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 | |
|---|---|---|---|---|---|---|
|
PPLI
301
People Inc
PPLI
$2.86B
| $40.8M | 0.09% |
3,801,369
+1,873,326
| +97% | +$21.7M |
|
|
QVCGA
302
DELISTED
QVC Group Inc Series A
QVCGA
| $40.7M | 0.09% |
30,690
+29,253
| +2,036% | +$38.3M |
|
|
GWB
303
DELISTED
Great Western Bancorp, Inc.
GWB
| $40.6M | 0.09% |
1,398,348
+77,913
| +6% | +$2.22M |
|
304
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $40.5M | 0.09% |
1,891,616
-712,628
| -27% | -$15.3M |
|
|
AMAG
305
DELISTED
AMAG Pharmaceuticals
AMAG
| $40.5M | 0.09% |
1,340,237
+684,562
| +104% | +$22.1M |
|
|
BDN
306
Brandywine Realty Trust
BDN
$522M
| $40.2M | 0.08% |
2,944,822
-480,685
| -14% | -$6.35M |
|
|
BWLD
307
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $40.2M | 0.08% |
251,683
+246,683
| +4,934% | +$41.1M |
|
|
CPE
308
DELISTED
Callon Petroleum Company
CPE
| $39.9M | 0.08% |
478,094
+473,271
| +9,813% | +$41.3M |
|
|
BMR
309
DELISTED
BIOMED REALTY TRUST INC
BMR
| $39.9M | 0.08% |
+1,682,791
| New | +$39.1M |
|
310
Liberty Global Class C
LBTYK
$3.55B
| $39.6M | 0.08% |
1,120,276
+899,203
| +407% | +$32.4M |
|
|
SHPG
311
DELISTED
Shire pic
SHPG
| $39.6M | 0.08% |
193,158
-279,726
| -59% | -$58.1M |
|
312
CALL
BP
BP
$115B
| $39.5M | 0.08% |
1,503,686
| – | – |
|
313
Monster Beverage
MNST
$93.6B
| $39.5M | 0.08% |
3,180,240
-2,565,276
| -45% | -$31M |
|
314
Rio Tinto
RIO
$171B
| $39.4M | 0.08% |
1,354,626
+578,491
| +75% | +$19.6M |
|
315
American International
AIG
$39.8B
| $39.3M | 0.08% |
634,627
+334,007
| +111% | +$20.4M |
|
316
Eaton
ETN
$163B
| $39.3M | 0.08% |
754,686
+722,153
| +2,220% | +$39.1M |
|
317
D.R. Horton
DHI
$41.5B
| $39.2M | 0.08% |
1,224,933
+555,610
| +83% | +$17.3M |
|
318
Alibaba
BABA
$286B
| $39.1M | 0.08% |
481,203
-227,800
| -32% | -$17.9M |
|
319
Texas Instruments
TXN
$241B
| $38.7M | 0.08% |
706,845
+669,445
| +1,790% | +$37.4M |
|
320
Avista
AVA
$3.15B
| $38.6M | 0.08% |
1,090,940
+728,511
| +201% | +$25M |
|
|
SWN
321
DELISTED
Southwestern Energy Company
SWN
| $38.4M | 0.08% |
5,399,503
-3,955,830
| -42% | -$38.8M |
|
322
Air Products & Chemicals
APD
$67.9B
| $38.3M | 0.08% |
318,476
-232,545
| -42% | -$29.3M |
|
|
RAX
323
DELISTED
Rackspace Hosting Inc
RAX
| $38.2M | 0.08% |
1,509,762
-95,768
| -6% | -$2.54M |
|
324
SBA Communications
SBAC
$19.4B
| $38.2M | 0.08% |
363,782
-1,209,323
| -77% | -$131M |
|
|
DFS
325
DELISTED
Discover Financial Services
DFS
| $38.2M | 0.08% |
712,552
-1,618,936
| -69% | -$89.8M |
|
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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.