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 | |
|---|---|---|---|---|---|---|
|
CSRA
926
DELISTED
CSRA Inc.
CSRA
| $8.59M | 0.02% |
319,219
-161,486
| -34% | -$4.22M |
|
927
SITE Centers
SITC
$161M
| $8.56M | 0.02% |
373,319
+141,493
| +61% | +$3.05M |
|
928
RingCentral
RNG
$5.6B
| $8.52M | 0.02% |
541,083
+265,175
| +96% | +$4.96M |
|
929
Generac Holdings
GNRC
$12B
| $8.51M | 0.02% |
228,636
+211,092
| +1,203% | +$6.8M |
|
|
OTIC
930
DELISTED
Otonomy, Inc.
OTIC
| $8.51M | 0.02% |
570,566
-39,363
| -6% | -$618K |
|
931
Builders FirstSource
BLDR
$7.56B
| $8.48M | 0.02% |
752,860
-1,055,257
| -58% | -$9.14M |
|
932
Reliance Steel & Aluminium
RS
$19.5B
| $8.48M | 0.02% |
122,611
-20,619
| -14% | -$1.25M |
|
|
NE
933
DELISTED
Noble Corporation
NE
| $8.47M | 0.02% |
818,447
+601,186
| +277% | +$5.46M |
|
934
POSCO
PKX
$17.7B
| $8.43M | 0.02% |
178,128
+161,147
| +949% | +$6.38M |
|
935
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $8.42M | 0.02% |
343,106
| – | – |
|
|
LLTC
936
DELISTED
Linear Technology Corp
LLTC
| $8.4M | 0.02% |
188,585
-414,031
| -69% | -$17.5M |
|
|
STMP
937
DELISTED
Stamps.com, Inc.
STMP
| $8.38M | 0.02% |
78,830
+15,124
| +24% | +$1.55M |
|
938
Rithm Capital
RITM
$5.72B
| $8.37M | 0.02% |
719,321
-256,912
| -26% | -$2.85M |
|
939
State Street
STT
$52.4B
| $8.35M | 0.02% |
142,614
-216,192
| -60% | -$12.3M |
|
940
MacroGenics
MGNX
$256M
| $8.34M | 0.02% |
444,726
+138,522
| +45% | +$2.64M |
|
|
AGEN
941
Agenus
AGEN
$345M
| $8.34M | 0.02% |
102,118
-50,634
| -33% | -$3.41M |
|
942
EPR Properties
EPR
$4.64B
| $8.31M | 0.02% |
124,717
-130,575
| -51% | -$7.96M |
|
943
Ziff Davis
ZD
$1.91B
| $8.31M | 0.02% |
155,161
+114,543
| +282% | +$6.93M |
|
|
LGF
944
DELISTED
Lions Gate Entertainment
LGF
| $8.3M | 0.02% |
379,847
-2,195,694
| -85% | -$52.4M |
|
945
Emcor
EME
$33.7B
| $8.29M | 0.02% |
170,669
-21,147
| -11% | -$965K |
|
|
AAN.A
946
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $8.29M | 0.02% |
330,407
+209,991
| +174% | +$5.27M |
|
|
DOOR
947
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $8.26M | 0.02% |
126,097
-222,250
| -64% | -$12.6M |
|
948
Ameriprise Financial
AMP
$49.6B
| $8.26M | 0.02% |
87,843
-663,455
| -88% | -$59.5M |
|
|
NVO
949
Novo Nordisk
NVO
$207B
| $8.26M | 0.02% |
+304,790
| New | +$8.17M |
|
950
PUT
Procter & Gamble
PG
$341B
| $8.23M | 0.02% |
+100,000
| New | +$8.06M |
|
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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.