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 | |
|---|---|---|---|---|---|---|
|
BKS
1076
DELISTED
Barnes & Noble
BKS
| $6.7M | 0.02% |
542,264
+511,737
| +1,676% | +$5.01M |
|
1077
Ternium
TX
$10.8B
| $6.7M | 0.02% |
372,413
-51,723
| -12% | -$722K |
|
1078
Jack Henry & Associates
JKHY
$12.1B
| $6.66M | 0.02% |
+78,701
| New | +$6.32M |
|
1079
Sasol
SSL
$7.87B
| $6.64M | 0.02% |
224,836
+137,073
| +156% | +$3.72M |
|
1080
Las Vegas Sands
LVS
$30.4B
| $6.64M | 0.02% |
+128,475
| New | +$5.88M |
|
|
SKX
1081
DELISTED
Skechers
SKX
| $6.63M | 0.02% |
+217,799
| New | +$6.55M |
|
1082
CALL
Edwards Lifesciences
EW
$52.2B
| $6.62M | 0.02% |
+225,000
| New | +$6.21M |
|
1083
PUT
Ashland
ASH
$3.38B
| $6.6M | 0.02% |
+122,640
| New | +$5.9M |
|
1084
Hanover Insurance
THG
$7.92B
| $6.59M | 0.02% |
73,064
-99,799
| -58% | -$8.24M |
|
1085
Open Text
OTEX
$5.95B
| $6.58M | 0.02% |
254,006
+31,462
| +14% | +$758K |
|
1086
CALL
International Paper
IP
$21.7B
| $6.57M | 0.02% |
+168,960
| New | +$5.88M |
|
1087
Cummins
CMI
$78.7B
| $6.56M | 0.02% |
59,693
-363,171
| -86% | -$35.1M |
|
1088
Halliburton
HAL
$28.9B
| $6.55M | 0.02% |
183,449
-1,183,575
| -87% | -$38.6M |
|
1089
TE Connectivity
TEL
$58.6B
| $6.55M | 0.02% |
105,783
-375,129
| -78% | -$21.8M |
|
1090
AMN Healthcare
AMN
$1.34B
| $6.54M | 0.02% |
194,664
-142,394
| -42% | -$4.07M |
|
|
DFS
1091
DELISTED
Discover Financial Services
DFS
| $6.54M | 0.02% |
128,504
-584,048
| -82% | -$28.1M |
|
|
ELGX
1092
DELISTED
Endologix Inc
ELGX
| $6.54M | 0.02% |
78,247
-68,942
| -47% | -$5.68M |
|
|
OA
1093
PUT
DELISTED
Orbital ATK, Inc.
OA
| $6.52M | 0.02% |
+75,000
| New | +$6.37M |
|
|
SUP
1094
DELISTED
Superior Industries International
SUP
| $6.5M | 0.02% |
294,240
+175,428
| +148% | +$3.44M |
|
1095
Hecla Mining
HL
$13.7B
| $6.5M | 0.02% |
+2,336,319
| New | +$5.28M |
|
1096
Match Group
MTCH
$9.58B
| $6.49M | 0.02% |
586,488
+91,193
| +18% | +$1.04M |
|
|
SWC
1097
DELISTED
Stillwater Mining Co
SWC
| $6.49M | 0.02% |
+609,093
| New | +$4.87M |
|
|
BWP
1098
DELISTED
Boardwalk Pipeline Partners
BWP
| $6.47M | 0.02% |
439,000
-1,264,489
| -74% | -$15.4M |
|
|
SYKE
1099
DELISTED
SYKES Enterprises Inc
SYKE
| $6.45M | 0.02% |
213,549
+135,055
| +172% | +$3.94M |
|
1100
PUT
Dover
DOV
$27.4B
| $6.43M | 0.02% |
+123,800
| New | +$6M |
|
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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.