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 | |
|---|---|---|---|---|---|---|
|
ERF
576
DELISTED
Enerplus Corporation
ERF
| $19.8M | 0.03% |
3,094,078
-308,257
| -9% | -$2.02M |
|
577
Lowe's Companies
LOW
$122B
| $19.8M | 0.03% |
274,565
-1,182,661
| -81% | -$92M |
|
578
MDU Resources
MDU
$4.2B
| $19.8M | 0.03% |
+2,046,616
| New | +$18.7M |
|
|
CHS
579
DELISTED
Chicos FAS, Inc.
CHS
| $19.8M | 0.03% |
1,661,648
+1,279,289
| +335% | +$15.1M |
|
580
Meritage Homes
MTH
$4.73B
| $19.8M | 0.03% |
1,139,518
+962,642
| +544% | +$17.5M |
|
581
Lockheed Martin
LMT
$130B
| $19.8M | 0.03% |
82,470
+23,356
| +40% | +$5.85M |
|
582
Pool Corp
POOL
$6.84B
| $19.7M | 0.03% |
208,413
+126,842
| +155% | +$12.5M |
|
583
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $19.6M | 0.03% |
1,017,800
+562,142
| +123% | +$11.6M |
|
584
PUT
iShares US Home Construction ETF
ITB
$2.28B
| $19.6M | 0.03% |
712,000
+520,000
| +271% | +$14.9M |
|
585
Healthcare Realty
HR
$6.62B
| $19.6M | 0.03% |
601,021
-560,680
| -48% | -$18.6M |
|
586
BorgWarner
BWA
$13.1B
| $19.6M | 0.03% |
633,004
+576,895
| +1,028% | +$17M |
|
|
PRMW
587
DELISTED
Primo Water Corporation
PRMW
| $19.6M | 0.03% |
1,375,183
-190,463
| -12% | -$2.92M |
|
588
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.67B
| $19.5M | 0.03% |
176,621
-7,471
| -4% | -$813K |
|
589
AGCO
AGCO
$7.71B
| $19.5M | 0.03% |
394,431
+157,914
| +67% | +$7.58M |
|
|
FLOW
590
DELISTED
SPX FLOW, Inc.
FLOW
| $19.3M | 0.03% |
625,431
+326,716
| +109% | +$9.11M |
|
591
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $19.3M | 0.03% |
+515,100
| New | +$18.8M |
|
|
BUFF
592
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $19.3M | 0.03% |
811,375
+110,908
| +16% | +$2.81M |
|
593
Idexx Laboratories
IDXX
$44.1B
| $19.3M | 0.03% |
171,002
+150,407
| +730% | +$15.9M |
|
594
Carter's
CRI
$1.26B
| $19.3M | 0.03% |
222,083
-349,129
| -61% | -$35M |
|
595
Xerox
XRX
$374M
| $19.2M | 0.03% |
719,584
+40,416
| +6% | +$1.04M |
|
|
VXX
596
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $19.2M | 0.03% |
140,625
+109,375
| +350% | +$17.5M |
|
597
Antero Resources
AR
$11.7B
| $19.1M | 0.03% |
709,713
+217,055
| +44% | +$5.78M |
|
598
WEC Energy
WEC
$35.1B
| $19.1M | 0.03% |
318,851
-34,879
| -10% | -$2.18M |
|
|
CLGX
599
DELISTED
Corelogic, Inc.
CLGX
| $19M | 0.03% |
484,621
-418,069
| -46% | -$16.7M |
|
600
Scorpio Tankers
STNG
$3.92B
| $19M | 0.03% |
410,225
+158,115
| +63% | +$7.6M |
|
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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.