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 | |
|---|---|---|---|---|---|---|
901
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $10.7M | 0.02% |
+285,500
| New | +$10.4M |
|
|
CBI
902
DELISTED
Chicago Bridge & Iron Nv
CBI
| $10.6M | 0.02% |
379,791
-225,315
| -37% | -$7.31M |
|
903
Herbalife
HLF
$1.32B
| $10.6M | 0.02% |
341,932
+220,878
| +182% | +$6.98M |
|
904
ArcelorMittal
MT
$54.8B
| $10.6M | 0.02% |
582,208
+503,379
| +639% | +$8.92M |
|
|
SF
905
Stifel
SF
$12.2B
| $10.5M | 0.02% |
+616,585
| New | +$9.9M |
|
|
WLL
906
PUT
DELISTED
Whiting Petroleum Corporation
WLL
| $10.5M | 0.02% |
4,000
+1,000
| +33% | +$2.34M |
|
907
Corning
GLW
$125B
| $10.4M | 0.02% |
441,614
-79,767
| -15% | -$1.78M |
|
908
Flex
FLEX
$39.4B
| $10.3M | 0.02% |
1,006,624
-1,100,418
| -52% | -$10.7M |
|
909
Vodafone
VOD
$36.9B
| $10.3M | 0.02% |
354,426
-765,054
| -68% | -$23.3M |
|
|
MSCC
910
DELISTED
Microsemi Corp
MSCC
| $10.3M | 0.02% |
+245,974
| New | +$9.41M |
|
911
Pilgrim's Pride
PPC
$7.57B
| $10.3M | 0.02% |
488,722
+469,732
| +2,474% | +$10.9M |
|
|
CTRA
912
CALL
DELISTED
Coterra Energy
CTRA
| $10.3M | 0.02% |
400,000
+200,000
| +100% | +$5M |
|
913
Cabot Corp
CBT
$4.33B
| $10.3M | 0.02% |
196,595
+60,554
| +45% | +$3M |
|
|
ASNA
914
DELISTED
Ascena Retail Group, Inc.
ASNA
| $10.2M | 0.02% |
91,342
+55,671
| +156% | +$8.44M |
|
|
IMPV
915
DELISTED
Imperva, Inc.
IMPV
| $10.2M | 0.02% |
189,748
+181,197
| +2,119% | +$8.41M |
|
916
Gold Fields
GFI
$42.3B
| $10.2M | 0.02% |
2,097,084
-93,799
| -4% | -$531K |
|
|
GCP
917
DELISTED
GCP Applied Technologies Inc.
GCP
| $10.1M | 0.02% |
357,890
-536,320
| -60% | -$14.9M |
|
918
CALL
Fluor
FLR
$6.86B
| $10.1M | 0.02% |
197,100
| – | – |
|
919
Terreno Realty
TRNO
$7.51B
| $10.1M | 0.02% |
366,954
-263,006
| -42% | -$7.05M |
|
920
Energizer
ENR
$1.47B
| $10.1M | 0.02% |
201,651
+152,791
| +313% | +$7.5M |
|
921
PUT
Regeneron Pharmaceuticals
REGN
$85.3B
| $10.1M | 0.02% |
+25,000
| New | +$10M |
|
922
Banc of California
BANC
$2.95B
| $10M | 0.02% |
575,318
+467,334
| +433% | +$9.71M |
|
|
LNKD
923
PUT
DELISTED
LinkedIn Corporation
LNKD
| $10M | 0.02% |
+52,500
| New | +$10.1M |
|
924
Bank of Montreal
BMO
$121B
| $10M | 0.02% |
+152,793
| New | +$9.93M |
|
925
Ingredion
INGR
$6.69B
| $10M | 0.02% |
+75,194
| New | +$10M |
|
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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.