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 | |
|---|---|---|---|---|---|---|
2751
KB Financial Group
KB
$42.6B
| $307K | ﹤0.01% |
11,135
-47,802
| -81% | -$1.22M |
|
|
GARS
2752
DELISTED
Garrison Capital Inc.
GARS
| $307K | ﹤0.01% |
28,640
-10,921
| -28% | -$122K |
|
|
EVOK
2753
DELISTED
Evoke Pharma
EVOK
| $306K | ﹤0.01% |
417
-9
| -2% | -$4.61K |
|
2754
Anavex Life Sciences
AVXL
$296M
| $305K | ﹤0.01% |
62,188
+47,238
| +316% | +$208K |
|
|
ATRI
2755
DELISTED
Atrion Corp
ATRI
| $305K | ﹤0.01% |
772
-556
| -42% | -$210K |
|
|
MGI
2756
DELISTED
MoneyGram International, Inc. New
MGI
| $305K | ﹤0.01% |
49,894
+28,020
| +128% | +$158K |
|
|
WBT
2757
DELISTED
Welbilt, Inc.
WBT
| $305K | ﹤0.01% |
+20,681
| New | +$301K |
|
2758
Comtech Telecommunications
CMTL
$53M
| $304K | ﹤0.01% |
13,028
-161,144
| -93% | -$3.3M |
|
2759
KRONOS Worldwide
KRO
$998M
| $304K | ﹤0.01% |
53,069
+28,021
| +112% | +$146K |
|
2760
Home Bancorp
HBCP
$542M
| $303K | ﹤0.01% |
+11,315
| New | +$291K |
|
2761
iShares North American Natural Resources ETF
IGE
$771M
| $302K | ﹤0.01% |
10,144
-10,085
| -50% | -$274K |
|
2762
Towne Bank
TOWN
$3.44B
| $302K | ﹤0.01% |
15,751
-7,123
| -31% | -$132K |
|
|
ZEUS
2763
DELISTED
Olympic Steel
ZEUS
| $302K | ﹤0.01% |
17,444
-69,362
| -80% | -$824K |
|
2764
Morningstar
MORN
$8.05B
| $300K | ﹤0.01% |
3,400
-27,953
| -89% | -$2.23M |
|
|
MRIN
2765
DELISTED
Marin Software
MRIN
| $300K | ﹤0.01% |
2,366
+682
| +40% | +$89.2K |
|
2766
iShares US Consumer Discretionary ETF
IYC
$1.2B
| $299K | ﹤0.01% |
8,204
-4,576
| -36% | -$158K |
|
|
SIFI
2767
DELISTED
SI Financial Group, Inc. NEW MD
SIFI
| $297K | ﹤0.01% |
+21,295
| New | +$296K |
|
2768
Weis Markets
WMK
$1.74B
| $295K | ﹤0.01% |
6,538
-1,456
| -18% | -$59.9K |
|
|
MBFI
2769
DELISTED
MB Financial Corp
MBFI
| $295K | ﹤0.01% |
9,099
-204,705
| -96% | -$6.32M |
|
|
PLPM
2770
DELISTED
Planet Payment, Inc
PLPM
| $295K | ﹤0.01% |
+83,545
| New | +$248K |
|
2771
LCNB Corp
LCNB
$273M
| $294K | ﹤0.01% |
+18,278
| New | +$297K |
|
2772
Spok Holdings
SPOK
$216M
| $292K | ﹤0.01% |
+16,666
| New | +$283K |
|
|
MFSF
2773
DELISTED
MutualFirst Financial Inc
MFSF
| $292K | ﹤0.01% |
+11,603
| New | +$285K |
|
|
WW
2774
PUT
DELISTED
WW International
WW
| $291K | ﹤0.01% |
+20,000
| New | +$272K |
|
2775
Forrester Research
FORR
$223M
| $290K | ﹤0.01% |
8,633
-83,010
| -91% | -$2.56M |
|
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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.