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 | |
|---|---|---|---|---|---|---|
751
BJ's Restaurants
BJRI
$1.43B
| $13.8M | 0.03% |
316,443
+120,247
| +61% | +$5.26M |
|
752
Sony
SONY
$142B
| $13.7M | 0.03% |
2,788,945
+773,610
| +38% | +$4.1M |
|
|
JWN
753
DELISTED
Nordstrom
JWN
| $13.7M | 0.03% |
275,301
-508,326
| -65% | -$30.8M |
|
754
CALL
SPDR Gold Trust
GLD
$155B
| $13.7M | 0.03% |
+135,000
| New | +$14.3M |
|
755
Crane NXT
CXT
$2.87B
| $13.7M | 0.03% |
823,970
+199,878
| +32% | +$3.47M |
|
|
BLOX
756
DELISTED
Infoblox Inc
BLOX
| $13.6M | 0.03% |
740,651
+327,772
| +79% | +$5.56M |
|
|
AGEN
757
Agenus
AGEN
$345M
| $13.6M | 0.03% |
152,752
-7,331
| -5% | -$671K |
|
758
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $13.6M | 0.03% |
171,012
-21,377
| -11% | -$1.71M |
|
759
CALL
Signet Jewelers
SIG
$3.24B
| $13.6M | 0.03% |
+110,000
| New | +$14.9M |
|
760
T. Rowe Price
TROW
$24B
| $13.6M | 0.03% |
190,291
+181,189
| +1,991% | +$13.3M |
|
761
LKQ Corp
LKQ
$6.51B
| $13.6M | 0.03% |
458,909
-219,295
| -32% | -$6.37M |
|
762
Matsons
MATX
$6.66B
| $13.6M | 0.03% |
318,940
+230,537
| +261% | +$10.7M |
|
763
East-West Bancorp
EWBC
$17.7B
| $13.6M | 0.03% |
326,469
-881,961
| -73% | -$36.3M |
|
764
Alaska Air
ALK
$4.64B
| $13.6M | 0.03% |
168,465
-8,695
| -5% | -$689K |
|
765
Jazz Pharmaceuticals
JAZZ
$16.5B
| $13.5M | 0.03% |
96,360
-64,868
| -40% | -$8.99M |
|
|
PMT
766
PennyMac Mortgage Investment
PMT
$810M
| $13.5M | 0.03% |
885,742
+798,650
| +917% | +$12.4M |
|
767
Equifax
EFX
$22.9B
| $13.5M | 0.03% |
121,323
-290,072
| -71% | -$31.3M |
|
|
PGRE
768
DELISTED
Paramount Group
PGRE
| $13.5M | 0.03% |
745,158
+512,912
| +221% | +$9.16M |
|
|
MEG
769
DELISTED
Media General, Inc
MEG
| $13.5M | 0.03% |
833,080
+380,858
| +84% | +$5.75M |
|
770
Acadia Realty Trust
AKR
$2.93B
| $13.4M | 0.03% |
405,689
-322,400
| -44% | -$10.5M |
|
771
Huntsman Corp
HUN
$1.68B
| $13.4M | 0.03% |
1,180,844
+500,079
| +73% | +$5.93M |
|
|
TGI
772
DELISTED
Triumph Group
TGI
| $13.4M | 0.03% |
337,739
+211,681
| +168% | +$8.55M |
|
773
Stellantis
STLA
$19.7B
| $13.4M | 0.03% |
+1,470,463
| New | +$13.8M |
|
|
CXO
774
DELISTED
CONCHO RESOURCES INC.
CXO
| $13.4M | 0.03% |
144,360
-117,632
| -45% | -$12.6M |
|
775
Telefônica Brasil
VIV
$18.3B
| $13.4M | 0.03% |
1,480,990
-25,431
| -2% | -$252K |
|
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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.