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 | |
|---|---|---|---|---|---|---|
926
Royal Caribbean
RCL
$78.4B
| $9.99M | 0.02% |
133,258
-74,147
| -36% | -$5.22M |
|
927
Emcor
EME
$33.7B
| $9.97M | 0.02% |
167,235
-73,688
| -31% | -$4.07M |
|
928
Teladoc Health
TDOC
$1.13B
| $9.97M | 0.02% |
544,348
-450,025
| -45% | -$7.89M |
|
929
Tractor Supply
TSCO
$18.7B
| $9.94M | 0.02% |
+738,020
| New | +$12.3M |
|
|
SIOX
930
DELISTED
Sio Gene Therapies Inc. Common Stock
SIOX
| $9.92M | 0.02% |
88,558
+78,518
| +782% | +$9.43M |
|
931
ManpowerGroup
MAN
$2.86B
| $9.9M | 0.02% |
+137,030
| New | +$9.45M |
|
932
Public Storage
PSA
$60.7B
| $9.89M | 0.02% |
44,330
+33,613
| +314% | +$7.85M |
|
933
Qualys
QLYS
$6.17B
| $9.89M | 0.02% |
258,886
+164,197
| +173% | +$5.5M |
|
|
AHL
934
DELISTED
ASPEN Insurance Holding Limited
AHL
| $9.88M | 0.02% |
212,125
+153,414
| +261% | +$6.98M |
|
935
PUT
Molson Coors Class B
TAP
$8.02B
| $9.88M | 0.02% |
90,000
+30,000
| +50% | +$3.05M |
|
|
PRXL
936
DELISTED
Parexel International Corp
PRXL
| $9.88M | 0.02% |
142,187
-236,489
| -62% | -$16M |
|
937
M/I Homes
MHO
$3.84B
| $9.87M | 0.02% |
418,723
-23,852
| -5% | -$528K |
|
|
LVNTA
938
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $9.82M | 0.02% |
246,399
+62,093
| +34% | +$2.42M |
|
|
PAY
939
DELISTED
Verifone Systems Inc
PAY
| $9.8M | 0.02% |
622,664
+600,091
| +2,658% | +$10.9M |
|
|
OPLN
940
Openlane
OPLN
$4.16B
| $9.8M | 0.02% |
599,737
-2,274,402
| -79% | -$36.3M |
|
941
Celestica
CLS
$37.1B
| $9.78M | 0.02% |
902,816
-133,079
| -13% | -$1.4M |
|
942
Franklin Templeton
BEN
$17.6B
| $9.76M | 0.02% |
274,327
+212,642
| +345% | +$7.52M |
|
943
iShares Core S&P 500 ETF
IVV
$891B
| $9.76M | 0.02% |
44,846
-331,281
| -88% | -$72.1M |
|
|
SWC
944
DELISTED
Stillwater Mining Co
SWC
| $9.75M | 0.02% |
+729,484
| New | +$9.79M |
|
945
Autodesk
ADSK
$53.7B
| $9.73M | 0.02% |
134,524
-13,875
| -9% | -$874K |
|
946
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $9.67M | 0.02% |
165,690
-5,685
| -3% | -$330K |
|
947
LXP Industrial Trust
LXP
$3.6B
| $9.67M | 0.02% |
187,810
+72,515
| +63% | +$3.83M |
|
|
WCG
948
DELISTED
Wellcare Health Plans, Inc.
WCG
| $9.66M | 0.02% |
82,519
+3,197
| +4% | +$357K |
|
949
Cigna
CI
$74.1B
| $9.62M | 0.02% |
73,787
+63,440
| +613% | +$8.28M |
|
|
ENLC
950
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $9.62M | 0.02% |
574,015
+369,813
| +181% | +$6M |
|
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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.