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 | |
|---|---|---|---|---|---|---|
826
Edwards Lifesciences
EW
$52.2B
| $10.1M | 0.03% |
344,058
-1,539,375
| -82% | -$42.5M |
|
|
BXLT
827
CALL
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $10.1M | 0.03% |
250,000
+50,000
| +25% | +$1.98M |
|
|
VRNT
828
DELISTED
Verint Systems
VRNT
| $10.1M | 0.03% |
+593,207
| New | +$10.8M |
|
829
Unilever
UL
$141B
| $10.1M | 0.03% |
198,395
+112,475
| +131% | +$5.47M |
|
830
TIM SA
TIMB
$8.69B
| $10.1M | 0.03% |
911,179
+38,464
| +4% | +$338K |
|
831
Radian Group
RDN
$4.86B
| $10.1M | 0.03% |
811,360
-846,560
| -51% | -$9.6M |
|
832
Manitowoc
MTW
$710M
| $10M | 0.03% |
+579,688
| New | +$8.42M |
|
833
Carlisle Companies
CSL
$14.4B
| $10M | 0.03% |
100,817
-102,991
| -51% | -$9.08M |
|
|
CIT
834
CALL
DELISTED
CIT Group Inc.
CIT
| $10M | 0.03% |
+322,500
| New | +$10.2M |
|
835
TC Energy
TRP
$64.7B
| $9.99M | 0.03% |
254,233
+179,118
| +238% | +$6.27M |
|
|
AKRX
836
DELISTED
Akorn Inc
AKRX
| $9.99M | 0.03% |
424,536
+106,001
| +33% | +$2.79M |
|
|
ABB
837
DELISTED
ABB Ltd
ABB
| $9.92M | 0.02% |
510,740
+449,591
| +735% | +$7.95M |
|
|
PEGI
838
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $9.91M | 0.02% |
519,925
-405,094
| -44% | -$7.28M |
|
|
VR
839
DELISTED
Validus Hold Ltd
VR
| $9.9M | 0.02% |
209,865
-490,223
| -70% | -$22M |
|
840
Healthpeak Properties
DOC
$14.9B
| $9.9M | 0.02% |
333,743
+312,003
| +1,435% | +$9.36M |
|
|
JUNO
841
DELISTED
Juno Therapeutics, Inc.
JUNO
| $9.9M | 0.02% |
259,822
+253,586
| +4,066% | +$8.84M |
|
|
FBR
842
DELISTED
Fibria Celulose Sa
FBR
| $9.89M | 0.02% |
+1,166,420
| New | +$11.8M |
|
843
United Natural Foods
UNFI
$2.94B
| $9.88M | 0.02% |
245,177
-93,499
| -28% | -$3.45M |
|
|
INVX
844
Innovex International
INVX
$2B
| $9.86M | 0.02% |
162,729
-23,313
| -13% | -$1.3M |
|
|
CVRR
845
DELISTED
CVR Refining, LP
CVRR
| $9.81M | 0.02% |
811,842
+363,119
| +81% | +$5.15M |
|
846
TripAdvisor
TRIP
$1.19B
| $9.78M | 0.02% |
147,043
-295,189
| -67% | -$19.5M |
|
|
TGP
847
DELISTED
Teekay LNG Partners L.P.
TGP
| $9.76M | 0.02% |
769,465
-381,674
| -33% | -$4.33M |
|
|
MDRX
848
DELISTED
Veradigm Inc. Common Stock
MDRX
| $9.74M | 0.02% |
737,586
+38,398
| +5% | +$504K |
|
849
Vanguard S&P 500 ETF
VOO
$1.02T
| $9.73M | 0.02% |
51,624
+33,845
| +190% | +$6.06M |
|
|
WGL
850
DELISTED
Wgl Holdings
WGL
| $9.71M | 0.02% |
134,193
-10,968
| -8% | -$734K |
|
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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.