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 | |
|---|---|---|---|---|---|---|
|
KMI.PRA
726
DELISTED
Kinder Morgan, Inc.
KMI.PRA
| $14.2M | 0.03% |
+352,315
| New | +$14.8M |
|
|
NPKI
727
NPK International
NPKI
$1.12B
| $14.2M | 0.03% |
2,685,605
+1,876,638
| +232% | +$10.8M |
|
728
Nabors Industries
NBR
$1.31B
| $14.2M | 0.03% |
+33,284
| New | +$16.4M |
|
|
QEP
729
CALL
DELISTED
QEP RESOURCES, INC.
QEP
| $14.1M | 0.03% |
1,055,300
| – | – |
|
|
DNKN
730
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $14.1M | 0.03% |
332,017
+147,687
| +80% | +$6.2M |
|
|
DRE
731
DELISTED
Duke Realty Corp.
DRE
| $14.1M | 0.03% |
672,708
-110,346
| -14% | -$2.26M |
|
|
MNTA
732
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $14.1M | 0.03% |
951,675
-210,739
| -18% | -$3.53M |
|
733
Hanover Insurance
THG
$7.92B
| $14.1M | 0.03% |
172,863
-16,241
| -9% | -$1.34M |
|
734
Chemours
CC
$2.32B
| $14M | 0.03% |
2,616,865
+2,379,969
| +1,005% | +$15.2M |
|
|
FBC
735
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $14M | 0.03% |
606,888
-781,064
| -56% | -$18M |
|
736
Clearway Energy Class C
CWEN
$6.63B
| $14M | 0.03% |
950,163
-49,422
| -5% | -$707K |
|
|
CY
737
DELISTED
Cypress Semiconductor
CY
| $14M | 0.03% |
1,428,185
-3,029,815
| -68% | -$30.1M |
|
|
RNET
738
DELISTED
RigNet, Inc.
RNET
| $14M | 0.03% |
+676,854
| New | +$16.9M |
|
739
Abercrombie & Fitch
ANF
$4.99B
| $14M | 0.03% |
518,078
+276,572
| +115% | +$6.42M |
|
740
Precigen
PGEN
$2.57B
| $14M | 0.03% |
+467,137
| New | +$15.7M |
|
741
Berkshire Hathaway Class B
BRK.B
$1.08T
| $13.9M | 0.03% |
+105,618
| New | +$14.2M |
|
742
Ares Capital
ARCC
$14.4B
| $13.9M | 0.03% |
977,474
+520,133
| +114% | +$7.89M |
|
|
PGNX
743
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $13.9M | 0.03% |
2,270,725
-9,698
| -0.4% | -$63.6K |
|
|
744
Ameren
AEE
$29.7B
| $13.9M | 0.03% |
321,909
-5,930,149
| -95% | -$257M |
|
|
SNI
745
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $13.9M | 0.03% |
251,967
+52,694
| +26% | +$2.97M |
|
746
Tenet Healthcare
THC
$22.4B
| $13.9M | 0.03% |
457,655
-31,260
| -6% | -$1.03M |
|
747
MSC Industrial Direct
MSM
$6.66B
| $13.9M | 0.03% |
246,305
+144,337
| +142% | +$8.73M |
|
|
CHS
748
DELISTED
Chicos FAS, Inc.
CHS
| $13.8M | 0.03% |
1,296,444
-83,311
| -6% | -$1.08M |
|
749
United Airlines
UAL
$36.9B
| $13.8M | 0.03% |
240,550
-248,084
| -51% | -$14.3M |
|
750
Primerica
PRI
$9.23B
| $13.8M | 0.03% |
291,607
-92,118
| -24% | -$4.5M |
|
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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.