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 | |
|---|---|---|---|---|---|---|
|
WFT
101
DELISTED
Weatherford International plc
WFT
| $77M | 0.19% |
9,899,928
+5,485,184
| +124% | +$37M |
|
|
ALXN
102
DELISTED
Alexion Pharmaceuticals
ALXN
| $76M | 0.19% |
546,069
+523,924
| +2,366% | +$76.9M |
|
|
LLL
103
DELISTED
L3 Technologies, Inc.
LLL
| $75.9M | 0.19% |
640,838
+441,005
| +221% | +$51.4M |
|
104
HCA Healthcare
HCA
$92.9B
| $75.9M | 0.19% |
972,658
+929,061
| +2,131% | +$64.9M |
|
105
Regency Centers
REG
$13.9B
| $75.8M | 0.19% |
1,012,145
+252,481
| +33% | +$18M |
|
|
SLCA
106
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $75.5M | 0.19% |
3,321,549
-391,912
| -11% | -$7.27M |
|
107
LyondellBasell Industries
LYB
$21.8B
| $73.9M | 0.18% |
863,283
+565,798
| +190% | +$45.4M |
|
108
Bread Financial
BFH
$4.07B
| $73.5M | 0.18% |
418,786
+91,215
| +28% | +$15.9M |
|
|
QEP
109
DELISTED
QEP RESOURCES, INC.
QEP
| $73.5M | 0.18% |
5,209,955
-360,212
| -6% | -$4.17M |
|
110
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $72.6M | 0.18% |
276,392
+58,119
| +27% | +$14.1M |
|
111
Lam Research
LRCX
$393B
| $72.5M | 0.18% |
8,782,650
-7,894,410
| -47% | -$57.4M |
|
|
PF
112
DELISTED
Pinnacle Foods, Inc.
PF
| $72M | 0.18% |
1,610,722
+314,232
| +24% | +$13.5M |
|
113
Coca-Cola
KO
$392B
| $71.9M | 0.18% |
1,549,328
+1,079,939
| +230% | +$47M |
|
114
Marathon Petroleum
MPC
$101B
| $71.3M | 0.18% |
1,916,459
+1,426,026
| +291% | +$54.2M |
|
|
ITC
115
DELISTED
ITC HOLDINGS CORP
ITC
| $71.2M | 0.18% |
1,633,725
-854,765
| -34% | -$34.7M |
|
|
INXN
116
DELISTED
Interxion Holding N.V.
INXN
| $70.8M | 0.18% |
2,046,301
+446,942
| +28% | +$13.9M |
|
|
OPLN
117
Openlane
OPLN
$4.08B
| $70.3M | 0.18% |
4,871,589
-1,061,675
| -18% | -$14.1M |
|
118
Keurig Dr Pepper
KDP
$43.6B
| $69.5M | 0.17% |
777,554
+213,294
| +38% | +$19.5M |
|
119
Paychex
PAYX
$44.3B
| $68.6M | 0.17% |
1,271,015
+1,051,578
| +479% | +$53M |
|
120
Gilead Sciences
GILD
$181B
| $68.6M | 0.17% |
746,607
-143,128
| -16% | -$12.9M |
|
|
STOR
121
DELISTED
STORE Capital Corporation
STOR
| $68.6M | 0.17% |
+2,649,578
| New | +$64.9M |
|
122
Black Hills Corp
BKH
$5.47B
| $68.1M | 0.17% |
1,132,218
-389,544
| -26% | -$20.8M |
|
|
UMPQ
123
DELISTED
Umpqua Holdings Corp
UMPQ
| $67.3M | 0.17% |
4,244,479
-823,890
| -16% | -$12.4M |
|
124
Sun Communities
SUI
$14.8B
| $67.2M | 0.17% |
938,447
+495,237
| +112% | +$33.4M |
|
125
CALL
BP
BP
$115B
| $66.5M | 0.17% |
2,618,140
+1,114,454
| +74% | +$28.1M |
|
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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.