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 | |
|---|---|---|---|---|---|---|
2726
Lipocine
LPCN
$18.1M
| $328K | ﹤0.01% |
+1,903
| New | +$325K |
|
|
MHGC
2727
DELISTED
Morgans Hotel Group Co.
MHGC
| $327K | ﹤0.01% |
237,000
+52,300
| +28% | +$85.8K |
|
2728
ICL Group
ICL
$7.32B
| $325K | ﹤0.01% |
75,862
+58,062
| +326% | +$239K |
|
|
CVLY
2729
DELISTED
Codorus Valley Bancorp Inc
CVLY
| $325K | ﹤0.01% |
+19,532
| New | +$326K |
|
|
TRR
2730
DELISTED
Trc Companies
TRR
| $324K | ﹤0.01% |
44,687
-90,867
| -67% | -$679K |
|
|
GES
2731
DELISTED
Guess Inc
GES
| $323K | ﹤0.01% |
17,221
-3,702
| -18% | -$71.2K |
|
2732
Lithia Motors
LAD
$8.13B
| $323K | ﹤0.01% |
3,703
-38,536
| -91% | -$3.31M |
|
2733
Citi Trends
CTRN
$578M
| $319K | ﹤0.01% |
17,893
-73,115
| -80% | -$1.37M |
|
2734
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $319K | ﹤0.01% |
16,376
-17,584
| -52% | -$321K |
|
2735
Unitil
UTL
$967M
| $319K | ﹤0.01% |
7,508
-5,387
| -42% | -$210K |
|
2736
EastGroup Properties
EGP
$10.7B
| $318K | ﹤0.01% |
5,272
-399,407
| -99% | -$21.7M |
|
2737
MediciNova
MNOV
$70.9M
| $318K | ﹤0.01% |
+43,262
| New | +$214K |
|
|
UCFC
2738
DELISTED
United Community Financial Corp
UCFC
| $318K | ﹤0.01% |
54,145
-8,748
| -14% | -$50.7K |
|
|
BRG
2739
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $317K | ﹤0.01% |
29,169
+13,675
| +88% | +$143K |
|
|
BFIN
2740
DELISTED
BankFinancial
BFIN
| $315K | ﹤0.01% |
26,627
+4,619
| +21% | +$55.8K |
|
|
SVC
2741
Service Properties Trust
SVC
$1,000M
| $315K | ﹤0.01% |
+2,368
| New | +$287K |
|
2742
VEON
VEON
$4.17B
| $314K | ﹤0.01% |
2,948
-5,504
| -65% | -$486K |
|
|
VDTH
2743
DELISTED
Videocon d2h Limited
VDTH
| $314K | ﹤0.01% |
42,656
-673,345
| -94% | -$4.61M |
|
2744
Aon
AON
$74.5B
| $313K | ﹤0.01% |
3,000
-26,200
| -90% | -$2.45M |
|
|
CCEC
2745
Capital Clean Energy Carriers
CCEC
$1.36B
| $313K | ﹤0.01% |
14,132
+8,042
| +132% | +$203K |
|
2746
Reading International Class A
RDI
$45.6M
| $311K | ﹤0.01% |
25,964
+63
| +0.2% | +$694 |
|
2747
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.6B
| $310K | ﹤0.01% |
2,941
-3,985
| -58% | -$416K |
|
2748
Union Pacific
UNP
$183B
| $309K | ﹤0.01% |
3,886
-105,745
| -96% | -$8.17M |
|
|
PULB
2749
DELISTED
PULASKI FINANCIAL CORP
PULB
| $308K | ﹤0.01% |
+19,090
| New | +$291K |
|
2750
Sierra Bancorp
BSRR
$514M
| $307K | ﹤0.01% |
+16,899
| New | +$302K |
|
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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 $6.99B 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.