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 | |
|---|---|---|---|---|---|---|
|
PGNX
701
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $15.3M | 0.03% |
2,413,708
+150,711
| +7% | +$911K |
|
702
Domino's
DPZ
$11.5B
| $15.2M | 0.03% |
100,225
-50,095
| -33% | -$7.32M |
|
703
Essential Utilities
WTRG
$11.7B
| $15.2M | 0.03% |
498,915
+459,777
| +1,175% | +$14.9M |
|
704
PUT
iShares China Large-Cap ETF
FXI
$4.24B
| $15.2M | 0.03% |
400,000
-1,250,000
| -76% | -$45.8M |
|
705
Eli Lilly
LLY
$1.11T
| $15.2M | 0.03% |
189,360
-586,502
| -76% | -$46.9M |
|
|
WP
706
CALL
DELISTED
Worldpay, Inc.
WP
| $15.2M | 0.03% |
+270,000
| New | +$15M |
|
|
SEP
707
DELISTED
Spectra Engy Parters Lp
SEP
| $15.1M | 0.03% |
345,715
+291,061
| +533% | +$13.4M |
|
708
Centene
CNC
$32.4B
| $15.1M | 0.03% |
450,646
-1,711,560
| -79% | -$59.5M |
|
709
Live Nation Entertainment
LYV
$43B
| $15.1M | 0.03% |
548,876
+383,460
| +232% | +$10M |
|
710
State Street Technology Select Sector SPDR ETF
XLK
$117B
| $15.1M | 0.03% |
631,120
-253,870
| -29% | -$5.9M |
|
711
Groupon
GRPN
$798M
| $15.1M | 0.03% |
146,357
-39,067
| -21% | -$3.81M |
|
|
SBNY
712
DELISTED
Signature Bank
SBNY
| $15M | 0.03% |
126,893
-51,506
| -29% | -$6.2M |
|
713
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $15M | 0.03% |
53,151
-219,658
| -81% | -$61.9M |
|
714
O-I Glass
OI
$1.11B
| $15M | 0.03% |
813,830
+676,656
| +493% | +$12.3M |
|
715
Trimble
TRMB
$14.1B
| $14.9M | 0.03% |
523,384
-211,102
| -29% | -$5.64M |
|
716
Orthofix Medical
OFIX
$399M
| $14.9M | 0.03% |
349,217
-26,714
| -7% | -$1.19M |
|
717
Madison Square Garden
MSGS
$9.69B
| $14.9M | 0.03% |
123,192
+97,300
| +376% | +$12.4M |
|
|
EQC
718
DELISTED
Equity Commonwealth
EQC
| $14.9M | 0.03% |
492,547
-200,720
| -29% | -$6.06M |
|
719
Brink's
BCO
$4.65B
| $14.9M | 0.02% |
401,033
+260,456
| +185% | +$8.94M |
|
|
MGP
720
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $14.8M | 0.02% |
566,423
-633,460
| -53% | -$16.6M |
|
|
CZZ
721
DELISTED
Cosan Limited
CZZ
| $14.7M | 0.02% |
2,057,756
+812,709
| +65% | +$5.48M |
|
|
ELME
722
Elme Communities
ELME
$149M
| $14.7M | 0.02% |
470,780
-162,696
| -26% | -$5.28M |
|
723
Integer Holdings
ITGR
$4.25B
| $14.6M | 0.02% |
674,654
+76,115
| +13% | +$1.95M |
|
724
FirstCash
FCFS
$10.3B
| $14.6M | 0.02% |
309,687
+302,283
| +4,083% | +$15.2M |
|
|
SEM
725
DELISTED
Select Medical
SEM
| $14.5M | 0.02% |
2,000,139
-3,581,801
| -64% | -$22.8M |
|
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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.