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 | |
|---|---|---|---|---|---|---|
1151
Energy Recovery
ERII
$401M
| $6.77M | 0.01% |
423,799
-505,734
| -54% | -$6.15M |
|
|
TMHC
1152
DELISTED
Taylor Morrison
TMHC
| $6.77M | 0.01% |
384,591
-372,686
| -49% | -$6.29M |
|
1153
TIM SA
TIMB
$8.67B
| $6.75M | 0.01% |
551,588
+335,554
| +155% | +$4.14M |
|
1154
PUT
Bristol-Myers Squibb
BMY
$139B
| $6.74M | 0.01% |
+125,000
| New | +$8.03M |
|
|
FBR
1155
DELISTED
Fibria Celulose Sa
FBR
| $6.74M | 0.01% |
952,951
-1,061,260
| -53% | -$7.03M |
|
1156
Edgewell Personal Care
EPC
$1.33B
| $6.73M | 0.01% |
84,609
+24,475
| +41% | +$1.97M |
|
|
STL
1157
DELISTED
Sterling Bancorp
STL
| $6.71M | 0.01% |
+383,486
| New | +$6.52M |
|
|
IBTX
1158
DELISTED
Independent Bank Group, Inc.
IBTX
| $6.71M | 0.01% |
151,796
+116,786
| +334% | +$5.02M |
|
1159
Aon
AON
$75.3B
| $6.69M | 0.01% |
59,439
-128,464
| -68% | -$14.2M |
|
1160
Plains All American Pipeline
PAA
$17.4B
| $6.66M | 0.01% |
211,989
+193,489
| +1,046% | +$5.53M |
|
|
BGG
1161
DELISTED
Briggs & Stratton Corp.
BGG
| $6.66M | 0.01% |
357,033
+104,843
| +42% | +$2.16M |
|
1162
Regenxbio
RGNX
$588M
| $6.64M | 0.01% |
473,852
+411,059
| +655% | +$4.54M |
|
1163
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.8B
| $6.63M | 0.01% |
+100,000
| New | +$6.19M |
|
|
NYRT
1164
DELISTED
New York REIT, Inc.
NYRT
| $6.62M | 0.01% |
72,380
+51,512
| +247% | +$4.92M |
|
1165
Northwest Natural Holdings
NWN
$2.1B
| $6.62M | 0.01% |
110,144
-43,325
| -28% | -$2.71M |
|
1166
Toll Brothers
TOL
$13.9B
| $6.6M | 0.01% |
221,084
-1,028,225
| -82% | -$29.7M |
|
1167
Boston Properties
BXP
$11.5B
| $6.58M | 0.01% |
48,305
-30,026
| -38% | -$4.17M |
|
|
UNVR
1168
DELISTED
Univar Solutions Inc.
UNVR
| $6.58M | 0.01% |
301,084
-562,318
| -65% | -$11M |
|
|
GNMK
1169
DELISTED
GenMark Diagnostics, Inc
GNMK
| $6.57M | 0.01% |
+556,938
| New | +$5.38M |
|
|
ODP
1170
DELISTED
ODP
ODP
| $6.54M | 0.01% |
183,195
-134,554
| -42% | -$4.77M |
|
1171
CALL
State Street SPDR S&P Retail ETF
XRT
$325M
| $6.53M | 0.01% |
+150,000
| New | +$6.64M |
|
|
LTM
1172
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
| $6.51M | 0.01% |
+801,246
| New | +$6.59M |
|
1173
Banco Macro
BMA
$4.97B
| $6.49M | 0.01% |
82,973
+75,624
| +1,029% | +$5.75M |
|
1174
Church & Dwight Co
CHD
$24.3B
| $6.49M | 0.01% |
135,334
-86,860
| -39% | -$4.29M |
|
1175
First Trust Global Tactical Commodity Strategy Fund
FTGC
$3.18B
| $6.45M | 0.01% |
+313,500
| New | +$6.6M |
|
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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.