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 | |
|---|---|---|---|---|---|---|
1301
Comfort Systems
FIX
$56.7B
| $4.54M | 0.01% |
143,030
-222,668
| -61% | -$6.3M |
|
|
CTRA
1302
CALL
DELISTED
Coterra Energy
CTRA
| $4.54M | 0.01% |
+200,000
| New | +$4.01M |
|
1303
Banco Bradesco
BBD
$34.3B
| $4.52M | 0.01% |
1,290,643
+434,018
| +51% | +$1.13M |
|
1304
Huron Consulting
HURN
$2.59B
| $4.52M | 0.01% |
+77,601
| New | +$4.28M |
|
1305
Dick's Sporting Goods
DKS
$16.1B
| $4.51M | 0.01% |
96,542
+15,908
| +20% | +$646K |
|
|
ODP
1306
DELISTED
ODP
ODP
| $4.5M | 0.01% |
63,436
+40,656
| +178% | +$2.19M |
|
|
IPHI
1307
DELISTED
INPHI CORPORATION
IPHI
| $4.5M | 0.01% |
134,835
-75,221
| -36% | -$2.01M |
|
|
KSU
1308
DELISTED
Kansas City Southern
KSU
| $4.48M | 0.01% |
52,425
-113,335
| -68% | -$8.84M |
|
|
CUB
1309
DELISTED
Cubic Corporation
CUB
| $4.48M | 0.01% |
112,069
-57,240
| -34% | -$2.21M |
|
1310
ICF International
ICFI
$1.59B
| $4.47M | 0.01% |
130,181
+33,618
| +35% | +$1.12M |
|
1311
Gentherm
THRM
$1.21B
| $4.46M | 0.01% |
107,218
+99,636
| +1,314% | +$4.03M |
|
1312
Stepan Co
SCL
$1.41B
| $4.45M | 0.01% |
80,394
-9,573
| -11% | -$460K |
|
|
OUTR
1313
CALL
DELISTED
OUTERWALL INC
OUTR
| $4.44M | 0.01% |
+120,000
| New | +$3.94M |
|
|
JBTM
1314
JBT Marel
JBTM
$5.97B
| $4.44M | 0.01% |
+78,671
| New | +$3.83M |
|
|
ANH
1315
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $4.43M | 0.01% |
950,340
+164,793
| +21% | +$737K |
|
|
ATSG
1316
DELISTED
Air Transport Services Group
ATSG
| $4.42M | 0.01% |
+287,254
| New | +$3.29M |
|
1317
iShares S&P 100 ETF
OEF
$20.2B
| $4.4M | 0.01% |
48,161
+30,031
| +166% | +$2.62M |
|
1318
Stagwell
STGW
$2.17B
| $4.4M | 0.01% |
186,459
-67,828
| -27% | -$1.37M |
|
|
IM
1319
DELISTED
Ingram Micro
IM
| $4.39M | 0.01% |
122,367
-529,122
| -81% | -$16.9M |
|
|
KS
1320
DELISTED
KapStone Paper and Pack Corp.
KS
| $4.39M | 0.01% |
316,875
-374,641
| -54% | -$5.07M |
|
1321
CALL
Newmont
NEM
$139B
| $4.39M | 0.01% |
+165,000
| New | +$3.82M |
|
1322
Geospace Technologies
GEOS
$69.5M
| $4.38M | 0.01% |
355,184
-29,220
| -8% | -$322K |
|
|
SF
1323
Stifel
SF
$12.2B
| $4.37M | 0.01% |
332,399
-2,622,463
| -89% | -$37.3M |
|
1324
Teekay Tankers
TNK
$3.19B
| $4.37M | 0.01% |
148,953
-344,344
| -70% | -$11.9M |
|
|
BOBE
1325
DELISTED
Bob Evans Farms, Inc.
BOBE
| $4.37M | 0.01% |
93,631
-22,762
| -20% | -$960K |
|
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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.