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 | |
|---|---|---|---|---|---|---|
1026
CALL
Edwards Lifesciences
EW
$52.4B
| $8.44M | 0.01% |
210,000
-300,000
| -59% | -$11.3M |
|
1027
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $8.43M | 0.01% |
343,106
| – | – |
|
1028
Plexus
PLXS
$6.42B
| $8.42M | 0.01% |
180,023
+51,037
| +40% | +$2.34M |
|
|
CYNO
1029
DELISTED
Cynosure, Inc. Class A
CYNO
| $8.41M | 0.01% |
165,016
+60,365
| +58% | +$3.13M |
|
|
EOCC
1030
DELISTED
Enel Generacion Chile S.A.
EOCC
| $8.4M | 0.01% |
423,220
+56,362
| +15% | +$1.38M |
|
|
AERI
1031
DELISTED
Aerie Pharmaceuticals
AERI
| $8.36M | 0.01% |
+221,458
| New | +$4.88M |
|
1032
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.1B
| $8.33M | 0.01% |
166,383
+133,853
| +411% | +$6.74M |
|
1033
Ambev
ABEV
$45.2B
| $8.33M | 0.01% |
1,367,963
-3,354,732
| -71% | -$20.1M |
|
1034
Lexicon Pharmaceuticals
LXRX
$1.04B
| $8.31M | 0.01% |
459,950
+12,751
| +3% | +$205K |
|
|
VVC
1035
DELISTED
Vectren Corporation
VVC
| $8.31M | 0.01% |
165,485
+30,301
| +22% | +$1.54M |
|
|
IOC
1036
DELISTED
Interoil Corporation
IOC
| $8.3M | 0.01% |
163,020
-872,184
| -84% | -$42.8M |
|
|
PTR
1037
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $8.23M | 0.01% |
123,266
+22,154
| +22% | +$1.49M |
|
1038
MSC Industrial Direct
MSM
$6.61B
| $8.23M | 0.01% |
112,053
-65,149
| -37% | -$4.73M |
|
|
MITL
1039
DELISTED
Mitel Networks Corporation
MITL
| $8.21M | 0.01% |
1,114,893
+714,284
| +178% | +$5.25M |
|
1040
Euronet Worldwide
EEFT
$2.66B
| $8.19M | 0.01% |
100,022
-101,342
| -50% | -$7.76M |
|
|
RPT
1041
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $8.18M | 0.01% |
436,538
+243,893
| +127% | +$4.7M |
|
1042
CALL
Wabtec
WAB
$50.2B
| $8.16M | 0.01% |
+100,000
| New | +$7.34M |
|
1043
Quad
QUAD
$526M
| $8.14M | 0.01% |
304,669
+134,228
| +79% | +$3.56M |
|
|
XLRN
1044
DELISTED
Acceleron Pharma
XLRN
| $8.12M | 0.01% |
224,314
+194,314
| +648% | +$6.44M |
|
1045
Darden Restaurants
DRI
$25B
| $8.11M | 0.01% |
132,240
-353,789
| -73% | -$21.9M |
|
|
SCMP
1046
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
| $8.1M | 0.01% |
657,680
+231,153
| +54% | +$2.72M |
|
|
CXP
1047
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $8.08M | 0.01% |
361,037
-547,403
| -60% | -$12.8M |
|
|
GOLD
1048
DELISTED
Randgold Resources Ltd
GOLD
| $8.08M | 0.01% |
+80,776
| New | +$8.76M |
|
1049
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.1B
| $8.08M | 0.01% |
151,864
+74,149
| +95% | +$4.04M |
|
1050
Agree Realty
ADC
$9.24B
| $8.07M | 0.01% |
163,212
-173,549
| -52% | -$8.46M |
|
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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.