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 | |
|---|---|---|---|---|---|---|
|
VIAB
251
DELISTED
Viacom Inc. Class B
VIAB
| $37.7M | 0.09% |
912,844
-1,844,387
| -67% | -$73.3M |
|
|
HRC
252
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $37.4M | 0.09% |
743,370
+311,036
| +72% | +$14.7M |
|
|
SAVE
253
DELISTED
Spirit Airlines, Inc.
SAVE
| $37.2M | 0.09% |
776,170
+133,361
| +21% | +$5.97M |
|
254
KBR
KBR
$4.86B
| $36.7M | 0.09% |
2,370,191
+1,897,540
| +401% | +$26.8M |
|
255
Simon Property Group
SPG
$70.6B
| $36.7M | 0.09% |
176,642
-244,077
| -58% | -$46.9M |
|
|
EMC
256
PUT
DELISTED
EMC CORPORATION
EMC
| $36.7M | 0.09% |
1,376,500
-243,500
| -15% | -$6.17M |
|
257
CenterPoint Energy
CNP
$25.5B
| $36.6M | 0.09% |
+1,749,638
| New | +$33M |
|
|
CLR
258
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $36.6M | 0.09% |
1,204,283
+725,959
| +152% | +$16.4M |
|
|
BBL
259
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $36.5M | 0.09% |
1,607,121
+510,248
| +47% | +$10.7M |
|
|
ZLTQ
260
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $36.5M | 0.09% |
1,343,064
+250,373
| +23% | +$5.9M |
|
261
United Therapeutics
UTHR
$22B
| $36.5M | 0.09% |
327,331
+104,443
| +47% | +$13.2M |
|
|
ESV
262
DELISTED
Ensco Rowan plc
ESV
| $36.4M | 0.09% |
878,404
-1,637,107
| -65% | -$66.8M |
|
263
Delek US
DK
$4.38B
| $36.2M | 0.09% |
2,374,130
-229,114
| -9% | -$3.7M |
|
|
WWAV
264
DELISTED
The WhiteWave Foods Company
WWAV
| $36.1M | 0.09% |
887,675
+299,851
| +51% | +$11.4M |
|
265
eBay
EBAY
$46.3B
| $36M | 0.09% |
1,510,729
-277,347
| -16% | -$6.75M |
|
|
DD
266
DELISTED
Du Pont De Nemours E I
DD
| $35.9M | 0.09% |
566,756
-1,189,632
| -68% | -$71.2M |
|
267
Newmont
NEM
$139B
| $35.9M | 0.09% |
1,349,805
-2,291,770
| -63% | -$53M |
|
|
P
268
DELISTED
Pandora Media Inc
P
| $35.7M | 0.09% |
3,986,406
-1,384,262
| -26% | -$13.6M |
|
269
Incyte
INCY
$25.9B
| $35.7M | 0.09% |
492,265
+213,161
| +76% | +$15.9M |
|
270
Starbucks
SBUX
$122B
| $35.2M | 0.09% |
589,081
-234,068
| -28% | -$13.6M |
|
271
Agios Pharmaceuticals
AGIO
$1.98B
| $35.2M | 0.09% |
865,939
+824,485
| +1,989% | +$35.2M |
|
|
GWPH
272
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $34.9M | 0.09% |
483,999
+479,292
| +10,183% | +$26.3M |
|
273
Crown Holdings
CCK
$13B
| $34.9M | 0.09% |
702,918
-497,266
| -41% | -$23.3M |
|
|
SYT
274
DELISTED
Syngenta Ag
SYT
| $34.6M | 0.09% |
417,327
+318,497
| +322% | +$25.1M |
|
275
Valero Energy
VLO
$100B
| $34.5M | 0.09% |
537,197
-1,647,438
| -75% | -$105M |
|
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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.