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 | |
|---|---|---|---|---|---|---|
|
XLNX
526
DELISTED
Xilinx Inc
XLNX
| $22.5M | 0.05% |
479,410
+147,177
| +44% | +$6.95M |
|
527
EastGroup Properties
EGP
$10.8B
| $22.5M | 0.05% |
404,679
-69,537
| -15% | -$3.92M |
|
528
Ashland
ASH
$3.33B
| $22.5M | 0.05% |
447,008
-431,475
| -49% | -$22.7M |
|
529
Target
TGT
$75.1B
| $22.4M | 0.05% |
308,931
-262,993
| -46% | -$19.6M |
|
530
Nexstar Media Group
NXST
$5.73B
| $22.4M | 0.05% |
381,530
-411,060
| -52% | -$22.7M |
|
531
Ulta Beauty
ULTA
$22.4B
| $22.3M | 0.05% |
120,798
+118,497
| +5,150% | +$20.5M |
|
532
First Financial Bancorp
FFBC
$3.47B
| $22.3M | 0.05% |
1,235,343
+595,863
| +93% | +$11.4M |
|
533
Kilroy Realty
KRC
$4.25B
| $22.3M | 0.05% |
351,611
+98,458
| +39% | +$6.46M |
|
534
Radian Group
RDN
$4.84B
| $22.2M | 0.05% |
1,657,920
+1,565,640
| +1,697% | +$23M |
|
535
Dave & Buster's
PLAY
$357M
| $22.2M | 0.05% |
531,663
+81,222
| +18% | +$3.18M |
|
|
BWP
536
DELISTED
Boardwalk Pipeline Partners
BWP
| $22.1M | 0.05% |
1,703,489
+1,481,406
| +667% | +$18.3M |
|
537
Cigna
CI
$73.3B
| $22.1M | 0.05% |
151,035
+96,665
| +178% | +$13.3M |
|
|
TCF
538
DELISTED
TCF Financial Corporation Common Stock
TCF
| $22.1M | 0.05% |
644,524
+3,478
| +0.5% | +$121K |
|
539
Global Payments
GPN
$24.7B
| $21.9M | 0.05% |
340,224
-144,822
| -30% | -$9.77M |
|
|
ACOR
540
DELISTED
Acorda Therapeutics
ACOR
| $21.9M | 0.05% |
4,267
-2,723
| -39% | -$11.9M |
|
541
Travel + Leisure Co
TNL
$4.39B
| $21.9M | 0.05% |
667,823
+174,589
| +35% | +$6.02M |
|
|
CPHD
542
DELISTED
Cepheid Inc
CPHD
| $21.9M | 0.05% |
598,906
-540,513
| -47% | -$19.2M |
|
|
UNIT
543
Uniti Group
UNIT
$2.42B
| $21.9M | 0.05% |
1,170,105
+635,371
| +119% | +$12.2M |
|
544
Ultragenyx Pharmaceutical
RARE
$2.55B
| $21.8M | 0.05% |
194,190
-347,499
| -64% | -$34.7M |
|
|
CIT
545
DELISTED
CIT Group Inc.
CIT
| $21.5M | 0.05% |
542,665
+447,272
| +469% | +$18.8M |
|
546
Cadence Design Systems
CDNS
$87.9B
| $21.5M | 0.05% |
+1,034,737
| New | +$22.5M |
|
|
JOY
547
DELISTED
Joy Global Inc
JOY
| $21.4M | 0.05% |
1,698,284
+677,676
| +66% | +$10.2M |
|
|
ARRY
548
DELISTED
Array Biopharma Inc
ARRY
| $21.4M | 0.05% |
5,073,989
+2,441,967
| +93% | +$11.1M |
|
549
National Health Investors
NHI
$3.6B
| $21.3M | 0.04% |
350,421
-56,856
| -14% | -$3.39M |
|
|
DOOR
550
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $21.3M | 0.04% |
348,347
+88,172
| +34% | +$5.49M |
|
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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.