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 | |
|---|---|---|---|---|---|---|
2726
Artesian Resources
ARTNA
$370M
| $371K | ﹤0.01% |
12,991
-7,851
| -38% | -$241K |
|
|
XLKS
2727
DELISTED
POWERSHARES S&P SMALLCAP INFORMATION TECHNOLOGY PORTFOLIO
XLKS
| $371K | ﹤0.01% |
+5,843
| New | +$371K |
|
2728
Intrepid Potash
IPI
$509M
| $370K | ﹤0.01% |
32,740
-14,969
| -31% | -$196K |
|
2729
Old Second Bancorp
OSBC
$1.28B
| $370K | ﹤0.01% |
+44,502
| New | +$341K |
|
2730
Virtus Investment Partners
VRTS
$1.11B
| $370K | ﹤0.01% |
+3,780
| New | +$331K |
|
|
CDI
2731
DELISTED
CDI Corp.
CDI
| $370K | ﹤0.01% |
65,340
-49,280
| -43% | -$289K |
|
2732
Myers Industries
MYE
$1.23B
| $367K | ﹤0.01% |
28,219
-19,911
| -41% | -$284K |
|
2733
Invesco S&P 500 Top 50 ETF
XLG
$10.9B
| $367K | ﹤0.01% |
24,000
-6,000
| -20% | -$91.6K |
|
|
OCSI
2734
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $367K | ﹤0.01% |
42,880
-11,020
| -20% | -$93.7K |
|
|
FFIC
2735
DELISTED
Flushing Financial
FFIC
| $365K | ﹤0.01% |
15,387
-70,002
| -82% | -$1.56M |
|
|
PKD
2736
DELISTED
Parker Drilling Company
PKD
| $365K | ﹤0.01% |
11,200
+2,582
| +30% | +$83.2K |
|
|
VTTI
2737
DELISTED
VTTI Energy Partners LP
VTTI
| $365K | ﹤0.01% |
19,200
+4,235
| +28% | +$81.7K |
|
2738
HealthEquity
HQY
$8.81B
| $364K | ﹤0.01% |
9,606
-53,507
| -85% | -$1.7M |
|
2739
Natural Health Trends
NHTC
$15.1M
| $363K | ﹤0.01% |
12,843
+4,899
| +62% | +$152K |
|
2740
FreightCar America
RAIL
$238M
| $363K | ﹤0.01% |
25,220
-41,582
| -62% | -$593K |
|
2741
iShares MSCI Chile ETF
ECH
$1.08B
| $362K | ﹤0.01% |
9,807
+1,879
| +24% | +$70.7K |
|
|
FSB
2742
DELISTED
Franklin Financial Network, Inc.
FSB
| $362K | ﹤0.01% |
+9,667
| New | +$329K |
|
2743
Tompkins Financial
TMP
$1.41B
| $360K | ﹤0.01% |
4,710
-4,713
| -50% | -$337K |
|
2744
Outlook Therapeutics
OTLK
$155M
| $359K | ﹤0.01% |
528
-23
| -4% | -$14.6K |
|
|
EXA
2745
DELISTED
EXA Corporation
EXA
| $359K | ﹤0.01% |
+22,373
| New | +$337K |
|
2746
Gran Tierra Energy
GTE
$340M
| $358K | ﹤0.01% |
11,893
+9,143
| +332% | +$262K |
|
|
UCFC
2747
DELISTED
United Community Financial Corp
UCFC
| $358K | ﹤0.01% |
50,343
+28,733
| +133% | +$191K |
|
|
EDE
2748
DELISTED
Empire District Electric
EDE
| $356K | ﹤0.01% |
10,422
-7,521
| -42% | -$255K |
|
2749
Schwab US Dividend Equity ETF
SCHD
$112B
| $355K | ﹤0.01% |
25,200
-1,200
| -5% | -$16.9K |
|
|
VRS
2750
DELISTED
Verso Corporation
VRS
| $355K | ﹤0.01% |
+55,087
| New | +$464K |
|
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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.