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 |
ConocoPhillips
COP
|
+$164M |
| 2 |
PepsiCo
PEP
|
+$159M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$154M |
| 4 |
AT&T
T
|
+$145M |
| 5 |
Fidelity National Information Services
FIS
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$250M |
| 2 |
PPL
PPL Corp
PPL
|
+$240M |
| 3 |
Occidental Petroleum
OXY
|
+$222M |
| 4 |
Lowe's Companies
LOW
|
+$180M |
| 5 |
American Electric Power
AEP
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.84% |
| 2 | Energy | 10.39% |
| 3 | Technology | 9.45% |
| 4 | Consumer Discretionary | 8.96% |
| 5 | Financials | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Deere & Co
DE
$175B
| $19.2M | 0.05% |
248,882
+9,193
| +4% | +$720K |
|
|
AKS
502
DELISTED
AK Steel Holding Corp
AKS
| $19.2M | 0.05% |
4,639,184
+4,563,389
| +6,021% | +$13.1M |
|
|
ADT
503
DELISTED
ADT Corp
ADT
| $19.2M | 0.05% |
+464,337
| New | +$16.3M |
|
504
Global Payments
GPN
$24.7B
| $19M | 0.05% |
291,527
-48,697
| -14% | -$2.89M |
|
505
ICU Medical
ICUI
$4.57B
| $19M | 0.05% |
182,232
+44,732
| +33% | +$4.28M |
|
|
ENIA
506
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $19M | 0.05% |
2,528,294
+554,815
| +28% | +$3.72M |
|
|
507
Occidental Petroleum
OXY
$61.3B
| $18.9M | 0.05% |
276,861
-3,308,447
| -92% | -$222M |
|
|
CTB
508
DELISTED
Cooper Tire & Rubber Co.
CTB
| $18.8M | 0.05% |
508,586
+196,820
| +63% | +$7.21M |
|
509
Manhattan Associates
MANH
$12.5B
| $18.8M | 0.05% |
330,213
+102,924
| +45% | +$5.73M |
|
|
GIMO
510
DELISTED
Gigamon Inc.
GIMO
| $18.8M | 0.05% |
604,997
-338,914
| -36% | -$8.84M |
|
|
MNDT
511
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $18.7M | 0.05% |
1,039,611
-388,335
| -27% | -$6.33M |
|
|
CLGX
512
DELISTED
Corelogic, Inc.
CLGX
| $18.7M | 0.05% |
538,211
+68,409
| +15% | +$2.32M |
|
513
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.57B
| $18.6M | 0.05% |
15,443
-1,955
| -11% | -$2.3M |
|
|
TFM
514
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $18.6M | 0.05% |
652,076
+625,265
| +2,332% | +$14.3M |
|
515
Vornado Realty Trust
VNO
$7.07B
| $18.6M | 0.05% |
+243,569
| New | +$17.7M |
|
516
Allison Transmission
ALSN
$11B
| $18.6M | 0.05% |
688,479
+447,118
| +185% | +$10.9M |
|
|
QIHU
517
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $18.5M | 0.05% |
+245,190
| New | +$17.7M |
|
518
Republic Services
RSG
$67.6B
| $18.5M | 0.05% |
388,459
-1,078
| -0.3% | -$48.9K |
|
519
PUT
Transocean
RIG
$6.61B
| $18.5M | 0.05% |
2,103,700
| – | – |
|
520
Wayfair
W
$13.9B
| $18.5M | 0.05% |
+427,168
| New | +$17.7M |
|
521
JetBlue
JBLU
$1.85B
| $18.4M | 0.05% |
869,904
+356,783
| +70% | +$7.5M |
|
522
Red Robin
RRGB
$189M
| $18.3M | 0.05% |
284,541
-3,390
| -1% | -$211K |
|
|
ABCO
523
DELISTED
Advisory Board Co
ABCO
| $18.3M | 0.05% |
568,053
+513,778
| +947% | +$19.2M |
|
524
Equinor
EQNR
$102B
| $18.3M | 0.05% |
1,177,282
+148,313
| +14% | +$2.07M |
|
525
Willis Towers Watson
WTW
$31.8B
| $18.3M | 0.05% |
154,251
+66,315
| +75% | +$7.63M |
|
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Israel Englander's Q1 2016 Portfolio in Review
As of Q1 2016, Israel Englander held 4,057 positions worth $40B, down 16% from $47.6B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander withdrew a net $6.85B in Q1 2016, closing 847 positions and reducing 1,408 holdings. Its most notable exit was Walmart Inc, an estimated $142M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Energy and Technology.
Against the trend, Israel Englander opened a new position in ConocoPhillips worth $174M.
- Israel Englander's largest Q1 2016 buy was ConocoPhillips: 4,324,124 shares worth $174M.
- Israel Englander added most to PepsiCo in Q1 2016, an estimated $159M increase.
- Israel Englander's biggest Q1 2016 reduction was NextEra Energy, cutting an estimated $250M.
- Israel Englander fully exited Walmart Inc in Q1 2016, selling an estimated $142M.
- Israel Englander's ten largest holdings make up 11% of its $40B portfolio in Q1 2016.
- Israel Englander opened 691 new positions and closed 847 in Q1 2016.
- Israel Englander's portfolio value fell 16% quarter-over-quarter to $40B.
Based on Millennium Management's 13F filing for Q1 2016, filed 16 May 2016.