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 | |
|---|---|---|---|---|---|---|
|
TPC
1051
Tutor Perini Cor
TPC
$4.59B
| $8.02M | 0.01% |
+373,634
| New | +$8.71M |
|
1052
Mondelez International
MDLZ
$80.4B
| $8.01M | 0.01% |
182,457
-1,412,264
| -89% | -$62M |
|
1053
Macerich
MAC
$6.88B
| $7.95M | 0.01% |
98,312
+60,920
| +163% | +$5.15M |
|
1054
A.O. Smith
AOS
$8.45B
| $7.93M | 0.01% |
160,624
-93,806
| -37% | -$4.38M |
|
1055
Align Technology
ALGN
$11.3B
| $7.9M | 0.01% |
84,272
-336,349
| -80% | -$30.4M |
|
1056
PUT
First Solar
FSLR
$22.2B
| $7.9M | 0.01% |
+200,000
| New | +$8.28M |
|
|
NPTN
1057
DELISTED
NEOPHOTONICS CORP
NPTN
| $7.85M | 0.01% |
480,618
-37,640
| -7% | -$530K |
|
1058
West Pharmaceutical
WST
$24.5B
| $7.84M | 0.01% |
105,302
-15,305
| -13% | -$1.22M |
|
1059
Stewart Information Services
STC
$2.12B
| $7.84M | 0.01% |
+176,290
| New | +$7.91M |
|
|
CNR
1060
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $7.83M | 0.01% |
536,362
+123,489
| +30% | +$1.99M |
|
|
FNGN
1061
DELISTED
Financial Engines, Inc.
FNGN
| $7.79M | 0.01% |
262,181
+138,241
| +112% | +$4.02M |
|
|
AAMI
1062
Acadian Asset Management
AAMI
$3.32B
| $7.77M | 0.01% |
558,676
+317,805
| +132% | +$4.31M |
|
1063
Etsy
ETSY
$7.75B
| $7.76M | 0.01% |
543,644
+318,934
| +142% | +$4.04M |
|
1064
Accuray
ARAY
$31.8M
| $7.76M | 0.01% |
1,218,495
+472,691
| +63% | +$2.58M |
|
1065
Supernus Pharmaceuticals
SUPN
$2.64B
| $7.75M | 0.01% |
313,358
-234,231
| -43% | -$5.3M |
|
1066
TripAdvisor
TRIP
$1.18B
| $7.74M | 0.01% |
+122,566
| New | +$7.88M |
|
1067
Federated Hermes
FHI
$4.88B
| $7.73M | 0.01% |
260,795
-288,215
| -52% | -$9.03M |
|
1068
Rigel Pharmaceuticals
RIGL
$873M
| $7.72M | 0.01% |
210,269
-26,143
| -11% | -$749K |
|
1069
Usana Health Sciences
USNA
$255M
| $7.71M | 0.01% |
111,460
-2,300
| -2% | -$152K |
|
1070
Apogee Enterprises
APOG
$861M
| $7.7M | 0.01% |
172,359
-267,663
| -61% | -$12.5M |
|
1071
Choice Hotels
CHH
$4.96B
| $7.69M | 0.01% |
170,668
-36,043
| -17% | -$1.73M |
|
1072
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.72B
| $7.69M | 0.01% |
+50,000
| New | +$7.17M |
|
|
DCH
1073
Dauch Corp
DCH
$1.53B
| $7.65M | 0.01% |
444,188
+269,512
| +154% | +$4.53M |
|
|
FRGI
1074
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $7.65M | 0.01% |
318,697
-89,006
| -22% | -$2.15M |
|
1075
Signet Jewelers
SIG
$3.29B
| $7.65M | 0.01% |
+102,602
| New | +$8.68M |
|
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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.