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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HOLX
251
DELISTED
Hologic
HOLX
| $48.9M | 0.1% |
1,264,320
-2,035,172
| -62% | -$79.2M |
|
|
TIF
252
DELISTED
Tiffany & Co.
TIF
| $48.9M | 0.1% |
641,109
+231,942
| +57% | +$18.1M |
|
253
Delta Air Lines
DAL
$54.2B
| $48.6M | 0.1% |
959,085
-1,137,340
| -54% | -$56.2M |
|
254
PVH
PVH
$3.62B
| $48.4M | 0.1% |
656,982
+312,870
| +91% | +$27.7M |
|
255
KLA
KLAC
$240B
| $48.3M | 0.1% |
6,970,050
+3,253,670
| +88% | +$20.8M |
|
256
Lumen
LUMN
$6.13B
| $48.2M | 0.1% |
1,917,082
-887,992
| -32% | -$23.8M |
|
|
INXN
257
DELISTED
Interxion Holding N.V.
INXN
| $48.2M | 0.1% |
1,599,359
-289,203
| -15% | -$8.48M |
|
|
ZNGA
258
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $48.1M | 0.1% |
17,942,512
+427,813
| +2% | +$1.08M |
|
259
Northrop Grumman
NOC
$78.3B
| $48M | 0.1% |
254,039
+48,067
| +23% | +$8.81M |
|
260
United States Oil Fund
USO
$2.24B
| $47.3M | 0.1% |
537,634
+503,922
| +1,495% | +$53.7M |
|
|
CST
261
DELISTED
CST Brands, Inc.
CST
| $47.3M | 0.1% |
1,207,865
+51,606
| +4% | +$1.89M |
|
|
AAT
262
American Assets Trust
AAT
$1.4B
| $47.1M | 0.1% |
1,227,987
+699,660
| +132% | +$28.3M |
|
263
Ford
F
$57.5B
| $46.8M | 0.1% |
3,321,969
+1,449,449
| +77% | +$21M |
|
264
Halliburton
HAL
$29.4B
| $46.5M | 0.1% |
1,367,024
-1,247,603
| -48% | -$47M |
|
|
GHDX
265
DELISTED
Genomic Health, Inc.
GHDX
| $46M | 0.1% |
1,306,004
+312,476
| +31% | +$8.37M |
|
266
Equity Lifestyle Properties
ELS
$12.7B
| $45.9M | 0.1% |
1,377,104
-1,372,766
| -50% | -$42.5M |
|
267
CubeSmart
CUBE
$9.21B
| $45.8M | 0.1% |
1,496,817
+842,602
| +129% | +$24.2M |
|
268
PUT
Charter Communications
CHTR
$17.9B
| $45.8M | 0.1% |
250,000
+150,000
| +150% | +$27.8M |
|
|
ARG
269
DELISTED
Airgas Inc
ARG
| $45.8M | 0.1% |
330,762
+223,263
| +208% | +$25.7M |
|
|
ATHN
270
DELISTED
Athenahealth, Inc.
ATHN
| $45.6M | 0.1% |
283,403
-151,720
| -35% | -$23.4M |
|
|
COR
271
DELISTED
Coresite Realty Corporation
COR
| $45.5M | 0.1% |
802,320
-296,332
| -27% | -$16.8M |
|
272
Intercontinental Exchange
ICE
$90.5B
| $45.5M | 0.1% |
887,755
+129,780
| +17% | +$6.53M |
|
273
Zebra Technologies
ZBRA
$17.4B
| $45.5M | 0.1% |
653,202
+421,739
| +182% | +$31.6M |
|
274
Cencora
COR
$60.7B
| $45.5M | 0.1% |
438,415
+216,752
| +98% | +$21.3M |
|
|
CB
275
DELISTED
CHUBB CORPORATION
CB
| $45.2M | 0.1% |
340,659
+260,231
| +324% | +$33.7M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.