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 | |
|---|---|---|---|---|---|---|
76
Synchrony
SYF
$25.9B
| $115M | 0.19% |
4,112,267
+499,768
| +14% | +$13.7M |
|
|
RAI
77
DELISTED
Reynolds American Inc
RAI
| $115M | 0.19% |
2,435,353
+1,806,248
| +287% | +$90.6M |
|
78
Waste Management
WM
$89.6B
| $114M | 0.19% |
1,786,131
+1,344,816
| +305% | +$87.9M |
|
79
Bristol-Myers Squibb
BMY
$137B
| $113M | 0.19% |
2,096,692
+1,920,595
| +1,091% | +$123M |
|
80
Axalta
AXTA
$7.75B
| $113M | 0.19% |
3,992,967
+1,646,231
| +70% | +$46.1M |
|
81
PepsiCo
PEP
$196B
| $112M | 0.19% |
1,033,966
-1,210,190
| -54% | -$130M |
|
82
CVS Health
CVS
$119B
| $110M | 0.19% |
1,239,488
+85,619
| +7% | +$8.08M |
|
83
Targa Resources
TRGP
$64.1B
| $109M | 0.18% |
2,216,266
+1,350,240
| +156% | +$58.6M |
|
84
Edwards Lifesciences
EW
$51.8B
| $107M | 0.18% |
2,670,057
-873,300
| -25% | -$32.9M |
|
85
Sempra
SRE
$54.2B
| $107M | 0.18% |
2,000,048
-1,096,272
| -35% | -$59.7M |
|
|
SNV
86
DELISTED
Synovus
SNV
| $106M | 0.18% |
3,259,663
+169,912
| +5% | +$5.34M |
|
87
CSX Corp
CSX
$95.6B
| $106M | 0.18% |
10,419,786
+691,008
| +7% | +$6.53M |
|
|
SLCA
88
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $104M | 0.17% |
2,238,274
-445,015
| -17% | -$17.3M |
|
|
89
Exelon
EXC
$45.1B
| $104M | 0.17% |
4,373,554
-5,966,225
| -58% | -$150M |
|
90
Olin
OLN
$2.1B
| $104M | 0.17% |
5,047,092
+697,328
| +16% | +$15M |
|
91
Zions Bancorporation
ZION
$9.95B
| $102M | 0.17% |
3,303,379
-1,841,379
| -36% | -$52.3M |
|
92
Post Holdings
POST
$3.65B
| $101M | 0.17% |
2,001,295
+597,641
| +43% | +$32.8M |
|
93
Seagate
STX
$193B
| $100M | 0.17% |
+2,603,107
| New | +$84.5M |
|
|
SEMG
94
DELISTED
SEMGROUP CORPORATION
SEMG
| $98.9M | 0.17% |
2,796,406
+891,685
| +47% | +$28.3M |
|
|
WR
95
DELISTED
Westar Energy Inc
WR
| $98.6M | 0.17% |
1,736,970
+1,724,414
| +13,734% | +$95.4M |
|
|
WOOF
96
DELISTED
VCA Inc.
WOOF
| $98M | 0.16% |
1,400,178
+1,323,513
| +1,726% | +$92.5M |
|
|
SHPG
97
DELISTED
Shire pic
SHPG
| $96.7M | 0.16% |
498,928
+201,863
| +68% | +$39.4M |
|
|
OA
98
DELISTED
Orbital ATK, Inc.
OA
| $96.6M | 0.16% |
1,266,633
+773,392
| +157% | +$61.6M |
|
99
Vulcan Materials
VMC
$35.8B
| $96.5M | 0.16% |
848,524
+390,966
| +85% | +$46.1M |
|
100
Johnson Controls International
JCI
$86.7B
| $96.4M | 0.16% |
2,071,969
+1,225,180
| +145% | +$56.8M |
|
Similar funds
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.