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 | |
|---|---|---|---|---|---|---|
|
EXPR
326
DELISTED
Express, Inc.
EXPR
| $38.1M | 0.08% |
110,315
+48,659
| +79% | +$17.5M |
|
|
STI
327
DELISTED
SunTrust Banks, Inc.
STI
| $37.8M | 0.08% |
883,445
-351,477
| -28% | -$14.8M |
|
328
Adobe
ADBE
$109B
| $37.8M | 0.08% |
402,589
+21,939
| +6% | +$1.97M |
|
|
BPFH
329
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $37.8M | 0.08% |
3,331,839
+2,442,059
| +274% | +$28.4M |
|
|
ANDV
330
DELISTED
Andeavor
ANDV
| $37.8M | 0.08% |
358,359
-910,854
| -72% | -$98.2M |
|
331
Labcorp
LH
$27.3B
| $37.7M | 0.08% |
355,074
-75,415
| -18% | -$7.78M |
|
332
TripAdvisor
TRIP
$1.17B
| $37.7M | 0.08% |
442,232
+155,263
| +54% | +$12.5M |
|
333
Sabre
SABR
$848M
| $37.7M | 0.08% |
1,347,679
-173,974
| -11% | -$5.04M |
|
334
Universal Health Services
UHS
$10.4B
| $37.6M | 0.08% |
314,645
-507,362
| -62% | -$62M |
|
335
Magna International
MGA
$19.5B
| $37.2M | 0.08% |
917,851
+391,937
| +75% | +$18.2M |
|
336
Cummins
CMI
$80.9B
| $37.2M | 0.08% |
+422,864
| New | +$42.2M |
|
337
SolarEdge
SEDG
$1.9B
| $37.1M | 0.08% |
1,316,171
+1,296,701
| +6,660% | +$27.8M |
|
|
WFT
338
DELISTED
Weatherford International plc
WFT
| $37M | 0.08% |
4,414,744
-10,509,664
| -70% | -$104M |
|
339
Bruker
BRKR
$9.07B
| $37M | 0.08% |
1,524,880
-525,517
| -26% | -$10.9M |
|
340
A.O. Smith
AOS
$8.57B
| $37M | 0.08% |
966,052
-78,770
| -8% | -$2.97M |
|
|
AXLL
341
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $37M | 0.08% |
2,402,316
+482,161
| +25% | +$8.89M |
|
342
Sarepta Therapeutics
SRPT
$1.98B
| $37M | 0.08% |
958,495
+413,024
| +76% | +$13.4M |
|
|
NRF
343
DELISTED
NorthStar Realty Finance Corp.
NRF
| $36.8M | 0.08% |
2,161,495
+1,714,677
| +384% | +$34.5M |
|
344
Baidu
BIDU
$31.6B
| $36.8M | 0.08% |
194,682
-71,550
| -27% | -$13.2M |
|
|
BRCM
345
DELISTED
BROADCOM CORP CL-A
BRCM
| $36.5M | 0.08% |
631,601
+549,102
| +666% | +$29.6M |
|
|
346
Comcast
CMCSA
$95.3B
| $36.4M | 0.08% |
1,290,156
-14,166,490
| -92% | -$427M |
|
|
NUAN
347
DELISTED
Nuance Communications, Inc.
NUAN
| $36.4M | 0.08% |
2,113,570
+1,239,940
| +142% | +$20.1M |
|
348
McKesson
MCK
$100B
| $36.3M | 0.08% |
183,799
-536,299
| -74% | -$101M |
|
349
Acuity Brands
AYI
$10.3B
| $36.2M | 0.08% |
154,832
+73,366
| +90% | +$15.9M |
|
350
Empire State Realty Trust
ESRT
$834M
| $35.7M | 0.08% |
1,977,346
+819,426
| +71% | +$14.7M |
|
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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.