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 | |
|---|---|---|---|---|---|---|
|
ETP
601
DELISTED
Energy Transfer Partners, L.P.
ETP
| $19M | 0.03% |
668,248
-174,035
| -21% | -$5.06M |
|
|
MRO
602
PUT
DELISTED
Marathon Oil Corporation
MRO
| $19M | 0.03% |
1,200,000
+200,000
| +20% | +$2.97M |
|
|
CBL
603
DELISTED
CBL& Associates Properties, Inc.
CBL
| $19M | 0.03% |
1,562,106
-703,621
| -31% | -$8.57M |
|
604
Mastercard
MA
$525B
| $19M | 0.03% |
186,257
-335,367
| -64% | -$32.2M |
|
|
GRUB
605
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $19M | 0.03% |
220,429
+92,135
| +72% | +$6.91M |
|
606
CALL
Merck
MRK
$372B
| $18.9M | 0.03% |
318,068
+213,268
| +204% | +$12.5M |
|
607
Brown & Brown
BRO
$25B
| $18.9M | 0.03% |
+1,001,084
| New | +$18.5M |
|
|
GNC
608
DELISTED
GNC Holdings, Inc.
GNC
| $18.9M | 0.03% |
923,360
+447,168
| +94% | +$9.79M |
|
609
HCA Healthcare
HCA
$92.9B
| $18.8M | 0.03% |
248,864
+173,993
| +232% | +$13.3M |
|
610
CubeSmart
CUBE
$9.21B
| $18.7M | 0.03% |
687,458
-9,752
| -1% | -$280K |
|
|
PX
611
DELISTED
Praxair Inc
PX
| $18.6M | 0.03% |
154,214
-466,346
| -75% | -$55.2M |
|
612
O'Reilly Automotive
ORLY
$73.4B
| $18.5M | 0.03% |
+988,965
| New | +$18.5M |
|
613
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.54B
| $18.5M | 0.03% |
+563,180
| New | +$18.9M |
|
614
Eagle Materials
EXP
$6.27B
| $18.4M | 0.03% |
238,095
-213,326
| -47% | -$17.1M |
|
|
GWPH
615
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $18.4M | 0.03% |
138,338
+132,162
| +2,140% | +$12.6M |
|
616
Alamos Gold
AGI
$16B
| $18.3M | 0.03% |
2,235,271
+2,099,312
| +1,544% | +$18.3M |
|
|
MNTA
617
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $18.3M | 0.03% |
1,567,167
+1,085,024
| +225% | +$12.8M |
|
|
TWTR
618
DELISTED
Twitter, Inc.
TWTR
| $18.3M | 0.03% |
+792,832
| New | +$14.9M |
|
|
PVTB
619
DELISTED
PrivateBancorp Inc
PVTB
| $18.3M | 0.03% |
397,732
-173,252
| -30% | -$7.78M |
|
620
Cardinal Health
CAH
$54B
| $18.3M | 0.03% |
234,966
+21,239
| +10% | +$1.72M |
|
621
Sabesp
SBS
$16.3B
| $18.2M | 0.03% |
10,139,430
-2,942,044
| -22% | -$5.22M |
|
622
Semtech
SMTC
$11.3B
| $18.2M | 0.03% |
655,687
+220,405
| +51% | +$5.68M |
|
|
COR
623
DELISTED
Coresite Realty Corporation
COR
| $18.1M | 0.03% |
245,013
-20,801
| -8% | -$1.69M |
|
624
Trinity Industries
TRN
$2.37B
| $18.1M | 0.03% |
1,039,362
+631,547
| +155% | +$10.4M |
|
|
EXAS
625
DELISTED
Exact Sciences
EXAS
| $18.1M | 0.03% |
972,949
-3,333,596
| -77% | -$58.7M |
|
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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.