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 | |
|---|---|---|---|---|---|---|
|
STAY
801
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $10.5M | 0.03% |
645,996
-673,295
| -51% | -$9.39M |
|
|
DNB
802
DELISTED
Dun & Bradstreet
DNB
| $10.5M | 0.03% |
102,011
+58,383
| +134% | +$5.67M |
|
803
Itaú Unibanco
ITUB
$82.9B
| $10.5M | 0.03% |
2,707,094
-331,962
| -11% | -$1.01M |
|
|
TEN
804
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $10.5M | 0.03% |
203,463
+47,354
| +30% | +$2.08M |
|
805
SPDR Gold Trust
GLD
$155B
| $10.5M | 0.03% |
88,892
-14,292
| -14% | -$1.62M |
|
806
Telephone and Data Systems
TDS
$3.81B
| $10.4M | 0.03% |
346,557
-1,281,934
| -79% | -$32.3M |
|
|
BT
807
DELISTED
BT Group plc (ADR)
BT
| $10.4M | 0.03% |
324,718
+299,707
| +1,198% | +$10M |
|
808
iShares Silver Trust
SLV
$33.5B
| $10.4M | 0.03% |
709,351
-656,751
| -48% | -$9.32M |
|
809
Ovintiv
OVV
$18.2B
| $10.4M | 0.03% |
341,849
-3,554,488
| -91% | -$81.8M |
|
|
ISEE
810
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $10.4M | 0.03% |
246,229
-834,396
| -77% | -$42.5M |
|
811
CALL
Johnson & Johnson
JNJ
$658B
| $10.4M | 0.03% |
100,000
+50,000
| +100% | +$5.18M |
|
812
Assurant
AIZ
$14.2B
| $10.4M | 0.03% |
134,605
+68,649
| +104% | +$5.21M |
|
|
NSTG
813
DELISTED
NanoString Technologies, Inc.
NSTG
| $10.4M | 0.03% |
681,631
+64,811
| +11% | +$916K |
|
814
Smith & Nephew
SNN
$12.4B
| $10.3M | 0.03% |
310,632
-43,847
| -12% | -$1.44M |
|
|
CBI
815
DELISTED
Chicago Bridge & Iron Nv
CBI
| $10.3M | 0.03% |
+282,817
| New | +$10.1M |
|
|
GTLS
816
DELISTED
Chart Industries
GTLS
| $10.3M | 0.03% |
476,381
-586,279
| -55% | -$10.5M |
|
|
817
PUT
ConocoPhillips
COP
$160B
| $10.3M | 0.03% |
256,600
+156,600
| +157% | +$5.95M |
|
818
TransUnion
TRU
$16.3B
| $10.3M | 0.03% |
+373,929
| New | +$9.48M |
|
819
Vishay Intertechnology
VSH
$4.67B
| $10.3M | 0.03% |
842,684
+408,928
| +94% | +$4.7M |
|
820
Prothena Corp
PRTA
$482M
| $10.2M | 0.03% |
248,522
+245,388
| +7,830% | +$9.6M |
|
821
Burlington
BURL
$20.8B
| $10.2M | 0.03% |
181,558
-230,291
| -56% | -$12M |
|
822
Carnival Corporation Ltd
CCL
$35.2B
| $10.2M | 0.03% |
192,984
-1,687,704
| -90% | -$81.7M |
|
823
Coherent
COHR
$53.9B
| $10.2M | 0.03% |
468,010
+246,839
| +112% | +$4.9M |
|
|
PTLA
824
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $10.1M | 0.03% |
496,555
-1,151,427
| -70% | -$36.5M |
|
|
WLL
825
DELISTED
Whiting Petroleum Corporation
WLL
| $10.1M | 0.03% |
4,227
-25,304
| -86% | -$49.7M |
|
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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.