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 | |
|---|---|---|---|---|---|---|
|
ERF
476
DELISTED
Enerplus Corporation
ERF
| $22.4M | 0.05% |
3,402,335
+2,627,013
| +339% | +$14.1M |
|
|
CAB
477
DELISTED
Cabela's Inc
CAB
| $22.4M | 0.05% |
446,464
+318,410
| +249% | +$15.8M |
|
|
PTLA
478
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $22.3M | 0.05% |
946,269
+449,714
| +91% | +$11.1M |
|
479
iShares MSCI Japan ETF
EWJ
$22.4B
| $22.3M | 0.05% |
484,975
+449,444
| +1,265% | +$20.9M |
|
|
SBNY
480
DELISTED
Signature Bank
SBNY
| $22.3M | 0.05% |
178,399
-24,811
| -12% | -$3.31M |
|
481
SiteOne Landscape Supply
SITE
$4.17B
| $22.3M | 0.05% |
+655,283
| New | +$19.3M |
|
|
TFCFA
482
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $22.3M | 0.05% |
822,847
-1,378,665
| -63% | -$40.2M |
|
|
HES
483
CALL
DELISTED
Hess
HES
| $22.2M | 0.05% |
370,000
+340,000
| +1,133% | +$19.7M |
|
484
Paychex
PAYX
$44.9B
| $22.1M | 0.05% |
370,650
-900,365
| -71% | -$48.2M |
|
|
CCP
485
DELISTED
Care Capital Properties, Inc.
CCP
| $22M | 0.05% |
840,797
-73,973
| -8% | -$1.94M |
|
|
IPG
486
DELISTED
Interpublic Group of Companies
IPG
| $22M | 0.05% |
952,954
-1,516,952
| -61% | -$35.6M |
|
|
SFR
487
DELISTED
Starwood Waypoint Homes
SFR
| $21.9M | 0.05% |
720,116
+651,798
| +954% | +$17.3M |
|
|
PRMW
488
DELISTED
Primo Water Corporation
PRMW
| $21.9M | 0.05% |
1,565,646
+1,470,282
| +1,542% | +$21.2M |
|
489
Philip Morris
PM
$299B
| $21.7M | 0.05% |
213,670
+42,156
| +25% | +$4.2M |
|
490
SiriusXM
SIRI
$9.64B
| $21.7M | 0.05% |
549,070
+422,336
| +333% | +$16.6M |
|
491
Progressive
PGR
$129B
| $21.7M | 0.05% |
646,736
-667,357
| -51% | -$22.1M |
|
|
GHDX
492
DELISTED
Genomic Health, Inc.
GHDX
| $21.7M | 0.05% |
836,285
-338,870
| -29% | -$9M |
|
493
Brown-Forman Class B
BF.B
$13.2B
| $21.6M | 0.05% |
+678,019
| New | +$21M |
|
|
SAGE
494
DELISTED
Sage Therapeutics
SAGE
| $21.6M | 0.05% |
715,536
+192,075
| +37% | +$6.4M |
|
|
BPFH
495
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $21.5M | 0.05% |
1,828,265
-517,295
| -22% | -$6.23M |
|
496
CubeSmart
CUBE
$9.14B
| $21.5M | 0.05% |
697,210
-80,940
| -10% | -$2.52M |
|
497
Steris
STE
$23.1B
| $21.5M | 0.05% |
312,989
+233,967
| +296% | +$16.4M |
|
|
MTGE
498
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $21.5M | 0.05% |
1,361,683
+936,057
| +220% | +$14.3M |
|
|
BMS
499
DELISTED
Bemis
BMS
| $21.5M | 0.05% |
416,936
+295,262
| +243% | +$14.9M |
|
|
FMBI
500
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $21.4M | 0.05% |
1,220,503
+712,893
| +140% | +$12.8M |
|
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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.