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 | |
|---|---|---|---|---|---|---|
2526
Sibanye-Stillwater
SBSW
$8.56B
| $485K | ﹤0.01% |
33,928
-593,053
| -95% | -$6.42M |
|
|
LKM
2527
DELISTED
Link Motion Inc.
LKM
| $485K | ﹤0.01% |
105,867
+82,767
| +358% | +$308K |
|
2528
City Holding Co
CHCO
$2.03B
| $484K | ﹤0.01% |
+10,127
| New | +$449K |
|
|
ESGR
2529
DELISTED
Enstar Group
ESGR
| $482K | ﹤0.01% |
+2,963
| New | +$458K |
|
|
MTSC
2530
DELISTED
MTS Systems Corp
MTSC
| $482K | ﹤0.01% |
+7,914
| New | +$436K |
|
2531
National Presto Industries
NPK
$1.08B
| $481K | ﹤0.01% |
+5,738
| New | +$460K |
|
|
AUD
2532
DELISTED
Audacy, Inc.
AUD
| $480K | ﹤0.01% |
+45,329
| New | +$482K |
|
2533
Vanguard Russell 1000 Growth ETF
VONG
$44.8B
| $479K | ﹤0.01% |
18,696
+10,124
| +118% | +$245K |
|
|
OMED
2534
DELISTED
OncoMed Pharmaceuticals, Inc.
OMED
| $479K | ﹤0.01% |
+47,356
| New | +$556K |
|
2535
Option Care Health
OPCH
$3.6B
| $478K | ﹤0.01% |
55,831
-100,179
| -64% | -$751K |
|
|
FARM
2536
DELISTED
Farmer Brothers
FARM
| $477K | ﹤0.01% |
17,115
-4,148
| -20% | -$111K |
|
2537
Hyster-Yale Materials Handling
HY
$622M
| $477K | ﹤0.01% |
7,157
-64,138
| -90% | -$3.64M |
|
2538
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.64B
| $476K | ﹤0.01% |
10,044
-1,472
| -13% | -$68.6K |
|
|
LTC
2539
LTC Properties
LTC
$2.18B
| $476K | ﹤0.01% |
10,519
-65,202
| -86% | -$2.88M |
|
|
TWO
2540
Two Harbors Investment
TWO
| $476K | ﹤0.01% |
7,496
-285,825
| -97% | -$17.7M |
|
|
MTOR
2541
DELISTED
MERITOR, Inc.
MTOR
| $476K | ﹤0.01% |
59,004
+29,452
| +100% | +$214K |
|
|
MCRN
2542
DELISTED
Milacron Holdings Corp.
MCRN
| $475K | ﹤0.01% |
28,810
-36,420
| -56% | -$511K |
|
2543
Protolabs
PRLB
$1.89B
| $472K | ﹤0.01% |
6,125
-4,605
| -43% | -$297K |
|
2544
iShares MSCI United Kingdom ETF
EWU
$3.84B
| $471K | ﹤0.01% |
+15,021
| New | +$455K |
|
2545
Kopin
KOPN
$879M
| $471K | ﹤0.01% |
283,757
-364,391
| -56% | -$697K |
|
2546
Amphastar Pharmaceuticals
AMPH
$937M
| $470K | ﹤0.01% |
39,142
-98,807
| -72% | -$1.16M |
|
2547
J&J Snack Foods
JJSF
$1.66B
| $468K | ﹤0.01% |
+4,321
| New | +$466K |
|
|
EGL
2548
DELISTED
Engility Holdings, Inc.
EGL
| $467K | ﹤0.01% |
24,890
-85,173
| -77% | -$1.53M |
|
2549
Encore Capital Group
ECPG
$2.12B
| $466K | ﹤0.01% |
18,099
-32,908
| -65% | -$759K |
|
2550
Power Integrations
POWI
$3.07B
| $466K | ﹤0.01% |
18,770
-34,542
| -65% | -$795K |
|
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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.