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 |
Procter & Gamble
PG
|
+$6.23B |
| 2 |
Coty
COTY
|
+$1.43B |
| 3 |
Microsoft
MSFT
|
+$237M |
| 4 |
GXP
Great Plains Energy Incorporated
GXP
|
+$199M |
| 5 |
eBay
EBAY
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$266M |
| 2 |
NextEra Energy
NEE
|
+$198M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$179M |
| 4 |
Exelon
EXC
|
+$150M |
| 5 |
Salesforce
CRM
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 17.22% |
| 2 | Healthcare | 10.7% |
| 3 | Energy | 9.08% |
| 4 | Technology | 8.88% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SUM
351
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $35.5M | 0.06% |
1,996,931
+1,484,500
| +290% | +$28.7M |
|
352
Nasdaq
NDAQ
$55.2B
| $35.5M | 0.06% |
1,576,359
+772,953
| +96% | +$17.9M |
|
353
CF Industries
CF
$19.6B
| $35.4M | 0.06% |
1,452,650
+410,051
| +39% | +$10M |
|
|
GAP
354
The Gap Inc
GAP
$7.33B
| $35.3M | 0.06% |
1,588,246
+967,903
| +156% | +$23.4M |
|
|
SYT
355
DELISTED
Syngenta Ag
SYT
| $35.3M | 0.06% |
402,569
-72,290
| -15% | -$5.96M |
|
|
ATVI
356
DELISTED
Activision Blizzard
ATVI
| $35M | 0.06% |
789,915
-843,815
| -52% | -$35.3M |
|
357
Comcast
CMCSA
$95.9B
| $34.8M | 0.06% |
1,048,674
+290,510
| +38% | +$9.67M |
|
|
FMBI
358
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $34.7M | 0.06% |
1,793,992
+573,489
| +47% | +$10.8M |
|
359
F5
FFIV
$21.5B
| $34.7M | 0.06% |
278,427
+240,829
| +641% | +$29.2M |
|
360
Northrop Grumman
NOC
$78B
| $34.6M | 0.06% |
161,940
+55,527
| +52% | +$12M |
|
361
Myriad Genetics
MYGN
$292M
| $34.6M | 0.06% |
1,678,926
+876,877
| +109% | +$22.2M |
|
|
VISN
362
Vistance Networks Inc
VISN
$2.5B
| $34.5M | 0.06% |
1,146,723
+291,347
| +34% | +$8.79M |
|
363
Cintas
CTAS
$83B
| $34.5M | 0.06% |
+1,225,820
| New | +$33.6M |
|
364
Allegion
ALLE
$13.8B
| $34.2M | 0.06% |
496,979
+479,713
| +2,778% | +$33.8M |
|
|
GRA
365
DELISTED
W.R. Grace & Co.
GRA
| $34M | 0.06% |
460,773
-281,481
| -38% | -$21.2M |
|
366
Martin Marietta Materials
MLM
$32B
| $34M | 0.06% |
189,832
+184,694
| +3,595% | +$35.3M |
|
367
SLB Ltd
SLB
$80.1B
| $34M | 0.06% |
432,166
+429,117
| +14,074% | +$34.1M |
|
|
GRFS
368
Grifois
GRFS
$5.44B
| $33.8M | 0.06% |
2,113,916
-943,999
| -31% | -$15.5M |
|
369
Vipshop
VIPS
$6.88B
| $33.7M | 0.06% |
+2,296,345
| New | +$32.3M |
|
370
Workday
WDAY
$49.2B
| $33.7M | 0.06% |
+367,115
| New | +$30.6M |
|
371
KBR
KBR
$4.75B
| $33.6M | 0.06% |
2,221,676
+300,108
| +16% | +$4.42M |
|
|
EE
372
DELISTED
El Paso Electric Company
EE
| $33.5M | 0.06% |
715,305
-143,015
| -17% | -$6.67M |
|
373
Lumen
LUMN
$5.85B
| $33.4M | 0.06% |
1,217,605
+653,399
| +116% | +$19.1M |
|
374
Nexstar Media Group
NXST
$5.74B
| $33.4M | 0.06% |
578,200
-5,559
| -1% | -$293K |
|
375
ExxonMobil
XOM
$675B
| $33.4M | 0.06% |
+382,284
| New | +$33.9M |
|
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Israel Englander's Q3 2016 Portfolio in Review
As of Q3 2016, Israel Englander held 3,956 positions worth $59.6B, up 37% from $43.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Israel Englander deployed $13.4B of net new capital in Q3 2016, opening 826 new positions and adding to 1,153 existing holdings. Its largest new stake was Edison International: 1,171,827 shares worth $84.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 17% of assets, up from 6.3% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was NextEra Energy, an estimated $198M trimmed.
- Israel Englander's largest Q3 2016 buy was Edison International: 1,171,827 shares worth $84.7M.
- Israel Englander added most to Procter & Gamble in Q3 2016, an estimated $6.23B increase.
- Israel Englander's biggest Q3 2016 reduction was NextEra Energy, cutting an estimated $198M.
- Israel Englander fully exited Charter Communications in Q3 2016, selling an estimated $266M.
- Israel Englander's ten largest holdings make up 24% of its $59.6B portfolio in Q3 2016.
- Israel Englander opened 826 new positions and closed 723 in Q3 2016.
- Israel Englander's portfolio value rose 37% quarter-over-quarter to $59.6B.
Based on Millennium Management's 13F filing for Q3 2016, filed 14 Nov 2016.