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 | |
|---|---|---|---|---|---|---|
|
AL
301
DELISTED
Air Lease Corp
AL
| $31.5M | 0.08% |
980,727
+856,870
| +692% | +$24.3M |
|
302
Enterprise Products Partners
EPD
$82.1B
| $31.4M | 0.08% |
1,276,699
+187,262
| +17% | +$4.36M |
|
303
Whirlpool
WHR
$2.63B
| $31.4M | 0.08% |
174,179
+60,208
| +53% | +$8.97M |
|
304
First Industrial Realty Trust
FR
$8.34B
| $31.4M | 0.08% |
1,380,810
+1,090,921
| +376% | +$23M |
|
305
Louisiana-Pacific
LPX
$5.12B
| $31.1M | 0.08% |
1,818,254
+1,508,709
| +487% | +$23.8M |
|
306
Delta Air Lines
DAL
$54.2B
| $31.1M | 0.08% |
638,062
-321,023
| -33% | -$15M |
|
|
DYN
307
DELISTED
Dynegy, Inc.
DYN
| $31M | 0.08% |
2,159,322
-3,251,225
| -60% | -$37M |
|
|
AVB
308
DELISTED
AvalonBay Communities
AVB
| $31M | 0.08% |
162,864
+11,007
| +7% | +$1.94M |
|
|
AAT
309
American Assets Trust
AAT
$1.4B
| $30.9M | 0.08% |
773,897
-454,090
| -37% | -$16.9M |
|
310
Antero Resources
AR
$11.7B
| $30.8M | 0.08% |
+1,239,266
| New | +$29.8M |
|
|
WBMD
311
DELISTED
WebMD Health Corp.
WBMD
| $30.8M | 0.08% |
491,806
+324,280
| +194% | +$17.4M |
|
312
NVIDIA
NVDA
$5.2T
| $30.7M | 0.08% |
34,460,560
+21,547,280
| +167% | +$16.4M |
|
313
East-West Bancorp
EWBC
$17.8B
| $30.7M | 0.08% |
944,471
+618,002
| +189% | +$20.2M |
|
|
LPT
314
DELISTED
Liberty Property Trust
LPT
| $30.5M | 0.08% |
912,756
-1,335,511
| -59% | -$40.1M |
|
|
PRXL
315
DELISTED
Parexel International Corp
PRXL
| $30.3M | 0.08% |
483,001
-24,915
| -5% | -$1.54M |
|
316
Bath & Body Works
BBWI
$3.92B
| $30.2M | 0.08% |
+424,953
| New | +$30.5M |
|
|
TRCO
317
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $30.2M | 0.08% |
+786,541
| New | +$26.5M |
|
|
GGP
318
DELISTED
GGP Inc.
GGP
| $30.1M | 0.08% |
1,013,962
-270,065
| -21% | -$7.42M |
|
319
Charter Communications
CHTR
$17.9B
| $30.1M | 0.08% |
148,740
+83,120
| +127% | +$14.9M |
|
|
ACHN
320
DELISTED
Achillion Pharmaceuticals
ACHN
| $30.1M | 0.08% |
3,897,065
-983,262
| -20% | -$7.2M |
|
321
Mohawk Industries
MHK
$9.23B
| $30.1M | 0.08% |
157,419
-165,592
| -51% | -$28.8M |
|
322
Graphic Packaging
GPK
$3.54B
| $30M | 0.08% |
2,338,481
-2,361,608
| -50% | -$28.7M |
|
323
Pacific Biosciences
PACB
$420M
| $29.9M | 0.07% |
3,521,027
+3,051,238
| +649% | +$30M |
|
324
Nexstar Media Group
NXST
$5.73B
| $29.8M | 0.07% |
673,262
+291,732
| +76% | +$13.2M |
|
325
CALL
Coty
COTY
$2.41B
| $29.8M | 0.07% |
+1,070,000
| New | +$28M |
|
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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.