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 | |
|---|---|---|---|---|---|---|
|
XEC
26
DELISTED
CIMAREX ENERGY CO
XEC
| $203M | 0.34% |
1,510,136
+326,441
| +28% | +$41M |
|
27
Ovintiv
OVV
$18.5B
| $202M | 0.34% |
3,864,205
+1,992,325
| +106% | +$89.4M |
|
|
EGN
28
DELISTED
Energen
EGN
| $201M | 0.34% |
3,482,469
-160,697
| -4% | -$8.39M |
|
29
Amazon
AMZN
$2.79T
| $190M | 0.32% |
4,529,740
-3,702,680
| -45% | -$142M |
|
30
Intuitive Surgical
ISRG
$134B
| $187M | 0.31% |
2,323,017
+437,283
| +23% | +$33.5M |
|
|
PXD
31
DELISTED
Pioneer Natural Resource Co.
PXD
| $182M | 0.3% |
978,194
-595,160
| -38% | -$101M |
|
32
Biogen
BIIB
$32B
| $182M | 0.3% |
579,937
-225,041
| -28% | -$66.7M |
|
33
Crown Castle
CCI
$32.1B
| $174M | 0.29% |
1,844,400
+305,487
| +20% | +$29.4M |
|
|
BHI
34
DELISTED
Baker Hughes
BHI
| $169M | 0.28% |
3,356,060
+2,061,322
| +159% | +$99.2M |
|
35
Wells Fargo
WFC
$254B
| $168M | 0.28% |
3,802,690
+891,630
| +31% | +$42.7M |
|
|
MON
36
DELISTED
Monsanto Co
MON
| $163M | 0.27% |
1,594,561
+1,240,022
| +350% | +$130M |
|
|
PF
37
DELISTED
Pinnacle Foods, Inc.
PF
| $162M | 0.27% |
3,226,419
+611,265
| +23% | +$30.3M |
|
38
Visa
V
$693B
| $160M | 0.27% |
1,930,794
-288,383
| -13% | -$23.1M |
|
|
MXIM
39
DELISTED
Maxim Integrated Products
MXIM
| $159M | 0.27% |
3,994,264
+2,373,372
| +146% | +$93.6M |
|
40
Agilent Technologies
A
$44.9B
| $158M | 0.27% |
3,359,833
-164,869
| -5% | -$7.69M |
|
41
Conagra Brands
CAG
$7.89B
| $158M | 0.27% |
4,315,478
-274,577
| -6% | -$9.85M |
|
42
FedEx
FDX
$76.9B
| $158M | 0.27% |
905,495
+343,143
| +61% | +$56.2M |
|
43
Halliburton
HAL
$29.4B
| $157M | 0.26% |
3,507,409
-1,353,397
| -28% | -$59.1M |
|
44
TJX Companies
TJX
$155B
| $155M | 0.26% |
4,157,660
+1,383,948
| +50% | +$54.1M |
|
|
PPL
45
PPL Corp
PPL
$25.9B
| $154M | 0.26% |
4,459,225
+3,496,666
| +363% | +$126M |
|
46
Xcel Energy
XEL
$47.7B
| $153M | 0.26% |
3,725,404
-2,862,910
| -43% | -$122M |
|
|
K
47
DELISTED
Kellanova
K
| $149M | 0.25% |
2,043,510
+1,740,495
| +574% | +$133M |
|
48
NiSource
NI
$19.5B
| $146M | 0.24% |
6,054,489
+1,970,151
| +48% | +$49.3M |
|
49
United Airlines
UAL
$36.7B
| $143M | 0.24% |
2,728,773
+2,083,158
| +323% | +$100M |
|
50
Kinder Morgan
KMI
$69B
| $142M | 0.24% |
6,154,420
+4,288,984
| +230% | +$90.9M |
|
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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.