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 | |
|---|---|---|---|---|---|---|
876
Brinker International
EAT
$10.9B
| $11.3M | 0.02% |
223,514
+136,317
| +156% | +$6.86M |
|
|
FBC
877
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $11.3M | 0.02% |
405,999
-392,943
| -49% | -$10.6M |
|
878
Entegris
ENTG
$21.1B
| $11.3M | 0.02% |
+646,689
| New | +$10.6M |
|
|
BCR
879
PUT
DELISTED
CR Bard Inc.
BCR
| $11.2M | 0.02% |
+50,000
| New | +$11.3M |
|
|
SPN
880
DELISTED
Superior Energy Services, Inc.
SPN
| $11.2M | 0.02% |
62,624
+38,536
| +160% | +$6.46M |
|
|
RDC
881
DELISTED
Rowan Companies Plc
RDC
| $11.2M | 0.02% |
+739,371
| New | +$10.8M |
|
882
Lazard
LAZ
$4.29B
| $11.1M | 0.02% |
306,017
+198,713
| +185% | +$6.95M |
|
883
Suncor Energy
SU
$78.8B
| $11.1M | 0.02% |
+400,000
| New | +$10.9M |
|
884
Honda
HMC
$42.3B
| $11.1M | 0.02% |
383,111
-111,013
| -22% | -$3.17M |
|
885
Greif
GEF
$4.89B
| $11M | 0.02% |
222,688
-119,176
| -35% | -$5.1M |
|
886
Advance Auto Parts
AAP
$2.63B
| $11M | 0.02% |
74,042
-436,476
| -85% | -$69.7M |
|
887
Brown-Forman Class B
BF.B
$13.2B
| $11M | 0.02% |
362,292
-315,727
| -47% | -$9.8M |
|
888
Community Health Systems
CYH
$424M
| $10.9M | 0.02% |
947,306
+837,306
| +761% | +$9.65M |
|
889
COPT Defense Properties
CDP
$4.25B
| $10.9M | 0.02% |
385,572
+201,892
| +110% | +$5.84M |
|
890
Evercore
EVR
$11.2B
| $10.9M | 0.02% |
212,026
+64,287
| +44% | +$3.23M |
|
|
CVSA
891
Covista Inc
CVSA
$4.52B
| $10.8M | 0.02% |
470,524
+366,828
| +354% | +$8.19M |
|
892
Oceaneering
OII
$5.02B
| $10.8M | 0.02% |
392,504
-32,361
| -8% | -$896K |
|
893
Tronox
TROX
$861M
| $10.8M | 0.02% |
1,150,203
+794,866
| +224% | +$6.11M |
|
|
CSRA
894
DELISTED
CSRA Inc.
CSRA
| $10.8M | 0.02% |
400,519
-317,857
| -44% | -$8.21M |
|
895
Avient
AVNT
$4.07B
| $10.8M | 0.02% |
318,155
+180,915
| +132% | +$6.26M |
|
896
CALL
Sarepta Therapeutics
SRPT
$1.92B
| $10.7M | 0.02% |
174,700
+94,300
| +117% | +$2.85M |
|
|
FOE
897
DELISTED
Ferro Corporation
FOE
| $10.7M | 0.02% |
776,502
-660,921
| -46% | -$8.73M |
|
898
Alerian MLP ETF
AMLP
$13.3B
| $10.7M | 0.02% |
168,968
+58,802
| +53% | +$3.72M |
|
899
Atkore
ATKR
$3.16B
| $10.7M | 0.02% |
572,036
-638,448
| -53% | -$11M |
|
|
AUO
900
DELISTED
AU Optronics Corp
AUO
| $10.7M | 0.02% |
2,932,822
+2,363,323
| +415% | +$9.05M |
|
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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.