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 | |
|---|---|---|---|---|---|---|
1051
Prestige Consumer Healthcare
PBH
$2.46B
| $6.97M | 0.02% |
130,580
-18,646
| -12% | -$918K |
|
1052
PUT
General Mills
GIS
$21.9B
| $6.97M | 0.02% |
+110,000
| New | +$6.39M |
|
1053
Employers Holdings
EIG
$883M
| $6.95M | 0.02% |
247,041
-56,984
| -19% | -$1.49M |
|
|
WNR
1054
DELISTED
Western Refining Inc
WNR
| $6.95M | 0.02% |
238,959
-962,401
| -80% | -$29M |
|
1055
Ericsson
ERIC
$33.3B
| $6.92M | 0.02% |
+690,078
| New | +$6.36M |
|
|
PGRE
1056
DELISTED
Paramount Group
PGRE
| $6.92M | 0.02% |
433,893
-311,265
| -42% | -$4.97M |
|
1057
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $6.91M | 0.02% |
174,790
-401,430
| -70% | -$15M |
|
1058
ProShares Ultra Silver
AGQ
$1.64B
| $6.91M | 0.02% |
210,427
+69,542
| +49% | +$2.16M |
|
1059
Viavi Solutions
VIAV
$9.12B
| $6.89M | 0.02% |
1,005,057
+381,993
| +61% | +$2.3M |
|
1060
Usana Health Sciences
USNA
$251M
| $6.88M | 0.02% |
113,370
-12,562
| -10% | -$740K |
|
1061
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $6.88M | 0.02% |
124,081
+22,624
| +22% | +$1.17M |
|
1062
Haemonetics
HAE
$4.93B
| $6.87M | 0.02% |
196,356
+95,631
| +95% | +$3.09M |
|
|
WCN
1063
Waste Connections
WCN
$42.5B
| $6.84M | 0.02% |
158,942
+102,471
| +181% | +$4.13M |
|
1064
Waste Management
WM
$90.5B
| $6.84M | 0.02% |
115,942
-650,367
| -85% | -$35.9M |
|
1065
Cincinnati Financial
CINF
$26.3B
| $6.84M | 0.02% |
104,633
-76,698
| -42% | -$4.67M |
|
|
RHT
1066
DELISTED
Red Hat Inc
RHT
| $6.83M | 0.02% |
91,734
-54,897
| -37% | -$3.87M |
|
1067
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $6.81M | 0.02% |
61,721
+27,505
| +80% | +$3M |
|
1068
M/I Homes
MHO
$3.84B
| $6.79M | 0.02% |
364,138
+317,627
| +683% | +$5.71M |
|
1069
Idexx Laboratories
IDXX
$44.1B
| $6.79M | 0.02% |
+86,659
| New | +$6.24M |
|
1070
RPM International
RPM
$13.6B
| $6.79M | 0.02% |
143,395
-209,271
| -59% | -$8.67M |
|
|
ISLE
1071
DELISTED
Isle of Capri Casinos Inc
ISLE
| $6.78M | 0.02% |
484,589
-127,699
| -21% | -$1.57M |
|
1072
Unisys
UIS
$192M
| $6.78M | 0.02% |
880,771
+705,637
| +403% | +$6.72M |
|
|
AMJ
1073
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $6.75M | 0.02% |
+249,162
| New | +$6.28M |
|
1074
Chemours
CC
$2.32B
| $6.74M | 0.02% |
962,934
-1,653,931
| -63% | -$8.31M |
|
1075
NVR
NVR
$17B
| $6.73M | 0.02% |
3,883
+2,411
| +164% | +$3.9M |
|
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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.