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 | |
|---|---|---|---|---|---|---|
|
ULTI
1201
DELISTED
Ultimate Software Group Inc
ULTI
| $5.45M | 0.01% |
28,183
-2,631
| -9% | -$458K |
|
|
NRF
1202
DELISTED
NorthStar Realty Finance Corp.
NRF
| $5.45M | 0.01% |
415,593
-1,745,902
| -81% | -$21.4M |
|
1203
Novavax
NVAX
$1.46B
| $5.45M | 0.01% |
+52,775
| New | +$5.66M |
|
1204
PUT
Broadcom
AVGO
$1.71T
| $5.44M | 0.01% |
352,000
+2,000
| +0.6% | +$27K |
|
1205
PUT
Packaging Corp of America
PKG
$22.2B
| $5.44M | 0.01% |
90,000
+40,000
| +80% | +$2.14M |
|
1206
Vanguard Total International Bond ETF
BNDX
$82.6B
| $5.43M | 0.01% |
99,484
+44,750
| +82% | +$2.4M |
|
|
INN
1207
Summit Hotel Properties
INN
$662M
| $5.42M | 0.01% |
452,915
+179,614
| +66% | +$1.91M |
|
1208
PUT
iShares US Home Construction ETF
ITB
$2.28B
| $5.42M | 0.01% |
+200,000
| New | +$4.92M |
|
|
PNK
1209
DELISTED
Pinnacle Entertainment Inc.
PNK
| $5.41M | 0.01% |
154,194
+93,525
| +154% | +$2.82M |
|
|
PGND
1210
DELISTED
PRESS GANEY HOLDINGS INC COM STK (DE)
PGND
| $5.4M | 0.01% |
179,669
+22,574
| +14% | +$642K |
|
1211
Pembina Pipeline
PBA
$28.3B
| $5.37M | 0.01% |
+199,149
| New | +$4.64M |
|
|
LOGM
1212
DELISTED
LogMein, Inc.
LOGM
| $5.37M | 0.01% |
106,342
+41,285
| +63% | +$2.13M |
|
1213
CALL
Teva Pharmaceuticals
TEVA
$43B
| $5.35M | 0.01% |
100,000
| – | – |
|
|
PTR
1214
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $5.34M | 0.01% |
80,581
+4,378
| +6% | +$276K |
|
|
NGHC
1215
DELISTED
National General Holdings Corp
NGHC
| $5.33M | 0.01% |
246,732
-123,942
| -33% | -$2.5M |
|
|
DWRE
1216
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $5.29M | 0.01% |
+135,352
| New | +$5.25M |
|
|
ALJ
1217
DELISTED
Alon USA Energy Inc
ALJ
| $5.26M | 0.01% |
509,970
-133,662
| -21% | -$1.51M |
|
|
DGI
1218
DELISTED
DigitalGlobe Inc.
DGI
| $5.26M | 0.01% |
303,819
-387,524
| -56% | -$5.78M |
|
1219
Acco Brands
ACCO
$387M
| $5.25M | 0.01% |
584,843
+186,127
| +47% | +$1.3M |
|
1220
Yelp
YELP
$1.29B
| $5.25M | 0.01% |
264,169
-448,706
| -63% | -$9.18M |
|
|
DPLO
1221
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $5.24M | 0.01% |
191,401
-825,066
| -81% | -$24.3M |
|
1222
Clean Energy Fuels
CLNE
$351M
| $5.24M | 0.01% |
1,788,848
+1,270,869
| +245% | +$3.57M |
|
1223
Tower Semiconductor
TSEM
$23.9B
| $5.23M | 0.01% |
431,780
+181,319
| +72% | +$2.28M |
|
1224
CareTrust REIT
CTRE
$9.37B
| $5.23M | 0.01% |
411,894
-86,951
| -17% | -$963K |
|
|
QUNR
1225
DELISTED
Qunar Cayman Islands Limited
QUNR
| $5.23M | 0.01% |
131,728
+127,064
| +2,724% | +$4.9M |
|
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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.