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 | |
|---|---|---|---|---|---|---|
451
SM Energy
SM
$8.85B
| $27.3M | 0.06% |
1,387,769
-568,852
| -29% | -$17.3M |
|
452
AptarGroup
ATR
$8.57B
| $27.3M | 0.06% |
375,225
+239,471
| +176% | +$17.3M |
|
453
Hope Bancorp
HOPE
$1.78B
| $27.2M | 0.06% |
+1,581,748
| New | +$27.2M |
|
454
Teekay Tankers
TNK
$3.16B
| $27.2M | 0.06% |
493,297
+72,535
| +17% | +$4.27M |
|
455
FerroAtlántica
GSM
$762M
| $27M | 0.06% |
2,512,413
+924,432
| +58% | +$10.5M |
|
456
Arthur J. Gallagher & Co
AJG
$67.6B
| $26.9M | 0.06% |
657,884
-353,496
| -35% | -$15.2M |
|
457
Scorpio Tankers
STNG
$3.93B
| $26.9M | 0.06% |
335,517
+51,157
| +18% | +$4.54M |
|
|
DF
458
DELISTED
Dean Foods Company
DF
| $26.8M | 0.06% |
1,561,868
+470,132
| +43% | +$8.47M |
|
|
CMBT
459
CMB.TECH NV
CMBT
$5.24B
| $26.7M | 0.06% |
1,947,545
+199,213
| +11% | +$2.82M |
|
|
MBLY
460
DELISTED
Mobileye N.V.
MBLY
| $26.7M | 0.06% |
631,430
+322,590
| +104% | +$14.4M |
|
461
HUB Group
HUBG
$2.49B
| $26.6M | 0.06% |
1,615,270
+342,354
| +27% | +$6.38M |
|
|
ECHO
462
EchoStar
ECHO
$25.2B
| $26.6M | 0.06% |
839,591
+400,483
| +91% | +$13.4M |
|
463
IQVIA
IQV
$42.8B
| $26.6M | 0.06% |
387,058
-180,365
| -32% | -$12.3M |
|
464
Cognizant
CTSH
$27.9B
| $26.4M | 0.06% |
440,027
-888,132
| -67% | -$57.2M |
|
465
PUT
ExxonMobil
XOM
$679B
| $26.3M | 0.06% |
337,500
| – | – |
|
466
PTC
PTC
$16.8B
| $26.1M | 0.05% |
752,487
+720,133
| +2,226% | +$25.2M |
|
|
ALDR
467
DELISTED
Alder Biopharmaceuticals
ALDR
| $26.1M | 0.05% |
788,913
-716,186
| -48% | -$24.2M |
|
468
PUT
Transocean
RIG
$6.61B
| $26M | 0.05% |
2,103,700
| – | – |
|
|
SCG
469
DELISTED
Scana
SCG
| $26M | 0.05% |
+430,345
| New | +$25.2M |
|
470
Olin
OLN
$2.1B
| $26M | 0.05% |
1,504,783
-45,420
| -3% | -$874K |
|
471
Aecom
ACM
$8.34B
| $25.9M | 0.05% |
862,476
+846,503
| +5,300% | +$25.4M |
|
|
PAY
472
DELISTED
Verifone Systems Inc
PAY
| $25.9M | 0.05% |
922,939
-432,492
| -32% | -$12.5M |
|
473
LyondellBasell Industries
LYB
$21.8B
| $25.9M | 0.05% |
297,485
+237,558
| +396% | +$21.9M |
|
|
EVHC
474
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $25.9M | 0.05% |
332,463
+32,729
| +11% | +$2.83M |
|
475
PNC Financial Services
PNC
$97B
| $25.8M | 0.05% |
+270,908
| New | +$25.2M |
|
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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.