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 | |
|---|---|---|---|---|---|---|
751
BlackBerry
BB
$4.48B
| $13.8M | 0.02% |
1,727,102
+1,559,432
| +930% | +$11.7M |
|
|
PR
752
Permian Resources
PR
$19.8B
| $13.7M | 0.02% |
869,818
+845,059
| +3,413% | +$10.3M |
|
753
NRG Energy
NRG
$23.5B
| $13.7M | 0.02% |
1,219,688
-176,696
| -13% | -$2.3M |
|
754
KLA
KLAC
$237B
| $13.7M | 0.02% |
+1,960,820
| New | +$14.1M |
|
755
Travel + Leisure Co
TNL
$4.48B
| $13.7M | 0.02% |
+449,384
| New | +$14.4M |
|
756
Caesars Entertainment
CZR
$6.04B
| $13.7M | 0.02% |
971,209
+473,114
| +95% | +$6.8M |
|
|
FLG
757
Flagstar Bank National Association
FLG
$5.57B
| $13.6M | 0.02% |
+319,639
| New | +$14M |
|
|
USCR
758
DELISTED
U S Concrete, Inc.
USCR
| $13.6M | 0.02% |
295,389
+290,081
| +5,465% | +$16.3M |
|
759
TETRA Technologies
TTI
$1B
| $13.6M | 0.02% |
2,225,302
-466,307
| -17% | -$2.84M |
|
|
ATW
760
DELISTED
Atwood Oceanics
ATW
| $13.6M | 0.02% |
1,564,170
+274,304
| +21% | +$2.6M |
|
761
PENN Entertainment
PENN
$2.45B
| $13.5M | 0.02% |
996,543
-894,732
| -47% | -$12.6M |
|
762
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $13.5M | 0.02% |
700,000
-439,146
| -39% | -$9.06M |
|
763
Ryder
R
$9.39B
| $13.5M | 0.02% |
204,222
-339,807
| -62% | -$22.2M |
|
|
AVXS
764
DELISTED
AveXis, Inc. Common Stock
AVXS
| $13.5M | 0.02% |
+326,495
| New | +$12.4M |
|
|
TVTY
765
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $13.4M | 0.02% |
506,355
+473,457
| +1,439% | +$9.56M |
|
766
Astec Industries
ASTE
$1B
| $13.3M | 0.02% |
222,883
+146,296
| +191% | +$8.5M |
|
767
CALL
MetLife
MET
$61.1B
| $13.3M | 0.02% |
+336,600
| New | +$12.7M |
|
768
Mid-America Apartment Communities
MAA
$15.4B
| $13.3M | 0.02% |
141,797
+102,494
| +261% | +$10.2M |
|
769
Bunge Global
BG
$21.2B
| $13.3M | 0.02% |
224,531
-59,010
| -21% | -$3.67M |
|
|
WWAV
770
DELISTED
The WhiteWave Foods Company
WWAV
| $13.3M | 0.02% |
244,212
-1,695,705
| -87% | -$93.3M |
|
|
CTB
771
DELISTED
Cooper Tire & Rubber Co.
CTB
| $13.3M | 0.02% |
349,568
+54,796
| +19% | +$1.83M |
|
772
Weyerhaeuser
WY
$17.6B
| $13.3M | 0.02% |
415,864
+371,873
| +845% | +$11.8M |
|
773
Cheniere Energy
CQP
$32.9B
| $13.3M | 0.02% |
453,934
+8,974
| +2% | +$249K |
|
|
CY
774
DELISTED
Cypress Semiconductor
CY
| $13.3M | 0.02% |
1,091,512
+953,783
| +693% | +$10.9M |
|
775
Ally Financial
ALLY
$12.9B
| $13.3M | 0.02% |
681,548
+186,258
| +38% | +$3.46M |
|
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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.