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 | |
|---|---|---|---|---|---|---|
826
Tenet Healthcare
THC
$22.4B
| $12M | 0.02% |
528,906
+16,079
| +3% | +$419K |
|
827
Gentex
GNTX
$4.97B
| $12M | 0.02% |
681,369
+638,599
| +1,493% | +$11M |
|
828
Prosperity Bancshares
PB
$8.74B
| $12M | 0.02% |
217,942
-149,443
| -41% | -$7.92M |
|
829
Energy Transfer Partners
ET
$72.6B
| $12M | 0.02% |
712,432
+133,220
| +23% | +$2.25M |
|
830
JPMorgan Chase
JPM
$947B
| $11.9M | 0.02% |
179,355
+170,930
| +2,029% | +$11.1M |
|
|
MPT
831
Medical Properties Trust
MPT
$2.46B
| $11.9M | 0.02% |
807,628
+509,059
| +170% | +$7.7M |
|
832
Dave & Buster's
PLAY
$362M
| $11.9M | 0.02% |
303,127
-684,461
| -69% | -$30.3M |
|
833
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $11.8M | 0.02% |
135,490
+96,734
| +250% | +$8.32M |
|
|
PHH
834
DELISTED
PHH Corporation
PHH
| $11.8M | 0.02% |
816,134
+253,677
| +45% | +$3.72M |
|
835
SL Green Realty
SLG
$4.15B
| $11.8M | 0.02% |
112,667
-272,679
| -71% | -$29.9M |
|
|
WFM
836
DELISTED
Whole Foods Market Inc
WFM
| $11.8M | 0.02% |
+415,508
| New | +$12.8M |
|
837
Telephone and Data Systems
TDS
$3.81B
| $11.8M | 0.02% |
433,239
+83,886
| +24% | +$2.45M |
|
|
ADMS
838
DELISTED
Adamas Pharmaceuticals
ADMS
| $11.8M | 0.02% |
717,375
+160,806
| +29% | +$2.44M |
|
839
Kinross Gold
KGC
$39.1B
| $11.8M | 0.02% |
2,796,079
-2,136,671
| -43% | -$10.3M |
|
840
Central Pacific Financial
CPF
$972M
| $11.8M | 0.02% |
467,088
-86,942
| -16% | -$2.16M |
|
|
HDS
841
DELISTED
HD Supply Holdings, Inc.
HDS
| $11.8M | 0.02% |
367,743
-766,349
| -68% | -$26.5M |
|
|
TLRD
842
DELISTED
Tailored Brands, Inc.
TLRD
| $11.7M | 0.02% |
748,354
+543,582
| +265% | +$7.91M |
|
|
NMBL
843
DELISTED
Nimble Storage, Inc.
NMBL
| $11.7M | 0.02% |
1,329,619
+629,573
| +90% | +$4.98M |
|
844
Ciena
CIEN
$52.7B
| $11.7M | 0.02% |
538,017
+127,832
| +31% | +$2.67M |
|
|
TMH
845
DELISTED
Team Health Holdings Inc
TMH
| $11.7M | 0.02% |
359,849
+352,869
| +5,055% | +$13M |
|
|
PTLA
846
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $11.7M | 0.02% |
515,756
-430,513
| -45% | -$10.1M |
|
847
Canadian Imperial Bank of Commerce
CM
$105B
| $11.7M | 0.02% |
301,402
+179,716
| +148% | +$6.92M |
|
848
CNO Financial Group
CNO
$5.02B
| $11.7M | 0.02% |
764,489
+468,273
| +158% | +$7.63M |
|
849
W.P. Carey
WPC
$16.3B
| $11.6M | 0.02% |
184,311
+91,175
| +98% | +$6.08M |
|
850
PUT
Jacobs Solutions
J
$17.7B
| $11.6M | 0.02% |
+272,018
| New | +$11.8M |
|
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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.