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 | |
|---|---|---|---|---|---|---|
|
IMS
401
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| $31.5M | 0.05% |
+1,005,572
| New | +$29.4M |
|
402
Digital Realty Trust
DLR
$69.8B
| $31.4M | 0.05% |
+323,432
| New | +$32.9M |
|
403
Deere & Co
DE
$175B
| $31.4M | 0.05% |
367,770
+335,615
| +1,044% | +$27.5M |
|
404
Popular Inc
BPOP
$10.7B
| $31.4M | 0.05% |
820,881
-814,722
| -50% | -$29M |
|
405
GSK
GSK
$104B
| $31.3M | 0.05% |
579,801
+269,347
| +87% | +$14.8M |
|
406
BioMarin Pharmaceuticals
BMRN
$12.6B
| $31.2M | 0.05% |
337,301
+275,632
| +447% | +$26M |
|
|
SPNC
407
DELISTED
Spectranetics Corp
SPNC
| $31M | 0.05% |
1,235,550
-521,079
| -30% | -$12.2M |
|
408
Brookdale Senior Living
BKD
$2.89B
| $30.9M | 0.05% |
1,773,053
-407,528
| -19% | -$7.03M |
|
409
US Foods
USFD
$23.7B
| $30.9M | 0.05% |
1,307,369
-206,096
| -14% | -$5M |
|
410
JB Hunt Transport Services
JBHT
$24.4B
| $30.7M | 0.05% |
378,687
+145,178
| +62% | +$11.9M |
|
411
Boyd Gaming
BYD
$5.89B
| $30.7M | 0.05% |
1,552,619
+403,420
| +35% | +$7.75M |
|
|
LVLT
412
DELISTED
Level 3 Communications Inc
LVLT
| $30.3M | 0.05% |
653,856
-851,911
| -57% | -$43.1M |
|
413
New Jersey Resources
NJR
$5.45B
| $30.2M | 0.05% |
920,529
+606,023
| +193% | +$21.4M |
|
414
Trane Technologies
TT
$99.7B
| $30.1M | 0.05% |
443,001
-819,035
| -65% | -$54.6M |
|
|
PNRA
415
DELISTED
Panera Bread Co
PNRA
| $30.1M | 0.05% |
154,349
+63,784
| +70% | +$13.5M |
|
|
ZLTQ
416
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $30M | 0.05% |
766,066
-192,376
| -20% | -$6.87M |
|
417
Middleby
MIDD
$5.21B
| $30M | 0.05% |
242,891
+47,887
| +25% | +$5.88M |
|
418
Vale
VALE
$64B
| $30M | 0.05% |
+5,445,889
| New | +$29.9M |
|
419
L3Harris
LHX
$48.9B
| $29.9M | 0.05% |
326,615
-76,073
| -19% | -$6.76M |
|
|
AL
420
DELISTED
Air Lease Corp
AL
| $29.9M | 0.05% |
1,045,792
+682,995
| +188% | +$19.4M |
|
421
Kennametal
KMT
$2.23B
| $29.8M | 0.05% |
1,027,329
+490,361
| +91% | +$13M |
|
|
VXX
422
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $29.8M | 0.05% |
+218,750
| New | +$35M |
|
423
Cooper Companies
COO
$14.8B
| $29.7M | 0.05% |
+662,992
| New | +$30.2M |
|
424
Rexford Industrial Realty
REXR
$8.4B
| $29.6M | 0.05% |
1,291,673
+93,257
| +8% | +$2.07M |
|
425
Synopsys
SNPS
$75.5B
| $29.5M | 0.05% |
497,620
+463,057
| +1,340% | +$26.3M |
|
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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.