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 | |
|---|---|---|---|---|---|---|
|
MYCC
1226
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $6.08M | 0.01% |
419,915
+327,471
| +354% | +$4.78M |
|
1227
Paycom
PAYC
$10.4B
| $6.06M | 0.01% |
120,868
-46,003
| -28% | -$2.25M |
|
1228
ITT
ITT
$18.4B
| $6.04M | 0.01% |
168,613
+22,800
| +16% | +$779K |
|
1229
First Merchants
FRME
$2.61B
| $6.03M | 0.01% |
225,292
+209,796
| +1,354% | +$5.54M |
|
1230
McCormick & Company Non-Voting
MKC
$14.6B
| $6.01M | 0.01% |
120,262
-4,798
| -4% | -$243K |
|
1231
AutoNation
AN
$6.51B
| $5.99M | 0.01% |
122,991
+62,222
| +102% | +$3.06M |
|
1232
Travelers Companies
TRV
$77.1B
| $5.98M | 0.01% |
52,200
+47,440
| +997% | +$5.55M |
|
|
AIRM
1233
DELISTED
Air Methods Corp
AIRM
| $5.94M | 0.01% |
188,702
+131,564
| +230% | +$4.48M |
|
|
SGI
1234
Somnigroup International
SGI
$13.5B
| $5.93M | 0.01% |
417,944
+6,264
| +2% | +$112K |
|
1235
TherapeuticsMD
TXMD
$26.4M
| $5.89M | 0.01% |
17,307
+9,861
| +132% | +$3.6M |
|
1236
Nu Skin
NUS
$236M
| $5.88M | 0.01% |
+90,760
| New | +$5.1M |
|
|
NGHC
1237
DELISTED
National General Holdings Corp
NGHC
| $5.88M | 0.01% |
264,165
-102,678
| -28% | -$2.24M |
|
1238
Progressive
PGR
$129B
| $5.86M | 0.01% |
185,952
-460,784
| -71% | -$15M |
|
|
KTWO
1239
DELISTED
K2M Group Holdings, Inc
KTWO
| $5.86M | 0.01% |
329,394
-418,233
| -56% | -$7.02M |
|
|
KNL
1240
DELISTED
Knoll, Inc.
KNL
| $5.86M | 0.01% |
256,306
+118,769
| +86% | +$2.96M |
|
1241
PUT
VanEck Oil Services ETF
OIH
$1.93B
| $5.86M | 0.01% |
+10,000
| New | +$5.65M |
|
|
BBG
1242
DELISTED
Bill Barrett Corp
BBG
| $5.83M | 0.01% |
1,049,210
+544,451
| +108% | +$3.24M |
|
|
KG
1243
Kestrel Group
KG
$58.8M
| $5.82M | 0.01% |
22,914
+14,333
| +167% | +$3.82M |
|
1244
Integra LifeSciences
IART
$1.31B
| $5.82M | 0.01% |
140,896
-29,118
| -17% | -$1.22M |
|
|
ITCI
1245
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $5.81M | 0.01% |
381,203
-238,734
| -39% | -$9.65M |
|
|
UN
1246
DELISTED
Unilever NV New York Registry Shares
UN
| $5.8M | 0.01% |
+125,821
| New | +$5.8M |
|
|
ORIT
1247
DELISTED
Oritani Financial Corp. New
ORIT
| $5.8M | 0.01% |
368,913
+138,952
| +60% | +$2.23M |
|
1248
Rambus
RMBS
$9.75B
| $5.79M | 0.01% |
462,927
+438,880
| +1,825% | +$5.8M |
|
|
ULTI
1249
DELISTED
Ultimate Software Group Inc
ULTI
| $5.79M | 0.01% |
28,314
-22,938
| -45% | -$4.85M |
|
1250
Enerpac Tool Group
EPAC
$1.91B
| $5.78M | 0.01% |
248,794
+146,595
| +143% | +$3.43M |
|
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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.