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 | Miscellaneous | 11.3% |
| 3 | Energy | 10.39% |
| 4 | Technology | 9.45% |
| 5 | Consumer Discretionary | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2801
Weibo
WB
$1.73B
| $280K | ﹤0.01% |
15,600
-102,449
| -87% | -$1.65M |
|
|
TRK
2802
DELISTED
Speedway Motorsports, Inc.
TRK
| $280K | ﹤0.01% |
14,108
-12,558
| -47% | -$232K |
|
|
OCLR
2803
DELISTED
Oclaro Inc.
OCLR
| $280K | ﹤0.01% |
51,856
-1,407,275
| -96% | -$5.94M |
|
2804
Kroger
KR
$35.2B
| $279K | ﹤0.01% |
7,300
-208,084
| -97% | -$8.03M |
|
2805
McCormick & Company Non-Voting
MKC
$14.6B
| $279K | ﹤0.01% |
5,600
-20,090
| -78% | -$903K |
|
2806
Nathan's Famous
NATH
$397M
| $279K | ﹤0.01% |
+6,390
| New | +$311K |
|
2807
MPLX
MPLX
$59.6B
| $278K | ﹤0.01% |
9,367
-83,940
| -90% | -$2.28M |
|
|
HMIN
2808
DELISTED
HOMEINNS HOTEL GROUP SPONSORED ADR
HMIN
| $276K | ﹤0.01% |
+7,728
| New | +$267K |
|
|
GIFI
2809
DELISTED
Gulf Island Fabrication
GIFI
| $275K | ﹤0.01% |
34,987
-8,312
| -19% | -$72.6K |
|
|
PBT
2810
Permian Basin Royalty Trust
PBT
$1.56B
| $275K | ﹤0.01% |
44,629
+24,144
| +118% | +$133K |
|
2811
Sprott Physical Gold and Silver Trust
CEF
$8.25B
| $274K | ﹤0.01% |
22,885
+3,923
| +21% | +$44.8K |
|
2812
Western New England Bancorp
WNEB
$273M
| $274K | ﹤0.01% |
+32,518
| New | +$269K |
|
|
ATHX
2813
DELISTED
Athersys, Inc. Common Stock
ATHX
| $274K | ﹤0.01% |
+4,870
| New | +$198K |
|
2814
Rocket Pharmaceuticals
RCKT
$406M
| $273K | ﹤0.01% |
9,223
+4,870
| +112% | +$146K |
|
2815
Rogers Corp
ROG
$2.31B
| $273K | ﹤0.01% |
+4,557
| New | +$230K |
|
|
VSLR
2816
DELISTED
VIVINT SOLAR, INC.
VSLR
| $273K | ﹤0.01% |
+103,154
| New | +$664K |
|
2817
Bank of Hawaii
BOH
$3.02B
| $271K | ﹤0.01% |
3,976
-4,600
| -54% | -$289K |
|
2818
Direxion Daily Real Estate Bull 3X ETF
DRN
$44.3M
| $271K | ﹤0.01% |
12,416
-1,344
| -10% | -$23.3K |
|
|
NPTN
2819
DELISTED
NEOPHOTONICS CORP
NPTN
| $271K | ﹤0.01% |
19,320
-145,080
| -88% | -$1.5M |
|
|
JRJC
2820
DELISTED
China Finance Online Co., Ltd.
JRJC
| $271K | ﹤0.01% |
5,340
-1,650
| -24% | -$85.5K |
|
2821
Vanguard Global ex-US Real Estate ETF
VNQI
$3.51B
| $270K | ﹤0.01% |
+5,050
| New | +$251K |
|
2822
Invesco S&P Spin-Off ETF
CSD
$225M
| $269K | ﹤0.01% |
6,973
-7,100
| -50% | -$254K |
|
2823
Schwab US Dividend Equity ETF
SCHD
$111B
| $269K | ﹤0.01% |
20,100
-6,360
| -24% | -$80.6K |
|
2824
Genie Energy
GNE
$391M
| $268K | ﹤0.01% |
35,279
+17,824
| +102% | +$153K |
|
|
CAF
2825
Morgan Stanley China A Share Fund
CAF
$323M
| $267K | ﹤0.01% |
+15,780
| New | +$255K |
|
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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 Miscellaneous and Energy.
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.