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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SHOR
1026
DELISTED
ShoreTel, Inc.
SHOR
| $8.41M | 0.02% |
950,314
+216,122
| +29% | +$2.01M |
|
|
CMRX
1027
DELISTED
Chimerix, Inc.
CMRX
| $8.4M | 0.02% |
938,953
+652,201
| +227% | +$23.5M |
|
1028
Murphy USA
MUSA
$10.4B
| $8.35M | 0.02% |
137,487
+97,525
| +244% | +$5.83M |
|
1029
Energizer
ENR
$1.47B
| $8.31M | 0.02% |
243,965
+125,991
| +107% | +$4.81M |
|
1030
Employers Holdings
EIG
$883M
| $8.3M | 0.02% |
304,025
+19,855
| +7% | +$512K |
|
1031
Reliance Steel & Aluminium
RS
$19.5B
| $8.29M | 0.02% |
143,230
-131,200
| -48% | -$7.62M |
|
1032
LiveRamp
RAMP
$2.29B
| $8.28M | 0.02% |
395,655
-190,035
| -32% | -$4.15M |
|
|
RDUS
1033
DELISTED
Radius Health, Inc.
RDUS
| $8.22M | 0.02% |
133,613
-787,250
| -85% | -$49.7M |
|
|
SIX
1034
DELISTED
Six Flags Entertainment Corp.
SIX
| $8.22M | 0.02% |
149,642
-21,529
| -13% | -$1.11M |
|
1035
Keysight
KEYS
$52.9B
| $8.21M | 0.02% |
289,611
-219,951
| -43% | -$6.76M |
|
1036
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $8.2M | 0.02% |
239,749
-10,371
| -4% | -$369K |
|
|
PTLA
1037
PUT
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $8.19M | 0.02% |
159,100
+9,100
| +6% | +$441K |
|
|
CHMT
1038
DELISTED
Chemtura Corporation
CHMT
| $8.17M | 0.02% |
+299,700
| New | +$8.92M |
|
1039
Repligen
RGEN
$10.2B
| $8.14M | 0.02% |
287,689
-81,895
| -22% | -$2.36M |
|
1040
Host Hotels & Resorts
HST
$15.9B
| $8.12M | 0.02% |
529,566
-348,248
| -40% | -$5.79M |
|
1041
Mastercard
MA
$525B
| $8.12M | 0.02% |
+83,433
| New | +$8.17M |
|
1042
CALL
PBF Energy
PBF
$8.24B
| $8.11M | 0.02% |
220,400
| – | – |
|
|
NGHC
1043
DELISTED
National General Holdings Corp
NGHC
| $8.1M | 0.02% |
370,674
-449,636
| -55% | -$9.39M |
|
|
WBMD
1044
DELISTED
WebMD Health Corp.
WBMD
| $8.09M | 0.02% |
167,526
-105,241
| -39% | -$4.69M |
|
1045
Wynn Resorts
WYNN
$10.2B
| $8.07M | 0.02% |
116,634
-330,712
| -74% | -$22.1M |
|
1046
Usana Health Sciences
USNA
$251M
| $8.04M | 0.02% |
125,932
-49,352
| -28% | -$3.2M |
|
1047
Cathay General Bancorp
CATY
$4.16B
| $8.02M | 0.02% |
255,840
-158,401
| -38% | -$5.08M |
|
1048
PUT
EOG Resources
EOG
$78.8B
| $8.01M | 0.02% |
+113,200
| New | +$9.19M |
|
1049
Macy's
M
$6.1B
| $8.01M | 0.02% |
229,061
-647,275
| -74% | -$28M |
|
|
CUB
1050
DELISTED
Cubic Corporation
CUB
| $8M | 0.02% |
+169,309
| New | +$7.67M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.