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 | |
|---|---|---|---|---|---|---|
|
SBNY
351
DELISTED
Signature Bank
SBNY
| $27.7M | 0.07% |
+203,210
| New | +$27.7M |
|
352
Norfolk Southern
NSC
$78.8B
| $27.6M | 0.07% |
331,875
-512,476
| -61% | -$38.7M |
|
|
GPT
353
DELISTED
Gramercy Property Trust
GPT
| $27.6M | 0.07% |
1,087,190
-292,936
| -21% | -$6.58M |
|
|
EA
354
DELISTED
Electronic Arts
EA
| $27.5M | 0.07% |
+416,480
| New | +$26.6M |
|
|
ETP
355
DELISTED
Energy Transfer Partners L.p.
ETP
| $27.5M | 0.07% |
850,386
-847,739
| -50% | -$23.6M |
|
356
Sally Beauty Holdings
SBH
$1.55B
| $27.5M | 0.07% |
847,786
-1,638,444
| -66% | -$48.6M |
|
357
Ulta Beauty
ULTA
$22.4B
| $27.4M | 0.07% |
141,655
+20,857
| +17% | +$3.63M |
|
358
MSC Industrial Direct
MSM
$6.69B
| $27.4M | 0.07% |
358,744
+112,439
| +46% | +$7.53M |
|
359
Avery Dennison
AVY
$13.9B
| $27.2M | 0.07% |
377,641
+298,592
| +378% | +$19.3M |
|
|
BPFH
360
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $26.9M | 0.07% |
2,345,560
-986,279
| -30% | -$10.4M |
|
361
Kohl's
KSS
$2B
| $26.8M | 0.07% |
575,817
+551,661
| +2,284% | +$25.9M |
|
362
Yum! Brands
YUM
$41.8B
| $26.8M | 0.07% |
455,594
-1,125,115
| -71% | -$59M |
|
363
T-Mobile US
TMUS
$196B
| $26.8M | 0.07% |
699,651
-2,037,084
| -74% | -$76.9M |
|
|
ARRS
364
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $26.7M | 0.07% |
1,166,511
-449,130
| -28% | -$11M |
|
365
Mattel
MAT
$4.15B
| $26.7M | 0.07% |
794,956
+429,582
| +118% | +$13.1M |
|
366
NNN REIT
NNN
$8.8B
| $26.7M | 0.07% |
578,099
-964,007
| -63% | -$41.9M |
|
|
CAM
367
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $26.6M | 0.07% |
396,986
-80
| -0% | -$5.14K |
|
|
RDC
368
DELISTED
Rowan Companies Plc
RDC
| $26.5M | 0.07% |
+1,646,600
| New | +$22.8M |
|
|
DOC
369
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $26.5M | 0.07% |
1,425,118
-407,645
| -22% | -$7.03M |
|
|
ACAS
370
DELISTED
American Capital Ltd
ACAS
| $26.3M | 0.07% |
1,727,420
-774,492
| -31% | -$10.8M |
|
371
Old Republic International
ORI
$10B
| $26.3M | 0.07% |
1,438,415
+560,274
| +64% | +$10.1M |
|
372
Masco
MAS
$14.5B
| $26.3M | 0.07% |
835,011
-4,144,869
| -83% | -$114M |
|
373
Allegion
ALLE
$13.8B
| $26.1M | 0.07% |
409,771
+229,789
| +128% | +$14M |
|
374
Voya Financial
VOYA
$8.86B
| $26.1M | 0.07% |
876,804
-697,116
| -44% | -$21.1M |
|
375
IQVIA
IQV
$42.8B
| $26.1M | 0.07% |
400,916
+13,858
| +4% | +$877K |
|
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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.