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 | |
|---|---|---|---|---|---|---|
|
SPR
276
DELISTED
Spirit AeroSystems
SPR
| $34.4M | 0.09% |
759,397
+651,334
| +603% | +$29.7M |
|
|
ITCI
277
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $34.3M | 0.09% |
1,234,030
+285,346
| +30% | +$9.51M |
|
278
Gaming and Leisure Properties
GLPI
$12.7B
| $34.3M | 0.09% |
1,109,328
+763,313
| +221% | +$20.7M |
|
279
VeriSign
VRSN
$25.5B
| $34.2M | 0.09% |
385,840
+278,892
| +261% | +$22.8M |
|
|
PXD
280
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $34.2M | 0.09% |
242,700
+24,000
| +11% | +$2.97M |
|
|
GWB
281
DELISTED
Great Western Bancorp, Inc.
GWB
| $34.1M | 0.09% |
1,249,496
-148,852
| -11% | -$3.82M |
|
|
ENDP
282
DELISTED
Endo International plc
ENDP
| $33.9M | 0.08% |
+1,205,266
| New | +$56.9M |
|
|
AIV
283
Aimco
AIV
$381M
| $33.8M | 0.08% |
6,060,085
-3,762,718
| -38% | -$19.3M |
|
284
Nasdaq
NDAQ
$54.9B
| $33.5M | 0.08% |
1,516,209
+1,403,367
| +1,244% | +$28.9M |
|
|
EXPR
285
DELISTED
Express, Inc.
EXPR
| $33.4M | 0.08% |
77,953
-32,362
| -29% | -$11.6M |
|
286
Wendy's
WEN
$1.72B
| $33.4M | 0.08% |
3,064,346
+1,848,478
| +152% | +$18.3M |
|
287
CVS Health
CVS
$119B
| $33.3M | 0.08% |
320,619
-332,741
| -51% | -$32.4M |
|
|
HR
288
DELISTED
Healthcare Realty Trust Incorporated
HR
| $33.2M | 0.08% |
1,076,115
+273,364
| +34% | +$7.95M |
|
|
CXO
289
DELISTED
CONCHO RESOURCES INC.
CXO
| $33.2M | 0.08% |
328,787
+184,427
| +128% | +$16.9M |
|
290
CALL
Baxter International
BAX
$13.6B
| $32.9M | 0.08% |
+800,000
| New | +$30.5M |
|
|
MHFI
291
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $32.8M | 0.08% |
331,417
+166,542
| +101% | +$14.9M |
|
292
PBF Energy
PBF
$8.72B
| $32.6M | 0.08% |
980,973
-3,157,041
| -76% | -$101M |
|
293
CDW
CDW
$17.2B
| $32.5M | 0.08% |
781,993
-406,503
| -34% | -$15.8M |
|
|
SPN
294
DELISTED
Superior Energy Services, Inc.
SPN
| $32.4M | 0.08% |
241,992
+124,805
| +107% | +$13.6M |
|
295
HUB Group
HUBG
$2.49B
| $32.4M | 0.08% |
1,587,552
-27,718
| -2% | -$480K |
|
|
SWFT
296
DELISTED
Swift Transportation Company
SWFT
| $32.3M | 0.08% |
1,735,189
-2,049,726
| -54% | -$33.2M |
|
297
Northern Trust
NTRS
$33.6B
| $32.1M | 0.08% |
493,060
+462,168
| +1,496% | +$29M |
|
298
Teva Pharmaceuticals
TEVA
$43.5B
| $32.1M | 0.08% |
599,252
-2,401,067
| -80% | -$141M |
|
299
Spectrum Brands
SPB
$2B
| $31.7M | 0.08% |
290,290
+95,104
| +49% | +$9.38M |
|
300
Axalta
AXTA
$7.75B
| $31.7M | 0.08% |
1,085,539
+930,736
| +601% | +$23.7M |
|
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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 $6.85B 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.