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 | |
|---|---|---|---|---|---|---|
2876
Workhorse Group
WKHS
$35M
| $233K | ﹤0.01% |
+8
| New | +$150K |
|
|
CXP
2877
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $233K | ﹤0.01% |
+10,583
| New | +$228K |
|
|
FM
2878
DELISTED
iShares Frontier and Select EM ETF
FM
| $233K | ﹤0.01% |
+9,468
| New | +$224K |
|
2879
NWPX Infrastructure Inc
NWPX
$1.09B
| $232K | ﹤0.01% |
25,203
-6,051
| -19% | -$55.9K |
|
2880
Cadiz
CDZI
$329M
| $231K | ﹤0.01% |
+44,325
| New | +$229K |
|
|
TI
2881
DELISTED
Telecom Italia
TI
| $231K | ﹤0.01% |
21,400
+2,372
| +12% | +$25.6K |
|
2882
Ardmore Shipping
ASC
$728M
| $230K | ﹤0.01% |
27,197
+11,457
| +73% | +$102K |
|
2883
iShares Global Tech ETF
IXN
$9.61B
| $230K | ﹤0.01% |
+13,800
| New | +$213K |
|
2884
American Superconductor
AMSC
$1.43B
| $229K | ﹤0.01% |
30,153
+19,206
| +175% | +$129K |
|
2885
ESCO Technologies
ESE
$7.29B
| $229K | ﹤0.01% |
5,880
-207,555
| -97% | -$7.35M |
|
2886
Kenon Holdings
KEN
$3.58B
| $229K | ﹤0.01% |
28,821
-2,030
| -7% | -$17.2K |
|
|
PVG
2887
DELISTED
PRETIUM RESOURCES INC.
PVG
| $229K | ﹤0.01% |
+42,897
| New | +$212K |
|
|
GCAP
2888
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $229K | ﹤0.01% |
34,885
-39,331
| -53% | -$272K |
|
2889
iShares Core S&P US Value ETF
IUSV
$28B
| $228K | ﹤0.01% |
+5,307
| New | +$216K |
|
2890
State Street SPDR S&P Transportation ETF
XTN
$372M
| $228K | ﹤0.01% |
4,966
-600
| -11% | -$25K |
|
2891
Axogen
AXGN
$2.78B
| $227K | ﹤0.01% |
+42,399
| New | +$215K |
|
2892
Dana Inc
DAN
$3.27B
| $227K | ﹤0.01% |
+16,120
| New | +$201K |
|
2893
Luxfer Holdings
LXFR
$459M
| $227K | ﹤0.01% |
+21,394
| New | +$218K |
|
2894
Provident Financial
PROV
$115M
| $227K | ﹤0.01% |
+13,292
| New | +$235K |
|
2895
Invesco NASDAQ Internet ETF
PNQI
$548M
| $226K | ﹤0.01% |
+14,940
| New | +$215K |
|
2896
Graham Holdings Company
GHC
$4.91B
| $225K | ﹤0.01% |
+469
| New | +$223K |
|
|
WINT
2897
DELISTED
Windtree Therapeutics Inc
WINT
| $225K | ﹤0.01% |
134,509
-99,025
| -42% | -$213K |
|
2898
AppFolio
APPF
$8.19B
| $224K | ﹤0.01% |
+18,268
| New | +$233K |
|
2899
Vodafone
VOD
$36.6B
| $224K | ﹤0.01% |
6,995
-169,129
| -96% | -$5.27M |
|
|
NTG
2900
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
| $223K | ﹤0.01% |
+1,363
| New | +$206K |
|
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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.