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 | |
|---|---|---|---|---|---|---|
901
Innospec
IOSP
$2.33B
| $8.98M | 0.02% |
+207,209
| New | +$9.57M |
|
|
IVC
902
DELISTED
Invacare Corporation
IVC
| $8.98M | 0.02% |
682,269
+552,400
| +425% | +$7.83M |
|
|
FTR
903
DELISTED
Frontier Communications Corp.
FTR
| $8.97M | 0.02% |
106,997
-853,473
| -89% | -$62.1M |
|
|
CTRA
904
PUT
DELISTED
Coterra Energy
CTRA
| $8.95M | 0.02% |
394,200
| – | – |
|
905
Photronics
PLAB
$1.74B
| $8.93M | 0.02% |
857,337
-190,418
| -18% | -$2.06M |
|
|
TIME
906
DELISTED
Time Inc.
TIME
| $8.93M | 0.02% |
578,024
+435,844
| +307% | +$6.27M |
|
907
PUT
Intel
INTC
$461B
| $8.9M | 0.02% |
+275,000
| New | +$8.44M |
|
|
EPZM
908
DELISTED
Epizyme, Inc
EPZM
| $8.86M | 0.02% |
+730,664
| New | +$7.39M |
|
909
iShares Biotechnology ETF
IBB
$10.7B
| $8.83M | 0.02% |
101,529
-433,947
| -81% | -$38.8M |
|
|
HBI
910
DELISTED
Hanesbrands
HBI
| $8.82M | 0.02% |
311,117
-814,921
| -72% | -$23.3M |
|
|
WEB
911
DELISTED
Web.com Group, Inc.
WEB
| $8.8M | 0.02% |
444,253
+45,485
| +11% | +$832K |
|
|
WLL
912
PUT
DELISTED
Whiting Petroleum Corporation
WLL
| $8.78M | 0.02% |
+3,667
| New | +$7.21M |
|
|
ANSS
913
DELISTED
Ansys
ANSS
| $8.77M | 0.02% |
98,053
+93,801
| +2,206% | +$8.09M |
|
|
STRZA
914
DELISTED
Starz - Series A
STRZA
| $8.73M | 0.02% |
331,605
-167,616
| -34% | -$4.59M |
|
915
Eagle Materials
EXP
$6.27B
| $8.73M | 0.02% |
124,524
-766,225
| -86% | -$44.6M |
|
916
Hasbro
HAS
$13.5B
| $8.73M | 0.02% |
108,954
-227,928
| -68% | -$16.9M |
|
917
Toyota
TM
$229B
| $8.71M | 0.02% |
+81,969
| New | +$9.05M |
|
918
Enpro
NPO
$6.45B
| $8.71M | 0.02% |
150,990
+54,768
| +57% | +$2.64M |
|
|
GOLD
919
DELISTED
Randgold Resources Ltd
GOLD
| $8.69M | 0.02% |
95,728
+61,435
| +179% | +$4.93M |
|
920
DigitalBridge
DBRG
$2.95B
| $8.69M | 0.02% |
191,289
-164,539
| -46% | -$7.27M |
|
921
Boise Cascade
BCC
$2.87B
| $8.67M | 0.02% |
418,612
-31,292
| -7% | -$590K |
|
922
Avis
CAR
$5.19B
| $8.65M | 0.02% |
316,296
-545,129
| -63% | -$14.9M |
|
923
Jazz Pharmaceuticals
JAZZ
$16.5B
| $8.65M | 0.02% |
66,275
-30,085
| -31% | -$3.74M |
|
924
Bank of Montreal
BMO
$121B
| $8.63M | 0.02% |
142,256
-154,815
| -52% | -$8.48M |
|
925
Berkshire Hathaway Class B
BRK.B
$1.08T
| $8.59M | 0.02% |
60,533
-45,085
| -43% | -$5.98M |
|
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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.