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 |
Amazon
AMZN
|
+$278M |
| 2 |
Charter Communications
CHTR
|
+$218M |
| 3 |
Exelon
EXC
|
+$197M |
| 4 |
Halliburton
HAL
|
+$192M |
| 5 |
AET
Aetna Inc
AET
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$241M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$235M |
| 3 |
Expedia Group
EXPE
|
+$188M |
| 4 |
AT&T
T
|
+$181M |
| 5 |
WR
Westar Energy Inc
WR
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.7% |
| 2 | Energy | 10.37% |
| 3 | Financials | 9.65% |
| 4 | Technology | 8.63% |
| 5 | Industrials | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3401
PUT
Medtronic
MDT
$119B
| – | – |
-100,000
| Closed | -$7.5M |
|
3402
MDU Resources
MDU
$4.2B
| – | – |
-740,741
| Closed | -$5.48M |
|
3403
CALL
Methanex
MEOH
$4.57B
| – | – |
-50,000
| Closed | -$1.61M |
|
|
3404
Methanex
MEOH
$4.57B
| – | – |
-117,579
| Closed | -$3.76M |
|
3405
MetLife
MET
$61.1B
| – | – |
-275,055
| Closed | -$10.8M |
|
3406
PUT
Meta Platforms (Facebook)
META
$1.42T
| – | – |
-100,000
| Closed | -$11.4M |
|
3407
MidCap Financial Investment
MFIC
$801M
| – | – |
-106,758
| Closed | -$1.78M |
|
3408
CALL
Martin Marietta Materials
MLM
$32B
| – | – |
-30,000
| Closed | -$4.79M |
|
3409
Milestone Scientific
MLSS
$42M
| – | – |
-27,899
| Closed | -$42K |
|
3410
PUT
3M
MMM
$92.3B
| – | – |
-39,468
| Closed | -$5.5M |
|
3411
MediciNova
MNOV
$75.3M
| – | – |
-43,262
| Closed | -$318K |
|
|
MOMO
3412
Hello Group
MOMO
$841M
| – | – |
-23,674
| Closed | -$266K |
|
3413
CALL
The Mosaic Company
MOS
$7.63B
| – | – |
-100,000
| Closed | -$2.7M |
|
3414
Movado Group
MOV
$772M
| – | – |
-156,176
| Closed | -$4.3M |
|
3415
Mercury Systems
MRCY
$5.38B
| – | – |
-176,611
| Closed | -$3.58M |
|
3416
Marten Transport
MRTN
$1.2B
| – | – |
-121,595
| Closed | -$911K |
|
3417
Mine Safety
MSA
$7.29B
| – | – |
-57,913
| Closed | -$2.8M |
|
|
MSB
3418
Mesabi Trust
MSB
$305M
| – | – |
-19,297
| Closed | -$116K |
|
3419
CALL
ArcelorMittal
MT
$54.8B
| – | – |
-33,333
| Closed | -$458K |
|
3420
Match Group
MTCH
$9.58B
| – | – |
-586,488
| Closed | -$6.49M |
|
3421
MasTec
MTZ
$20.5B
| – | – |
-147,058
| Closed | -$2.98M |
|
3422
Nathan's Famous
NATH
$401M
| – | – |
-6,390
| Closed | -$279K |
|
3423
NBT Bancorp
NBTB
$2.7B
| – | – |
-16,226
| Closed | -$437K |
|
3424
CALL
Newmont
NEM
$139B
| – | – |
-165,000
| Closed | -$4.39M |
|
3425
National Healthcare
NHC
$3.58B
| – | – |
-29,867
| Closed | -$1.86M |
|
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Israel Englander's Q2 2016 Portfolio in Review
As of Q2 2016, Israel Englander held 3,988 positions worth $43.7B, up 9.2% from $40B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $1.99B of net new capital in Q2 2016, opening 776 new positions and adding to 1,172 existing holdings. Its largest new stake was Amazon: 8,232,420 shares worth $295M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Yahoo Inc, an estimated $241M trimmed.
- Israel Englander's largest Q2 2016 buy was Amazon: 8,232,420 shares worth $295M.
- Israel Englander added most to Charter Communications in Q2 2016, an estimated $218M increase.
- Israel Englander's biggest Q2 2016 reduction was Yahoo Inc, cutting an estimated $241M.
- Israel Englander fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $108M.
- Israel Englander's ten largest holdings make up 11% of its $43.7B portfolio in Q2 2016.
- Israel Englander opened 776 new positions and closed 860 in Q2 2016.
- Israel Englander's portfolio value rose 9.2% quarter-over-quarter to $43.7B.
Based on Millennium Management's 13F filing for Q2 2016, filed 15 Aug 2016.