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 | |
|---|---|---|---|---|---|---|
|
NPKI
1001
NPK International
NPKI
$1.12B
| $8.85M | 0.01% |
1,202,683
-788,742
| -40% | -$5.21M |
|
1002
Atlassian
TEAM
$42.2B
| $8.83M | 0.01% |
+294,551
| New | +$8.62M |
|
|
FRAN
1003
DELISTED
Francesca's Holdings Corporation
FRAN
| $8.82M | 0.01% |
47,643
+17,966
| +61% | +$2.94M |
|
1004
Wynn Resorts
WYNN
$10.2B
| $8.79M | 0.01% |
+90,175
| New | +$8.8M |
|
|
CRR
1005
DELISTED
Carbo Ceramics Inc.
CRR
| $8.78M | 0.01% |
802,849
-296,344
| -27% | -$3.81M |
|
|
TCF
1006
DELISTED
TCF Financial Corporation
TCF
| $8.78M | 0.01% |
604,984
-216,901
| -26% | -$3M |
|
|
WSTC
1007
DELISTED
West Corporation
WSTC
| $8.76M | 0.01% |
396,896
-37,185
| -9% | -$832K |
|
|
ENIA
1008
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $8.75M | 0.01% |
1,068,819
-776,551
| -42% | -$6.67M |
|
1009
iShares Core US Aggregate Bond ETF
AGG
$139B
| $8.72M | 0.01% |
77,601
+60,601
| +356% | +$6.81M |
|
|
THS
1010
PUT
DELISTED
Treehouse Foods
THS
| $8.72M | 0.01% |
+100,000
| New | +$9.61M |
|
1011
Magna International
MGA
$17.9B
| $8.71M | 0.01% |
202,774
-68,952
| -25% | -$2.72M |
|
1012
Cohen & Steers
CNS
$4.28B
| $8.7M | 0.01% |
203,534
+112,493
| +124% | +$4.76M |
|
|
PNY
1013
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $8.69M | 0.01% |
144,662
+56,408
| +64% | +$3.38M |
|
1014
TTM Technologies
TTMI
$11.8B
| $8.68M | 0.01% |
757,650
+639,204
| +540% | +$6.32M |
|
1015
iShares MSCI Turkey ETF
TUR
$222M
| $8.67M | 0.01% |
+228,898
| New | +$8.85M |
|
1016
PUT
Leidos
LDOS
$17B
| $8.66M | 0.01% |
+200,000
| New | +$9.08M |
|
1017
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $8.65M | 0.01% |
73,838
+63,062
| +585% | +$7.35M |
|
1018
Arch Capital
ACGL
$34.4B
| $8.65M | 0.01% |
327,441
+275,913
| +535% | +$7.02M |
|
1019
CALL
Arista Networks
ANET
$237B
| $8.51M | 0.01% |
+1,600,000
| New | +$7.62M |
|
1020
Karyopharm Therapeutics
KPTI
$43.5M
| $8.48M | 0.01% |
58,124
+10,517
| +22% | +$1.26M |
|
1021
Fastenal
FAST
$58.1B
| $8.48M | 0.01% |
+811,864
| New | +$8.64M |
|
|
MEG
1022
DELISTED
Media General, Inc
MEG
| $8.48M | 0.01% |
+459,974
| New | +$8.15M |
|
1023
Transocean
RIG
$6.4B
| $8.47M | 0.01% |
794,412
-280,381
| -26% | -$2.96M |
|
|
BNCL
1024
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $8.46M | 0.01% |
575,233
+79,770
| +16% | +$1.13M |
|
|
BATS
1025
DELISTED
Bats Global Markets, Inc.
BATS
| $8.44M | 0.01% |
280,135
+62,537
| +29% | +$1.61M |
|
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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.