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 | |
|---|---|---|---|---|---|---|
|
ESRX
426
DELISTED
Express Scripts Holding Company
ESRX
| $29.5M | 0.05% |
418,718
-919,287
| -69% | -$68.7M |
|
|
PEGI
427
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $29.4M | 0.05% |
1,305,730
+309,430
| +31% | +$7.37M |
|
|
MIC
428
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $29.3M | 0.05% |
352,541
-164,620
| -32% | -$13.1M |
|
|
CDK
429
DELISTED
CDK Global, Inc.
CDK
| $29.1M | 0.05% |
507,580
+437,843
| +628% | +$25.2M |
|
|
STOR
430
DELISTED
STORE Capital Corporation
STOR
| $29M | 0.05% |
982,801
-785,725
| -44% | -$23.4M |
|
431
Netflix
NFLX
$333B
| $28.8M | 0.05% |
2,923,400
+2,195,570
| +302% | +$21M |
|
432
Plains GP Holdings
PAGP
$5.4B
| $28.7M | 0.05% |
833,780
+726,335
| +676% | +$21.9M |
|
|
KLXI
433
DELISTED
KLX Inc.
KLXI
| $28.6M | 0.05% |
965,284
+234,767
| +32% | +$6.75M |
|
434
Intuit
INTU
$101B
| $28.6M | 0.05% |
260,238
-506,976
| -66% | -$56.7M |
|
435
SPDR Gold Trust
GLD
$155B
| $28.6M | 0.05% |
227,399
-495,600
| -69% | -$63.1M |
|
436
Voya Financial
VOYA
$8.98B
| $28.6M | 0.05% |
991,342
-1,062,795
| -52% | -$29M |
|
437
SITE Centers
SITC
$161M
| $28.5M | 0.05% |
1,270,239
-790,274
| -38% | -$19M |
|
438
Valvoline
VVV
$4.26B
| $28.3M | 0.05% |
+1,204,816
| New | +$28.4M |
|
|
HAR
439
DELISTED
Harman International Industries
HAR
| $28.3M | 0.05% |
+335,110
| New | +$27.5M |
|
440
Manitowoc
MTW
$710M
| $28.3M | 0.05% |
1,476,596
+1,204,306
| +442% | +$24.3M |
|
441
Urban Outfitters
URBN
$6.51B
| $28.1M | 0.05% |
813,895
+792,268
| +3,663% | +$26M |
|
442
Ares Capital
ARCC
$14.4B
| $28M | 0.05% |
1,809,335
+677,573
| +60% | +$10.4M |
|
443
Vanda Pharmaceuticals
VNDA
$322M
| $28M | 0.05% |
1,681,681
+1,244,770
| +285% | +$16.8M |
|
|
WMGI
444
DELISTED
Wright Medical Group Inc
WMGI
| $27.8M | 0.05% |
1,134,114
-580,859
| -34% | -$13.4M |
|
|
HTZ
445
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $27.8M | 0.05% |
+797,154
| New | +$33.4M |
|
446
Graphic Packaging
GPK
$3.39B
| $27.6M | 0.05% |
1,976,014
+18,332
| +0.9% | +$252K |
|
|
AAT
447
American Assets Trust
AAT
$1.41B
| $27.5M | 0.05% |
632,802
-167,958
| -21% | -$7.44M |
|
448
Radian Group
RDN
$4.86B
| $27.4M | 0.05% |
2,025,064
+1,221,312
| +152% | +$15.8M |
|
449
Hecla Mining
HL
$13.7B
| $27.4M | 0.05% |
4,802,942
+3,676,995
| +327% | +$22.5M |
|
|
FNSR
450
DELISTED
Finisar Corp
FNSR
| $27.3M | 0.05% |
915,221
-43,536
| -5% | -$952K |
|
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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.