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 | |
|---|---|---|---|---|---|---|
376
DexCom
DXCM
$34.8B
| $34M | 0.07% |
1,659,964
+1,131,056
| +214% | +$23.5M |
|
377
Qorvo
QRVO
$8.43B
| $33.8M | 0.07% |
663,559
-68,771
| -9% | -$3.52M |
|
378
FedEx
FDX
$76.9B
| $33.7M | 0.07% |
226,063
-533,509
| -70% | -$82.5M |
|
379
Starwood Property Trust
STWD
$6.06B
| $33.6M | 0.07% |
1,635,441
+273,383
| +20% | +$5.62M |
|
|
EXAS
380
DELISTED
Exact Sciences
EXAS
| $33.6M | 0.07% |
3,634,958
+3,616,858
| +19,983% | +$33.6M |
|
381
Medtronic
MDT
$119B
| $33.5M | 0.07% |
436,115
-374,254
| -46% | -$28.2M |
|
|
TFCF
382
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $33.5M | 0.07% |
1,229,319
+1,170,447
| +1,988% | +$34.4M |
|
383
W.R. Berkley
WRB
$25.5B
| $33.4M | 0.07% |
2,060,134
+333,670
| +19% | +$5.45M |
|
384
Prudential Financial
PRU
$41.8B
| $33.4M | 0.07% |
410,155
+85,120
| +26% | +$7.04M |
|
|
SPLS
385
DELISTED
Staples Inc
SPLS
| $33.3M | 0.07% |
3,521,471
+1,107,089
| +46% | +$13M |
|
386
ServiceNow
NOW
$133B
| $33.3M | 0.07% |
1,924,960
+938,800
| +95% | +$15.5M |
|
387
Bio-Rad Laboratories Class A
BIO
$10.2B
| $33.2M | 0.07% |
239,425
-207,237
| -46% | -$28.7M |
|
|
HBI
388
DELISTED
Hanesbrands
HBI
| $33.1M | 0.07% |
1,126,038
+1,112,538
| +8,241% | +$33.4M |
|
|
B
389
Barrick Mining
B
$78.3B
| $32.9M | 0.07% |
4,458,505
-1,421,633
| -24% | -$10.6M |
|
390
Acadia Healthcare
ACHC
$2.59B
| $32.7M | 0.07% |
523,506
-221,462
| -30% | -$14.4M |
|
|
ATW
391
DELISTED
Atwood Oceanics
ATW
| $32.6M | 0.07% |
3,184,441
+551,561
| +21% | +$8.44M |
|
|
EE
392
DELISTED
El Paso Electric Company
EE
| $32.6M | 0.07% |
845,829
+26,688
| +3% | +$1.02M |
|
|
VR
393
DELISTED
Validus Hold Ltd
VR
| $32.4M | 0.07% |
700,088
+104,158
| +17% | +$4.74M |
|
394
Pacira BioSciences
PCRX
$983M
| $32.4M | 0.07% |
421,386
-89,713
| -18% | -$5.08M |
|
395
Constellation Brands
STZ
$23.2B
| $32.3M | 0.07% |
226,858
+56,205
| +33% | +$7.74M |
|
396
F5
FFIV
$21.8B
| $32.2M | 0.07% |
332,028
+139,949
| +73% | +$15.1M |
|
|
GRFS
397
Grifois
GRFS
$5.44B
| $32.2M | 0.07% |
1,986,610
+519,386
| +35% | +$8.77M |
|
398
AT&T
T
$173B
| $32M | 0.07% |
1,230,019
-3,965,806
| -76% | -$101M |
|
|
GPT
399
DELISTED
Gramercy Property Trust
GPT
| $32M | 0.07% |
+1,380,126
| New | +$86M |
|
400
General Mills
GIS
$21.4B
| $31.9M | 0.07% |
553,760
+306,893
| +124% | +$17.7M |
|
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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.