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 | |
|---|---|---|---|---|---|---|
|
BEL
1076
DELISTED
Belmond Ltd.
BEL
| $7.71M | 0.02% |
811,852
+598,736
| +281% | +$6.04M |
|
1077
Lazard
LAZ
$4.29B
| $7.69M | 0.02% |
170,900
+82,472
| +93% | +$3.78M |
|
1078
Prestige Consumer Healthcare
PBH
$2.46B
| $7.68M | 0.02% |
149,226
-1,402
| -0.9% | -$69.7K |
|
|
SE
1079
DELISTED
Spectra Energy Corp Wi
SE
| $7.67M | 0.02% |
320,332
-76,506
| -19% | -$2.03M |
|
1080
Teradyne
TER
$57B
| $7.66M | 0.02% |
370,326
-281,900
| -43% | -$5.61M |
|
1081
Nelnet
NNI
$4.57B
| $7.63M | 0.02% |
227,205
-390,861
| -63% | -$13.1M |
|
1082
PUT
Bausch Health
BHC
$2.5B
| $7.62M | 0.02% |
+75,000
| New | +$8.43M |
|
|
SCTY
1083
DELISTED
SolarCity Corporation
SCTY
| $7.62M | 0.02% |
+149,394
| New | +$5.8M |
|
|
CJES
1084
DELISTED
C&J ENERGY SVCS LTD
CJES
| $7.62M | 0.02% |
+1,600,965
| New | +$7.99M |
|
1085
WaFd
WAFD
$2.69B
| $7.61M | 0.02% |
319,135
+166,531
| +109% | +$4.1M |
|
1086
PUT
Copart
CPRT
$30.8B
| $7.6M | 0.02% |
+1,600,000
| New | +$7.39M |
|
1087
ProQR Therapeutics
PRQR
$343M
| $7.59M | 0.02% |
874,744
+73,251
| +9% | +$842K |
|
1088
BorgWarner
BWA
$13.1B
| $7.57M | 0.02% |
198,975
+186,479
| +1,492% | +$7M |
|
1089
iShares 20+ Year Treasury Bond ETF
TLT
$46.6B
| $7.57M | 0.02% |
62,749
-7,048
| -10% | -$859K |
|
1090
Madison Square Garden
MSGS
$9.69B
| $7.55M | 0.02% |
+65,382
| New | +$7.87M |
|
1091
CALL
United States Oil Fund
USO
$2.07B
| $7.52M | 0.02% |
+85,500
| New | +$9.11M |
|
|
DYAX
1092
PUT
DELISTED
DYAX CORPORATION
DYAX
| $7.52M | 0.02% |
+200,000
| New | +$6.43M |
|
|
DVAX
1093
CALL
DELISTED
Dynavax Technologies
DVAX
| $7.5M | 0.02% |
+310,400
| New | +$7.78M |
|
|
WAGE
1094
DELISTED
WageWorks, Inc.
WAGE
| $7.47M | 0.02% |
164,624
+6,019
| +4% | +$270K |
|
|
WNS
1095
DELISTED
WNS Holdings
WNS
| $7.43M | 0.02% |
238,181
+114,700
| +93% | +$3.59M |
|
1096
CALL
PPG Industries
PPG
$25.2B
| $7.41M | 0.02% |
75,000
-25,000
| -25% | -$2.53M |
|
1097
Vanguard Morningstar Total Stock Market ETF
VTI
$683B
| $7.41M | 0.02% |
71,038
+8,586
| +14% | +$904K |
|
1098
TIM SA
TIMB
$8.69B
| $7.4M | 0.02% |
872,715
-699,435
| -44% | -$7.01M |
|
|
KKD
1099
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $7.4M | 0.02% |
491,101
+392,050
| +396% | +$5.57M |
|
|
PBY
1100
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $7.4M | 0.02% |
401,875
-446,882
| -53% | -$6.67M |
|
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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.