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 | |
|---|---|---|---|---|---|---|
|
LONG
2626
DELISTED
ELONG, INC. AMERICAN DEPOSITARY SHARES
LONG
| $399K | ﹤0.01% |
+22,767
| New | +$392K |
|
|
FSP
2627
Franklin Street Properties
FSP
$43.4M
| $398K | ﹤0.01% |
37,554
-266,547
| -88% | -$2.59M |
|
2628
State Street SPDR Dow Jones International Real Estate ETF
RWX
$267M
| $397K | ﹤0.01% |
9,582
-535
| -5% | -$20.6K |
|
|
LAYN
2629
DELISTED
Layne Christensen Co
LAYN
| $397K | ﹤0.01% |
+55,230
| New | +$322K |
|
|
EDE
2630
DELISTED
Empire District Electric
EDE
| $397K | ﹤0.01% |
12,013
-430,965
| -97% | -$13.4M |
|
2631
Box
BOX
$4.63B
| $396K | ﹤0.01% |
32,296
-105,576
| -77% | -$1.2M |
|
2632
Northrim BanCorp
NRIM
$570M
| $396K | ﹤0.01% |
66,248
-42,004
| -39% | -$251K |
|
|
SREV
2633
DELISTED
ServiceSource International, Inc.
SREV
| $395K | ﹤0.01% |
92,620
-247,594
| -73% | -$1M |
|
|
BCRH
2634
DELISTED
BLUE CAPITAL REINSURANCE HOLDINGS LTD.
BCRH
| $394K | ﹤0.01% |
+22,013
| New | +$397K |
|
2635
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $393K | ﹤0.01% |
19,500
+7,820
| +67% | +$148K |
|
2636
Main Street Capital
MAIN
$5.46B
| $390K | ﹤0.01% |
+12,432
| New | +$361K |
|
2637
Triumph Financial Inc
TFIN
$1.76B
| $390K | ﹤0.01% |
24,664
-1,068
| -4% | -$15.3K |
|
2638
iRadimed
IRMD
$1.12B
| $389K | ﹤0.01% |
20,300
+4,128
| +26% | +$79K |
|
|
JWN
2639
DELISTED
Nordstrom
JWN
| $389K | ﹤0.01% |
6,800
-268,501
| -98% | -$13.8M |
|
2640
LifeVantage
LFVN
$83.4M
| $384K | ﹤0.01% |
+42,239
| New | +$375K |
|
|
PKD
2641
DELISTED
Parker Drilling Company
PKD
| $382K | ﹤0.01% |
12,000
+3,620
| +43% | +$85.9K |
|
|
SYNT
2642
DELISTED
Syntel Inc
SYNT
| $381K | ﹤0.01% |
7,636
-6,833
| -47% | -$313K |
|
|
FSB
2643
DELISTED
Franklin Financial Network, Inc.
FSB
| $380K | ﹤0.01% |
14,070
-29,287
| -68% | -$795K |
|
|
GNBC
2644
DELISTED
Green Bancorp, Inc
GNBC
| $380K | ﹤0.01% |
50,133
+25,269
| +102% | +$198K |
|
2645
CoreCivic
CXW
$3.36B
| $379K | ﹤0.01% |
11,825
-281,450
| -96% | -$8.21M |
|
|
AT
2646
DELISTED
Atlantic Power Corporation
AT
| $379K | ﹤0.01% |
154,079
-63,819
| -29% | -$121K |
|
|
IRS
2647
IRSA Inversiones y Representaciones
IRS
$1.27B
| $378K | ﹤0.01% |
26,229
-18,362
| -41% | -$205K |
|
2648
Paycom
PAYC
$10.5B
| $377K | ﹤0.01% |
10,580
-152,124
| -93% | -$4.75M |
|
2649
RELX
RELX
$61.6B
| $377K | ﹤0.01% |
+20,067
| New | +$353K |
|
2650
Sixth Street Specialty
TSLX
$1.79B
| $376K | ﹤0.01% |
23,289
-123,832
| -84% | -$1.98M |
|
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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.