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 | |
|---|---|---|---|---|---|---|
951
UGI
UGI
$8.19B
| $8.22M | 0.02% |
204,130
+32,959
| +19% | +$1.2M |
|
952
MaxLinear
MXL
$5.69B
| $8.21M | 0.02% |
444,076
-266,922
| -38% | -$4.23M |
|
953
FMC
FMC
$1.41B
| $8.21M | 0.02% |
234,480
-623,485
| -73% | -$20.2M |
|
954
Church & Dwight Co
CHD
$24.3B
| $8.2M | 0.02% |
177,978
-197,414
| -53% | -$8.62M |
|
955
PUT
iShares MSCI Brazil ETF
EWZ
$8.07B
| $8.15M | 0.02% |
+310,000
| New | +$6.67M |
|
956
Herc Holdings
HRI
$5.28B
| $8.15M | 0.02% |
257,987
-153,281
| -37% | -$4.5M |
|
957
Groupon
GRPN
$798M
| $8.14M | 0.02% |
+101,957
| New | +$7.05M |
|
|
SCLN
958
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
| $8.13M | 0.02% |
738,789
+264,756
| +56% | +$2.35M |
|
|
HIFR
959
DELISTED
InfraREIT, Inc.
HIFR
| $8.1M | 0.02% |
475,158
-56,155
| -11% | -$1.03M |
|
960
Ribbon Communications
RBBN
$365M
| $8.1M | 0.02% |
1,075,326
+641,243
| +148% | +$4.29M |
|
961
Rexford Industrial Realty
REXR
$8.4B
| $8.08M | 0.02% |
444,931
+168,937
| +61% | +$2.84M |
|
|
SUM
962
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $8.03M | 0.02% |
+431,007
| New | +$7.05M |
|
963
Smith & Wesson
SWBI
$612M
| $8.03M | 0.02% |
392,560
+100,625
| +34% | +$1.87M |
|
964
Littelfuse
LFUS
$10.2B
| $8.02M | 0.02% |
65,135
+1,806
| +3% | +$199K |
|
|
SEMG
965
DELISTED
SEMGROUP CORPORATION
SEMG
| $8.02M | 0.02% |
357,796
+302,834
| +551% | +$6.25M |
|
966
CoStar Group
CSGP
$13.3B
| $7.99M | 0.02% |
424,740
+326,680
| +333% | +$5.78M |
|
967
Accenture
ACN
$114B
| $7.94M | 0.02% |
68,839
+53,339
| +344% | +$5.48M |
|
|
SFLY
968
DELISTED
Shutterfly, Inc.
SFLY
| $7.94M | 0.02% |
171,314
+159,687
| +1,373% | +$6.81M |
|
|
MORE
969
DELISTED
Monogram Residential Trust, Inc.
MORE
| $7.93M | 0.02% |
804,359
+671,157
| +504% | +$6.13M |
|
970
Prologis
PLD
$136B
| $7.88M | 0.02% |
178,429
+28,997
| +19% | +$1.16M |
|
|
SGEN
971
DELISTED
Seagen Inc. Common Stock
SGEN
| $7.86M | 0.02% |
224,089
+136,176
| +155% | +$4.57M |
|
|
CHL
972
DELISTED
China Mobile Limited
CHL
| $7.86M | 0.02% |
141,750
-86,296
| -38% | -$4.65M |
|
|
BLD
973
DELISTED
TopBuild
BLD
| $7.83M | 0.02% |
263,463
-26,389
| -9% | -$714K |
|
|
NPKI
974
NPK International
NPKI
$1.12B
| $7.81M | 0.02% |
1,807,679
-877,926
| -33% | -$3.75M |
|
975
Toll Brothers
TOL
$13.8B
| $7.81M | 0.02% |
264,584
-320,364
| -55% | -$8.96M |
|
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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.