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 | |
|---|---|---|---|---|---|---|
1276
Pacira BioSciences
PCRX
$1.02B
| $5.54M | 0.01% |
161,915
-619,691
| -79% | -$24.3M |
|
|
UNT
1277
DELISTED
UNIT Corporation
UNT
| $5.54M | 0.01% |
297,892
+228,280
| +328% | +$3.52M |
|
|
CBPX
1278
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $5.53M | 0.01% |
263,316
-438,327
| -62% | -$9.86M |
|
1279
CALL
O-I Glass
OI
$1.15B
| $5.52M | 0.01% |
+300,000
| New | +$5.44M |
|
1280
Insulet
PODD
$9.92B
| $5.51M | 0.01% |
134,660
-964,399
| -88% | -$38.1M |
|
1281
Newell Brands
NWL
$2.53B
| $5.51M | 0.01% |
+104,632
| New | +$5.41M |
|
|
SEE
1282
CALL
DELISTED
Sealed Air
SEE
| $5.5M | 0.01% |
+120,000
| New | +$5.64M |
|
1283
Neurocrine Biosciences
NBIX
$15.6B
| $5.47M | 0.01% |
107,968
-506,608
| -82% | -$25.2M |
|
1284
CALL
Travere Therapeutics
TVTX
$6.32B
| $5.45M | 0.01% |
243,500
+183,500
| +306% | +$3.49M |
|
1285
Ironwood Pharmaceuticals
IRWD
$725M
| $5.44M | 0.01% |
408,731
-367,933
| -47% | -$4.3M |
|
|
XLNX
1286
CALL
DELISTED
Xilinx Inc
XLNX
| $5.43M | 0.01% |
+100,000
| New | +$5.14M |
|
1287
BJ's Restaurants
BJRI
$1.39B
| $5.43M | 0.01% |
152,627
-287,849
| -65% | -$11.6M |
|
|
CPN
1288
DELISTED
Calpine Corporation
CPN
| $5.42M | 0.01% |
+429,077
| New | +$5.78M |
|
|
TEN
1289
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $5.41M | 0.01% |
92,909
-220,074
| -70% | -$12M |
|
|
TRQ
1290
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $5.41M | 0.01% |
182,205
+25,264
| +16% | +$814K |
|
|
LGF
1291
DELISTED
Lions Gate Entertainment
LGF
| $5.41M | 0.01% |
270,689
-164,269
| -38% | -$3.36M |
|
|
CPPL
1292
DELISTED
Columbia Pipeline Partners LP
CPPL
| $5.41M | 0.01% |
334,907
+51,255
| +18% | +$755K |
|
1293
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.81B
| $5.4M | 0.01% |
194,871
+96,883
| +99% | +$2.65M |
|
|
AMAG
1294
DELISTED
AMAG Pharmaceuticals
AMAG
| $5.39M | 0.01% |
+220,078
| New | +$5.5M |
|
1295
Rockwell Automation
ROK
$47.7B
| $5.39M | 0.01% |
+44,046
| New | +$5.15M |
|
1296
Brixmor Property Group
BRX
$9.05B
| $5.37M | 0.01% |
193,246
-583,685
| -75% | -$16.2M |
|
|
NBL
1297
CALL
DELISTED
Noble Energy, Inc.
NBL
| $5.36M | 0.01% |
+150,000
| New | +$5.27M |
|
|
XYZ
1298
Block Inc
XYZ
$49.7B
| $5.36M | 0.01% |
459,509
-342,534
| -43% | -$3.74M |
|
1299
Fidelity National Financial
FNF
$12.7B
| $5.35M | 0.01% |
208,740
-464,283
| -69% | -$12M |
|
1300
Sportsman's Warehouse
SPWH
$44.1M
| $5.35M | 0.01% |
508,307
+456,952
| +890% | +$4.61M |
|
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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.