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 | |
|---|---|---|---|---|---|---|
51
Kraft Heinz
KHC
$30.3B
| $126M | 0.26% |
1,730,648
+1,338,508
| +341% | +$98.7M |
|
52
Visa
V
$693B
| $125M | 0.26% |
1,607,379
-1,146,257
| -42% | -$88.8M |
|
53
Microsoft
MSFT
$3.59T
| $124M | 0.26% |
2,234,063
-2,253,779
| -50% | -$119M |
|
|
PARA
54
DELISTED
Paramount Global Class B
PARA
| $124M | 0.26% |
2,627,399
+1,017,727
| +63% | +$47.8M |
|
55
Molson Coors Class B
TAP
$8.01B
| $118M | 0.25% |
1,261,043
+179,155
| +17% | +$16.1M |
|
|
JNPR
56
DELISTED
Juniper Networks
JNPR
| $118M | 0.25% |
4,284,050
+2,671,470
| +166% | +$79.1M |
|
|
WP
57
DELISTED
Worldpay, Inc.
WP
| $117M | 0.25% |
2,468,636
+1,186,843
| +93% | +$58.5M |
|
58
Bristol-Myers Squibb
BMY
$137B
| $117M | 0.25% |
1,701,042
+605,943
| +55% | +$40M |
|
|
DD
59
DELISTED
Du Pont De Nemours E I
DD
| $117M | 0.25% |
1,756,388
+1,049,874
| +149% | +$66.7M |
|
60
General Dynamics
GD
$104B
| $117M | 0.25% |
851,186
-10,039
| -1% | -$1.43M |
|
61
Agilent Technologies
A
$44.9B
| $114M | 0.24% |
2,720,388
+1,840,290
| +209% | +$71.2M |
|
|
VIAB
62
DELISTED
Viacom Inc. Class B
VIAB
| $113M | 0.24% |
2,757,231
-1,753,753
| -39% | -$82.2M |
|
63
Boston Scientific
BSX
$73B
| $112M | 0.24% |
6,064,731
-3,736,180
| -38% | -$66.9M |
|
|
RTN
64
DELISTED
Raytheon Company
RTN
| $110M | 0.23% |
887,095
+623,940
| +237% | +$75M |
|
|
BXLT
65
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $110M | 0.23% |
2,828,732
+2,456,896
| +661% | +$85.6M |
|
|
BNY
66
Bank of New York Mellon
BNY
$108B
| $109M | 0.23% |
2,651,916
+2,107,704
| +387% | +$88.6M |
|
67
T-Mobile US
TMUS
$196B
| $107M | 0.23% |
2,736,735
-1,144,206
| -29% | -$44.2M |
|
|
68
Amazon
AMZN
$2.79T
| $105M | 0.22% |
3,095,000
-13,252,120
| -81% | -$418M |
|
69
Hilton Worldwide
HLT
$73.5B
| $104M | 0.22% |
1,622,065
+767,148
| +90% | +$54.5M |
|
70
FirstEnergy
FE
$26.6B
| $103M | 0.22% |
3,254,545
+1,111,509
| +52% | +$34.9M |
|
71
Carnival Corporation Ltd
CCL
$35.2B
| $102M | 0.22% |
1,880,688
-216,415
| -10% | -$11.2M |
|
72
Intuit
INTU
$100B
| $101M | 0.21% |
1,050,747
+834,320
| +385% | +$80.7M |
|
73
Zoetis
ZTS
$32.1B
| $100M | 0.21% |
2,089,383
-973,933
| -32% | -$44M |
|
74
BioMarin Pharmaceuticals
BMRN
$12.9B
| $99.5M | 0.21% |
950,147
+218,723
| +30% | +$22.8M |
|
|
GPOR
75
DELISTED
Gulfport Energy Corp.
GPOR
| $99.2M | 0.21% |
4,036,824
+932,539
| +30% | +$26.2M |
|
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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.