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 | |
|---|---|---|---|---|---|---|
26
Teva Pharmaceuticals
TEVA
$43.5B
| $197M | 0.41% |
3,000,319
+990,699
| +49% | +$61.2M |
|
27
HF Sinclair
DINO
$17.3B
| $183M | 0.39% |
4,592,148
-812,987
| -15% | -$38.5M |
|
28
TechnipFMC
FTI
$30.4B
| $177M | 0.37% |
8,205,179
+1,381,972
| +20% | +$33.4M |
|
29
Vertex Pharmaceuticals
VRTX
$139B
| $176M | 0.37% |
1,400,137
-179,237
| -11% | -$21.6M |
|
|
30
Alphabet (Google) Class C
GOOG
$4.18T
| $173M | 0.36% |
4,559,660
-6,378,720
| -58% | -$229M |
|
31
Honeywell
HON
$68.4B
| $162M | 0.34% |
1,741,952
+1,525,383
| +704% | +$140M |
|
32
Intuitive Surgical
ISRG
$134B
| $157M | 0.33% |
2,579,157
+1,481,616
| +135% | +$83.2M |
|
|
ESV
33
DELISTED
Ensco Rowan plc
ESV
| $155M | 0.33% |
2,515,511
+1,772,138
| +238% | +$116M |
|
34
Valero Energy
VLO
$100B
| $154M | 0.32% |
2,184,635
+1,555,951
| +247% | +$106M |
|
35
Salesforce
CRM
$171B
| $153M | 0.32% |
1,947,275
+461,046
| +31% | +$36M |
|
36
PBF Energy
PBF
$8.72B
| $152M | 0.32% |
4,138,014
+3,721,492
| +893% | +$131M |
|
37
Altria Group
MO
$110B
| $150M | 0.31% |
2,570,238
+920,617
| +56% | +$53.4M |
|
38
Citigroup
C
$221B
| $148M | 0.31% |
2,866,641
+1,171,950
| +69% | +$62.2M |
|
39
Sempra
SRE
$54.2B
| $143M | 0.3% |
3,046,774
-22,342
| -0.7% | -$1.1M |
|
40
Walmart Inc
WMT
$825B
| $142M | 0.3% |
6,944,667
+6,728,259
| +3,109% | +$135M |
|
41
Masco
MAS
$14.5B
| $141M | 0.3% |
4,979,880
+4,692,001
| +1,630% | +$134M |
|
|
WR
42
DELISTED
Westar Energy Inc
WR
| $137M | 0.29% |
3,227,654
+2,858,647
| +775% | +$117M |
|
43
Exelon
EXC
$45.1B
| $136M | 0.29% |
6,867,862
-2,519,633
| -27% | -$51.1M |
|
44
Trip.com Group
TCOM
$29B
| $135M | 0.28% |
2,915,399
+398,675
| +16% | +$18.2M |
|
45
Kimberly-Clark
KMB
$36.4B
| $135M | 0.28% |
1,060,291
-481,232
| -31% | -$57.8M |
|
|
IPG
46
DELISTED
Interpublic Group of Companies
IPG
| $134M | 0.28% |
5,761,897
+2,462,555
| +75% | +$55.3M |
|
47
Lam Research
LRCX
$393B
| $132M | 0.28% |
16,677,060
+12,000,500
| +257% | +$90.3M |
|
|
PE
48
DELISTED
PARSLEY ENERGY INC
PE
| $132M | 0.28% |
7,177,626
+1,012,067
| +16% | +$18.2M |
|
49
Qualcomm
QCOM
$169B
| $131M | 0.27% |
2,611,390
-1,773,352
| -40% | -$94.6M |
|
|
TWC
50
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $127M | 0.27% |
682,354
+136,923
| +25% | +$25.4M |
|
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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.