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 | |
|---|---|---|---|---|---|---|
|
SIEN
1326
DELISTED
Sientra, Inc.
SIEN
| $4.37M | 0.01% |
63,850
+15,431
| +32% | +$1.16M |
|
|
SBY
1327
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $4.36M | 0.01% |
293,703
-13,585
| -4% | -$191K |
|
|
VRTU
1328
DELISTED
Virtusa Corporation
VRTU
| $4.36M | 0.01% |
116,389
-55,181
| -32% | -$2.09M |
|
|
EFOR
1329
Everforth Inc
EFOR
$1.33B
| $4.36M | 0.01% |
118,076
+58,543
| +98% | +$2.07M |
|
1330
Ryanair
RYAAY
$29.4B
| $4.34M | 0.01% |
126,470
+24,970
| +25% | +$824K |
|
|
TCP
1331
DELISTED
TC Pipelines LP
TCP
| $4.34M | 0.01% |
+90,000
| New | +$4.08M |
|
|
TARO
1332
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $4.31M | 0.01% |
+30,114
| New | +$4.28M |
|
1333
Movado Group
MOV
$772M
| $4.3M | 0.01% |
156,176
+128,778
| +470% | +$3.45M |
|
1334
LendingTree
TREE
$435M
| $4.29M | 0.01% |
43,871
-164,815
| -79% | -$12.9M |
|
1335
PUT
Louisiana-Pacific
LPX
$5.08B
| $4.28M | 0.01% |
250,000
+100,000
| +67% | +$1.58M |
|
1336
New Mountain Finance
NMFC
$722M
| $4.28M | 0.01% |
338,551
-13,584
| -4% | -$165K |
|
1337
FreightCar America
RAIL
$234M
| $4.27M | 0.01% |
273,929
+144,338
| +111% | +$2.49M |
|
1338
CALL
VanEck Gold Miners ETF
GDX
$32.2B
| $4.27M | 0.01% |
213,600
+63,600
| +42% | +$1.09M |
|
|
VXX
1339
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $4.26M | 0.01% |
15,103
+8,812
| +140% | +$3.32M |
|
1340
Repligen
RGEN
$10.2B
| $4.25M | 0.01% |
158,495
-129,194
| -45% | -$3.16M |
|
1341
Zebra Technologies
ZBRA
$17.2B
| $4.25M | 0.01% |
61,601
-591,601
| -91% | -$37M |
|
1342
AngloGold Ashanti
AU
$60.9B
| $4.25M | 0.01% |
310,261
-883,627
| -74% | -$9.57M |
|
1343
Corning
GLW
$125B
| $4.23M | 0.01% |
202,691
-335,398
| -62% | -$6.22M |
|
|
INFI
1344
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $4.22M | 0.01% |
800,361
-655,924
| -45% | -$4.01M |
|
1345
GE Aerospace
GE
$355B
| $4.22M | 0.01% |
27,680
-253,571
| -90% | -$35.8M |
|
1346
ABM Industries
ABM
$2.75B
| $4.21M | 0.01% |
130,358
-179,930
| -58% | -$5.43M |
|
1347
InterDigital
IDCC
$8.8B
| $4.21M | 0.01% |
75,593
-401,050
| -84% | -$19.4M |
|
|
PKY
1348
DELISTED
Parkway, Inc.
PKY
| $4.2M | 0.01% |
267,969
-861,596
| -76% | -$12M |
|
|
IQNT
1349
DELISTED
Inteliquent, Inc.
IQNT
| $4.2M | 0.01% |
261,350
+11,404
| +5% | +$189K |
|
1350
HEICO Corp Class A
HEI.A
$36.2B
| $4.19M | 0.01% |
+215,115
| New | +$3.94M |
|
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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.