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 | |
|---|---|---|---|---|---|---|
|
ELGX
776
DELISTED
Endologix Inc
ELGX
| $13.3M | 0.02% |
103,640
+8,360
| +9% | +$1.07M |
|
777
Hilltop Holdings
HTH
$2.22B
| $13.3M | 0.02% |
589,928
+153,157
| +35% | +$3.39M |
|
778
Kratos Defense & Security Solutions
KTOS
$9.96B
| $13.2M | 0.02% |
1,920,544
-429,612
| -18% | -$2.51M |
|
779
Mueller Water Products
MWA
$3.93B
| $13.2M | 0.02% |
1,053,673
+656,372
| +165% | +$7.86M |
|
780
Cheesecake Factory
CAKE
$5.7B
| $13.2M | 0.02% |
263,771
-2,169
| -0.8% | -$111K |
|
781
S&P Global
SPGI
$128B
| $13.2M | 0.02% |
103,963
-133,104
| -56% | -$16M |
|
782
Nordic American Tanker
NAT
$1.48B
| $13.1M | 0.02% |
1,308,376
+1,296,455
| +10,875% | +$15.1M |
|
783
Berkshire Hathaway Class B
BRK.B
$1.08T
| $13.1M | 0.02% |
90,385
+84,299
| +1,385% | +$12.3M |
|
784
Vornado Realty Trust
VNO
$7.26B
| $13M | 0.02% |
159,267
+125,640
| +374% | +$10.4M |
|
785
Darling Ingredients
DAR
$9.83B
| $13M | 0.02% |
963,286
-2,038,103
| -68% | -$29.4M |
|
|
TGP
786
DELISTED
Teekay LNG Partners L.P.
TGP
| $13M | 0.02% |
859,989
-153,799
| -15% | -$1.93M |
|
787
Teleflex
TFX
$5.86B
| $13M | 0.02% |
77,211
+59,502
| +336% | +$10.7M |
|
788
Jefferies Financial Group
JEF
$12B
| $13M | 0.02% |
760,160
+382,961
| +102% | +$6.34M |
|
789
Criteo S.A.
CRTO
$837M
| $12.9M | 0.02% |
+368,647
| New | +$14.6M |
|
|
TRCO
790
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $12.9M | 0.02% |
354,171
-621,929
| -64% | -$23.6M |
|
791
Acuity Brands
AYI
$10.1B
| $12.9M | 0.02% |
48,873
-125,392
| -72% | -$33.4M |
|
|
CQH
792
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $12.9M | 0.02% |
567,389
-26,525
| -4% | -$540K |
|
793
Viavi Solutions
VIAV
$9.12B
| $12.9M | 0.02% |
+1,743,379
| New | +$12.8M |
|
794
IAMGOLD
IAG
$12.4B
| $12.9M | 0.02% |
3,179,486
+790,856
| +33% | +$3.6M |
|
795
CALL
Home Depot
HD
$336B
| $12.9M | 0.02% |
+100,000
| New | +$13.3M |
|
796
First Financial Bancorp
FFBC
$3.46B
| $12.9M | 0.02% |
588,644
-52,271
| -8% | -$1.11M |
|
|
AVP
797
DELISTED
Avon Products, Inc.
AVP
| $12.9M | 0.02% |
2,270,896
+959,064
| +73% | +$4.79M |
|
|
RICE
798
DELISTED
Rice Energy Inc.
RICE
| $12.8M | 0.02% |
492,166
-856,983
| -64% | -$21.3M |
|
|
USG
799
DELISTED
Usg
USG
| $12.7M | 0.02% |
491,319
-68,157
| -12% | -$1.89M |
|
800
Virtu Financial
VIRT
$5.85B
| $12.7M | 0.02% |
847,470
+605,149
| +250% | +$10.2M |
|
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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.