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 | |
|---|---|---|---|---|---|---|
101
Regency Centers
REG
$13.9B
| $94M | 0.16% |
1,213,123
+470,703
| +63% | +$38.1M |
|
|
KSU
102
DELISTED
Kansas City Southern
KSU
| $93.9M | 0.16% |
1,006,257
+40,359
| +4% | +$3.82M |
|
103
Kilroy Realty
KRC
$4.25B
| $92.3M | 0.15% |
1,331,084
+1,215,951
| +1,056% | +$85.6M |
|
104
FirstEnergy
FE
$26.6B
| $92.3M | 0.15% |
2,789,113
+1,684,813
| +153% | +$57.2M |
|
105
Alaska Air
ALK
$4.51B
| $91.8M | 0.15% |
1,393,957
+151,589
| +12% | +$9.97M |
|
|
ETFC
106
DELISTED
E*Trade Financial Corporation
ETFC
| $91.8M | 0.15% |
3,151,989
+723,868
| +30% | +$18.7M |
|
107
Icon
ICLR
$13.3B
| $91.7M | 0.15% |
1,185,231
+213,083
| +22% | +$16M |
|
108
Range Resources
RRC
$9.59B
| $90.3M | 0.15% |
2,329,027
+4,956
| +0.2% | +$200K |
|
|
WLL
109
DELISTED
Whiting Petroleum Corporation
WLL
| $90M | 0.15% |
34,339
+16,087
| +88% | +$37.7M |
|
110
Zoetis
ZTS
$32.1B
| $89.7M | 0.15% |
1,724,270
-1,533,906
| -47% | -$77.6M |
|
111
Charles River Laboratories
CRL
$14.1B
| $89.5M | 0.15% |
1,073,641
+704,275
| +191% | +$59M |
|
|
BNY
112
Bank of New York Mellon
BNY
$108B
| $89.5M | 0.15% |
2,243,412
+2,098,134
| +1,444% | +$83.8M |
|
113
FNB Corp
FNB
$6.6B
| $89.2M | 0.15% |
7,254,416
+4,887,815
| +207% | +$60.4M |
|
114
American Express
AXP
$227B
| $88.8M | 0.15% |
1,387,206
+1,051,142
| +313% | +$67.5M |
|
|
AGN
115
DELISTED
Allergan plc
AGN
| $88.4M | 0.15% |
383,914
+271,965
| +243% | +$66.5M |
|
116
T-Mobile US
TMUS
$196B
| $88.3M | 0.15% |
1,890,644
+277,305
| +17% | +$12.7M |
|
117
Coca-Cola Europacific Partners
CCEP
$47.7B
| $88.2M | 0.15% |
2,209,808
-731,056
| -25% | -$27.9M |
|
118
American International
AIG
$39.8B
| $88.1M | 0.15% |
1,483,851
+1,329,910
| +864% | +$76M |
|
|
FL
119
DELISTED
Foot Locker
FL
| $88M | 0.15% |
1,299,505
-172,322
| -12% | -$10.7M |
|
120
Eversource Energy
ES
$26.4B
| $87.7M | 0.15% |
1,618,375
+1,452,244
| +874% | +$82M |
|
121
Sun Communities
SUI
$14.8B
| $87.5M | 0.15% |
1,114,675
+62,238
| +6% | +$4.83M |
|
|
DCT
122
DELISTED
DCT Industrial Trust Inc.
DCT
| $86.9M | 0.15% |
1,790,104
+992,678
| +124% | +$48.2M |
|
123
First Horizon
FHN
$11.7B
| $85.3M | 0.14% |
5,602,866
+1,538,182
| +38% | +$22.8M |
|
|
PPS
124
DELISTED
Post Properties
PPS
| $85.1M | 0.14% |
1,286,527
+355,497
| +38% | +$23M |
|
125
Edison International
EIX
$27.5B
| $84.7M | 0.14% |
+1,171,827
| New | +$87.9M |
|
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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.