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 | |
|---|---|---|---|---|---|---|
676
Designer Brands
DBI
$297M
| $16.2M | 0.03% |
792,817
+739,836
| +1,396% | +$17.4M |
|
677
CVR Energy
CVI
$3.82B
| $16.2M | 0.03% |
+1,178,659
| New | +$16.9M |
|
678
CNX Resources
CNX
$5.4B
| $16.2M | 0.03% |
1,014,108
+881,388
| +664% | +$13M |
|
679
CALL
IQVIA
IQV
$42.8B
| $16.2M | 0.03% |
+200,000
| New | +$15.1M |
|
|
CCP
680
DELISTED
Care Capital Properties, Inc.
CCP
| $16.2M | 0.03% |
568,152
-272,645
| -32% | -$7.89M |
|
681
CALL
iShares US Real Estate ETF
IYR
$4.67B
| $16.1M | 0.03% |
+200,000
| New | +$16.6M |
|
682
PUT
Martin Marietta Materials
MLM
$32B
| $16.1M | 0.03% |
90,000
+60,000
| +200% | +$11.5M |
|
|
BDN
683
Brandywine Realty Trust
BDN
$548M
| $16.1M | 0.03% |
1,031,895
+482,365
| +88% | +$7.86M |
|
|
IVC
684
DELISTED
Invacare Corporation
IVC
| $16.1M | 0.03% |
1,442,621
+192,406
| +15% | +$2.32M |
|
|
GIMO
685
DELISTED
Gigamon Inc.
GIMO
| $16M | 0.03% |
292,562
-397,339
| -58% | -$18.1M |
|
686
EQT Corp
EQT
$33.6B
| $15.9M | 0.03% |
401,293
-199,007
| -33% | -$7.87M |
|
687
TransUnion
TRU
$16.3B
| $15.9M | 0.03% |
459,459
+396,064
| +625% | +$13.3M |
|
688
Huntington Ingalls Industries
HII
$11.6B
| $15.8M | 0.03% |
103,084
+71,084
| +222% | +$11.8M |
|
689
Hasbro
HAS
$13.5B
| $15.8M | 0.03% |
198,951
-110,919
| -36% | -$9.01M |
|
690
Brady Corp
BRC
$4.45B
| $15.8M | 0.03% |
455,060
+5,218
| +1% | +$172K |
|
691
Commault Systems
CVLT
$5.43B
| $15.7M | 0.03% |
295,621
+70,915
| +32% | +$3.56M |
|
692
PUT
SLB Ltd
SLB
$80.1B
| $15.7M | 0.03% |
+199,100
| New | +$15.8M |
|
|
EXPR
693
DELISTED
Express, Inc.
EXPR
| $15.6M | 0.03% |
66,184
-39,165
| -37% | -$10.6M |
|
694
Arthur J. Gallagher & Co
AJG
$69.7B
| $15.6M | 0.03% |
305,769
-124,381
| -29% | -$6.14M |
|
695
PUT
SolarEdge
SEDG
$1.85B
| $15.5M | 0.03% |
+900,000
| New | +$15.9M |
|
696
Itaú Unibanco
ITUB
$82.9B
| $15.5M | 0.03% |
3,213,499
+1,034,154
| +47% | +$4.89M |
|
697
B2Gold
BTG
$7.56B
| $15.4M | 0.03% |
5,836,744
+5,633,194
| +2,767% | +$16.7M |
|
698
Oxford Industries
OXM
$546M
| $15.3M | 0.03% |
+226,222
| New | +$14.2M |
|
699
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $15.3M | 0.03% |
+617,854
| New | +$15M |
|
700
Vishay Intertechnology
VSH
$4.67B
| $15.3M | 0.03% |
1,084,937
+423,086
| +64% | +$5.69M |
|
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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.