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 | |
|---|---|---|---|---|---|---|
|
RRD
976
DELISTED
RR Donnelley & Sons Co.
RRD
| $9.13M | 0.02% |
+193,671
| New | +$9.95M |
|
977
Booz Allen Hamilton
BAH
$8.96B
| $9.13M | 0.02% |
288,788
-304,295
| -51% | -$9.29M |
|
|
B
978
DELISTED
Barnes Group Inc.
B
| $9.12M | 0.02% |
224,825
+69,660
| +45% | +$2.71M |
|
979
Owens Corning
OC
$11.5B
| $9.11M | 0.02% |
170,547
-963,256
| -85% | -$51.7M |
|
|
PDS
980
Precision Drilling
PDS
$1.12B
| $9.1M | 0.02% |
+108,881
| New | +$9.56M |
|
981
Autohome
ATHM
$2.5B
| $9.07M | 0.02% |
373,986
+352,357
| +1,629% | +$8.19M |
|
|
ICPT
982
PUT
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $9.07M | 0.02% |
55,100
-24,900
| -31% | -$3.93M |
|
983
Evertec
EVTC
$1.78B
| $9.05M | 0.02% |
539,136
+180,786
| +50% | +$3.02M |
|
984
CALL
SM Energy
SM
$8.56B
| $9.05M | 0.02% |
234,500
| – | – |
|
|
BBBY
985
DELISTED
Bed Bath & Beyond Inc
BBBY
| $9.04M | 0.02% |
209,673
+88,867
| +74% | +$3.95M |
|
|
MDC
986
DELISTED
M.D.C. Holdings, Inc.
MDC
| $9.04M | 0.02% |
486,482
-388,695
| -44% | -$7.22M |
|
987
AtriCure
ATRC
$2.49B
| $9.03M | 0.02% |
570,696
-333,234
| -37% | -$5.12M |
|
|
UGLD
988
DELISTED
VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
| $9.03M | 0.02% |
69,648
+10,529
| +18% | +$1.44M |
|
989
Clean Energy Fuels
CLNE
$353M
| $9.01M | 0.02% |
2,016,184
-214,864
| -10% | -$820K |
|
990
National Fuel Gas
NFG
$7.8B
| $9M | 0.02% |
166,510
+65,486
| +65% | +$3.7M |
|
|
FLTX
991
DELISTED
Fleetmatics Group PLC
FLTX
| $9M | 0.02% |
150,001
+119,100
| +385% | +$6.51M |
|
992
ATI
ATI
$29.2B
| $8.94M | 0.02% |
494,902
-528,035
| -52% | -$8.75M |
|
993
PUT
APA Corp
APA
$14.6B
| $8.94M | 0.02% |
140,000
-141,700
| -50% | -$7.74M |
|
|
KITE
994
CALL
DELISTED
Kite Pharma, Inc.
KITE
| $8.94M | 0.02% |
+160,000
| New | +$8.91M |
|
|
BRCD
995
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $8.91M | 0.01% |
+965,436
| New | +$9M |
|
996
Anika Therapeutics
ANIK
$289M
| $8.89M | 0.01% |
185,788
+148,166
| +394% | +$7.32M |
|
997
CALL
LyondellBasell Industries
LYB
$20.4B
| $8.87M | 0.01% |
110,000
-40,000
| -27% | -$3.09M |
|
|
DGI
998
DELISTED
DigitalGlobe Inc.
DGI
| $8.87M | 0.01% |
322,505
-72,931
| -18% | -$1.87M |
|
999
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| $8.86M | 0.01% |
+40,948
| New | +$8.85M |
|
|
SIR
1000
DELISTED
SELECT INCOME REIT
SIR
| $8.85M | 0.01% |
748,814
+487,924
| +187% | +$5.8M |
|
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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.