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 | |
|---|---|---|---|---|---|---|
3301
Copa Holdings
CPA
$6.05B
| – | – |
-40,977
| Closed | -$1.98M |
|
3302
Chesapeake Utilities
CPK
$3.25B
| – | – |
-30,706
| Closed | -$1.74M |
|
3303
Cumberland Pharmaceuticals
CPIX
$131M
| – | – |
-614,092
| Closed | -$3.23M |
|
3304
Copart
CPRT
$30.7B
| – | – |
-980,880
| Closed | -$4.66M |
|
|
3305
PUT
Copart
CPRT
$30.7B
| – | – |
-1,600,000
| Closed | -$7.6M |
|
3306
PUT
Cheniere Energy
CQP
$32.7B
| – | – |
-50,000
| Closed | -$1.3M |
|
3307
Corbus Pharmaceuticals
CRBP
$218M
| – | – |
-374
| Closed | -$19K |
|
3308
Crawford & Co Class B
CRD.B
$570M
| – | – |
-11,585
| Closed | -$62K |
|
3309
CorMedix
CRMD
$660M
| – | – |
-12,064
| Closed | -$122K |
|
3310
Carpenter Technology
CRS
$24.2B
| – | – |
-224,087
| Closed | -$6.78M |
|
3311
CALL
Cintas
CTAS
$81.9B
| – | – |
-200,000
| Closed | -$4.55M |
|
|
3312
Cintas
CTAS
$81.9B
| – | – |
-273,208
| Closed | -$6.22M |
|
3313
CALL
CSX Corp
CSX
$94.9B
| – | – |
-150,000
| Closed | -$1.3M |
|
|
CTRA
3314
DELISTED
Coterra Energy
CTRA
| – | – |
-597,189
| Closed | -$12M |
|
3315
CTS Corp
CTS
$1.63B
| – | – |
-24,197
| Closed | -$427K |
|
3316
Cognizant
CTSH
$27.7B
| – | – |
-440,027
| Closed | -$26.4M |
|
|
CUK
3317
DELISTED
Carnival PLC
CUK
| – | – |
-89,842
| Closed | -$5.11M |
|
3318
Culp Inc
CULP
$43.5M
| – | – |
-27,463
| Closed | -$699K |
|
3319
CVB Financial
CVBF
$3.92B
| – | – |
-59,520
| Closed | -$1.01M |
|
3320
Commercial Vehicle Group
CVGI
$125M
| – | – |
-179,395
| Closed | -$495K |
|
3321
CVR Energy
CVI
$3.8B
| – | – |
-111,739
| Closed | -$4.4M |
|
3322
California Water Service
CWT
$3.13B
| – | – |
-88,073
| Closed | -$2.05M |
|
|
CYBR
3323
DELISTED
CyberArk
CYBR
| – | – |
-80,104
| Closed | -$3.62M |
|
3324
PUT
Delta Air Lines
DAL
$55.3B
| – | – |
-50,000
| Closed | -$2.54M |
|
3325
Donaldson
DCI
$11B
| – | – |
-546,222
| Closed | -$15.7M |
|
Similar funds
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.