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 | |
|---|---|---|---|---|---|---|
251
Jazz Pharmaceuticals
JAZZ
$16.5B
| $50.2M | 0.08% |
412,924
-79,966
| -16% | -$10.8M |
|
252
SM Energy
SM
$8.85B
| $50.1M | 0.08% |
1,299,150
-33,813
| -3% | -$1.08M |
|
253
GE Aerospace
GE
$361B
| $50M | 0.08% |
352,181
+274,850
| +355% | +$41M |
|
254
American Homes 4 Rent
AMH
$12.4B
| $49.9M | 0.08% |
2,306,779
+920,018
| +66% | +$19.9M |
|
255
Helix Energy Solutions
HLX
$1.53B
| $49.9M | 0.08% |
6,137,776
+816,716
| +15% | +$6.18M |
|
256
Cencora
COR
$60.7B
| $49.9M | 0.08% |
617,248
+419,640
| +212% | +$36M |
|
|
HRC
257
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $49.7M | 0.08% |
801,600
-17,572
| -2% | -$990K |
|
|
HOUS
258
DELISTED
Anywhere Real Estate
HOUS
| $49.6M | 0.08% |
1,916,235
-127,845
| -6% | -$3.54M |
|
259
Dick's Sporting Goods
DKS
$16.4B
| $49.4M | 0.08% |
870,919
+414,226
| +91% | +$22.8M |
|
260
Lincoln National
LNC
$8.07B
| $49.4M | 0.08% |
1,050,709
+560,779
| +114% | +$25.1M |
|
|
DFS
261
DELISTED
Discover Financial Services
DFS
| $49M | 0.08% |
866,796
+490,024
| +130% | +$28.1M |
|
262
SBA Communications
SBAC
$19.4B
| $48.8M | 0.08% |
435,300
+244,700
| +128% | +$27.7M |
|
263
Texas Capital Bancshares
TCBI
$4.27B
| $48.6M | 0.08% |
885,805
+283,557
| +47% | +$14.3M |
|
264
Kohl's
KSS
$2B
| $48.6M | 0.08% |
1,110,598
+436,754
| +65% | +$18.3M |
|
265
Welltower
WELL
$172B
| $48.6M | 0.08% |
649,827
+564,556
| +662% | +$43.2M |
|
|
ENH
266
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $48.5M | 0.08% |
740,817
+382,921
| +107% | +$25.4M |
|
267
National Health Investors
NHI
$3.6B
| $48.4M | 0.08% |
616,608
-127,326
| -17% | -$10M |
|
268
Intercontinental Exchange
ICE
$90.5B
| $48.4M | 0.08% |
897,760
-289,915
| -24% | -$15.8M |
|
|
FMSA
269
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $48.1M | 0.08% |
+5,676,886
| New | +$42.2M |
|
|
NVRO
270
DELISTED
NEVRO CORP.
NVRO
| $48M | 0.08% |
460,172
+107,361
| +30% | +$9.7M |
|
271
International Paper
IP
$22B
| $48M | 0.08% |
+1,056,538
| New | +$46.6M |
|
|
PXD
272
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $47.8M | 0.08% |
257,700
| – | – |
|
273
MGM Resorts International
MGM
$11B
| $47.7M | 0.08% |
1,831,920
-1,003,800
| -35% | -$24.4M |
|
274
Four Corners Property Trust
FCPT
$2.77B
| $47.2M | 0.08% |
2,213,828
+888,410
| +67% | +$18.7M |
|
|
CONE
275
DELISTED
CyrusOne Inc Common Stock
CONE
| $46.8M | 0.08% |
984,830
-1,420,723
| -59% | -$73.5M |
|
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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.