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 | |
|---|---|---|---|---|---|---|
|
ILG
376
DELISTED
ILG, Inc Common Stock
ILG
| $33.3M | 0.06% |
1,938,049
+1,645,326
| +562% | +$28.4M |
|
377
Sysco
SYY
$40.1B
| $33.3M | 0.06% |
678,771
+200,945
| +42% | +$10.3M |
|
|
SAGE
378
DELISTED
Sage Therapeutics
SAGE
| $33.3M | 0.06% |
722,392
+6,856
| +1% | +$279K |
|
|
LSI
379
DELISTED
Life Storage, Inc.
LSI
| $33.2M | 0.06% |
560,318
-231,691
| -29% | -$14.8M |
|
|
VTLE
380
DELISTED
Vital Energy
VTLE
| $33.1M | 0.06% |
128,372
+75,950
| +145% | +$17.3M |
|
381
Quanta Services
PWR
$92.7B
| $33.1M | 0.06% |
1,180,797
+540,780
| +84% | +$13.8M |
|
|
BERY
382
DELISTED
Berry Global Group, Inc.
BERY
| $33M | 0.06% |
820,151
+288,700
| +54% | +$11.3M |
|
383
Incyte
INCY
$25.9B
| $32.8M | 0.06% |
348,171
-138,426
| -28% | -$11.7M |
|
|
AMSG
384
DELISTED
Amsurg Corp
AMSG
| $32.7M | 0.05% |
488,416
+372,923
| +323% | +$26.1M |
|
385
Yum! Brands
YUM
$42.9B
| $32.6M | 0.05% |
498,984
-132,910
| -21% | -$8.48M |
|
386
Phillips 66
PSX
$96.5B
| $32.5M | 0.05% |
402,862
+141,884
| +54% | +$11M |
|
|
RHT
387
CALL
DELISTED
Red Hat Inc
RHT
| $32.3M | 0.05% |
+400,000
| New | +$29.8M |
|
388
Ametek
AME
$55.6B
| $32.2M | 0.05% |
674,627
+554,853
| +463% | +$26.4M |
|
389
RH
RH
$2.71B
| $32.1M | 0.05% |
+929,527
| New | +$29.6M |
|
390
Alcoa
AA
$13B
| $32.1M | 0.05% |
+1,317,241
| New | +$32.1M |
|
391
First Industrial Realty Trust
FR
$8.41B
| $32M | 0.05% |
1,134,713
-707,816
| -38% | -$20.2M |
|
392
MaxLinear
MXL
$5.69B
| $32M | 0.05% |
1,577,900
+1,063,269
| +207% | +$20.9M |
|
393
Wabtec
WAB
$50.3B
| $31.9M | 0.05% |
391,150
-115,004
| -23% | -$8.44M |
|
394
Fortinet
FTNT
$112B
| $31.9M | 0.05% |
4,313,340
+4,014,760
| +1,345% | +$28.1M |
|
395
JetBlue
JBLU
$1.87B
| $31.9M | 0.05% |
1,847,785
-2,478,450
| -57% | -$42.4M |
|
|
TPH
396
DELISTED
Tri Pointe Homes
TPH
| $31.8M | 0.05% |
2,413,464
+971,205
| +67% | +$12.8M |
|
397
First American
FAF
$7.38B
| $31.7M | 0.05% |
806,942
-136,072
| -14% | -$5.65M |
|
398
Nike
NKE
$60.5B
| $31.7M | 0.05% |
601,645
-168,946
| -22% | -$9.54M |
|
399
Philip Morris
PM
$298B
| $31.6M | 0.05% |
324,926
+111,256
| +52% | +$11.1M |
|
400
Allstate
ALL
$65.8B
| $31.5M | 0.05% |
455,644
-92,028
| -17% | -$6.34M |
|
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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.