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 | |
|---|---|---|---|---|---|---|
76
Intuitive Surgical
ISRG
$134B
| $87.6M | 0.22% |
1,311,561
-1,267,596
| -49% | -$78.6M |
|
77
EQT Corp
EQT
$33.6B
| $87.3M | 0.22% |
2,384,182
+1,730,221
| +265% | +$55.4M |
|
78
Applied Materials
AMAT
$391B
| $87.1M | 0.22% |
4,110,591
+3,640,301
| +774% | +$66.4M |
|
|
GXP
79
DELISTED
Great Plains Energy Incorporated
GXP
| $86.1M | 0.22% |
2,668,920
+562,446
| +27% | +$16.3M |
|
80
Alibaba
BABA
$286B
| $86M | 0.22% |
1,088,536
+607,333
| +126% | +$42.7M |
|
81
Broadcom
AVGO
$1.75T
| $85.3M | 0.21% |
5,521,020
+1,522,730
| +38% | +$20.6M |
|
82
Zimmer Biomet
ZBH
$19.3B
| $83.8M | 0.21% |
+809,735
| New | +$78.3M |
|
83
AB InBev
BUD
$155B
| $83.3M | 0.21% |
667,912
+7,432
| +1% | +$882K |
|
84
Mondelez International
MDLZ
$82.3B
| $83M | 0.21% |
2,068,840
+1,879,718
| +994% | +$76.5M |
|
85
Oracle
ORCL
$422B
| $82.8M | 0.21% |
2,023,959
+1,905,796
| +1,613% | +$70.5M |
|
86
Trip.com Group
TCOM
$29B
| $82.4M | 0.21% |
1,861,645
-1,053,754
| -36% | -$44.1M |
|
87
Baidu
BIDU
$31.6B
| $81.8M | 0.2% |
428,769
+234,087
| +120% | +$39.8M |
|
88
Hewlett Packard
HPE
$70.8B
| $81.6M | 0.2% |
7,917,923
+4,464,035
| +129% | +$37.4M |
|
|
SNV
89
DELISTED
Synovus
SNV
| $81.3M | 0.2% |
2,813,131
+901,776
| +47% | +$25.8M |
|
90
Public Service Enterprise Group
PEG
$36.2B
| $81.2M | 0.2% |
1,722,274
+1,564,027
| +988% | +$66.4M |
|
91
Centene
CNC
$32.1B
| $80.9M | 0.2% |
2,627,810
+1,758,634
| +202% | +$52.5M |
|
|
THS
92
DELISTED
Treehouse Foods
THS
| $80.8M | 0.2% |
931,126
+361,091
| +63% | +$28.8M |
|
93
Universal Health Services
UHS
$10.4B
| $80.6M | 0.2% |
646,389
+331,744
| +105% | +$37.3M |
|
94
Advance Auto Parts
AAP
$2.57B
| $80.2M | 0.2% |
500,433
-144,011
| -22% | -$21.7M |
|
95
CALL
SPDR Gold Trust
GLD
$152B
| $79.1M | 0.2% |
672,000
+537,000
| +398% | +$60.9M |
|
96
Bank of America
BAC
$431B
| $78.2M | 0.2% |
5,785,866
+2,040,892
| +54% | +$27.5M |
|
97
Procter & Gamble
PG
$336B
| $77.9M | 0.19% |
+946,244
| New | +$76.2M |
|
|
PNRA
98
DELISTED
Panera Bread Co
PNRA
| $77.7M | 0.19% |
379,158
+59,323
| +19% | +$11.8M |
|
|
ZAYO
99
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $77.2M | 0.19% |
3,184,393
+1,280,632
| +67% | +$31.2M |
|
|
EMC
100
DELISTED
EMC CORPORATION
EMC
| $77.1M | 0.19% |
2,892,166
+433,538
| +18% | +$11M |
|
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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.