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 | |
|---|---|---|---|---|---|---|
651
ServiceNow
NOW
$132B
| $17.3M | 0.03% |
1,090,070
+289,730
| +36% | +$4.27M |
|
652
Matador Resources
MTDR
$7.12B
| $17.3M | 0.03% |
708,895
+496,190
| +233% | +$10.9M |
|
|
LPT
653
DELISTED
Liberty Property Trust
LPT
| $17.3M | 0.03% |
427,526
+216,009
| +102% | +$8.73M |
|
|
TSS
654
DELISTED
Total System Services, Inc.
TSS
| $17.2M | 0.03% |
364,877
+265,274
| +266% | +$13.3M |
|
655
Copa Holdings
CPA
$5.95B
| $17.2M | 0.03% |
+195,404
| New | +$14.8M |
|
|
PMC
656
DELISTED
PharMerica Corporation
PMC
| $17.1M | 0.03% |
609,284
+387,074
| +174% | +$9.92M |
|
657
Automatic Data Processing
ADP
$112B
| $17M | 0.03% |
192,279
-91,420
| -32% | -$8.28M |
|
658
Willis Towers Watson
WTW
$32.6B
| $17M | 0.03% |
+127,686
| New | +$15.9M |
|
|
WFT
659
DELISTED
Weatherford International plc
WFT
| $16.9M | 0.03% |
3,015,044
+1,147,813
| +61% | +$6.52M |
|
|
CMA.WS
660
DELISTED
Comerica Incorporated Ws
CMA.WS
| $16.9M | 0.03% |
922,779
-12,800
| -1% | -$213K |
|
|
ISEE
661
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $16.8M | 0.03% |
364,953
-439,341
| -55% | -$24.8M |
|
662
ON Semiconductor
ON
$28B
| $16.8M | 0.03% |
1,366,393
-47,089
| -3% | -$487K |
|
|
LSXMA
663
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $16.8M | 0.03% |
+683,570
| New | +$16.6M |
|
664
Motorola Solutions
MSI
$79.7B
| $16.8M | 0.03% |
219,868
+111,836
| +104% | +$8.17M |
|
665
Norwegian Cruise Line
NCLH
$7.91B
| $16.7M | 0.03% |
442,640
-141,791
| -24% | -$5.5M |
|
|
TFCF
666
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $16.7M | 0.03% |
673,990
+408,299
| +154% | +$10.6M |
|
667
Cenovus Energy
CVE
$59.3B
| $16.7M | 0.03% |
1,159,180
-925,624
| -44% | -$13.2M |
|
668
Gartner
IT
$12.8B
| $16.6M | 0.03% |
188,237
+37,892
| +25% | +$3.55M |
|
669
Copart
CPRT
$30.8B
| $16.6M | 0.03% |
2,472,120
+2,249,496
| +1,010% | +$14.3M |
|
670
Norfolk Southern
NSC
$79.3B
| $16.5M | 0.03% |
170,186
-829,837
| -83% | -$75.5M |
|
671
LCI Industries
LCII
$2.54B
| $16.5M | 0.03% |
168,212
+67,293
| +67% | +$6.4M |
|
672
Donaldson
DCI
$10.7B
| $16.5M | 0.03% |
440,874
+121,902
| +38% | +$4.44M |
|
673
iShares MSCI EAFE ETF
EFA
$79.9B
| $16.3M | 0.03% |
+275,934
| New | +$16M |
|
|
LSXMK
674
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $16.3M | 0.03% |
640,663
-165,515
| -21% | -$4.18M |
|
675
Diamondrock Hospitality Co
DRH
$2.61B
| $16.3M | 0.03% |
1,787,099
+310,074
| +21% | +$3.03M |
|
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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.