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 | |
|---|---|---|---|---|---|---|
|
BIG
776
DELISTED
Big Lots, Inc.
BIG
| $11M | 0.03% |
243,742
-570,013
| -70% | -$22.8M |
|
777
Pegasystems
PEGA
$5.64B
| $11M | 0.03% |
868,416
+395,230
| +84% | +$4.74M |
|
778
Semtech
SMTC
$11.3B
| $11M | 0.03% |
499,902
+456,196
| +1,044% | +$8.78M |
|
779
HealthEquity
HQY
$8.81B
| $11M | 0.03% |
445,554
+303,922
| +215% | +$6.51M |
|
780
PUT
Devon Energy
DVN
$53.1B
| $11M | 0.03% |
+400,000
| New | +$9.74M |
|
|
XIFR
781
XPLR Infrastructure LP
XIFR
$1.06B
| $11M | 0.03% |
+402,836
| New | +$10.8M |
|
782
Dentsply Sirona
XRAY
$2.17B
| $10.9M | 0.03% |
177,509
+80,148
| +82% | +$4.72M |
|
783
Agnico Eagle Mines
AEM
$110B
| $10.9M | 0.03% |
302,376
+28,352
| +10% | +$931K |
|
|
NVO
784
CALL
Novo Nordisk
NVO
$207B
| $10.8M | 0.03% |
400,000
-128,400
| -24% | -$3.44M |
|
785
Bio-Techne
TECH
$11.3B
| $10.8M | 0.03% |
458,376
+436,020
| +1,950% | +$9.6M |
|
786
Houlihan Lokey
HLI
$9.01B
| $10.8M | 0.03% |
434,150
-12,923
| -3% | -$314K |
|
787
Melco Resorts & Entertainment
MLCO
$2.08B
| $10.8M | 0.03% |
+654,483
| New | +$9.93M |
|
|
GCP
788
DELISTED
GCP Applied Technologies Inc.
GCP
| $10.8M | 0.03% |
+540,853
| New | +$9.83M |
|
789
Comcast
CMCSA
$95.9B
| $10.8M | 0.03% |
352,996
-937,160
| -73% | -$26.9M |
|
|
DFT
790
DELISTED
DuPont Fabros Technology Inc.
DFT
| $10.8M | 0.03% |
265,907
-225,451
| -46% | -$7.83M |
|
791
MetLife
MET
$61.1B
| $10.8M | 0.03% |
+275,055
| New | +$10.3M |
|
792
State Street Energy Select Sector SPDR ETF
XLE
$41.5B
| $10.8M | 0.03% |
348,078
+310,386
| +823% | +$9M |
|
|
VWR
793
DELISTED
VWR Corporation
VWR
| $10.8M | 0.03% |
397,680
+83,468
| +27% | +$2.06M |
|
|
VALE.P
794
DELISTED
Vale S A
VALE.P
| $10.7M | 0.03% |
3,445,159
+2,769,907
| +410% | +$6.37M |
|
795
BWX Technologies
BWXT
$13.7B
| $10.7M | 0.03% |
319,833
+280,257
| +708% | +$8.65M |
|
796
LiveRamp
RAMP
$2.29B
| $10.7M | 0.03% |
499,991
+104,336
| +26% | +$2.08M |
|
797
PUT
iShares Russell 2000 ETF
IWM
$81.4B
| $10.7M | 0.03% |
96,700
-3,300
| -3% | -$342K |
|
|
WIBC
798
DELISTED
WILSHIRE BANCORP INC
WIBC
| $10.6M | 0.03% |
1,033,181
-91,357
| -8% | -$938K |
|
799
PUT
Edwards Lifesciences
EW
$52.2B
| $10.6M | 0.03% |
+360,000
| New | +$9.93M |
|
|
VXX
800
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $10.6M | 0.03% |
+37,500
| New | +$14.1M |
|
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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.