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 | |
|---|---|---|---|---|---|---|
576
Spectrum Brands
SPB
$2B
| $19.9M | 0.04% |
195,186
-2,465
| -1% | -$236K |
|
|
PHH
577
DELISTED
PHH Corporation
PHH
| $19.8M | 0.04% |
1,224,710
+105,214
| +9% | +$1.63M |
|
578
Texas Capital Bancshares
TCBI
$4.27B
| $19.8M | 0.04% |
400,830
+330,510
| +470% | +$18M |
|
|
IM
579
DELISTED
Ingram Micro
IM
| $19.8M | 0.04% |
651,489
-657,982
| -50% | -$19.9M |
|
580
Campbell Soup
CPB
$7.14B
| $19.7M | 0.04% |
374,279
+370,279
| +9,257% | +$19M |
|
|
CBPX
581
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $19.5M | 0.04% |
1,116,121
+14,677
| +1% | +$269K |
|
582
Toll Brothers
TOL
$13.7B
| $19.5M | 0.04% |
+584,948
| New | +$20.9M |
|
583
Liberty Media Series C
FWONK
$26.3B
| $19.4M | 0.04% |
720,712
+207,382
| +40% | +$5.62M |
|
584
Affiliated Managers Group
AMG
$9.21B
| $19.4M | 0.04% |
121,438
-159,516
| -57% | -$27.4M |
|
|
PEGI
585
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $19.3M | 0.04% |
925,019
-80,603
| -8% | -$1.67M |
|
|
KLXI
586
DELISTED
KLX Inc.
KLXI
| $19.3M | 0.04% |
743,622
+160,318
| +27% | +$4.73M |
|
587
Booz Allen Hamilton
BAH
$9.27B
| $19.3M | 0.04% |
+625,170
| New | +$18.1M |
|
588
Pfizer
PFE
$160B
| $19.3M | 0.04% |
628,692
-479,754
| -43% | -$15.1M |
|
589
Transocean
RIG
$6.61B
| $19.2M | 0.04% |
1,551,934
+1,500,934
| +2,943% | +$21.6M |
|
590
Boston Beer
SAM
$1.91B
| $19.1M | 0.04% |
+94,779
| New | +$20.8M |
|
591
ON Semiconductor
ON
$28.9B
| $19.1M | 0.04% |
1,951,044
+1,332,197
| +215% | +$14M |
|
592
TSMC
TSM
$2.17T
| $19.1M | 0.04% |
840,138
+674,615
| +408% | +$15.2M |
|
|
GTLS
593
DELISTED
Chart Industries
GTLS
| $19.1M | 0.04% |
1,062,660
+21,140
| +2% | +$424K |
|
|
NTRI
594
DELISTED
NutriSystem, Inc.
NTRI
| $19M | 0.04% |
880,072
+466,383
| +113% | +$11M |
|
|
TERP
595
DELISTED
TerraForm Power, Inc
TERP
| $19M | 0.04% |
1,511,182
+951,436
| +170% | +$13.6M |
|
|
TWO
596
Two Harbors Investment
TWO
$1.27B
| $19M | 0.04% |
293,321
-149,754
| -34% | -$10.2M |
|
|
BHI
597
DELISTED
Baker Hughes
BHI
| $19M | 0.04% |
411,837
+398,156
| +2,910% | +$20.4M |
|
598
TherapeuticsMD
TXMD
$23.8M
| $19M | 0.04% |
36,568
-3,885
| -10% | -$1.43M |
|
|
INFN
599
DELISTED
Infinera Corporation Common Stock
INFN
| $18.9M | 0.04% |
1,044,766
+949,167
| +993% | +$18.9M |
|
600
Dycom Industries
DY
$11.8B
| $18.9M | 0.04% |
270,464
+114,319
| +73% | +$9.09M |
|
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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.