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 | |
|---|---|---|---|---|---|---|
|
MASI
1201
DELISTED
Masimo
MASI
| $6.27M | 0.01% |
105,402
-139,050
| -57% | -$7.84M |
|
|
NVRO
1202
PUT
DELISTED
NEVRO CORP.
NVRO
| $6.26M | 0.01% |
+60,000
| New | +$5.42M |
|
|
MDP
1203
DELISTED
Meredith Corporation
MDP
| $6.26M | 0.01% |
120,338
+16,646
| +16% | +$889K |
|
1204
State Street SPDR S&P Metals & Mining ETF
XME
$4.83B
| $6.25M | 0.01% |
235,810
+61,828
| +36% | +$1.66M |
|
1205
Royal Bank of Canada
RY
$284B
| $6.25M | 0.01% |
100,902
+90,457
| +866% | +$5.56M |
|
|
CRC
1206
CALL
DELISTED
California Resources Corporation
CRC
| $6.25M | 0.01% |
500,000
+100,000
| +25% | +$1.14M |
|
|
LCI
1207
DELISTED
Lannett Company, Inc.
LCI
| $6.25M | 0.01% |
+58,788
| New | +$7.18M |
|
1208
NorthWestern Energy
NWE
$4.36B
| $6.25M | 0.01% |
108,567
+97,611
| +891% | +$5.82M |
|
|
CAFD
1209
DELISTED
8point3 Energy Partners LP
CAFD
| $6.23M | 0.01% |
432,328
+267,337
| +162% | +$4.23M |
|
|
AFAM
1210
DELISTED
Almost Family Inc
AFAM
| $6.22M | 0.01% |
169,123
+46,781
| +38% | +$1.82M |
|
|
BIG
1211
DELISTED
Big Lots, Inc.
BIG
| $6.21M | 0.01% |
130,074
-658,872
| -84% | -$33.7M |
|
1212
Vanguard Total International Bond ETF
BNDX
$83B
| $6.2M | 0.01% |
110,636
+71,284
| +181% | +$3.99M |
|
|
NAVG
1213
DELISTED
Navigators Group Inc
NAVG
| $6.2M | 0.01% |
127,880
+12,526
| +11% | +$581K |
|
|
ESV
1214
CALL
DELISTED
Ensco Rowan plc
ESV
| $6.18M | 0.01% |
181,825
| – | – |
|
|
CXO
1215
DELISTED
CONCHO RESOURCES INC.
CXO
| $6.18M | 0.01% |
45,000
-2,233
| -5% | -$283K |
|
1216
Broadridge
BR
$21.1B
| $6.18M | 0.01% |
91,164
-71,322
| -44% | -$4.87M |
|
|
DOOR
1217
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $6.17M | 0.01% |
99,280
-8,527
| -8% | -$572K |
|
1218
Qorvo
QRVO
$8.32B
| $6.16M | 0.01% |
+110,505
| New | +$6.27M |
|
|
GES
1219
DELISTED
Guess Inc
GES
| $6.16M | 0.01% |
+421,316
| New | +$6.38M |
|
|
HRG
1220
DELISTED
HRG Group, Inc.
HRG
| $6.14M | 0.01% |
391,312
+135,488
| +53% | +$2.05M |
|
1221
New York Times
NYT
$11.1B
| $6.13M | 0.01% |
513,388
+169,911
| +49% | +$2.15M |
|
1222
CALL
Darden Restaurants
DRI
$25B
| $6.13M | 0.01% |
100,000
| – | – |
|
1223
Dine Brands
DIN
$449M
| $6.11M | 0.01% |
77,169
-81,397
| -51% | -$6.46M |
|
1224
NNN REIT
NNN
$8.85B
| $6.09M | 0.01% |
119,724
-138,702
| -54% | -$7.09M |
|
|
CSGS
1225
DELISTED
CSG Systems International
CSGS
| $6.09M | 0.01% |
147,287
-86,273
| -37% | -$3.62M |
|
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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.