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 | |
|---|---|---|---|---|---|---|
|
HPP
426
Hudson Pacific Properties
HPP
$787M
| $29.8M | 0.06% |
151,074
-55,105
| -27% | -$11M |
|
|
MNDT
427
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $29.6M | 0.06% |
1,427,946
+683,008
| +92% | +$17.1M |
|
428
Johnson Controls International
JCI
$86.7B
| $29.4M | 0.06% |
711,648
+435,350
| +158% | +$19.7M |
|
429
Abbott
ABT
$202B
| $29.3M | 0.06% |
652,304
-1,288,296
| -66% | -$56.9M |
|
|
NXTM
430
DELISTED
NxStage Medical Inc.
NXTM
| $29.2M | 0.06% |
1,333,905
+359,666
| +37% | +$6.7M |
|
431
Walt Disney
DIS
$186B
| $29.2M | 0.06% |
+277,588
| New | +$30.9M |
|
432
FMC
FMC
$1.38B
| $29.1M | 0.06% |
857,965
+789,645
| +1,156% | +$27M |
|
|
MRSH
433
Marsh
MRSH
$91.6B
| $28.9M | 0.06% |
+521,111
| New | +$28.7M |
|
434
Stanley Black & Decker
SWK
$15.1B
| $28.9M | 0.06% |
270,625
-440,838
| -62% | -$46.5M |
|
|
FISV
435
Fiserv Inc
FISV
$28B
| $28.7M | 0.06% |
626,632
+618,426
| +7,536% | +$29M |
|
436
Centene
CNC
$32.1B
| $28.6M | 0.06% |
869,176
+284,328
| +49% | +$8.42M |
|
|
EXTN
437
DELISTED
Exterran Corporation
EXTN
| $28.6M | 0.06% |
+1,781,682
| New | +$28.1M |
|
438
Invesco
IVZ
$14.1B
| $28.5M | 0.06% |
852,426
+768,053
| +910% | +$25.2M |
|
439
Wintrust Financial
WTFC
$10.3B
| $28.2M | 0.06% |
581,099
+110,203
| +23% | +$5.62M |
|
440
C.H. Robinson
CHRW
$16.5B
| $28.2M | 0.06% |
454,439
-2,293
| -0.5% | -$154K |
|
441
NetEase
NTES
$82.1B
| $28.1M | 0.06% |
775,890
+106,675
| +16% | +$3.32M |
|
442
Bloomin' Brands
BLMN
$996M
| $28.1M | 0.06% |
1,662,531
-28,767
| -2% | -$499K |
|
443
Ally Financial
ALLY
$13.1B
| $28.1M | 0.06% |
1,505,427
-1,145,306
| -43% | -$22.7M |
|
|
AVB
444
DELISTED
AvalonBay Communities
AVB
| $28M | 0.06% |
151,857
+97,637
| +180% | +$17.5M |
|
445
Enterprise Products Partners
EPD
$82.1B
| $27.9M | 0.06% |
1,089,437
+942,111
| +639% | +$24.5M |
|
446
Gray Television
GTN
$509M
| $27.5M | 0.06% |
1,686,573
+830,755
| +97% | +$13M |
|
|
PXD
447
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $27.4M | 0.06% |
218,700
| – | – |
|
448
Valley National Bancorp
VLY
$7.82B
| $27.4M | 0.06% |
2,779,232
+2,754,599
| +11,183% | +$28.6M |
|
449
CALL
Union Pacific
UNP
$183B
| $27.4M | 0.06% |
+350,000
| New | +$30M |
|
450
CALL
Intuitive Surgical
ISRG
$134B
| $27.3M | 0.06% |
+450,000
| New | +$25.3M |
|
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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.