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 | |
|---|---|---|---|---|---|---|
|
LNKD
526
DELISTED
LinkedIn Corporation
LNKD
| $22.7M | 0.04% |
118,661
-96,516
| -45% | -$18.5M |
|
527
Valero Energy
VLO
$99.6B
| $22.6M | 0.04% |
+426,827
| New | +$22.8M |
|
528
Union Pacific
UNP
$184B
| $22.6M | 0.04% |
231,937
+222,562
| +2,374% | +$20.8M |
|
529
Novartis
NVS
$300B
| $22.6M | 0.04% |
319,309
+295,283
| +1,229% | +$21.5M |
|
530
Cemex
CX
$15.9B
| $22.6M | 0.04% |
2,957,501
+939,319
| +47% | +$6.92M |
|
|
NUAN
531
DELISTED
Nuance Communications, Inc.
NUAN
| $22.5M | 0.04% |
1,794,244
+1,295,609
| +260% | +$17M |
|
532
Ingevity
NGVT
$2.37B
| $22.4M | 0.04% |
486,949
+236,566
| +94% | +$9.99M |
|
533
CALL
AbbVie
ABBV
$467B
| $22.4M | 0.04% |
+354,400
| New | +$22.9M |
|
|
WBC
534
DELISTED
WABCO HOLDINGS INC.
WBC
| $22.3M | 0.04% |
196,654
-72,086
| -27% | -$7.35M |
|
535
ProShares Ultra Silver
AGQ
$1.64B
| $22.3M | 0.04% |
464,033
-36,917
| -7% | -$1.88M |
|
536
Oil States International
OIS
$501M
| $22.2M | 0.04% |
704,662
+663,205
| +1,600% | +$20.4M |
|
537
Carnival Corporation Ltd
CCL
$35.2B
| $22.1M | 0.04% |
453,337
+446,546
| +6,576% | +$20.7M |
|
538
Crane NXT
CXT
$2.87B
| $21.9M | 0.04% |
1,000,568
+188,984
| +23% | +$4.07M |
|
|
NBIS
539
Nebius Group N.V.
NBIS
$57.3B
| $21.9M | 0.04% |
1,039,707
+779,138
| +299% | +$16.9M |
|
540
Tyson Foods
TSN
$20.4B
| $21.9M | 0.04% |
292,964
+266,128
| +992% | +$19.5M |
|
541
CarMax
KMX
$8.91B
| $21.8M | 0.04% |
+407,905
| New | +$23.1M |
|
542
Chevron
CVX
$398B
| $21.7M | 0.04% |
+211,246
| New | +$21.6M |
|
|
P
543
DELISTED
Pandora Media Inc
P
| $21.5M | 0.04% |
+1,501,303
| New | +$20.3M |
|
|
AGEN
544
Agenus
AGEN
$345M
| $21.5M | 0.04% |
152,425
+2,253
| +2% | +$258K |
|
545
CareTrust REIT
CTRE
$9.37B
| $21.4M | 0.04% |
1,450,970
+82,988
| +6% | +$1.22M |
|
|
CPHD
546
DELISTED
Cepheid Inc
CPHD
| $21.4M | 0.04% |
406,467
-557,020
| -58% | -$22.2M |
|
|
MBLY
547
PUT
DELISTED
Mobileye N.V.
MBLY
| $21.3M | 0.04% |
500,000
+300,000
| +150% | +$13.9M |
|
548
Revvity
RVTY
$13.7B
| $21.2M | 0.04% |
377,935
-333,846
| -47% | -$18.2M |
|
|
NXTM
549
DELISTED
NxStage Medical Inc.
NXTM
| $21.2M | 0.04% |
848,415
-578,384
| -41% | -$13.5M |
|
550
Tower Semiconductor
TSEM
$23.9B
| $21.2M | 0.04% |
1,396,138
+1,210,457
| +652% | +$17.5M |
|
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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.