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 | |
|---|---|---|---|---|---|---|
|
CLVS
501
DELISTED
Clovis Oncology, Inc.
CLVS
| $23.9M | 0.04% |
664,024
+366,925
| +124% | +$7.87M |
|
|
TIF
502
DELISTED
Tiffany & Co.
TIF
| $23.9M | 0.04% |
329,595
+297,541
| +928% | +$19.9M |
|
|
MJN
503
DELISTED
Mead Johnson Nutrition Company
MJN
| $23.9M | 0.04% |
302,691
+295,983
| +4,412% | +$25.2M |
|
504
Flowers Foods
FLO
$1.54B
| $23.9M | 0.04% |
1,579,176
+763,371
| +94% | +$12.7M |
|
505
Green Plains
GPRE
$1.05B
| $23.8M | 0.04% |
+906,901
| New | +$21.2M |
|
506
XPO
XPO
$22.5B
| $23.7M | 0.04% |
1,872,542
+173,299
| +10% | +$1.96M |
|
|
WGL
507
DELISTED
Wgl Holdings
WGL
| $23.7M | 0.04% |
378,647
+218,879
| +137% | +$14.6M |
|
508
Cheniere Energy
LNG
$58B
| $23.7M | 0.04% |
543,972
-657,703
| -55% | -$27.7M |
|
509
Ashland
ASH
$3.38B
| $23.7M | 0.04% |
417,749
+51,272
| +14% | +$2.94M |
|
|
CPE
510
DELISTED
Callon Petroleum Company
CPE
| $23.7M | 0.04% |
150,867
+7,185
| +5% | +$950K |
|
|
CSOD
511
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $23.6M | 0.04% |
513,311
+87,474
| +21% | +$3.83M |
|
512
General Motors
GM
$76.3B
| $23.2M | 0.04% |
731,767
-340,808
| -32% | -$10.6M |
|
513
East-West Bancorp
EWBC
$17.7B
| $23.2M | 0.04% |
632,831
-134,567
| -18% | -$4.74M |
|
514
Toronto Dominion Bank
TD
$193B
| $23.2M | 0.04% |
523,125
+208,260
| +66% | +$9.13M |
|
515
Hubbell
HUBB
$24.7B
| $23.1M | 0.04% |
214,148
+40,877
| +24% | +$4.34M |
|
|
B
516
Barrick Mining
B
$79.3B
| $23M | 0.04% |
1,297,254
-174,174
| -12% | -$3.47M |
|
517
Cognizant
CTSH
$28B
| $23M | 0.04% |
481,219
+244,545
| +103% | +$13.9M |
|
518
SEI Investments
SEIC
$13.3B
| $22.9M | 0.04% |
502,364
-100,744
| -17% | -$4.72M |
|
519
Host Hotels & Resorts
HST
$15.9B
| $22.8M | 0.04% |
1,464,998
+642,863
| +78% | +$11M |
|
|
JNPR
520
DELISTED
Juniper Networks
JNPR
| $22.8M | 0.04% |
946,632
+563,199
| +147% | +$13M |
|
|
VIAB
521
DELISTED
Viacom Inc. Class B
VIAB
| $22.8M | 0.04% |
597,603
+375,740
| +169% | +$15.6M |
|
522
CALL
Alibaba
BABA
$284B
| $22.7M | 0.04% |
+215,000
| New | +$19.9M |
|
|
DFT
523
DELISTED
DuPont Fabros Technology Inc.
DFT
| $22.7M | 0.04% |
550,321
+129,693
| +31% | +$5.85M |
|
|
ANSS
524
DELISTED
Ansys
ANSS
| $22.7M | 0.04% |
+245,023
| New | +$22.8M |
|
525
Hanover Insurance
THG
$7.92B
| $22.7M | 0.04% |
300,811
+132,307
| +79% | +$10.5M |
|
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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.