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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Home Depot
HD
$335B
| $24.3M | 0.05% |
184,033
+153,234
| +498% | +$19.5M |
|
502
Eastman Chemical
EMN
$8.47B
| $24.3M | 0.05% |
359,801
-239,864
| -40% | -$16.8M |
|
|
TSS
503
DELISTED
Total System Services, Inc.
TSS
| $24.2M | 0.05% |
485,717
+452,167
| +1,348% | +$23.6M |
|
|
FMBI
504
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $24.1M | 0.05% |
1,307,732
-286,163
| -18% | -$5.28M |
|
|
JAH
505
DELISTED
JARDEN CORPORATION
JAH
| $24M | 0.05% |
420,388
+413,320
| +5,848% | +$20.7M |
|
|
OA
506
DELISTED
Orbital ATK, Inc.
OA
| $24M | 0.05% |
268,744
-294,640
| -52% | -$24.8M |
|
507
Bank of America Series L
BAC.PRL
$3.95B
| $24M | 0.05% |
21,910
+1,766
| +9% | +$1.95M |
|
|
LLL
508
DELISTED
L3 Technologies, Inc.
LLL
| $23.9M | 0.05% |
+199,833
| New | +$23.7M |
|
|
SGI
509
Somnigroup International
SGI
$13.6B
| $23.9M | 0.05% |
1,355,092
+1,315,092
| +3,288% | +$25M |
|
510
State Street
STT
$51.4B
| $23.8M | 0.05% |
358,806
+350,105
| +4,024% | +$24.3M |
|
511
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $23.8M | 0.05% |
+471,383
| New | +$23.4M |
|
512
Jack in the Box
JACK
$331M
| $23.6M | 0.05% |
307,986
-413,920
| -57% | -$31.4M |
|
513
Atmos Energy
ATO
$28.2B
| $23.4M | 0.05% |
371,925
+281,441
| +311% | +$17.3M |
|
514
InterDigital
IDCC
$8.84B
| $23.4M | 0.05% |
476,643
+241,496
| +103% | +$12.3M |
|
|
LQ
515
DELISTED
La Quinta Holdings Inc.
LQ
| $23.3M | 0.05% |
1,713,168
+1,531,980
| +846% | +$23.4M |
|
516
Liberty Media Series A
FWONA
$24.2B
| $23.2M | 0.05% |
879,732
+259,748
| +42% | +$6.92M |
|
517
National Fuel Gas
NFG
$7.84B
| $23M | 0.05% |
537,236
+305,775
| +132% | +$14.5M |
|
|
APC
518
CALL
DELISTED
Anadarko Petroleum
APC
| $22.9M | 0.05% |
472,100
+120,000
| +34% | +$7.35M |
|
|
WWAV
519
DELISTED
The WhiteWave Foods Company
WWAV
| $22.9M | 0.05% |
587,824
+571,684
| +3,542% | +$23.1M |
|
520
Ryder
R
$9.58B
| $22.8M | 0.05% |
400,569
+320,720
| +402% | +$21.2M |
|
|
HR
521
DELISTED
Healthcare Realty Trust Incorporated
HR
| $22.7M | 0.05% |
802,751
-179,964
| -18% | -$4.8M |
|
522
Hasbro
HAS
$13.2B
| $22.7M | 0.05% |
336,882
+236,607
| +236% | +$17.3M |
|
523
Hain Celestial
HAIN
$71.6M
| $22.6M | 0.05% |
559,327
-250,594
| -31% | -$11.4M |
|
|
ROIC
524
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $22.6M | 0.05% |
1,261,247
-330,646
| -21% | -$5.89M |
|
525
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $22.5M | 0.05% |
576,220
+474,374
| +466% | +$18.8M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.