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 | |
|---|---|---|---|---|---|---|
51
Cisco
CSCO
$438B
| $140M | 0.23% |
4,413,521
+628,553
| +17% | +$19.3M |
|
52
Broadcom
AVGO
$1.75T
| $139M | 0.23% |
8,032,930
+1,558,560
| +24% | +$26.1M |
|
53
Micron Technology
MU
$1.09T
| $137M | 0.23% |
7,732,978
+7,695,810
| +20,705% | +$117M |
|
54
Zimmer Biomet
ZBH
$19.3B
| $136M | 0.23% |
1,081,119
+741,473
| +218% | +$91.6M |
|
55
Molson Coors Class B
TAP
$8.01B
| $136M | 0.23% |
1,236,713
-519,334
| -30% | -$52.8M |
|
56
Walmart Inc
WMT
$825B
| $133M | 0.22% |
5,534,628
+2,212,962
| +67% | +$53.7M |
|
57
Alphabet (Google) Class C
GOOG
$4.18T
| $133M | 0.22% |
3,414,700
+2,674,660
| +361% | +$102M |
|
|
RTN
58
DELISTED
Raytheon Company
RTN
| $131M | 0.22% |
962,363
+141,217
| +17% | +$19.6M |
|
59
Intel
INTC
$476B
| $130M | 0.22% |
3,431,349
+1,837,182
| +115% | +$65.1M |
|
60
Air Products & Chemicals
APD
$67.9B
| $128M | 0.22% |
922,774
+180,552
| +24% | +$25M |
|
|
MBLY
61
DELISTED
Mobileye N.V.
MBLY
| $127M | 0.21% |
2,977,085
+1,468,413
| +97% | +$67.9M |
|
62
PNC Financial Services
PNC
$97B
| $125M | 0.21% |
1,388,696
+949,230
| +216% | +$81.5M |
|
|
TFCFA
63
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $124M | 0.21% |
5,131,626
+4,308,779
| +524% | +$110M |
|
|
PE
64
DELISTED
PARSLEY ENERGY INC
PE
| $124M | 0.21% |
3,704,942
-3,034,161
| -45% | -$95M |
|
65
Home Depot
HD
$335B
| $123M | 0.21% |
958,193
-319,637
| -25% | -$42.6M |
|
|
ALXN
66
DELISTED
Alexion Pharmaceuticals
ALXN
| $123M | 0.21% |
1,004,398
+85,454
| +9% | +$11M |
|
|
GPOR
67
DELISTED
Gulfport Energy Corp.
GPOR
| $121M | 0.2% |
4,296,168
+3,038,209
| +242% | +$86.6M |
|
|
STJ
68
DELISTED
St Jude Medical
STJ
| $121M | 0.2% |
1,521,012
+943,712
| +163% | +$76.2M |
|
69
Sarepta Therapeutics
SRPT
$1.98B
| $120M | 0.2% |
1,955,904
+1,612,454
| +469% | +$48.7M |
|
70
Adobe
ADBE
$109B
| $120M | 0.2% |
1,102,871
+582,728
| +112% | +$58.5M |
|
71
Perrigo
PRGO
$1.98B
| $120M | 0.2% |
1,295,756
+805,938
| +165% | +$74.3M |
|
|
DISH
72
DELISTED
DISH Network Corp.
DISH
| $119M | 0.2% |
2,169,319
+457,618
| +27% | +$23.7M |
|
73
Macy's
M
$6B
| $118M | 0.2% |
3,190,208
+1,302,786
| +69% | +$47.2M |
|
74
KeyCorp
KEY
$23.3B
| $116M | 0.19% |
9,547,487
-4,030,656
| -30% | -$48.2M |
|
75
McDonald's
MCD
$192B
| $116M | 0.19% |
1,001,765
+635,234
| +173% | +$75.3M |
|
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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.