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 | |
|---|---|---|---|---|---|---|
|
ODP
3001
CALL
DELISTED
ODP
ODP
| $179K | ﹤0.01% |
5,000
| – | – |
|
|
FENX
3002
DELISTED
Fenix Parts, Inc.
FENX
| $178K | ﹤0.01% |
45,000
-14,786
| -25% | -$62.6K |
|
|
EHIC
3003
DELISTED
eHi Car Services Limited
EHIC
| $177K | ﹤0.01% |
17,301
-10,299
| -37% | -$109K |
|
3004
Prospect Capital
PSEC
$1.2B
| $176K | ﹤0.01% |
+21,701
| New | +$179K |
|
3005
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.73B
| $175K | ﹤0.01% |
+22,156
| New | +$177K |
|
|
IMDZ
3006
DELISTED
Immune Design Corp.
IMDZ
| $175K | ﹤0.01% |
23,039
-24,896
| -52% | -$182K |
|
|
EARN
3007
Ellington Residential Mortgage REIT
EARN
$166M
| $174K | ﹤0.01% |
+13,400
| New | +$182K |
|
|
AXU
3008
DELISTED
Alexco Resource Corp
AXU
| $174K | ﹤0.01% |
+97,659
| New | +$189K |
|
3009
AXT Inc
AXTI
$4.42B
| $172K | ﹤0.01% |
+33,224
| New | +$134K |
|
|
ATYR
3010
aTyr Pharma
ATYR
$54.4M
| $172K | ﹤0.01% |
3,871
+339
| +10% | +$14.6K |
|
|
GARS
3011
DELISTED
Garrison Capital Inc.
GARS
| $172K | ﹤0.01% |
17,000
-6,565
| -28% | -$68.4K |
|
3012
Sprott Physical Gold and Silver Trust
CEF
$8.31B
| $171K | ﹤0.01% |
12,379
-5,060
| -29% | -$71.5K |
|
3013
Safe Bulkers
SB
$886M
| $171K | ﹤0.01% |
121,000
-76,609
| -39% | -$99.2K |
|
|
CEM
3014
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
| $171K | ﹤0.01% |
2,095
-709
| -25% | -$56.6K |
|
|
BHBK
3015
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $171K | ﹤0.01% |
11,387
-97,724
| -90% | -$1.42M |
|
3016
Cohu
COHU
$2.42B
| $170K | ﹤0.01% |
14,445
-27,047
| -65% | -$299K |
|
3017
Stride
LRN
$3.51B
| $170K | ﹤0.01% |
11,847
-104,027
| -90% | -$1.33M |
|
3018
TechTarget
TTGT
$276M
| $170K | ﹤0.01% |
21,102
-13,415
| -39% | -$112K |
|
3019
BGSF Inc
BGSF
$57.6M
| $169K | ﹤0.01% |
10,938
-7,788
| -42% | -$144K |
|
|
MAG
3020
DELISTED
MAG Silver
MAG
| $169K | ﹤0.01% |
+11,178
| New | +$176K |
|
|
AT
3021
DELISTED
Atlantic Power Corporation
AT
| $168K | ﹤0.01% |
68,129
-29,693
| -30% | -$74.8K |
|
3022
Constellium
CSTM
$3.66B
| $167K | ﹤0.01% |
23,201
-4,199
| -15% | -$25.1K |
|
|
AVTA
3023
DELISTED
Avantax, Inc. Common Stock
AVTA
| $167K | ﹤0.01% |
14,899
-222,691
| -94% | -$2.47M |
|
3024
OFS Capital
OFS
$48.5M
| $166K | ﹤0.01% |
+12,744
| New | +$173K |
|
|
RNDB
3025
DELISTED
Randolph Bancorp, Inc. Common Stock
RNDB
| $166K | ﹤0.01% |
+12,154
| New | +$156K |
|
Similar funds
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.