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 | |
|---|---|---|---|---|---|---|
|
SCHW
451
Charles Schwab
SCHW
$197B
| $27.3M | 0.05% |
863,318
-927,162
| -52% | -$27.2M |
|
452
Associated Banc-Corp
ASB
$5.84B
| $27.2M | 0.05% |
1,390,231
-1,137,785
| -45% | -$21.5M |
|
453
Spectrum Brands
SPB
$2.03B
| $27.1M | 0.05% |
196,712
-242,625
| -55% | -$30.9M |
|
454
Coherus Oncology
CHRS
$210M
| $27M | 0.05% |
1,006,817
+605,877
| +151% | +$16.5M |
|
455
Compass Minerals
CMP
$1.03B
| $27M | 0.05% |
+365,832
| New | +$26.5M |
|
456
Burlington
BURL
$20.8B
| $26.9M | 0.05% |
332,510
+72,891
| +28% | +$5.64M |
|
|
NFX
457
DELISTED
Newfield Exploration
NFX
| $26.8M | 0.05% |
+617,694
| New | +$27.2M |
|
458
Travere Therapeutics
TVTX
$6.15B
| $26.8M | 0.04% |
1,195,978
+419,684
| +54% | +$7.99M |
|
|
ACH
459
Accendra Health
ACH
$89.2M
| $26.7M | 0.04% |
769,287
-3,067
| -0.4% | -$107K |
|
460
Rithm Capital
RITM
$5.72B
| $26.6M | 0.04% |
1,929,123
+1,467,979
| +318% | +$20.5M |
|
|
BBL
461
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $26.6M | 0.04% |
876,394
+517,607
| +144% | +$13.8M |
|
462
Estee Lauder
EL
$37.7B
| $26.6M | 0.04% |
300,130
+248,016
| +476% | +$22.6M |
|
|
CAA
463
DELISTED
CalAtlantic Group, Inc.
CAA
| $26.5M | 0.04% |
793,216
-1,344,117
| -63% | -$49.2M |
|
|
WBMD
464
DELISTED
WebMD Health Corp.
WBMD
| $26.5M | 0.04% |
533,602
+276,310
| +107% | +$15.2M |
|
465
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.79B
| $26.5M | 0.04% |
172,377
+162,888
| +1,717% | +$23.4M |
|
466
Fortune Brands Innovations
FBIN
$5.37B
| $26.5M | 0.04% |
533,259
+201,834
| +61% | +$10.6M |
|
|
ZNGA
467
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $26.4M | 0.04% |
9,083,589
+7,366,086
| +429% | +$20.5M |
|
468
BP
BP
$113B
| $26.4M | 0.04% |
891,736
-1,700,544
| -66% | -$49.3M |
|
469
Global Payments
GPN
$25B
| $26.3M | 0.04% |
342,798
+196,851
| +135% | +$14.8M |
|
470
Manhattan Associates
MANH
$12.4B
| $26.2M | 0.04% |
455,534
+165,604
| +57% | +$9.98M |
|
471
SiteOne Landscape Supply
SITE
$4.16B
| $26.2M | 0.04% |
730,364
+75,081
| +11% | +$2.84M |
|
|
HOLX
472
DELISTED
Hologic
HOLX
| $26.2M | 0.04% |
675,371
+142,423
| +27% | +$5.38M |
|
473
Bread Financial
BFH
$4.04B
| $26.2M | 0.04% |
153,030
-649,371
| -81% | -$111M |
|
474
B&G Foods
BGS
$284M
| $26.2M | 0.04% |
532,606
+473,885
| +807% | +$22.8M |
|
|
GGP
475
DELISTED
GGP Inc.
GGP
| $26.2M | 0.04% |
947,808
+441,534
| +87% | +$13.2M |
|
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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.