522
United Natural Foods
UNFI
$2.9B
| $580K | ﹤0.01% |
14,497
-248,538
| -94% | -$11.4M |
|
2523
UNIFI
UFI
$140M
| $577K | ﹤0.01% |
19,612
-10,557
| -35% | -$287K |
|
2524
ING
ING
$102B
| $576K | ﹤0.01% |
46,661
-227,038
| -83% | -$2.64M |
|
2525
Johnson Outdoors
JOUT
$477M
| $574K | ﹤0.01% |
+15,774
| New | +$489K |
|
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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.