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 | |
|---|---|---|---|---|---|---|
676
Primerica
PRI
$9.24B
| $13.2M | 0.03% |
295,322
+3,715
| +1% | +$160K |
|
|
TIVO
677
DELISTED
TIVO INC
TIVO
| $13.1M | 0.03% |
1,381,752
+1,016,694
| +279% | +$8.17M |
|
|
TRVN
678
DELISTED
Trevena, Inc.
TRVN
| $13.1M | 0.03% |
2,542
+563
| +28% | +$2.84M |
|
679
Check Point Software Technologies
CHKP
$13.3B
| $13.1M | 0.03% |
+150,116
| New | +$12.1M |
|
680
GameStop
GME
$8.06B
| $13.1M | 0.03% |
1,649,484
+1,280,828
| +347% | +$9.21M |
|
|
MRC
681
DELISTED
MRC Global
MRC
| $13M | 0.03% |
992,815
+495,882
| +100% | +$5.71M |
|
682
Amphenol
APH
$192B
| $13M | 0.03% |
901,580
+865,860
| +2,424% | +$11.2M |
|
683
PTC
PTC
$16.8B
| $13M | 0.03% |
392,607
-359,880
| -48% | -$11.1M |
|
684
American International
AIG
$40.4B
| $13M | 0.03% |
240,803
-393,824
| -62% | -$21.3M |
|
685
Sunstone Hotel Investors
SHO
$2.1B
| $13M | 0.03% |
927,625
-429,833
| -32% | -$5.29M |
|
686
PUT
Vale
VALE
$63.7B
| $13M | 0.03% |
3,084,600
-1,723,400
| -36% | -$5.35M |
|
|
ROIC
687
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $13M | 0.03% |
644,993
-616,254
| -49% | -$11.4M |
|
|
VER
688
DELISTED
VEREIT, Inc.
VER
| $12.9M | 0.03% |
291,981
-106,333
| -27% | -$4.22M |
|
689
Lexicon Pharmaceuticals
LXRX
$1.03B
| $12.9M | 0.03% |
1,079,140
+228,733
| +27% | +$2.4M |
|
|
SHPG
690
CALL
DELISTED
Shire pic
SHPG
| $12.9M | 0.03% |
+75,000
| New | +$12.6M |
|
|
KLXI
691
DELISTED
KLX Inc.
KLXI
| $12.9M | 0.03% |
474,995
-268,627
| -36% | -$6.57M |
|
692
Kinross Gold
KGC
$38.7B
| $12.9M | 0.03% |
3,784,806
-159,070
| -4% | -$395K |
|
|
EXAS
693
DELISTED
Exact Sciences
EXAS
| $12.9M | 0.03% |
1,907,278
-1,727,680
| -48% | -$11.1M |
|
694
Itron
ITRI
$4.33B
| $12.8M | 0.03% |
306,856
+285,859
| +1,361% | +$10.6M |
|
|
KTWO
695
DELISTED
K2M Group Holdings, Inc
KTWO
| $12.8M | 0.03% |
862,811
+292,511
| +51% | +$4.02M |
|
696
Kimco Realty
KIM
$16.2B
| $12.8M | 0.03% |
443,096
-308,571
| -41% | -$8.33M |
|
697
Orthofix Medical
OFIX
$396M
| $12.7M | 0.03% |
306,505
-117,744
| -28% | -$4.62M |
|
698
Wabash National
WNC
$494M
| $12.7M | 0.03% |
962,265
+810,498
| +534% | +$9.46M |
|
|
MRSH
699
Marsh
MRSH
$92.5B
| $12.7M | 0.03% |
208,276
-312,835
| -60% | -$17.5M |
|
|
OA
700
DELISTED
Orbital ATK, Inc.
OA
| $12.6M | 0.03% |
145,105
-123,639
| -46% | -$10.5M |
|
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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.