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 | |
|---|---|---|---|---|---|---|
|
AGR
751
DELISTED
Avangrid, Inc.
AGR
| $11.4M | 0.03% |
282,996
-2,104,338
| -88% | -$82.4M |
|
|
ISBC
752
DELISTED
Investors Bancorp, Inc.
ISBC
| $11.3M | 0.03% |
971,446
+835,692
| +616% | +$9.63M |
|
753
Apogee Enterprises
APOG
$863M
| $11.3M | 0.03% |
257,338
-89,869
| -26% | -$3.57M |
|
754
First Financial Bancorp
FFBC
$3.46B
| $11.3M | 0.03% |
621,011
-614,332
| -50% | -$10.4M |
|
|
UNVR
755
DELISTED
Univar Solutions Inc.
UNVR
| $11.3M | 0.03% |
656,996
+636,081
| +3,041% | +$9.3M |
|
|
SC
756
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $11.3M | 0.03% |
+1,075,551
| New | +$11.8M |
|
757
Essent Group
ESNT
$6.15B
| $11.3M | 0.03% |
542,362
+28,262
| +5% | +$540K |
|
758
Bloomin' Brands
BLMN
$980M
| $11.2M | 0.03% |
666,832
-995,699
| -60% | -$16.8M |
|
|
CHMT
759
DELISTED
Chemtura Corporation
CHMT
| $11.2M | 0.03% |
425,119
+125,419
| +42% | +$3.2M |
|
760
TSMC
TSM
$2.13T
| $11.2M | 0.03% |
427,703
-412,435
| -49% | -$9.65M |
|
761
Globus Medical
GMED
$11.3B
| $11.2M | 0.03% |
+471,531
| New | +$11.5M |
|
|
PVTB
762
DELISTED
PrivateBancorp Inc
PVTB
| $11.2M | 0.03% |
289,942
+189,875
| +190% | +$6.96M |
|
763
Lumentum
LITE
$74.5B
| $11.2M | 0.03% |
413,482
+275,013
| +199% | +$6.35M |
|
|
FLY
764
DELISTED
Fly Leasing Limited
FLY
| $11.1M | 0.03% |
877,130
+378,006
| +76% | +$4.66M |
|
765
Bank of America Series L
BAC.PRL
$3.97B
| $11.1M | 0.03% |
9,778
-12,132
| -55% | -$13.4M |
|
|
SIX
766
PUT
DELISTED
Six Flags Entertainment Corp.
SIX
| $11.1M | 0.03% |
+200,000
| New | +$10.3M |
|
|
SCG
767
DELISTED
Scana
SCG
| $11.1M | 0.03% |
158,184
-272,161
| -63% | -$17.6M |
|
768
American Financial Group
AFG
$12B
| $11.1M | 0.03% |
157,596
+29,633
| +23% | +$2.03M |
|
769
Abercrombie & Fitch
ANF
$4.99B
| $11.1M | 0.03% |
351,406
-166,672
| -32% | -$4.68M |
|
770
PUT
Antero Resources
AR
$11.7B
| $11.1M | 0.03% |
445,200
| – | – |
|
771
The Greenbrier Companies
GBX
$1.43B
| $11.1M | 0.03% |
400,089
-232,937
| -37% | -$5.97M |
|
772
Casey's General Stores
CASY
$31.6B
| $11.1M | 0.03% |
97,566
-2,592
| -3% | -$290K |
|
773
Telefônica Brasil
VIV
$18.3B
| $11.1M | 0.03% |
885,202
-595,788
| -40% | -$5.8M |
|
774
Viasat
VSAT
$9.96B
| $11.1M | 0.03% |
+150,396
| New | +$10M |
|
775
Healthcare Realty
HR
$6.62B
| $11M | 0.03% |
+375,445
| New | +$10.4M |
|
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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.