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 | |
|---|---|---|---|---|---|---|
601
Texas Capital Bancshares
TCBI
$4.26B
| $15.4M | 0.04% |
401,274
+444
| +0.1% | +$16.4K |
|
602
Etsy
ETSY
$7.99B
| $15.3M | 0.04% |
1,757,500
-92,132
| -5% | -$737K |
|
603
Alnylam Pharmaceuticals
ALNY
$31.6B
| $15.3M | 0.04% |
243,203
+206,690
| +566% | +$13.7M |
|
604
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $15.2M | 0.04% |
186,547
+133,655
| +253% | +$10.6M |
|
|
CIE
605
DELISTED
Cobalt International Energy, Inc
CIE
| $15.1M | 0.04% |
339,528
-457,776
| -57% | -$21.8M |
|
|
ACH
606
Accendra Health
ACH
$89.2M
| $15.1M | 0.04% |
372,391
+228,530
| +159% | +$8.51M |
|
607
Robert Half
RHI
$4.62B
| $15.1M | 0.04% |
323,153
-18,039
| -5% | -$756K |
|
608
Boeing
BA
$166B
| $15M | 0.04% |
118,512
+87,134
| +278% | +$10.8M |
|
609
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.67B
| $15M | 0.04% |
145,866
+131,014
| +882% | +$13.1M |
|
610
Westlake Corp
WLK
$9.78B
| $15M | 0.04% |
323,581
-54,525
| -14% | -$2.47M |
|
611
SLB Ltd
SLB
$80.1B
| $15M | 0.04% |
203,102
+193,802
| +2,084% | +$13.6M |
|
612
iShares Russell 1000 ETF
IWB
$48.8B
| $15M | 0.04% |
+131,211
| New | +$14.2M |
|
613
Flowserve
FLS
$10.2B
| $15M | 0.04% |
+336,721
| New | +$13.9M |
|
614
Sony
SONY
$142B
| $15M | 0.04% |
2,906,575
+117,630
| +4% | +$539K |
|
615
US Bancorp
USB
$97.3B
| $14.9M | 0.04% |
367,758
+55,438
| +18% | +$2.21M |
|
616
Entergy
ETR
$49.4B
| $14.9M | 0.04% |
376,386
-626,818
| -62% | -$22.8M |
|
617
Bristol-Myers Squibb
BMY
$137B
| $14.8M | 0.04% |
232,340
-1,468,702
| -86% | -$92.6M |
|
618
Costco
COST
$431B
| $14.8M | 0.04% |
93,739
-120,380
| -56% | -$18.2M |
|
619
CNO Financial Group
CNO
$5.02B
| $14.7M | 0.04% |
820,173
+465,413
| +131% | +$8.1M |
|
620
TriNet
TNET
$3.19B
| $14.7M | 0.04% |
1,023,937
+926,177
| +947% | +$13.1M |
|
|
RAX
621
DELISTED
Rackspace Hosting Inc
RAX
| $14.6M | 0.04% |
677,933
-831,829
| -55% | -$17M |
|
622
AerCap
AER
$23.2B
| $14.6M | 0.04% |
+377,238
| New | +$13M |
|
|
WP
623
DELISTED
Worldpay, Inc.
WP
| $14.6M | 0.04% |
271,342
-2,197,294
| -89% | -$108M |
|
|
TFCF
624
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $14.5M | 0.04% |
514,289
-715,030
| -58% | -$19.2M |
|
625
CALL
Ecolab
ECL
$80.4B
| $14.5M | 0.04% |
+130,000
| New | +$13.8M |
|
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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.