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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Ovintiv
OVV
$18.5B
| $99.2M | 0.21% |
3,896,337
-755,992
| -16% | -$27.6M |
|
|
ITC
77
DELISTED
ITC HOLDINGS CORP
ITC
| $97.7M | 0.21% |
+2,488,490
| New | +$86.5M |
|
78
Advance Auto Parts
AAP
$2.57B
| $97M | 0.2% |
644,444
+183,859
| +40% | +$31.9M |
|
79
American Airlines Group
AAL
$9.15B
| $96.6M | 0.2% |
2,280,834
+1,508,979
| +196% | +$65.4M |
|
80
Puma Biotechnology
PBYI
$477M
| $94.2M | 0.2% |
1,201,171
+1,014,828
| +545% | +$79.7M |
|
|
HOT
81
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $92.2M | 0.19% |
1,331,192
+185,716
| +16% | +$13.3M |
|
|
AGR
82
DELISTED
Avangrid, Inc.
AGR
| $91.7M | 0.19% |
+2,387,334
| New | +$86.8M |
|
83
DTE Energy
DTE
$28.1B
| $90.3M | 0.19% |
1,323,381
-2,521,544
| -66% | -$174M |
|
84
Gilead Sciences
GILD
$181B
| $90M | 0.19% |
889,735
+97,485
| +12% | +$10.1M |
|
85
PPG Industries
PPG
$25.3B
| $89.4M | 0.19% |
904,985
-519,216
| -36% | -$52.5M |
|
|
SRC
86
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $89.1M | 0.19% |
1,982,280
-257,814
| -12% | -$11.4M |
|
87
Visteon
VC
$2.83B
| $88.7M | 0.19% |
774,877
+85,392
| +12% | +$9.67M |
|
88
Southwest Airlines
LUV
$19.8B
| $87.2M | 0.18% |
2,025,903
-304,515
| -13% | -$13.5M |
|
89
Oceaneering
OII
$5.28B
| $86.1M | 0.18% |
2,294,047
+800,720
| +54% | +$34.3M |
|
90
Cisco
CSCO
$438B
| $85.7M | 0.18% |
3,154,758
-3,781,599
| -55% | -$104M |
|
91
NRG Energy
NRG
$23.8B
| $85.3M | 0.18% |
7,249,101
-2,733,495
| -27% | -$34.5M |
|
92
Palo Alto Networks
PANW
$292B
| $84.9M | 0.18% |
2,891,490
+769,932
| +36% | +$22.2M |
|
|
ISEE
93
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $84.9M | 0.18% |
1,080,625
+1,047,947
| +3,207% | +$60.6M |
|
|
PTLA
94
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $84.8M | 0.18% |
1,647,982
+589,667
| +56% | +$28.6M |
|
95
Aramark
ARMK
$15.8B
| $83.7M | 0.18% |
3,595,654
+686,381
| +24% | +$15.7M |
|
|
WLL
96
DELISTED
Whiting Petroleum Corporation
WLL
| $83.6M | 0.18% |
29,531
+75
| +0.3% | +$356K |
|
|
LGF
97
DELISTED
Lions Gate Entertainment
LGF
| $83.4M | 0.18% |
2,575,541
+1,083,982
| +73% | +$39.9M |
|
|
OPLN
98
Openlane
OPLN
$4.08B
| $83.2M | 0.17% |
5,933,264
-1,201,914
| -17% | -$17M |
|
99
Yum! Brands
YUM
$41.8B
| $83M | 0.17% |
1,580,709
+537,605
| +52% | +$28.1M |
|
100
AB InBev
BUD
$155B
| $82.6M | 0.17% |
660,480
-263,949
| -29% | -$31.9M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.