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 |
Amazon
AMZN
|
+$278M |
| 2 |
Charter Communications
CHTR
|
+$218M |
| 3 |
Exelon
EXC
|
+$197M |
| 4 |
Halliburton
HAL
|
+$192M |
| 5 |
AET
Aetna Inc
AET
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$241M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$235M |
| 3 |
Expedia Group
EXPE
|
+$188M |
| 4 |
AT&T
T
|
+$181M |
| 5 |
WR
Westar Energy Inc
WR
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.7% |
| 2 | Energy | 10.37% |
| 3 | Financials | 9.65% |
| 4 | Technology | 8.63% |
| 5 | Industrials | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Broadcom
AVGO
$1.75T
| $101M | 0.23% |
6,474,370
+953,350
| +17% | +$14.5M |
|
77
McKesson
MCK
$100B
| $100M | 0.23% |
538,183
+259,678
| +93% | +$45.6M |
|
78
Range Resources
RRC
$9.59B
| $100M | 0.23% |
2,324,071
+2,224,071
| +2,224% | +$91.1M |
|
79
Air Products & Chemicals
APD
$67.9B
| $97.5M | 0.22% |
742,222
+670,455
| +934% | +$89.3M |
|
|
PARA
80
DELISTED
Paramount Global Class B
PARA
| $96.9M | 0.22% |
1,779,615
+75,612
| +4% | +$4.11M |
|
|
RDS.A
81
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $93.1M | 0.21% |
1,778,469
+1,345,616
| +311% | +$64.9M |
|
|
SLCA
82
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $92.5M | 0.21% |
2,683,289
-638,260
| -19% | -$17.7M |
|
83
SPDR Gold Trust
GLD
$152B
| $91.4M | 0.21% |
722,999
+634,107
| +713% | +$76.3M |
|
84
Synchrony
SYF
$25.9B
| $91.3M | 0.21% |
3,612,499
-933,159
| -21% | -$27.2M |
|
|
WWAV
85
DELISTED
The WhiteWave Foods Company
WWAV
| $91.1M | 0.21% |
1,939,917
+1,052,242
| +119% | +$45.2M |
|
|
MRO
86
DELISTED
Marathon Oil Corporation
MRO
| $91M | 0.21% |
6,064,941
-4,274,586
| -41% | -$56.5M |
|
|
DISH
87
DELISTED
DISH Network Corp.
DISH
| $89.7M | 0.21% |
1,711,701
-4,816,977
| -74% | -$235M |
|
|
SNV
88
DELISTED
Synovus
SNV
| $89.6M | 0.21% |
3,089,751
+276,620
| +10% | +$8.4M |
|
89
NVIDIA
NVDA
$5.2T
| $88.4M | 0.2% |
75,216,080
+40,755,520
| +118% | +$42M |
|
90
Black Hills Corp
BKH
$5.47B
| $87.9M | 0.2% |
1,394,745
+262,527
| +23% | +$15.8M |
|
91
Oracle
ORCL
$422B
| $87.5M | 0.2% |
2,138,087
+114,128
| +6% | +$4.56M |
|
|
KSU
92
DELISTED
Kansas City Southern
KSU
| $87M | 0.2% |
965,898
+913,473
| +1,742% | +$83.1M |
|
93
UnitedHealth
UNH
$350B
| $86.9M | 0.2% |
615,617
+252,651
| +70% | +$33.7M |
|
94
Intuit
INTU
$100B
| $85.6M | 0.2% |
767,214
-149,437
| -16% | -$15.6M |
|
|
UMPQ
95
DELISTED
Umpqua Holdings Corp
UMPQ
| $85.6M | 0.2% |
5,533,190
+1,288,711
| +30% | +$20.1M |
|
96
FedEx
FDX
$76.9B
| $85.4M | 0.2% |
562,352
+287,318
| +104% | +$46.6M |
|
97
Norfolk Southern
NSC
$78.8B
| $85.1M | 0.19% |
1,000,023
+668,148
| +201% | +$56.8M |
|
98
Baxter International
BAX
$13.6B
| $84.7M | 0.19% |
1,872,536
+1,284,213
| +218% | +$56.3M |
|
99
CSX Corp
CSX
$95.6B
| $84.6M | 0.19% |
9,728,778
+7,076,475
| +267% | +$61.6M |
|
100
Labcorp
LH
$27.3B
| $84M | 0.19% |
750,715
+551,345
| +277% | +$59.3M |
|
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Israel Englander's Q2 2016 Portfolio in Review
As of Q2 2016, Israel Englander held 3,988 positions worth $43.7B, up 9.2% from $40B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $1.99B of net new capital in Q2 2016, opening 776 new positions and adding to 1,172 existing holdings. Its largest new stake was Amazon: 8,232,420 shares worth $295M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Yahoo Inc, an estimated $241M trimmed.
- Israel Englander's largest Q2 2016 buy was Amazon: 8,232,420 shares worth $295M.
- Israel Englander added most to Charter Communications in Q2 2016, an estimated $218M increase.
- Israel Englander's biggest Q2 2016 reduction was Yahoo Inc, cutting an estimated $241M.
- Israel Englander fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $108M.
- Israel Englander's ten largest holdings make up 11% of its $43.7B portfolio in Q2 2016.
- Israel Englander opened 776 new positions and closed 860 in Q2 2016.
- Israel Englander's portfolio value rose 9.2% quarter-over-quarter to $43.7B.
Based on Millennium Management's 13F filing for Q2 2016, filed 15 Aug 2016.