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 | |
|---|---|---|---|---|---|---|
526
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $18.3M | 0.05% |
230,000
+80,000
| +53% | +$7.24M |
|
527
Ingredion
INGR
$6.74B
| $18.2M | 0.05% |
170,763
+132,187
| +343% | +$13.2M |
|
|
RSPP
528
DELISTED
RSP Permian, Inc.
RSPP
| $18.2M | 0.05% |
625,552
+617,292
| +7,473% | +$14.5M |
|
529
Vanda Pharmaceuticals
VNDA
$319M
| $18.1M | 0.05% |
2,168,736
+632,966
| +41% | +$5.2M |
|
530
Ultragenyx Pharmaceutical
RARE
$2.55B
| $18.1M | 0.05% |
285,895
+91,705
| +47% | +$6M |
|
|
ASNA
531
DELISTED
Ascena Retail Group, Inc.
ASNA
| $18M | 0.04% |
81,240
+67,143
| +476% | +$11.8M |
|
532
AMC Entertainment Holdings
AMC
$2.28B
| $18M | 0.04% |
64,170
+37,556
| +141% | +$9M |
|
533
Icon
ICLR
$13.3B
| $18M | 0.04% |
+239,031
| New | +$16.8M |
|
|
CHSP
534
DELISTED
Chesapeake Lodging Trust
CHSP
| $17.9M | 0.04% |
676,903
-45,108
| -6% | -$1.14M |
|
|
AWH
535
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $17.9M | 0.04% |
512,345
+255,714
| +100% | +$8.77M |
|
|
CBPX
536
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $17.9M | 0.04% |
964,280
-151,841
| -14% | -$2.47M |
|
537
Hormel Foods
HRL
$13.1B
| $17.8M | 0.04% |
+411,656
| New | +$17.2M |
|
538
FerroAtlántica
GSM
$762M
| $17.8M | 0.04% |
2,017,187
-495,226
| -20% | -$4.27M |
|
|
JNS
539
DELISTED
Janus Capital Group Inc
JNS
| $17.7M | 0.04% |
1,211,591
+649,834
| +116% | +$8.45M |
|
540
Host Hotels & Resorts
HST
$15.9B
| $17.7M | 0.04% |
1,060,646
+531,080
| +100% | +$7.99M |
|
541
HP
HPQ
$27.2B
| $17.7M | 0.04% |
1,433,249
-1,247,443
| -47% | -$13.3M |
|
542
VanEck Oil Services ETF
OIH
$1.95B
| $17.6M | 0.04% |
+33,040
| New | +$16.2M |
|
|
EXTN
543
DELISTED
Exterran Corporation
EXTN
| $17.5M | 0.04% |
1,129,410
-652,272
| -37% | -$9.86M |
|
|
CIM
544
Chimera Investment
CIM
$964M
| $17.4M | 0.04% |
427,911
-77,973
| -15% | -$3.03M |
|
545
PPG Industries
PPG
$25.3B
| $17.4M | 0.04% |
156,274
-748,711
| -83% | -$73.6M |
|
|
FLIR
546
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $17.4M | 0.04% |
528,563
-362,494
| -41% | -$11.2M |
|
547
Canadian Solar
CSIQ
$988M
| $17.4M | 0.04% |
900,395
-1,006,533
| -53% | -$20.6M |
|
548
Innoviva
INVA
$1.52B
| $17.3M | 0.04% |
1,378,000
+1,112,174
| +418% | +$12.2M |
|
549
AtriCure
ATRC
$2.49B
| $17.3M | 0.04% |
1,030,449
+818,678
| +387% | +$14.4M |
|
|
PINC
550
DELISTED
Premier
PINC
| $17.2M | 0.04% |
517,019
+108,638
| +27% | +$3.54M |
|
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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.