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 |
Amazon
AMZN
|
+$278M |
| 2 |
Charter Communications
CHTR
|
+$218M |
| 3 |
Exelon
EXC
|
+$197M |
| 4 |
Halliburton
HAL
|
+$192M |
| 5 |
AET
Aetna Inc
AET
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$241M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$235M |
| 3 |
Expedia Group
EXPE
|
+$188M |
| 4 |
AT&T
T
|
+$181M |
| 5 |
WR
Westar Energy Inc
WR
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.7% |
| 2 | Energy | 10.37% |
| 3 | Financials | 9.65% |
| 4 | Technology | 8.63% |
| 5 | Industrials | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
ConocoPhillips
COP
$162B
| $174M | 0.4% |
3,989,159
-334,965
| -8% | -$14.8M |
|
27
Gilead Sciences
GILD
$181B
| $172M | 0.39% |
2,060,405
+1,313,798
| +176% | +$117M |
|
28
Conagra Brands
CAG
$7.89B
| $171M | 0.39% |
4,590,055
+384,799
| +9% | +$13.7M |
|
|
TWX
29
DELISTED
Time Warner Inc
TWX
| $167M | 0.38% |
2,265,129
+206,097
| +10% | +$15.2M |
|
30
Visa
V
$693B
| $165M | 0.38% |
2,219,177
-20,349
| -0.9% | -$1.59M |
|
31
Home Depot
HD
$335B
| $163M | 0.37% |
1,277,830
+434,639
| +52% | +$57.5M |
|
32
Williams Companies
WMB
$86.2B
| $162M | 0.37% |
+7,494,834
| New | +$150M |
|
33
Agilent Technologies
A
$44.9B
| $156M | 0.36% |
3,524,702
+1,265,796
| +56% | +$54.6M |
|
34
Crown Castle
CCI
$32.1B
| $156M | 0.36% |
1,538,913
+492,657
| +47% | +$44.7M |
|
35
Zoetis
ZTS
$32.1B
| $155M | 0.35% |
3,258,176
+523,899
| +19% | +$24.8M |
|
36
Johnson & Johnson
JNJ
$651B
| $153M | 0.35% |
1,259,726
+789,247
| +168% | +$89.7M |
|
37
KeyCorp
KEY
$23.3B
| $150M | 0.34% |
13,578,143
+604,922
| +5% | +$7.21M |
|
38
Salesforce
CRM
$171B
| $150M | 0.34% |
1,886,820
+1,137,542
| +152% | +$89.3M |
|
|
THS
39
DELISTED
Treehouse Foods
THS
| $148M | 0.34% |
1,440,736
+509,610
| +55% | +$47M |
|
40
Kraft Heinz
KHC
$30.3B
| $144M | 0.33% |
1,627,312
-672,958
| -29% | -$55.4M |
|
41
Merck
MRK
$376B
| $142M | 0.32% |
2,575,628
-2,199,561
| -46% | -$117M |
|
|
XEC
42
DELISTED
CIMAREX ENERGY CO
XEC
| $141M | 0.32% |
1,183,695
+1,103,595
| +1,378% | +$124M |
|
43
Devon Energy
DVN
$54B
| $139M | 0.32% |
3,838,240
-1,167,342
| -23% | -$39.6M |
|
44
Intuitive Surgical
ISRG
$134B
| $139M | 0.32% |
1,885,734
+574,173
| +44% | +$40.4M |
|
45
Apple
AAPL
$4.51T
| $138M | 0.32% |
5,788,128
-359,716
| -6% | -$8.94M |
|
46
Wells Fargo
WFC
$254B
| $138M | 0.32% |
2,911,060
+2,878,332
| +8,795% | +$140M |
|
|
CONE
47
DELISTED
CyrusOne Inc Common Stock
CONE
| $134M | 0.31% |
2,405,553
+165,892
| +7% | +$7.99M |
|
48
Verizon
VZ
$205B
| $133M | 0.31% |
+2,389,615
| New | +$124M |
|
49
Zions Bancorporation
ZION
$9.95B
| $129M | 0.3% |
5,144,758
+2,699,575
| +110% | +$71.6M |
|
|
ZAYO
50
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $128M | 0.29% |
4,588,770
+1,404,377
| +44% | +$37.4M |
|
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Israel Englander's Q2 2016 Portfolio in Review
As of Q2 2016, Israel Englander held 3,988 positions worth $43.7B, up 9.2% from $40B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $1.99B of net new capital in Q2 2016, opening 776 new positions and adding to 1,172 existing holdings. Its largest new stake was Amazon: 8,232,420 shares worth $295M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Yahoo Inc, an estimated $241M trimmed.
- Israel Englander's largest Q2 2016 buy was Amazon: 8,232,420 shares worth $295M.
- Israel Englander added most to Charter Communications in Q2 2016, an estimated $218M increase.
- Israel Englander's biggest Q2 2016 reduction was Yahoo Inc, cutting an estimated $241M.
- Israel Englander fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $108M.
- Israel Englander's ten largest holdings make up 11% of its $43.7B portfolio in Q2 2016.
- Israel Englander opened 776 new positions and closed 860 in Q2 2016.
- Israel Englander's portfolio value rose 9.2% quarter-over-quarter to $43.7B.
Based on Millennium Management's 13F filing for Q2 2016, filed 15 Aug 2016.