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 |
ConocoPhillips
COP
|
+$164M |
| 2 |
PepsiCo
PEP
|
+$159M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$154M |
| 4 |
AT&T
T
|
+$145M |
| 5 |
Fidelity National Information Services
FIS
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$250M |
| 2 |
PPL
PPL Corp
PPL
|
+$240M |
| 3 |
Occidental Petroleum
OXY
|
+$222M |
| 4 |
Lowe's Companies
LOW
|
+$180M |
| 5 |
American Electric Power
AEP
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.84% |
| 2 | Energy | 10.39% |
| 3 | Technology | 9.45% |
| 4 | Consumer Discretionary | 8.96% |
| 5 | Financials | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Cenovus Energy
CVE
$60.7B
| $21.7M | 0.05% |
1,668,414
-2,319,294
| -58% | -$27.7M |
|
|
SNDK
452
DELISTED
SANDISK CORP
SNDK
| $21.6M | 0.05% |
283,273
+130,326
| +85% | +$9.4M |
|
453
Vipshop
VIPS
$6.98B
| $21.5M | 0.05% |
+1,667,302
| New | +$20.9M |
|
|
SRCL
454
DELISTED
Stericycle Inc
SRCL
| $21.4M | 0.05% |
169,625
+139,385
| +461% | +$16.2M |
|
455
Motorola Solutions
MSI
$79.5B
| $21.2M | 0.05% |
280,639
+222,975
| +387% | +$15.1M |
|
|
TSE
456
DELISTED
Trinseo
TSE
| $21.2M | 0.05% |
577,034
+527,319
| +1,061% | +$15M |
|
457
Canadian National Railway
CNI
$78.5B
| $21.2M | 0.05% |
+339,518
| New | +$19M |
|
|
OKS
458
DELISTED
Oneok Partners LP
OKS
| $21.2M | 0.05% |
675,183
-327,396
| -33% | -$9.23M |
|
459
CALL
Fluor
FLR
$7.01B
| $21.2M | 0.05% |
394,200
| – | – |
|
460
AMC Global Media
AMCX
$511M
| $21.1M | 0.05% |
325,188
-89,673
| -22% | -$6.14M |
|
|
MDCO
461
DELISTED
Medicines Co
MDCO
| $21M | 0.05% |
661,867
-171,615
| -21% | -$5.6M |
|
462
ING
ING
$99.5B
| $21M | 0.05% |
1,756,172
+1,687,007
| +2,439% | +$20.2M |
|
463
General Dynamics
GD
$104B
| $20.9M | 0.05% |
159,273
-691,913
| -81% | -$91.7M |
|
464
Williams-Sonoma
WSM
$28B
| $20.9M | 0.05% |
761,974
+718,862
| +1,667% | +$19.5M |
|
|
ACC
465
DELISTED
American Campus Communities, Inc.
ACC
| $20.9M | 0.05% |
442,776
+336,277
| +316% | +$14.5M |
|
|
WBA
466
DELISTED
Walgreens Boots Alliance
WBA
| $20.8M | 0.05% |
247,442
+227,176
| +1,121% | +$18.1M |
|
|
MENT
467
DELISTED
Mentor Graphics Corp
MENT
| $20.8M | 0.05% |
1,023,083
+999,490
| +4,236% | +$18.2M |
|
468
Hyatt Hotels
H
$17B
| $20.8M | 0.05% |
419,511
+391,766
| +1,412% | +$17M |
|
469
Owens Corning
OC
$11.7B
| $20.8M | 0.05% |
438,942
+136,984
| +45% | +$6.08M |
|
470
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $20.6M | 0.05% |
+398,272
| New | +$20.7M |
|
|
ZNGA
471
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $20.5M | 0.05% |
8,994,544
-8,947,968
| -50% | -$20M |
|
472
Bruker
BRKR
$9.07B
| $20.5M | 0.05% |
730,800
-794,080
| -52% | -$19.8M |
|
|
TCO
473
DELISTED
Taubman Centers Inc.
TCO
| $20.4M | 0.05% |
286,933
+279,521
| +3,771% | +$19.8M |
|
474
Equifax
EFX
$22.6B
| $20.4M | 0.05% |
178,340
+57,017
| +47% | +$6M |
|
475
Prosperity Bancshares
PB
$8.75B
| $20.3M | 0.05% |
438,240
-100,559
| -19% | -$4.25M |
|
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Israel Englander's Q1 2016 Portfolio in Review
As of Q1 2016, Israel Englander held 4,057 positions worth $40B, down 16% from $47.6B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander withdrew a net $6.85B in Q1 2016, closing 847 positions and reducing 1,408 holdings. Its most notable exit was Walmart Inc, an estimated $142M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Energy and Technology.
Against the trend, Israel Englander opened a new position in ConocoPhillips worth $174M.
- Israel Englander's largest Q1 2016 buy was ConocoPhillips: 4,324,124 shares worth $174M.
- Israel Englander added most to PepsiCo in Q1 2016, an estimated $159M increase.
- Israel Englander's biggest Q1 2016 reduction was NextEra Energy, cutting an estimated $250M.
- Israel Englander fully exited Walmart Inc in Q1 2016, selling an estimated $142M.
- Israel Englander's ten largest holdings make up 11% of its $40B portfolio in Q1 2016.
- Israel Englander opened 691 new positions and closed 847 in Q1 2016.
- Israel Englander's portfolio value fell 16% quarter-over-quarter to $40B.
Based on Millennium Management's 13F filing for Q1 2016, filed 16 May 2016.