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 | |
|---|---|---|---|---|---|---|
1176
Open Text
OTEX
$5.9B
| $6.42M | 0.01% |
197,934
+33,128
| +20% | +$1.04M |
|
|
SFUN
1177
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $6.41M | 0.01% |
+28,528
| New | +$6.83M |
|
|
BV
1178
DELISTED
Bazaarvoice, Inc.
BV
| $6.4M | 0.01% |
1,083,361
+239,975
| +28% | +$1.06M |
|
1179
Kosmos Energy
KOS
$1.63B
| $6.4M | 0.01% |
998,172
+335,748
| +51% | +$1.96M |
|
1180
Outfront Media
OUT
$5.4B
| $6.39M | 0.01% |
274,643
+62,648
| +30% | +$1.41M |
|
1181
CALL
Waste Management
WM
$88.8B
| $6.38M | 0.01% |
+100,000
| New | +$6.54M |
|
|
BPL
1182
DELISTED
Buckeye Partners, L.P.
BPL
| $6.37M | 0.01% |
89,013
+58,013
| +187% | +$4.13M |
|
|
FLY
1183
DELISTED
Fly Leasing Limited
FLY
| $6.37M | 0.01% |
549,715
-345,065
| -39% | -$3.98M |
|
|
MGLN
1184
DELISTED
Magellan Health Services, Inc.
MGLN
| $6.37M | 0.01% |
118,537
-45,848
| -28% | -$2.76M |
|
1185
Aflac
AFL
$58.2B
| $6.37M | 0.01% |
177,168
+62,948
| +55% | +$2.29M |
|
1186
ENI
E
$78B
| $6.37M | 0.01% |
220,459
+179,071
| +433% | +$5.45M |
|
|
VG
1187
DELISTED
Vonage Holdings Corporation
VG
| $6.35M | 0.01% |
960,422
-1,126,445
| -54% | -$6.77M |
|
1188
MarketAxess Holdings
MKTX
$5.72B
| $6.34M | 0.01% |
38,303
-26,729
| -41% | -$4.34M |
|
|
NE
1189
CALL
DELISTED
Noble Corporation
NE
| $6.34M | 0.01% |
+1,000,000
| New | +$6.72M |
|
1190
Credicorp
BAP
$30.4B
| $6.34M | 0.01% |
41,641
+16,379
| +65% | +$2.58M |
|
1191
Zebra Technologies
ZBRA
$17.1B
| $6.32M | 0.01% |
90,809
-38,733
| -30% | -$2.38M |
|
|
VMRK
1192
Vivmark Residential
VMRK
$27B
| $6.31M | 0.01% |
98,117
-207,577
| -68% | -$13.8M |
|
|
PINC
1193
DELISTED
Premier
PINC
| $6.31M | 0.01% |
195,115
-36,811
| -16% | -$1.19M |
|
1194
Interface
TILE
$2.25B
| $6.3M | 0.01% |
377,611
+303,815
| +412% | +$5.07M |
|
|
AIRM
1195
PUT
DELISTED
Air Methods Corp
AIRM
| $6.3M | 0.01% |
+200,000
| New | +$6.81M |
|
1196
HubSpot
HUBS
$11.9B
| $6.29M | 0.01% |
109,137
+18,656
| +21% | +$1.01M |
|
1197
PJT Partners
PJT
$4.46B
| $6.29M | 0.01% |
+230,520
| New | +$5.78M |
|
1198
Tandem Diabetes Care
TNDM
$1.5B
| $6.28M | 0.01% |
82,031
-6,669
| -8% | -$486K |
|
1199
Old National Bancorp
ONB
$9.82B
| $6.28M | 0.01% |
446,759
+339,203
| +315% | +$4.58M |
|
|
SHOR
1200
DELISTED
ShoreTel, Inc.
SHOR
| $6.27M | 0.01% |
784,258
+693,096
| +760% | +$5.42M |
|
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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.