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 | |
|---|---|---|---|---|---|---|
576
CALL
Hershey
HSY
$38.1B
| $16.1M | 0.04% |
175,000
+75,000
| +75% | +$6.69M |
|
577
Kite Realty
KRG
$5.26B
| $16.1M | 0.04% |
580,264
+365,680
| +170% | +$9.7M |
|
578
Aflac
AFL
$59.1B
| $16M | 0.04% |
507,944
+482,544
| +1,900% | +$14.3M |
|
579
PUT
Core Laboratories
CLB
$550M
| $16M | 0.04% |
142,100
+58,200
| +69% | +$6.05M |
|
|
BNY
580
Bank of New York Mellon
BNY
$110B
| $16M | 0.04% |
433,540
-2,218,376
| -84% | -$80.4M |
|
581
Strategy Inc
MSTR
$49.4B
| $15.9M | 0.04% |
886,730
-1,955,880
| -69% | -$31.7M |
|
582
Flex
FLEX
$39.6B
| $15.9M | 0.04% |
1,752,676
-5,234,045
| -75% | -$42.1M |
|
583
Sabra Healthcare REIT
SBRA
$5.21B
| $15.9M | 0.04% |
792,114
+254,583
| +47% | +$4.88M |
|
584
Western Digital
WDC
$157B
| $15.9M | 0.04% |
444,758
+128,908
| +41% | +$4.61M |
|
585
Moody's
MCO
$87.5B
| $15.8M | 0.04% |
+163,717
| New | +$14.7M |
|
586
Lear
LEA
$8.23B
| $15.8M | 0.04% |
142,114
+1,576
| +1% | +$167K |
|
587
Fidelity National Financial
FNF
$12.7B
| $15.7M | 0.04% |
+668,867
| New | +$15M |
|
|
COR
588
DELISTED
Coresite Realty Corporation
COR
| $15.7M | 0.04% |
224,810
-577,510
| -72% | -$36.2M |
|
|
LMNX
589
DELISTED
Luminex Corp
LMNX
| $15.7M | 0.04% |
810,285
+96,365
| +13% | +$1.84M |
|
|
WPG
590
DELISTED
Washington Prime Group Inc.
WPG
| $15.7M | 0.04% |
183,680
+102,626
| +127% | +$8.34M |
|
|
ATW
591
DELISTED
Atwood Oceanics
ATW
| $15.7M | 0.04% |
1,710,573
-1,473,868
| -46% | -$11.1M |
|
592
Nucor
NUE
$55.9B
| $15.7M | 0.04% |
+331,504
| New | +$13.5M |
|
|
PPLI
593
People Inc
PPLI
$2.89B
| $15.6M | 0.04% |
1,854,727
-1,946,642
| -51% | -$16.8M |
|
|
GNC
594
DELISTED
GNC Holdings, Inc.
GNC
| $15.6M | 0.04% |
489,938
+75,763
| +18% | +$2.17M |
|
595
Liberty Media Series C
FWONK
$26.7B
| $15.5M | 0.04% |
575,961
-144,751
| -20% | -$3.6M |
|
|
BRCD
596
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $15.5M | 0.04% |
1,467,774
+297,422
| +25% | +$2.71M |
|
597
Sinclair Inc
SBGI
$1.06B
| $15.5M | 0.04% |
502,673
-1,364,427
| -73% | -$41.9M |
|
598
Albemarle
ALB
$16.7B
| $15.5M | 0.04% |
241,698
-795,216
| -77% | -$43.6M |
|
599
Clorox
CLX
$13.1B
| $15.5M | 0.04% |
122,577
-24,626
| -17% | -$3.13M |
|
600
Tyson Foods
TSN
$20.4B
| $15.4M | 0.04% |
231,336
-1,082,237
| -82% | -$65.1M |
|
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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.