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 | |
|---|---|---|---|---|---|---|
2576
iShares MSCI Pacific ex Japan ETF
EPP
$2.35B
| $527K | ﹤0.01% |
12,458
+2,228
| +22% | +$91.8K |
|
2577
Vanguard High Dividend Yield ETF
VYM
$83.1B
| $527K | ﹤0.01% |
+7,302
| New | +$530K |
|
2578
Papa John's
PZZA
$794M
| $526K | ﹤0.01% |
+6,668
| New | +$498K |
|
2579
Spok Holdings
SPOK
$221M
| $523K | ﹤0.01% |
29,361
+15,199
| +107% | +$274K |
|
2580
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$3.04B
| $522K | ﹤0.01% |
60,121
+23,009
| +62% | +$202K |
|
|
CPRX
2581
DELISTED
Catalyst Pharmaceutical
CPRX
| $521K | ﹤0.01% |
478,164
-169,581
| -26% | -$153K |
|
|
GNCA
2582
DELISTED
Genocea Biosciences, Inc.
GNCA
| $519K | ﹤0.01% |
12,675
-8,149
| -39% | -$320K |
|
2583
Direxion Daily Healthcare Bull 3X ETF
CURE
$205M
| $516K | ﹤0.01% |
+16,181
| New | +$550K |
|
2584
Cogent Communications
CCOI
$506M
| $515K | ﹤0.01% |
14,000
+3,227
| +30% | +$125K |
|
|
ACHN
2585
DELISTED
Achillion Pharmaceuticals
ACHN
| $514K | ﹤0.01% |
63,462
-3,165,173
| -98% | -$26.9M |
|
|
CIR
2586
DELISTED
CIRCOR International, Inc
CIR
| $511K | ﹤0.01% |
+8,577
| New | +$503K |
|
2587
Carriage Services
CSV
$553M
| $510K | ﹤0.01% |
21,550
-44,014
| -67% | -$1.04M |
|
2588
MarineMax
HZO
$1.15B
| $509K | ﹤0.01% |
+24,285
| New | +$477K |
|
2589
Ribbon Communications
RBBN
$368M
| $508K | ﹤0.01% |
65,254
-489,279
| -88% | -$4.28M |
|
|
IIP
2590
DELISTED
INTERNAP NETWORK SERVICES CORPORATION
IIP
| $508K | ﹤0.01% |
307,753
-166,613
| -35% | -$275K |
|
2591
Gildan
GIL
$10.1B
| $507K | ﹤0.01% |
18,140
-9,693
| -35% | -$286K |
|
|
ISEE
2592
CALL
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $507K | ﹤0.01% |
+11,000
| New | +$620K |
|
2593
Astronics
ATRO
$3.2B
| $506K | ﹤0.01% |
17,819
-78,126
| -81% | -$2M |
|
2594
The RMR Group
RMR
$336M
| $505K | ﹤0.01% |
13,301
-1,938
| -13% | -$70.6K |
|
|
MSFG
2595
DELISTED
MainSource Financial Group Inc
MSFG
| $505K | ﹤0.01% |
20,254
-14,341
| -41% | -$331K |
|
|
MRTX
2596
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $504K | ﹤0.01% |
76,301
-214,797
| -74% | -$1.14M |
|
2597
Applied Industrial Technologies
AIT
$12.3B
| $503K | ﹤0.01% |
10,764
+2,751
| +34% | +$128K |
|
2598
Transportadora de Gas del Sur
TGS
$4.28B
| $502K | ﹤0.01% |
76,283
+62,551
| +456% | +$386K |
|
2599
National Grid
NGG
$81.6B
| $500K | ﹤0.01% |
7,292
-84,176
| -92% | -$5.82M |
|
2600
NewtekOne
NEWT
$360M
| $497K | ﹤0.01% |
34,866
-51,839
| -60% | -$694K |
|
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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.