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 | |
|---|---|---|---|---|---|---|
801
Marriott International
MAR
$93.9B
| $12.8M | 0.03% |
190,273
+182,577
| +2,372% | +$13.2M |
|
802
PUT
Puma Biotechnology
PBYI
$471M
| $12.7M | 0.03% |
+161,600
| New | +$12.7M |
|
|
UNT
803
DELISTED
UNIT Corporation
UNT
| $12.6M | 0.03% |
1,035,291
+766,308
| +285% | +$11.3M |
|
804
CALL
National Fuel Gas
NFG
$7.84B
| $12.6M | 0.03% |
295,300
| – | – |
|
805
Smith & Nephew
SNN
$12.4B
| $12.6M | 0.03% |
354,479
-43,808
| -11% | -$1.5M |
|
806
Sunoco
SUN
$14.3B
| $12.6M | 0.03% |
+318,540
| New | +$11.5M |
|
|
PMC
807
DELISTED
PharMerica Corporation
PMC
| $12.5M | 0.03% |
357,297
+81,697
| +30% | +$2.56M |
|
|
AZPN
808
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $12.5M | 0.03% |
330,497
+251,798
| +320% | +$9.51M |
|
|
ADPT
809
DELISTED
Adeptus Health Inc
ADPT
| $12.5M | 0.03% |
228,441
+98,596
| +76% | +$6.29M |
|
810
Home BancShares
HOMB
$6.01B
| $12.4M | 0.03% |
614,308
+551,594
| +880% | +$11.8M |
|
|
EDE
811
DELISTED
Empire District Electric
EDE
| $12.4M | 0.03% |
442,978
-147,449
| -25% | -$3.49M |
|
812
Kennametal
KMT
$2.23B
| $12.4M | 0.03% |
646,487
+233,646
| +57% | +$6.03M |
|
813
Polaris
PII
$3.66B
| $12.4M | 0.03% |
+144,414
| New | +$15.3M |
|
814
Extra Space Storage
EXR
$30.9B
| $12.4M | 0.03% |
140,687
-103,003
| -42% | -$8.46M |
|
815
Cheesecake Factory
CAKE
$5.7B
| $12.4M | 0.03% |
268,836
+123,422
| +85% | +$6.04M |
|
|
KSU
816
DELISTED
Kansas City Southern
KSU
| $12.4M | 0.03% |
165,760
-20,907
| -11% | -$1.79M |
|
817
Zurn Elkay Water Solutions
ZWS
$8.1B
| $12.3M | 0.03% |
1,412,508
+590,445
| +72% | +$5.34M |
|
|
BBT
818
Beacon Financial Corp
BBT
$2.65B
| $12.3M | 0.03% |
421,772
-38,269
| -8% | -$1.11M |
|
|
CHK
819
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $12.3M | 0.03% |
13,617
+3,000
| +28% | +$3.73M |
|
820
TETRA Technologies
TTI
$1B
| $12.2M | 0.03% |
1,625,448
-1,921,991
| -54% | -$15M |
|
|
821
CALL
Synchrony
SYF
$26B
| $12.2M | 0.03% |
+400,000
| New | +$12.5M |
|
822
PUT
Patterson-UTI
PTEN
$4.52B
| $12.2M | 0.03% |
+806,100
| New | +$12.4M |
|
|
RHT
823
DELISTED
Red Hat Inc
RHT
| $12.1M | 0.03% |
146,631
-224,994
| -61% | -$17.9M |
|
824
Ball Corp
BALL
$17.1B
| $12.1M | 0.03% |
332,912
+64,336
| +24% | +$2.2M |
|
825
Columbia Banking Systems
COLB
$8.67B
| $12.1M | 0.03% |
372,318
+44,426
| +14% | +$1.48M |
|
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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.