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 | |
|---|---|---|---|---|---|---|
51
Altria Group
MO
$110B
| $110M | 0.27% |
1,750,271
-819,967
| -32% | -$49.6M |
|
|
TWC
52
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $108M | 0.27% |
528,317
-154,037
| -23% | -$29.1M |
|
53
Qualcomm
QCOM
$169B
| $106M | 0.27% |
2,077,954
-533,436
| -20% | -$26M |
|
54
Citizens Financial Group
CFG
$29.4B
| $106M | 0.26% |
5,057,084
+2,729,268
| +117% | +$57.9M |
|
55
RTX Corp
RTX
$283B
| $106M | 0.26% |
1,680,569
+1,588,464
| +1,725% | +$92.1M |
|
|
NFX
56
DELISTED
Newfield Exploration
NFX
| $106M | 0.26% |
3,177,573
-3,507,836
| -52% | -$98.9M |
|
57
NiSource
NI
$19.5B
| $106M | 0.26% |
4,481,241
+744,337
| +20% | +$16M |
|
|
CONE
58
DELISTED
CyrusOne Inc Common Stock
CONE
| $102M | 0.26% |
2,239,661
+751,544
| +51% | +$28.7M |
|
|
DCT
59
DELISTED
DCT Industrial Trust Inc.
DCT
| $102M | 0.25% |
2,580,369
+2,148,089
| +497% | +$78.7M |
|
|
RICE
60
DELISTED
Rice Energy Inc.
RICE
| $100M | 0.25% |
7,176,293
+518,095
| +8% | +$5.39M |
|
61
Alphabet (Google) Class C
GOOG
$4.18T
| $98.8M | 0.25% |
2,653,740
-1,905,920
| -42% | -$68.3M |
|
|
K
62
DELISTED
Kellanova
K
| $98.1M | 0.25% |
1,365,156
+430,989
| +46% | +$29.8M |
|
63
TechnipFMC
FTI
$30.4B
| $96.6M | 0.24% |
4,745,409
-3,459,770
| -42% | -$65.3M |
|
64
Intuit
INTU
$100B
| $95.3M | 0.24% |
916,651
-134,096
| -13% | -$12.9M |
|
65
Carter's
CRI
$1.31B
| $94.5M | 0.24% |
896,352
+853,816
| +2,007% | +$81.8M |
|
66
Ameren
AEE
$29.4B
| $93.9M | 0.23% |
1,873,815
+1,551,906
| +482% | +$71.6M |
|
|
PARA
67
DELISTED
Paramount Global Class B
PARA
| $93.9M | 0.23% |
1,704,003
-923,396
| -35% | -$44.9M |
|
|
ESRX
68
DELISTED
Express Scripts Holding Company
ESRX
| $93.5M | 0.23% |
1,361,570
+791,710
| +139% | +$56.9M |
|
69
Steel Dynamics
STLD
$32.8B
| $93.3M | 0.23% |
4,145,047
+4,056,343
| +4,573% | +$76.4M |
|
70
CMS Energy
CMS
$21.4B
| $91.6M | 0.23% |
+2,159,409
| New | +$84.6M |
|
71
Crown Castle
CCI
$32.1B
| $90.5M | 0.23% |
1,046,256
+677,865
| +184% | +$57.5M |
|
72
Targa Resources
TRGP
$64.1B
| $90.3M | 0.23% |
3,024,354
+1,169,296
| +63% | +$27.9M |
|
73
Hilton Worldwide
HLT
$73.5B
| $90.3M | 0.23% |
1,336,506
-285,559
| -18% | -$17M |
|
74
Agilent Technologies
A
$44.9B
| $90M | 0.23% |
2,258,906
-461,482
| -17% | -$17.6M |
|
75
DaVita
DVA
$11.1B
| $89.4M | 0.22% |
1,218,202
+93,511
| +8% | +$6.32M |
|
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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.