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 | |
|---|---|---|---|---|---|---|
626
Smith & Wesson
SWBI
$612M
| $18.1M | 0.03% |
884,009
-207,790
| -19% | -$4.55M |
|
627
First Solar
FSLR
$22.4B
| $18M | 0.03% |
456,885
+57,755
| +14% | +$2.39M |
|
628
PUT
Patterson-UTI
PTEN
$4.52B
| $18M | 0.03% |
806,100
-457,800
| -36% | -$9.19M |
|
629
Boeing
BA
$166B
| $18M | 0.03% |
136,843
+72,424
| +112% | +$9.54M |
|
|
BRS
630
DELISTED
Bristow Group, Inc.
BRS
| $18M | 0.03% |
1,281,998
+964,355
| +304% | +$11.5M |
|
631
Bath & Body Works
BBWI
$3.86B
| $18M | 0.03% |
+313,880
| New | +$18.5M |
|
632
Vail Resorts
MTN
$5.35B
| $17.8M | 0.03% |
113,335
-150,080
| -57% | -$22.9M |
|
633
CALL
Caterpillar
CAT
$373B
| $17.8M | 0.03% |
+200,000
| New | +$16.4M |
|
|
MNDT
634
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $17.7M | 0.03% |
+1,204,931
| New | +$18.5M |
|
635
Fortive
FTV
$18.3B
| $17.7M | 0.03% |
+552,753
| New | +$17.7M |
|
636
Canadian Pacific Kansas City
CP
$83.2B
| $17.7M | 0.03% |
580,820
-629,345
| -52% | -$18.5M |
|
|
JOYY
637
JOYY Inc
JOYY
$3.7B
| $17.7M | 0.03% |
332,789
+161,661
| +94% | +$7.38M |
|
|
BEAV
638
DELISTED
B/E Aerospace Inc
BEAV
| $17.7M | 0.03% |
343,029
-530,460
| -61% | -$25.7M |
|
639
Avery Dennison
AVY
$13.9B
| $17.7M | 0.03% |
227,285
+44,748
| +25% | +$3.42M |
|
640
Monster Beverage
MNST
$95.8B
| $17.6M | 0.03% |
1,441,788
+966,672
| +203% | +$12.5M |
|
|
SEE
641
DELISTED
Sealed Air
SEE
| $17.6M | 0.03% |
384,155
+324,470
| +544% | +$15.3M |
|
642
Fluor
FLR
$6.86B
| $17.6M | 0.03% |
342,312
+331,626
| +3,103% | +$17.1M |
|
643
Casey's General Stores
CASY
$31.6B
| $17.6M | 0.03% |
146,116
-6,392
| -4% | -$823K |
|
644
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $17.5M | 0.03% |
300,000
| – | – |
|
645
Teradata
TDC
$2.56B
| $17.5M | 0.03% |
563,673
-164,625
| -23% | -$4.9M |
|
|
HCR
646
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $17.4M | 0.03% |
1,135,827
+554,739
| +95% | +$7.5M |
|
647
Equifax
EFX
$22.9B
| $17.4M | 0.03% |
129,246
-34,867
| -21% | -$4.62M |
|
648
Encompass Health
EHC
$11.9B
| $17.4M | 0.03% |
538,519
+249,326
| +86% | +$8.08M |
|
|
LLL
649
DELISTED
L3 Technologies, Inc.
LLL
| $17.4M | 0.03% |
115,184
-253,548
| -69% | -$37.8M |
|
650
PUT
Canadian National Railway
CNI
$77.1B
| $17.3M | 0.03% |
264,000
+214,000
| +428% | +$13.5M |
|
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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.