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 | |
|---|---|---|---|---|---|---|
|
VISN
551
Vistance Networks Inc
VISN
$2.59B
| $17.2M | 0.04% |
617,164
+7,137
| +1% | +$173K |
|
|
LQ
552
DELISTED
La Quinta Holdings Inc.
LQ
| $17.1M | 0.04% |
1,367,914
-345,254
| -20% | -$3.92M |
|
553
Revvity
RVTY
$13.9B
| $17.1M | 0.04% |
345,515
+215,146
| +165% | +$10.3M |
|
554
AptarGroup
ATR
$8.57B
| $17M | 0.04% |
217,254
-157,971
| -42% | -$11.6M |
|
555
Designer Brands
DBI
$292M
| $17M | 0.04% |
+614,849
| New | +$15.4M |
|
|
ICPT
556
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $16.9M | 0.04% |
131,871
+125,521
| +1,977% | +$14.8M |
|
|
PHH
557
DELISTED
PHH Corporation
PHH
| $16.8M | 0.04% |
1,343,232
+118,522
| +10% | +$1.42M |
|
558
Philip Morris
PM
$293B
| $16.8M | 0.04% |
+171,514
| New | +$15.7M |
|
|
SAGE
559
DELISTED
Sage Therapeutics
SAGE
| $16.8M | 0.04% |
523,461
+4,723
| +0.9% | +$166K |
|
|
JOY
560
DELISTED
Joy Global Inc
JOY
| $16.7M | 0.04% |
1,041,158
-657,126
| -39% | -$8.27M |
|
561
Johnson Controls International
JCI
$86.7B
| $16.7M | 0.04% |
409,676
-301,972
| -42% | -$11.5M |
|
562
Cameco
CCJ
$44.6B
| $16.7M | 0.04% |
1,296,788
+814,664
| +169% | +$9.75M |
|
|
SCAI
563
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $16.6M | 0.04% |
358,619
+119,809
| +50% | +$5.02M |
|
564
Magna International
MGA
$19.5B
| $16.5M | 0.04% |
385,028
-532,823
| -58% | -$19.8M |
|
|
ISIL
565
DELISTED
Intersil Corp
ISIL
| $16.5M | 0.04% |
1,236,572
+874,209
| +241% | +$10.9M |
|
566
CF Industries
CF
$19.6B
| $16.5M | 0.04% |
526,312
-480,093
| -48% | -$15.7M |
|
|
APC
567
PUT
DELISTED
Anadarko Petroleum
APC
| $16.5M | 0.04% |
353,700
+248,000
| +235% | +$10.1M |
|
|
CRZO
568
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $16.5M | 0.04% |
+532,115
| New | +$13.4M |
|
|
KCG
569
DELISTED
KCG Holdings, Inc.
KCG
| $16.4M | 0.04% |
1,375,947
+818,001
| +147% | +$9.08M |
|
570
New Jersey Resources
NJR
$5.43B
| $16.4M | 0.04% |
451,017
+98,913
| +28% | +$3.43M |
|
571
Macy's
M
$6B
| $16.4M | 0.04% |
371,703
+142,642
| +62% | +$5.9M |
|
572
Dine Brands
DIN
$454M
| $16.4M | 0.04% |
175,176
+66,083
| +61% | +$5.79M |
|
573
Target
TGT
$75.1B
| $16.3M | 0.04% |
198,437
-110,494
| -36% | -$8.34M |
|
574
Estee Lauder
EL
$36.9B
| $16.2M | 0.04% |
+171,872
| New | +$15.3M |
|
575
PUT
State Street SPDR S&P Retail ETF
XRT
$491M
| $16.2M | 0.04% |
+350,000
| New | +$14.8M |
|
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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.