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 | |
|---|---|---|---|---|---|---|
26
Southwest Airlines
LUV
$19.8B
| $157M | 0.39% |
3,494,920
+1,469,017
| +73% | +$59.8M |
|
|
PXD
27
DELISTED
Pioneer Natural Resource Co.
PXD
| $155M | 0.39% |
1,099,702
-1,061,750
| -49% | -$132M |
|
28
Amgen
AMGN
$238B
| $154M | 0.38% |
1,026,252
-459,126
| -31% | -$68.2M |
|
29
Kimberly-Clark
KMB
$36.4B
| $152M | 0.38% |
1,132,472
+72,181
| +7% | +$9.39M |
|
30
Adobe
ADBE
$109B
| $150M | 0.38% |
1,603,917
+1,201,328
| +298% | +$104M |
|
|
TWX
31
DELISTED
Time Warner Inc
TWX
| $149M | 0.37% |
2,059,032
+796,626
| +63% | +$54.9M |
|
|
PPL
32
PPL Corp
PPL
$25.9B
| $146M | 0.37% |
3,840,106
-6,763,164
| -64% | -$240M |
|
33
Conagra Brands
CAG
$7.89B
| $146M | 0.37% |
4,205,256
-2,452,141
| -37% | -$79.6M |
|
34
KeyCorp
KEY
$23.3B
| $143M | 0.36% |
12,973,221
-6,709,943
| -34% | -$75M |
|
|
NBL
35
DELISTED
Noble Energy, Inc.
NBL
| $141M | 0.35% |
4,483,361
-4,441,918
| -50% | -$136M |
|
|
PE
36
DELISTED
PARSLEY ENERGY INC
PE
| $141M | 0.35% |
6,228,138
-949,488
| -13% | -$17.6M |
|
37
Devon Energy
DVN
$54B
| $137M | 0.34% |
5,005,582
+3,259,138
| +187% | +$79.3M |
|
38
McDonald's
MCD
$192B
| $135M | 0.34% |
1,074,732
-970,717
| -47% | -$116M |
|
39
Synchrony
SYF
$25.9B
| $130M | 0.33% |
4,545,658
-1,966,046
| -30% | -$54.6M |
|
40
NXP Semiconductors
NXPI
$56.9B
| $129M | 0.32% |
1,591,440
+707,300
| +80% | +$52.8M |
|
41
Zoetis
ZTS
$32.1B
| $121M | 0.3% |
2,734,277
+644,894
| +31% | +$27.4M |
|
42
Molson Coors Class B
TAP
$8.01B
| $121M | 0.3% |
1,259,047
-1,996
| -0.2% | -$178K |
|
43
Boston Scientific
BSX
$73B
| $120M | 0.3% |
6,371,466
+306,735
| +5% | +$5.39M |
|
44
Take-Two Interactive
TTWO
$44.8B
| $117M | 0.29% |
3,102,800
+2,114,692
| +214% | +$73.2M |
|
|
MRO
45
DELISTED
Marathon Oil Corporation
MRO
| $115M | 0.29% |
+10,339,527
| New | +$96.6M |
|
46
Xcel Energy
XEL
$47.7B
| $114M | 0.28% |
2,715,677
+2,556,968
| +1,611% | +$99.7M |
|
47
Home Depot
HD
$335B
| $113M | 0.28% |
843,191
+659,158
| +358% | +$82.1M |
|
|
EGN
48
DELISTED
Energen
EGN
| $111M | 0.28% |
3,038,724
+1,448,920
| +91% | +$44.9M |
|
|
HOLX
49
DELISTED
Hologic
HOLX
| $111M | 0.28% |
3,203,560
+1,939,240
| +153% | +$67.6M |
|
|
HES
50
DELISTED
Hess
HES
| $110M | 0.28% |
2,098,701
+1,914,386
| +1,039% | +$84.6M |
|
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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.