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 | |
|---|---|---|---|---|---|---|
|
MBTF
2651
DELISTED
MBT Financial Corporation
MBTF
| $376K | ﹤0.01% |
+46,769
| New | +$362K |
|
2652
Acadia Healthcare
ACHC
$2.85B
| $375K | ﹤0.01% |
6,799
-516,707
| -99% | -$29.5M |
|
2653
British American Tobacco
BTI
$124B
| $375K | ﹤0.01% |
6,412
-80,050
| -93% | -$4.41M |
|
2654
First Community Bankshares
FCBC
$927M
| $375K | ﹤0.01% |
18,890
-10,220
| -35% | -$186K |
|
2655
PDF Solutions
PDFS
$1.9B
| $374K | ﹤0.01% |
27,951
+7,183
| +35% | +$78.7K |
|
2656
PLDT
PHI
$4.19B
| $374K | ﹤0.01% |
+8,640
| New | +$368K |
|
2657
Skyworks Solutions
SWKS
$10B
| $373K | ﹤0.01% |
4,792
-183,195
| -97% | -$12.4M |
|
2658
Compañía de Minas Buenaventura
BVN
$9.19B
| $372K | ﹤0.01% |
50,507
+5,111
| +11% | +$25.7K |
|
|
TBRA
2659
DELISTED
Tobira Therapeutics, Inc. Common Stock
TBRA
| $372K | ﹤0.01% |
45,468
-64,487
| -59% | -$486K |
|
2660
Fortuna Silver Mines
FSM
$3.67B
| $371K | ﹤0.01% |
95,233
-65,985
| -41% | -$210K |
|
2661
Truist Financial
TFC
$61.9B
| $371K | ﹤0.01% |
+11,165
| New | +$371K |
|
2662
CGI
GIB
$15.2B
| $370K | ﹤0.01% |
7,748
-18,389
| -70% | -$769K |
|
2663
Heritage Financial
HFWA
$1.18B
| $370K | ﹤0.01% |
21,054
+8,353
| +66% | +$147K |
|
2664
Malibu Boats
MBUU
$523M
| $370K | ﹤0.01% |
22,540
-5,136
| -19% | -$75K |
|
2665
Azenta
AZTA
$1.47B
| $369K | ﹤0.01% |
35,518
-401,890
| -92% | -$3.84M |
|
2666
TTEC Holdings
TTEC
$68M
| $368K | ﹤0.01% |
+13,245
| New | +$355K |
|
2667
Vanguard FTSE Pacific ETF
VPL
$8.55B
| $368K | ﹤0.01% |
+6,661
| New | +$353K |
|
|
SPNS
2668
DELISTED
Sapiens International
SPNS
| $367K | ﹤0.01% |
30,659
-27,799
| -48% | -$297K |
|
|
XCO
2669
DELISTED
Exco Resources
XCO
| $367K | ﹤0.01% |
24,744
+11,869
| +92% | +$197K |
|
2670
LSI Industries
LYTS
$744M
| $366K | ﹤0.01% |
+31,182
| New | +$339K |
|
|
QADA
2671
DELISTED
QAD Inc.
QADA
| $366K | ﹤0.01% |
17,215
-7,298
| -30% | -$141K |
|
|
MODN
2672
DELISTED
MODEL N, INC.
MODN
| $365K | ﹤0.01% |
33,864
-48,154
| -59% | -$503K |
|
|
WFBI
2673
DELISTED
WashingtonFirst Bankshares Inc
WFBI
| $365K | ﹤0.01% |
17,519
+6,041
| +53% | +$123K |
|
2674
Cerus
CERS
$552M
| $364K | ﹤0.01% |
61,463
+24,408
| +66% | +$135K |
|
2675
CarMax
KMX
$9.06B
| $364K | ﹤0.01% |
+7,130
| New | +$337K |
|
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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.