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 | |
|---|---|---|---|---|---|---|
1051
KBR
KBR
$4.75B
| $8M | 0.02% |
472,651
-909,262
| -66% | -$16.7M |
|
|
WEB
1052
DELISTED
Web.com Group, Inc.
WEB
| $7.98M | 0.02% |
398,768
+90,336
| +29% | +$2.08M |
|
1053
Deluxe
DLX
$1.1B
| $7.97M | 0.02% |
146,101
-142,031
| -49% | -$8.2M |
|
|
ELNK
1054
DELISTED
EarthLink Holdings Corp.
ELNK
| $7.96M | 0.02% |
1,071,634
+208,579
| +24% | +$1.75M |
|
1055
Progress Software
PRGS
$1.78B
| $7.95M | 0.02% |
331,399
+189,720
| +134% | +$4.53M |
|
|
VG
1056
DELISTED
Vonage Holdings Corporation
VG
| $7.95M | 0.02% |
1,385,241
+37,747
| +3% | +$234K |
|
1057
CALL
Alkermes
ALKS
$8.2B
| $7.94M | 0.02% |
+100,000
| New | +$7M |
|
1058
CNA Financial
CNA
$13.4B
| $7.94M | 0.02% |
225,790
+176,044
| +354% | +$6.3M |
|
|
JNS
1059
DELISTED
Janus Capital Group Inc
JNS
| $7.92M | 0.02% |
561,757
-493,037
| -47% | -$7.34M |
|
1060
Genworth Financial
GNW
$3.74B
| $7.89M | 0.02% |
2,114,527
+2,104,026
| +20,036% | +$9.74M |
|
|
TTPH
1061
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $7.86M | 0.02% |
39,189
+26,875
| +218% | +$5.36M |
|
1062
Hanmi Financial
HAFC
$926M
| $7.86M | 0.02% |
331,252
-30,934
| -9% | -$792K |
|
1063
Thor Industries
THO
$4.13B
| $7.83M | 0.02% |
139,543
+13,065
| +10% | +$726K |
|
1064
CALL
United Therapeutics
UTHR
$22B
| $7.83M | 0.02% |
+50,000
| New | +$7.28M |
|
|
BXLT
1065
CALL
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $7.81M | 0.02% |
+200,000
| New | +$6.97M |
|
1066
Enerpac Tool Group
EPAC
$1.9B
| $7.8M | 0.02% |
+325,562
| New | +$7.48M |
|
|
CBM
1067
DELISTED
Cambrex Corporation
CBM
| $7.79M | 0.02% |
165,453
+34,003
| +26% | +$1.63M |
|
|
SYT
1068
DELISTED
Syngenta Ag
SYT
| $7.78M | 0.02% |
98,830
+59,752
| +153% | +$4.27M |
|
|
SLCA
1069
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $7.77M | 0.02% |
414,900
| – | – |
|
|
POT
1070
DELISTED
Potash Corp Of Saskatchewan
POT
| $7.77M | 0.02% |
453,846
+193,730
| +74% | +$3.85M |
|
1071
CoreCivic
CXW
$3.35B
| $7.77M | 0.02% |
293,275
-51,974
| -15% | -$1.42M |
|
1072
ICICI Bank
IBN
$106B
| $7.76M | 0.02% |
1,090,637
-488,250
| -31% | -$3.68M |
|
|
WPG
1073
DELISTED
Washington Prime Group Inc.
WPG
| $7.74M | 0.02% |
81,054
+21,808
| +37% | +$2.21M |
|
|
LOCK
1074
DELISTED
LifeLock, Inc.
LOCK
| $7.72M | 0.02% |
+537,780
| New | +$6.91M |
|
1075
ESCO Technologies
ESE
$7.14B
| $7.71M | 0.02% |
213,435
+201,395
| +1,673% | +$7.55M |
|
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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.