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 | |
|---|---|---|---|---|---|---|
1151
Mueller Water Products
MWA
$3.93B
| $6.82M | 0.01% |
793,449
-390,369
| -33% | -$3.41M |
|
1152
First Busey Corp
BUSE
$2.5B
| $6.82M | 0.01% |
330,424
+266,212
| +415% | +$5.59M |
|
|
FLY
1153
DELISTED
Fly Leasing Limited
FLY
| $6.81M | 0.01% |
499,124
-106,495
| -18% | -$1.42M |
|
1154
Commault Systems
CVLT
$5.43B
| $6.8M | 0.01% |
172,836
-459,656
| -73% | -$18M |
|
1155
Invesco QQQ Trust
QQQ
$483B
| $6.79M | 0.01% |
60,717
-57,453
| -49% | -$6.41M |
|
|
VGR
1156
DELISTED
Vector Group Ltd.
VGR
| $6.79M | 0.01% |
493,305
-983,379
| -67% | -$13.8M |
|
1157
Carpenter Technology
CRS
$23.6B
| $6.78M | 0.01% |
224,087
-125,641
| -36% | -$4.15M |
|
1158
MBIA
MBI
$250M
| $6.78M | 0.01% |
1,046,142
+1,016,866
| +3,473% | +$6.9M |
|
1159
Littelfuse
LFUS
$10.2B
| $6.78M | 0.01% |
+63,329
| New | +$6.52M |
|
1160
CNO Financial Group
CNO
$5.02B
| $6.77M | 0.01% |
354,760
+316,422
| +825% | +$6.15M |
|
1161
CALL
Eastman Chemical
EMN
$8.31B
| $6.75M | 0.01% |
+100,000
| New | +$7M |
|
1162
CALL
Cheniere Energy
LNG
$58B
| $6.75M | 0.01% |
181,200
| – | – |
|
1163
PUT
CarMax
KMX
$8.91B
| $6.75M | 0.01% |
+125,000
| New | +$7.14M |
|
|
ITCI
1164
PUT
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $6.72M | 0.01% |
+125,000
| New | +$6.31M |
|
1165
Standard Motor Products
SMP
$838M
| $6.72M | 0.01% |
176,546
+107,776
| +157% | +$4.29M |
|
1166
Stewart Information Services
STC
$2.13B
| $6.71M | 0.01% |
179,858
+144,669
| +411% | +$5.91M |
|
1167
Match Group
MTCH
$9.58B
| $6.71M | 0.01% |
+495,295
| New | +$6.93M |
|
1168
Lesaka Technologies
LSAK
$392M
| $6.69M | 0.01% |
495,084
+167,662
| +51% | +$2.63M |
|
1169
Royal Bank of Canada
RY
$284B
| $6.67M | 0.01% |
124,557
-522,098
| -81% | -$29.3M |
|
1170
Natera
NTRA
$47.2B
| $6.67M | 0.01% |
617,312
+591,376
| +2,280% | +$5.63M |
|
|
PX
1171
CALL
DELISTED
Praxair Inc
PX
| $6.66M | 0.01% |
+65,000
| New | +$7.09M |
|
1172
MDU Resources
MDU
$4.2B
| $6.63M | 0.01% |
+951,832
| New | +$6.59M |
|
1173
Standard BioTools
LAB
$263M
| $6.61M | 0.01% |
611,048
-21,527
| -3% | -$211K |
|
|
CBF
1174
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $6.61M | 0.01% |
+206,526
| New | +$6.71M |
|
1175
BancFirst
BANF
$3.78B
| $6.59M | 0.01% |
224,754
+8,534
| +4% | +$265K |
|
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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.