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 | |
|---|---|---|---|---|---|---|
1301
Kearny Financial
KRNY
$642M
| $5.34M | 0.01% |
+392,563
| New | +$5.25M |
|
|
GHL
1302
DELISTED
Greenhill & Co., Inc.
GHL
| $5.34M | 0.01% |
226,617
+129,163
| +133% | +$2.7M |
|
|
BEAT
1303
DELISTED
BioTelemetry, Inc.
BEAT
| $5.34M | 0.01% |
287,431
-59,111
| -17% | -$1.11M |
|
1304
CALL
PBF Energy
PBF
$7.88B
| $5.31M | 0.01% |
234,500
-234,000
| -50% | -$5.26M |
|
1305
Mativ Holdings
MATV
$682M
| $5.3M | 0.01% |
137,380
-109,372
| -44% | -$4.16M |
|
1306
Visteon
VC
$2.77B
| $5.29M | 0.01% |
73,803
-115,030
| -61% | -$8.04M |
|
|
DCM
1307
DELISTED
NTT DOCOMO, Inc.
DCM
| $5.29M | 0.01% |
208,146
-37,835
| -15% | -$999K |
|
|
WDR
1308
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $5.29M | 0.01% |
291,129
-316,827
| -52% | -$5.77M |
|
|
ITG
1309
DELISTED
Investment Technology Group Inc
ITG
| $5.29M | 0.01% |
+308,338
| New | +$5.09M |
|
|
LHCG
1310
DELISTED
LHC Group LLC
LHCG
| $5.27M | 0.01% |
142,875
-223,146
| -61% | -$8.94M |
|
|
FNBC
1311
DELISTED
First NBC Bank Holding Company
FNBC
| $5.27M | 0.01% |
557,985
+305,340
| +121% | +$4.43M |
|
|
VRN
1312
DELISTED
Veren
VRN
| $5.26M | 0.01% |
398,790
+45,789
| +13% | +$683K |
|
|
NLSN
1313
DELISTED
Nielsen Holdings plc
NLSN
| $5.25M | 0.01% |
+98,023
| New | +$5.21M |
|
1314
VanEck Gold Miners ETF
GDX
$32.8B
| $5.25M | 0.01% |
198,582
-187,139
| -49% | -$5.37M |
|
1315
Eagle Bancorp
EGBN
$844M
| $5.24M | 0.01% |
106,143
+99,936
| +1,610% | +$5.02M |
|
1316
Bank OZK
OZK
$5.36B
| $5.23M | 0.01% |
136,300
-128,686
| -49% | -$4.88M |
|
1317
CNA Financial
CNA
$13.3B
| $5.21M | 0.01% |
151,527
+31,681
| +26% | +$1.03M |
|
|
CRZO
1318
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $5.18M | 0.01% |
127,629
-90,971
| -42% | -$3.26M |
|
|
ACOR
1319
DELISTED
Acorda Therapeutics
ACOR
| $5.18M | 0.01% |
2,066
-2,648
| -56% | -$7.9M |
|
|
AUY
1320
DELISTED
Yamana Gold, Inc.
AUY
| $5.16M | 0.01% |
1,197,918
-2,156,863
| -64% | -$11.1M |
|
1321
Innoviva
INVA
$1.53B
| $5.15M | 0.01% |
468,921
-106,402
| -18% | -$1.24M |
|
1322
Bright Horizons
BFAM
$3.59B
| $5.14M | 0.01% |
76,789
+69,663
| +978% | +$4.69M |
|
|
INN
1323
Summit Hotel Properties
INN
$669M
| $5.12M | 0.01% |
389,270
+263,705
| +210% | +$3.65M |
|
1324
Granite Construction
GVA
$5.42B
| $5.12M | 0.01% |
102,888
-97,189
| -49% | -$4.72M |
|
1325
Weibo
WB
$1.75B
| $5.11M | 0.01% |
101,938
+93,479
| +1,105% | +$3.87M |
|
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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.