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 | |
|---|---|---|---|---|---|---|
1351
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$375M
| $4.88M | 0.01% |
25,604
+5,250
| +26% | +$941K |
|
|
AD
1352
Array Digital Infrastructure
AD
$3.08B
| $4.87M | 0.01% |
133,902
+80,444
| +150% | +$3.1M |
|
|
IMGN
1353
DELISTED
Immunogen Inc
IMGN
| $4.86M | 0.01% |
1,814,320
+189,812
| +12% | +$552K |
|
1354
Moog Inc Class A
MOG.A
$12.2B
| $4.85M | 0.01% |
81,440
+70,636
| +654% | +$4.03M |
|
|
WRK
1355
PUT
DELISTED
WestRock Company
WRK
| $4.85M | 0.01% |
100,000
| – | – |
|
|
IM
1356
DELISTED
Ingram Micro
IM
| $4.84M | 0.01% |
+135,873
| New | +$4.72M |
|
|
AVX
1357
DELISTED
AVX Corporation
AVX
| $4.84M | 0.01% |
351,201
+287,211
| +449% | +$3.92M |
|
1358
Unisys
UIS
$190M
| $4.81M | 0.01% |
493,681
-135,709
| -22% | -$1.26M |
|
1359
PUT
International Paper
IP
$21.9B
| $4.8M | 0.01% |
+105,600
| New | +$4.66M |
|
1360
Chemed
CHE
$7.17B
| $4.79M | 0.01% |
33,979
+22,133
| +187% | +$3.08M |
|
1361
Asbury Automotive
ABG
$3.77B
| $4.77M | 0.01% |
85,715
+79,499
| +1,279% | +$4.43M |
|
|
VER
1362
DELISTED
VEREIT, Inc.
VER
| $4.76M | 0.01% |
91,863
-143,725
| -61% | -$7.48M |
|
|
LMOS
1363
DELISTED
Lumos Networks Corp
LMOS
| $4.7M | 0.01% |
336,009
+75,452
| +29% | +$989K |
|
|
RUTH
1364
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $4.7M | 0.01% |
333,099
+155,207
| +87% | +$2.37M |
|
1365
iShare MSCI Eurozone ETF
EZU
$9.95B
| $4.7M | 0.01% |
+136,200
| New | +$4.59M |
|
|
MTOR
1366
DELISTED
MERITOR, Inc.
MTOR
| $4.7M | 0.01% |
+422,085
| New | +$4.11M |
|
1367
EastGroup Properties
EGP
$10.8B
| $4.69M | 0.01% |
63,750
+48,693
| +323% | +$3.52M |
|
1368
Invesco DB US Dollar Index Bullish Fund
UUP
$322M
| $4.69M | 0.01% |
190,000
| – | – |
|
1369
GoDaddy
GDDY
$12.1B
| $4.68M | 0.01% |
135,541
-126,938
| -48% | -$4.05M |
|
1370
Raymond James Financial
RJF
$34B
| $4.68M | 0.01% |
+120,608
| New | +$4.44M |
|
1371
Service Corp International
SCI
$11.6B
| $4.68M | 0.01% |
176,309
-55,516
| -24% | -$1.5M |
|
|
ETP
1372
DELISTED
Energy Transfer Partners L.p.
ETP
| $4.68M | 0.01% |
126,403
+3,531
| +3% | +$139K |
|
|
VXX
1373
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $4.67M | 0.01% |
34,290
+17,498
| +104% | +$2.8M |
|
1374
WSFS Financial
WSFS
$4.02B
| $4.66M | 0.01% |
127,715
+84,217
| +194% | +$3.04M |
|
1375
Valley National Bancorp
VLY
$7.79B
| $4.66M | 0.01% |
478,832
-4,460,437
| -90% | -$41.7M |
|
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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.