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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
EPR Properties
EPR
$4.63B
| $14.9M | 0.03% |
255,292
-50,160
| -16% | -$2.8M |
|
702
Jones Lang LaSalle
JLL
$17.8B
| $14.9M | 0.03% |
93,207
+59,971
| +180% | +$9.49M |
|
703
Golar LNG
GLNG
$5.23B
| $14.9M | 0.03% |
941,662
+924,962
| +5,539% | +$23.6M |
|
704
GATX Corp
GATX
$6.28B
| $14.8M | 0.03% |
+348,929
| New | +$15.7M |
|
705
Cousins Properties
CUZ
$4.92B
| $14.8M | 0.03% |
557,204
-425,259
| -43% | -$11.6M |
|
706
James River Group Holdings
JRVR
$190M
| $14.7M | 0.03% |
439,016
-140,944
| -24% | -$4.27M |
|
707
Regions Financial
RF
$26.1B
| $14.7M | 0.03% |
1,527,087
+71,845
| +5% | +$689K |
|
|
ELGX
708
DELISTED
Endologix Inc
ELGX
| $14.6M | 0.03% |
147,189
-38,453
| -21% | -$4.12M |
|
709
Tapestry
TPR
$26.3B
| $14.5M | 0.03% |
443,691
+25,945
| +6% | +$807K |
|
|
CBL
710
DELISTED
CBL& Associates Properties, Inc.
CBL
| $14.5M | 0.03% |
1,173,721
-629,352
| -35% | -$8.59M |
|
711
Skyworks Solutions
SWKS
$10.1B
| $14.4M | 0.03% |
187,987
-65,381
| -26% | -$5.24M |
|
|
CSRA
712
DELISTED
CSRA Inc.
CSRA
| $14.4M | 0.03% |
+480,705
| New | +$13.8M |
|
|
PINC
713
DELISTED
Premier
PINC
| $14.4M | 0.03% |
408,381
+375,225
| +1,132% | +$13.1M |
|
|
BRFS
714
DELISTED
BRF SA
BRFS
| $14.4M | 0.03% |
1,041,883
+392,285
| +60% | +$6.15M |
|
715
Equinor
EQNR
$101B
| $14.4M | 0.03% |
1,028,969
+555,881
| +118% | +$8.67M |
|
|
AEL
716
DELISTED
American Equity Investment Life Holding Company
AEL
| $14.4M | 0.03% |
597,685
-132,282
| -18% | -$3.37M |
|
|
FL
717
DELISTED
Foot Locker
FL
| $14.3M | 0.03% |
+220,440
| New | +$14.7M |
|
718
Texas Roadhouse
TXRH
$13.4B
| $14.3M | 0.03% |
400,775
+297,713
| +289% | +$10.6M |
|
719
Western Digital
WDC
$157B
| $14.3M | 0.03% |
315,850
-927,304
| -75% | -$47.4M |
|
720
Vanda Pharmaceuticals
VNDA
$322M
| $14.3M | 0.03% |
1,535,770
-259,698
| -14% | -$2.59M |
|
721
XPO
XPO
$22.5B
| $14.3M | 0.03% |
1,515,015
-671,636
| -31% | -$6.67M |
|
722
Diageo
DEO
$53.4B
| $14.3M | 0.03% |
130,881
-16,340
| -11% | -$1.84M |
|
|
AERI
723
DELISTED
Aerie Pharmaceuticals
AERI
| $14.2M | 0.03% |
584,877
-720,676
| -55% | -$16.8M |
|
|
IMOS
724
ChipMOS TECHNOLOGIES
IMOS
$1.9B
| $14.2M | 0.03% |
652,381
-143,845
| -18% | -$2.93M |
|
725
Owens Corning
OC
$11.6B
| $14.2M | 0.03% |
301,958
+183,210
| +154% | +$8.41M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.