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 | |
|---|---|---|---|---|---|---|
1001
Cooper-Standard Automotive
CPS
$471M
| $7.56M | 0.02% |
105,203
+62,328
| +145% | +$4.42M |
|
1002
PUT
Murphy Oil
MUR
$5.16B
| $7.56M | 0.02% |
+300,000
| New | +$6.01M |
|
1003
Post Holdings
POST
$3.73B
| $7.54M | 0.02% |
167,631
-674,291
| -80% | -$28.4M |
|
|
ESV
1004
CALL
DELISTED
Ensco Rowan plc
ESV
| $7.54M | 0.02% |
181,825
| – | – |
|
1005
Vail Resorts
MTN
$5.35B
| $7.53M | 0.02% |
+56,288
| New | +$7.05M |
|
1006
Kratos Defense & Security Solutions
KTOS
$9.96B
| $7.51M | 0.02% |
1,518,013
-899,524
| -37% | -$3.25M |
|
1007
PUT
Medtronic
MDT
$119B
| $7.5M | 0.02% |
+100,000
| New | +$7.53M |
|
|
HMSY
1008
DELISTED
HMS Holdings Corp.
HMSY
| $7.5M | 0.02% |
522,636
+480,225
| +1,132% | +$5.96M |
|
|
LNCE
1009
DELISTED
Snyders-Lance, Inc.
LNCE
| $7.49M | 0.02% |
237,799
+88,030
| +59% | +$2.82M |
|
1010
Xerox
XRX
$374M
| $7.48M | 0.02% |
+254,319
| New | +$6.56M |
|
1011
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $7.45M | 0.02% |
377,395
-111,602
| -23% | -$2.13M |
|
|
ADAP
1012
DELISTED
Adaptimmune Therapeutics
ADAP
| $7.45M | 0.02% |
916,622
+572,075
| +166% | +$4.68M |
|
1013
Caleres
CAL
$459M
| $7.45M | 0.02% |
263,176
-96,900
| -27% | -$2.58M |
|
|
SCS
1014
DELISTED
Steelcase
SCS
| $7.44M | 0.02% |
+498,656
| New | +$6.63M |
|
|
FCB
1015
DELISTED
FCB Financial Holdings, Inc.
FCB
| $7.43M | 0.02% |
223,373
+18,239
| +9% | +$581K |
|
1016
Kennametal
KMT
$2.23B
| $7.42M | 0.02% |
330,105
-316,382
| -49% | -$6.14M |
|
1017
BGC Group
BGC
$5.68B
| $7.4M | 0.02% |
1,271,351
-776,890
| -38% | -$4.46M |
|
1018
New York Times
NYT
$10.9B
| $7.4M | 0.02% |
593,844
+235,856
| +66% | +$2.99M |
|
|
BLUE
1019
DELISTED
bluebird bio
BLUE
| $7.39M | 0.02% |
13,433
+10,826
| +415% | +$6.65M |
|
|
CCRN
1020
DELISTED
Cross Country Healthcare
CCRN
| $7.3M | 0.02% |
627,826
-93,721
| -13% | -$1.19M |
|
1021
iShares China Large-Cap ETF
FXI
$4.24B
| $7.3M | 0.02% |
216,266
+179,535
| +489% | +$5.63M |
|
1022
PUT
Textron
TXT
$14.1B
| $7.29M | 0.02% |
+200,000
| New | +$7.01M |
|
1023
CALL
Sonoco
SON
$5.68B
| $7.29M | 0.02% |
150,000
+100,000
| +200% | +$4.25M |
|
1024
NRG Energy
NRG
$23.5B
| $7.27M | 0.02% |
558,490
-6,690,611
| -92% | -$76.5M |
|
|
TWX
1025
CALL
DELISTED
Time Warner Inc
TWX
| $7.25M | 0.02% |
100,000
+75,000
| +300% | +$5.16M |
|
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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.