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 | |
|---|---|---|---|---|---|---|
|
CELG
476
CALL
DELISTED
Celgene Corp
CELG
| $26.1M | 0.04% |
250,000
+150,000
| +150% | +$16.2M |
|
477
Essex Property Trust
ESS
$18.9B
| $26.1M | 0.04% |
117,312
-125,756
| -52% | -$28.6M |
|
|
ARGO
478
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $26.1M | 0.04% |
531,598
+118,286
| +29% | +$5.62M |
|
479
Vertex Pharmaceuticals
VRTX
$139B
| $26.1M | 0.04% |
298,736
+296,133
| +11,377% | +$28M |
|
|
CLNY
480
DELISTED
Colony Capital, Inc.
CLNY
| $25.9M | 0.04% |
+1,423,470
| New | +$25.2M |
|
481
Lam Research
LRCX
$388B
| $25.8M | 0.04% |
2,727,950
-6,240,460
| -70% | -$56.8M |
|
482
EOG Resources
EOG
$78.8B
| $25.8M | 0.04% |
266,977
+148,758
| +126% | +$13.1M |
|
483
Honeywell
HON
$68.1B
| $25.6M | 0.04% |
244,059
-343,935
| -58% | -$35.9M |
|
|
AWH
484
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $25.4M | 0.04% |
629,289
+164,345
| +35% | +$6.49M |
|
|
LTXB
485
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $25.4M | 0.04% |
801,826
+334,637
| +72% | +$9.91M |
|
|
LNCE
486
DELISTED
Snyders-Lance, Inc.
LNCE
| $25.3M | 0.04% |
753,707
+407,345
| +118% | +$14.1M |
|
|
DYN
487
DELISTED
Dynegy, Inc.
DYN
| $25.3M | 0.04% |
2,040,205
+510,309
| +33% | +$7.24M |
|
488
Smith & Nephew
SNN
$12.4B
| $25.2M | 0.04% |
769,114
-174,941
| -19% | -$5.87M |
|
489
Ulta Beauty
ULTA
$23.2B
| $25.2M | 0.04% |
105,922
-27,786
| -21% | -$7.02M |
|
490
United Therapeutics
UTHR
$22B
| $25.2M | 0.04% |
213,186
+66,732
| +46% | +$8.02M |
|
|
IPG
491
DELISTED
Interpublic Group of Companies
IPG
| $25.1M | 0.04% |
1,125,004
+172,050
| +18% | +$3.96M |
|
492
Guidewire Software
GWRE
$16B
| $25.1M | 0.04% |
418,389
+225,840
| +117% | +$13.9M |
|
493
Western Digital
WDC
$157B
| $24.9M | 0.04% |
564,236
-1,033,985
| -65% | -$39M |
|
|
TSE
494
DELISTED
Trinseo
TSE
| $24.9M | 0.04% |
440,781
+401,315
| +1,017% | +$21.3M |
|
495
Dollar General
DG
$27.6B
| $24.6M | 0.04% |
352,172
-101,748
| -22% | -$8.62M |
|
|
ACC
496
DELISTED
American Campus Communities, Inc.
ACC
| $24.5M | 0.04% |
482,412
-144,852
| -23% | -$7.43M |
|
|
CAB
497
DELISTED
Cabela's Inc
CAB
| $24.5M | 0.04% |
445,518
-946
| -0.2% | -$48.4K |
|
498
Jones Lang LaSalle
JLL
$17.8B
| $24.3M | 0.04% |
213,349
-97,378
| -31% | -$10.9M |
|
|
SCAI
499
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $24.3M | 0.04% |
497,756
+48,310
| +11% | +$2.22M |
|
500
Silicon Motion
SIMO
$8.25B
| $24.1M | 0.04% |
+465,076
| New | +$24.3M |
|
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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.