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 | |
|---|---|---|---|---|---|---|
|
HSII
1301
DELISTED
Heidrick & Struggles
HSII
| $5.47M | 0.01% |
200,811
+88,445
| +79% | +$2.31M |
|
1302
CareTrust REIT
CTRE
$9.41B
| $5.46M | 0.01% |
498,845
+341,802
| +218% | +$3.78M |
|
1303
HNI Corp
HNI
$3.55B
| $5.46M | 0.01% |
151,410
+98,483
| +186% | +$4.17M |
|
|
CRC
1304
DELISTED
California Resources Corporation
CRC
| $5.46M | 0.01% |
234,156
-119,900
| -34% | -$4.32M |
|
|
MXIM
1305
DELISTED
Maxim Integrated Products
MXIM
| $5.44M | 0.01% |
143,084
-2,269,321
| -94% | -$86.8M |
|
|
SPR
1306
DELISTED
Spirit AeroSystems
SPR
| $5.41M | 0.01% |
108,063
-238,084
| -69% | -$12.2M |
|
1307
Geospace Technologies
GEOS
$70.6M
| $5.41M | 0.01% |
384,404
+8,933
| +2% | +$127K |
|
|
NAV
1308
DELISTED
Navistar International
NAV
| $5.41M | 0.01% |
+611,466
| New | +$7.52M |
|
|
TOO
1309
DELISTED
Teekay Offshore Partners L.P.
TOO
| $5.38M | 0.01% |
830,206
+274,547
| +49% | +$3.47M |
|
|
NCI
1310
DELISTED
Navigant Consulting, Inc.
NCI
| $5.38M | 0.01% |
334,974
+22,010
| +7% | +$376K |
|
1311
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $5.38M | 0.01% |
+101,457
| New | +$5.44M |
|
1312
Terreno Realty
TRNO
$7.43B
| $5.37M | 0.01% |
237,236
-214,865
| -48% | -$4.74M |
|
1313
Arbutus Biopharma
ABUS
$1.02B
| $5.36M | 0.01% |
1,204,445
-151,394
| -11% | -$830K |
|
1314
Open Text
OTEX
$5.92B
| $5.33M | 0.01% |
222,544
-453,152
| -67% | -$10.7M |
|
1315
Assurant
AIZ
$14B
| $5.31M | 0.01% |
+65,956
| New | +$5.44M |
|
|
DHC
1316
Diversified Healthcare Trust
DHC
$1.95B
| $5.31M | 0.01% |
357,788
+28,967
| +9% | +$433K |
|
1317
Tandem Diabetes Care
TNDM
$1.5B
| $5.3M | 0.01% |
44,903
-16,578
| -27% | -$1.64M |
|
|
ECOM
1318
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $5.3M | 0.01% |
382,906
+17,859
| +5% | +$212K |
|
|
LFC
1319
DELISTED
China Life Insurance Company Ltd.
LFC
| $5.3M | 0.01% |
331,395
+19,643
| +6% | +$350K |
|
1320
DHI Group
DHX
$183M
| $5.3M | 0.01% |
577,783
+535,591
| +1,269% | +$4.77M |
|
|
ELOS
1321
DELISTED
Syneron Medical Ltd
ELOS
| $5.3M | 0.01% |
687,021
-81,052
| -11% | -$618K |
|
1322
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
| $5.28M | 0.01% |
+30,350
| New | +$5.3M |
|
1323
Capri Holdings
CPRI
$1.53B
| $5.27M | 0.01% |
131,644
-120,827
| -48% | -$4.98M |
|
1324
Ternium
TX
$10.7B
| $5.27M | 0.01% |
424,136
+118,941
| +39% | +$1.66M |
|
1325
Automatic Data Processing
ADP
$112B
| $5.27M | 0.01% |
+62,220
| New | +$5.36M |
|
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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.