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 | |
|---|---|---|---|---|---|---|
101
Simon Property Group
SPG
$70.6B
| $81.8M | 0.17% |
420,719
-197,527
| -32% | -$38.3M |
|
|
TWX
102
DELISTED
Time Warner Inc
TWX
| $81.6M | 0.17% |
1,262,406
-1,229,847
| -49% | -$86M |
|
|
GG
103
DELISTED
Goldcorp Inc
GG
| $81.1M | 0.17% |
7,011,327
-2,845,604
| -29% | -$36.2M |
|
|
UMPQ
104
DELISTED
Umpqua Holdings Corp
UMPQ
| $80.6M | 0.17% |
5,068,369
-1,414,590
| -22% | -$23.9M |
|
|
CPGX
105
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $80.1M | 0.17% |
4,005,497
+3,184,166
| +388% | +$63.1M |
|
106
Ameriprise Financial
AMP
$49.1B
| $80M | 0.17% |
751,298
+598,334
| +391% | +$66.9M |
|
107
TJX Companies
TJX
$155B
| $79.2M | 0.17% |
2,234,160
+2,161,476
| +2,974% | +$76.9M |
|
|
MDVN
108
DELISTED
MEDIVATION, INC.
MDVN
| $78.7M | 0.17% |
1,627,289
+985,889
| +154% | +$42.5M |
|
109
Brunswick
BC
$5.24B
| $78.7M | 0.17% |
1,557,251
+448,027
| +40% | +$23.1M |
|
110
Eversource Energy
ES
$26.4B
| $78.6M | 0.17% |
1,539,592
-2,830,111
| -65% | -$144M |
|
111
Sherwin-Williams
SHW
$84.1B
| $78.5M | 0.17% |
906,762
-104,706
| -10% | -$9.06M |
|
112
DaVita
DVA
$11.1B
| $78.4M | 0.16% |
1,124,691
+322,376
| +40% | +$23.6M |
|
113
Viatris
VTRS
$18.7B
| $77M | 0.16% |
1,424,406
+752,961
| +112% | +$36.2M |
|
114
Phillips 66
PSX
$96.9B
| $74.9M | 0.16% |
916,071
+737,470
| +413% | +$63.6M |
|
|
QEP
115
DELISTED
QEP RESOURCES, INC.
QEP
| $74.6M | 0.16% |
5,570,167
-1,680,450
| -23% | -$24.5M |
|
116
NXP Semiconductors
NXPI
$56.9B
| $74.5M | 0.16% |
884,140
-682,562
| -44% | -$58.4M |
|
|
PCP
117
DELISTED
PRECISION CASTPARTS CORP
PCP
| $74M | 0.16% |
318,918
+214,537
| +206% | +$49.6M |
|
118
Lincoln National
LNC
$8.07B
| $73.2M | 0.15% |
1,456,385
-444,692
| -23% | -$23.3M |
|
119
Zions Bancorporation
ZION
$9.95B
| $73.1M | 0.15% |
2,677,167
-207,144
| -7% | -$5.95M |
|
120
NiSource
NI
$19.5B
| $72.9M | 0.15% |
3,736,904
-3,643,274
| -49% | -$70.1M |
|
121
PepsiCo
PEP
$196B
| $72.9M | 0.15% |
+729,341
| New | +$72.8M |
|
|
RICE
122
DELISTED
Rice Energy Inc.
RICE
| $72.6M | 0.15% |
6,658,198
+2,203,100
| +49% | +$30.4M |
|
123
Goldman Sachs
GS
$303B
| $72.6M | 0.15% |
402,659
+386,390
| +2,375% | +$71.8M |
|
|
DYN
124
DELISTED
Dynegy, Inc.
DYN
| $72.5M | 0.15% |
5,410,547
+2,653,595
| +96% | +$45.5M |
|
125
Bread Financial
BFH
$4.07B
| $72.3M | 0.15% |
327,571
+228,097
| +229% | +$51.6M |
|
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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.