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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Southern Company
SO
$102B
| $45.2M | 0.09% |
+965,000
| New | +$43.7M |
|
|
THS
277
DELISTED
Treehouse Foods
THS
| $44.7M | 0.09% |
570,035
+95,713
| +20% | +$7.99M |
|
|
LNKD
278
DELISTED
LinkedIn Corporation
LNKD
| $44.7M | 0.09% |
198,566
+196,667
| +10,356% | +$44.6M |
|
279
Highwoods Properties
HIW
$3.46B
| $44.7M | 0.09% |
1,024,476
-315,850
| -24% | -$13.5M |
|
280
FNB Corp
FNB
$6.6B
| $44.4M | 0.09% |
3,329,359
+2,114,408
| +174% | +$28.9M |
|
|
IBKC
281
DELISTED
IBERIABANK Corp
IBKC
| $44.3M | 0.09% |
803,791
+199,440
| +33% | +$11.9M |
|
282
Martin Marietta Materials
MLM
$32.1B
| $44.1M | 0.09% |
323,010
+302,048
| +1,441% | +$45.8M |
|
283
Micron Technology
MU
$1.09T
| $44M | 0.09% |
3,106,748
-579,832
| -16% | -$9.27M |
|
|
AGN
284
DELISTED
Allergan plc
AGN
| $44M | 0.09% |
140,659
-318,518
| -69% | -$94.8M |
|
285
Allstate
ALL
$64.2B
| $43.8M | 0.09% |
705,941
+337,803
| +92% | +$21M |
|
|
RAI
286
DELISTED
Reynolds American Inc
RAI
| $43.6M | 0.09% |
+945,571
| New | +$43.8M |
|
|
MON
287
DELISTED
Monsanto Co
MON
| $43.6M | 0.09% |
442,741
-1,093,708
| -71% | -$103M |
|
|
288
DuPont de Nemours
DD
$18.7B
| $43.4M | 0.09% |
333,021
-14,156,192
| -98% | -$1.82B |
|
|
WNR
289
DELISTED
Western Refining Inc
WNR
| $42.8M | 0.09% |
1,201,360
+292,432
| +32% | +$12.5M |
|
290
Flotek Industries
FTK
$894M
| $42.3M | 0.09% |
615,778
+221,427
| +56% | +$19M |
|
291
Telephone and Data Systems
TDS
$3.87B
| $42.2M | 0.09% |
1,628,491
+367,238
| +29% | +$10M |
|
292
GE Aerospace
GE
$361B
| $42M | 0.09% |
281,251
-193,005
| -41% | -$27.4M |
|
293
BP
BP
$115B
| $41.8M | 0.09% |
1,587,652
-2,963,840
| -65% | -$84.3M |
|
|
EMC
294
PUT
DELISTED
EMC CORPORATION
EMC
| $41.6M | 0.09% |
+1,620,000
| New | +$42.1M |
|
295
Darden Restaurants
DRI
$25.2B
| $41.6M | 0.09% |
653,437
-16,177
| -2% | -$940K |
|
296
International Paper
IP
$22B
| $41.5M | 0.09% |
1,163,554
+639,771
| +122% | +$24.6M |
|
|
CLVS
297
DELISTED
Clovis Oncology, Inc.
CLVS
| $41.1M | 0.09% |
1,173,873
+876,068
| +294% | +$56.5M |
|
298
CF Industries
CF
$19.6B
| $41.1M | 0.09% |
1,006,405
+357,007
| +55% | +$16.8M |
|
|
UCB
299
United Community Banks
UCB
$4.29B
| $41M | 0.09% |
2,101,223
+203,360
| +11% | +$4.13M |
|
300
Waste Management
WM
$89.6B
| $40.9M | 0.09% |
766,309
+271,899
| +55% | +$14.4M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.