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 | |
|---|---|---|---|---|---|---|
551
United Rentals
URI
$67.4B
| $21.2M | 0.04% |
269,721
+242,318
| +884% | +$18.6M |
|
|
SYNH
552
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $21.1M | 0.04% |
473,952
+383,780
| +426% | +$16.6M |
|
|
GHDX
553
DELISTED
Genomic Health, Inc.
GHDX
| $21.1M | 0.04% |
729,935
-106,350
| -13% | -$2.96M |
|
554
Federal Realty Investment Trust
FRT
$10.2B
| $21.1M | 0.04% |
137,071
+135,842
| +11,053% | +$22M |
|
|
LTRPA
555
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $21.1M | 0.04% |
963,969
+848,033
| +731% | +$18.5M |
|
556
PayPal
PYPL
$52.8B
| $21.1M | 0.04% |
513,958
-885,717
| -63% | -$34M |
|
|
IBKC
557
DELISTED
IBERIABANK Corp
IBKC
| $21.1M | 0.04% |
313,678
-105,274
| -25% | -$6.84M |
|
558
AMC Entertainment Holdings
AMC
$2.38B
| $21M | 0.04% |
67,534
-8,993
| -12% | -$2.69M |
|
559
IBM
IBM
$218B
| $20.9M | 0.04% |
+137,839
| New | +$20.9M |
|
560
Steris
STE
$23.2B
| $20.9M | 0.04% |
286,000
-26,989
| -9% | -$1.91M |
|
561
Morgan Stanley
MS
$336B
| $20.8M | 0.03% |
649,476
+596,484
| +1,126% | +$17.8M |
|
562
Entergy
ETR
$49.4B
| $20.8M | 0.03% |
542,196
-204,294
| -27% | -$8.13M |
|
563
Enbridge
ENB
$109B
| $20.6M | 0.03% |
466,327
+142,448
| +44% | +$5.97M |
|
|
ZEN
564
DELISTED
ZENDESK INC
ZEN
| $20.6M | 0.03% |
+670,329
| New | +$19.9M |
|
565
CALL
VanEck Oil Services ETF
OIH
$1.94B
| $20.5M | 0.03% |
+35,000
| New | +$19.8M |
|
566
Sabra Healthcare REIT
SBRA
$5.23B
| $20.5M | 0.03% |
812,351
-84,047
| -9% | -$2.01M |
|
|
SONC
567
DELISTED
Sonic Corp
SONC
| $20.4M | 0.03% |
780,551
+522,649
| +203% | +$14.4M |
|
568
Itron
ITRI
$4.32B
| $20.4M | 0.03% |
366,112
+161,228
| +79% | +$7.73M |
|
569
CALL
Boston Scientific
BSX
$71B
| $20.2M | 0.03% |
850,000
+650,000
| +325% | +$15.5M |
|
|
JNS
570
DELISTED
Janus Capital Group Inc
JNS
| $20.1M | 0.03% |
+1,434,538
| New | +$20.8M |
|
|
FISV
571
Fiserv Inc
FISV
$28.2B
| $20M | 0.03% |
+402,752
| New | +$21.1M |
|
572
Southern Copper
SCCO
$181B
| $20M | 0.03% |
830,706
+97,656
| +13% | +$2.33M |
|
|
SRCL
573
DELISTED
Stericycle Inc
SRCL
| $20M | 0.03% |
249,165
+179,234
| +256% | +$16.2M |
|
574
Consolidated Edison
ED
$39.8B
| $20M | 0.03% |
+265,000
| New | +$20.6M |
|
575
AMC Global Media
AMCX
$512M
| $19.8M | 0.03% |
382,473
+177,878
| +87% | +$9.75M |
|
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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.