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 | |
|---|---|---|---|---|---|---|
|
TRR
3026
DELISTED
Trc Companies
TRR
| $166K | ﹤0.01% |
19,168
-4,195
| -18% | -$30.3K |
|
3027
Primis Financial Corp
FRST
$397M
| $165K | ﹤0.01% |
+12,651
| New | +$161K |
|
3028
Gladstone Capital
GLAD
$446M
| $165K | ﹤0.01% |
+10,150
| New | +$166K |
|
3029
Comtech Telecommunications
CMTL
$52.4M
| $164K | ﹤0.01% |
+12,787
| New | +$168K |
|
3030
Chegg
CHGG
$88.5M
| $162K | ﹤0.01% |
+22,911
| New | +$147K |
|
|
XRM
3031
DELISTED
Xerium Technologies Inc (new)
XRM
| $162K | ﹤0.01% |
20,328
-25,060
| -55% | -$200K |
|
3032
Reading International Class A
RDI
$44.2M
| $161K | ﹤0.01% |
+12,089
| New | +$160K |
|
3033
BlackRock Corporate High Yield Fund
HYT
$1.35B
| $159K | ﹤0.01% |
14,739
-12,130
| -45% | -$130K |
|
3034
RadNet
RDNT
$5.99B
| $158K | ﹤0.01% |
21,401
-17,253
| -45% | -$110K |
|
|
ALIM
3035
DELISTED
Alimera Sciences
ALIM
| $158K | ﹤0.01% |
7,073
-4,534
| -39% | -$104K |
|
3036
Regions Financial
RF
$25.9B
| $157K | ﹤0.01% |
15,899
-6,313,260
| -100% | -$59.1M |
|
3037
Xcel Brands
XELB
$5.44M
| $157K | ﹤0.01% |
3,144
+1,848
| +143% | +$92.6K |
|
|
SCWX
3038
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $157K | ﹤0.01% |
12,580
-70,221
| -85% | -$980K |
|
3039
Digital Turbine
APPS
$1.27B
| $156K | ﹤0.01% |
148,400
-129,179
| -47% | -$150K |
|
3040
Fulton Financial
FULT
$4.51B
| $154K | ﹤0.01% |
+10,627
| New | +$149K |
|
3041
Enphase Energy
ENPH
$4.95B
| $153K | ﹤0.01% |
129,500
-35,905
| -22% | -$63.2K |
|
|
MTEM
3042
DELISTED
Molecular Templates, Inc.
MTEM
| $153K | ﹤0.01% |
1,367
-1,330
| -49% | -$183K |
|
|
RGLS
3043
DELISTED
Regulus Therapeutics
RGLS
| $152K | ﹤0.01% |
+385
| New | +$158K |
|
|
FGP
3044
DELISTED
Ferrellgas Partners, L.P.
FGP
| $151K | ﹤0.01% |
+13,000
| New | +$243K |
|
|
WINT
3045
DELISTED
Windtree Therapeutics Inc
WINT
| $151K | ﹤0.01% |
58,874
-33,586
| -36% | -$73.1K |
|
|
TOUR
3046
Tuniu
TOUR
$52.8M
| $149K | ﹤0.01% |
1,471
-2,527
| -63% | -$237K |
|
|
CYTR
3047
DELISTED
CytRx Corp
CYTR
| $149K | ﹤0.01% |
+42,274
| New | +$194K |
|
|
REXX
3048
DELISTED
Rex Energy Corporation
REXX
| $149K | ﹤0.01% |
25,559
-48,617
| -66% | -$287K |
|
3049
Ericsson
ERIC
$33.6B
| $148K | ﹤0.01% |
+20,494
| New | +$149K |
|
|
AWP
3050
abrdn Global Premier Properties Fund
AWP
$364M
| $147K | ﹤0.01% |
+8,825
| New | +$149K |
|
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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.