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 | |
|---|---|---|---|---|---|---|
701
Tractor Supply
TSCO
$18.7B
| $12.6M | 0.03% |
695,010
+531,780
| +326% | +$9.1M |
|
|
BBT
702
Beacon Financial Corp
BBT
$2.65B
| $12.5M | 0.03% |
464,265
+42,493
| +10% | +$1.13M |
|
|
RPAI
703
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $12.5M | 0.03% |
787,018
+189,001
| +32% | +$2.85M |
|
|
CKEC
704
DELISTED
Carmike Cinemas Inc
CKEC
| $12.5M | 0.03% |
414,702
-287,091
| -41% | -$6.96M |
|
705
WEC Energy
WEC
$35.1B
| $12.4M | 0.03% |
206,028
+41,668
| +25% | +$2.33M |
|
706
Vanguard Real Estate ETF
VNQ
$39.3B
| $12.4M | 0.03% |
147,677
+125,115
| +555% | +$9.74M |
|
|
PX
707
DELISTED
Praxair Inc
PX
| $12.4M | 0.03% |
108,052
+103,010
| +2,043% | +$10.8M |
|
|
UNT
708
DELISTED
UNIT Corporation
UNT
| $12.3M | 0.03% |
1,395,210
+359,919
| +35% | +$3.08M |
|
|
CMA.WS
709
DELISTED
Comerica Incorporated Ws
CMA.WS
| $12.3M | 0.03% |
920,879
-9,377
| -1% | -$102K |
|
|
VG
710
DELISTED
Vonage Holdings Corporation
VG
| $12.3M | 0.03% |
2,686,861
+1,301,620
| +94% | +$6.43M |
|
711
American Homes 4 Rent
AMH
$12.5B
| $12.3M | 0.03% |
+771,377
| New | +$11.5M |
|
712
Tenet Healthcare
THC
$22.4B
| $12.2M | 0.03% |
423,389
-34,266
| -7% | -$891K |
|
|
USG
713
DELISTED
Usg
USG
| $12.2M | 0.03% |
493,272
+100,753
| +26% | +$2.09M |
|
|
SFBS
714
ServisFirst Bancshares
SFBS
$4.8B
| $12.2M | 0.03% |
+1,102,020
| New | +$10.7M |
|
|
CTXS
715
DELISTED
Citrix Systems Inc
CTXS
| $12.2M | 0.03% |
194,950
-694,252
| -78% | -$39.3M |
|
716
BJ's Restaurants
BJRI
$1.43B
| $12.2M | 0.03% |
293,244
-23,199
| -7% | -$991K |
|
717
First American
FAF
$7.38B
| $12.1M | 0.03% |
318,531
+264,510
| +490% | +$9.42M |
|
|
BXLT
718
PUT
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $12.1M | 0.03% |
+300,000
| New | +$11.9M |
|
719
Jack in the Box
JACK
$342M
| $12.1M | 0.03% |
189,485
-118,501
| -38% | -$8.33M |
|
720
Oshkosh
OSK
$9.65B
| $12.1M | 0.03% |
296,069
+274,299
| +1,260% | +$9.7M |
|
721
Brady Corp
BRC
$4.45B
| $12.1M | 0.03% |
450,728
-69,545
| -13% | -$1.67M |
|
|
SGI
722
Somnigroup International
SGI
$13.5B
| $12.1M | 0.03% |
795,400
-559,692
| -41% | -$8.29M |
|
723
Central Pacific Financial
CPF
$972M
| $12.1M | 0.03% |
555,115
-375,113
| -40% | -$7.64M |
|
724
New Oriental
EDU
$8.97B
| $12.1M | 0.03% |
349,195
-234,977
| -40% | -$7.34M |
|
|
MJN
725
DELISTED
Mead Johnson Nutrition Company
MJN
| $12.1M | 0.03% |
141,893
-308,165
| -68% | -$22.9M |
|
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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.