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 | |
|---|---|---|---|---|---|---|
851
Mercado Libre
MELI
$98.8B
| $11.6M | 0.02% |
62,834
+22,732
| +57% | +$3.77M |
|
852
Texas Roadhouse
TXRH
$13.5B
| $11.6M | 0.02% |
+297,659
| New | +$13.3M |
|
|
OTIC
853
DELISTED
Otonomy, Inc.
OTIC
| $11.6M | 0.02% |
638,402
-158,434
| -20% | -$2.59M |
|
854
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $11.6M | 0.02% |
+120,000
| New | +$11.4M |
|
855
LKQ Corp
LKQ
$6.51B
| $11.6M | 0.02% |
326,052
-601,599
| -65% | -$20.9M |
|
856
ResMed
RMD
$33.5B
| $11.6M | 0.02% |
+178,439
| New | +$11.9M |
|
857
Exelixis
EXEL
$13.5B
| $11.5M | 0.02% |
902,160
-3,237,052
| -78% | -$35M |
|
858
Allegiant Air
ALGT
$2.23B
| $11.5M | 0.02% |
87,358
-6,065
| -6% | -$824K |
|
859
HUB Group
HUBG
$2.46B
| $11.5M | 0.02% |
565,236
+31,262
| +6% | +$636K |
|
860
Novavax
NVAX
$1.46B
| $11.5M | 0.02% |
276,415
+274,660
| +15,650% | +$35.5M |
|
861
Atlantic Union Bankshares
AUB
$5.84B
| $11.5M | 0.02% |
429,513
+175,577
| +69% | +$4.7M |
|
862
CALL
HF Sinclair
DINO
$16.9B
| $11.5M | 0.02% |
469,000
| – | – |
|
863
MasTec
MTZ
$20.5B
| $11.5M | 0.02% |
+386,183
| New | +$10.6M |
|
864
PUT
Johnson & Johnson
JNJ
$658B
| $11.5M | 0.02% |
+100,000
| New | +$12.1M |
|
865
AB InBev
BUD
$156B
| $11.4M | 0.02% |
87,052
-233,311
| -73% | -$29.5M |
|
|
TWTR
866
PUT
DELISTED
Twitter, Inc.
TWTR
| $11.4M | 0.02% |
+495,000
| New | +$9.31M |
|
|
QVCGA
867
CALL
DELISTED
QVC Group Inc Series A
QVCGA
| $11.4M | 0.02% |
+11,742
| New | +$12.9M |
|
|
MRT
868
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $11.4M | 0.02% |
+970,528
| New | +$11.3M |
|
869
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $11.4M | 0.02% |
157,777
+28,374
| +22% | +$2.09M |
|
870
Citigroup
C
$221B
| $11.4M | 0.02% |
240,850
-558,925
| -70% | -$25.4M |
|
871
PUT
Vulcan Materials
VMC
$35.8B
| $11.4M | 0.02% |
100,000
+50,000
| +100% | +$5.89M |
|
872
Banco Bradesco
BBD
$34.3B
| $11.3M | 0.02% |
2,410,027
+1,680,541
| +230% | +$7.62M |
|
|
MDR
873
DELISTED
McDermott International
MDR
| $11.3M | 0.02% |
751,249
+203,530
| +37% | +$3.04M |
|
|
ECHO
874
EchoStar
ECHO
$24.8B
| $11.3M | 0.02% |
317,839
-126,697
| -29% | -$4.01M |
|
875
Jabil
JBL
$31.9B
| $11.3M | 0.02% |
517,240
-5,824
| -1% | -$121K |
|
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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.