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 |
Procter & Gamble
PG
|
+$6.23B |
| 2 |
Coty
COTY
|
+$1.43B |
| 3 |
Microsoft
MSFT
|
+$237M |
| 4 |
GXP
Great Plains Energy Incorporated
GXP
|
+$199M |
| 5 |
eBay
EBAY
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$266M |
| 2 |
NextEra Energy
NEE
|
+$198M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$179M |
| 4 |
Exelon
EXC
|
+$150M |
| 5 |
Salesforce
CRM
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 17.22% |
| 2 | Healthcare | 10.7% |
| 3 | Energy | 9.08% |
| 4 | Technology | 8.88% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Pfizer
PFE
$159B
| $46.8M | 0.08% |
1,454,977
-81,241
| -5% | -$2.72M |
|
277
Northern Trust
NTRS
$34.2B
| $46.2M | 0.08% |
679,479
-239,279
| -26% | -$16.3M |
|
278
Labcorp
LH
$27.5B
| $45.8M | 0.08% |
387,834
-362,881
| -48% | -$42.8M |
|
279
Affiliated Managers Group
AMG
$9.28B
| $45.8M | 0.08% |
316,451
+73,816
| +30% | +$10.6M |
|
|
280
CALL
Coty
COTY
$2.46B
| $45.1M | 0.08% |
1,920,000
-280,000
| -13% | -$7.4M |
|
281
VanEck Junior Gold Miners ETF
GDXJ
$9.83B
| $45.1M | 0.08% |
+1,017,954
| New | +$48.2M |
|
|
SINA
282
DELISTED
Sina Corp
SINA
| $44.6M | 0.07% |
603,945
+522,937
| +646% | +$34.6M |
|
283
LyondellBasell Industries
LYB
$21.1B
| $44.5M | 0.07% |
551,444
+215,617
| +64% | +$16.7M |
|
|
STMP
284
DELISTED
Stamps.com, Inc.
STMP
| $44.5M | 0.07% |
470,519
+414,509
| +740% | +$35.9M |
|
|
BLUE
285
DELISTED
bluebird bio
BLUE
| $44.3M | 0.07% |
50,423
+33,582
| +199% | +$24.3M |
|
286
Marvell Technology
MRVL
$206B
| $44.1M | 0.07% |
3,321,817
+2,851,231
| +606% | +$33.5M |
|
287
Celanese
CE
$4.97B
| $44.1M | 0.07% |
662,209
-94,524
| -12% | -$6.18M |
|
288
Southern Company
SO
$104B
| $43.8M | 0.07% |
854,694
-706,487
| -45% | -$37.2M |
|
|
PARA
289
CALL
DELISTED
Paramount Global Class B
PARA
| $43.8M | 0.07% |
+800,000
| New | +$42.4M |
|
|
BCR
290
CALL
DELISTED
CR Bard Inc.
BCR
| $43.7M | 0.07% |
195,000
+145,000
| +290% | +$32.6M |
|
291
FerroAtlántica
GSM
$757M
| $43.7M | 0.07% |
4,835,792
-234,535
| -5% | -$2.09M |
|
292
Enterprise Products Partners
EPD
$82.8B
| $43.6M | 0.07% |
1,577,914
-2,919
| -0.2% | -$80.6K |
|
293
Aramark
ARMK
$15.6B
| $43.5M | 0.07% |
1,583,757
-535,757
| -25% | -$14.2M |
|
294
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $43M | 0.07% |
1,075,410
+328,546
| +44% | +$13.2M |
|
|
UCB
295
United Community Banks
UCB
$4.27B
| $43M | 0.07% |
2,046,068
-758,923
| -27% | -$15.1M |
|
296
DTE Energy
DTE
$28.2B
| $42.6M | 0.07% |
+534,853
| New | +$43.6M |
|
297
American Tower
AMT
$83.1B
| $42.6M | 0.07% |
376,014
+229,721
| +157% | +$26.3M |
|
|
BECN
298
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $42.3M | 0.07% |
1,004,326
-84,757
| -8% | -$3.85M |
|
|
CADE
299
DELISTED
Cadence Bank
CADE
| $42.2M | 0.07% |
1,817,816
+464,237
| +34% | +$11M |
|
300
Dycom Industries
DY
$11.4B
| $42.1M | 0.07% |
515,226
+414,720
| +413% | +$36.6M |
|
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Israel Englander's Q3 2016 Portfolio in Review
As of Q3 2016, Israel Englander held 3,956 positions worth $59.6B, up 37% from $43.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Israel Englander deployed $13.4B of net new capital in Q3 2016, opening 826 new positions and adding to 1,153 existing holdings. Its largest new stake was Edison International: 1,171,827 shares worth $84.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 17% of assets, up from 6.3% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was NextEra Energy, an estimated $198M trimmed.
- Israel Englander's largest Q3 2016 buy was Edison International: 1,171,827 shares worth $84.7M.
- Israel Englander added most to Procter & Gamble in Q3 2016, an estimated $6.23B increase.
- Israel Englander's biggest Q3 2016 reduction was NextEra Energy, cutting an estimated $198M.
- Israel Englander fully exited Charter Communications in Q3 2016, selling an estimated $266M.
- Israel Englander's ten largest holdings make up 24% of its $59.6B portfolio in Q3 2016.
- Israel Englander opened 826 new positions and closed 723 in Q3 2016.
- Israel Englander's portfolio value rose 37% quarter-over-quarter to $59.6B.
Based on Millennium Management's 13F filing for Q3 2016, filed 14 Nov 2016.