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 | |
|---|---|---|---|---|---|---|
1376
Expro Ltd
XPRO
$1.97B
| $4.65M | 0.01% |
+59,574
| New | +$4.59M |
|
1377
La-Z-Boy
LZB
$1.3B
| $4.65M | 0.01% |
189,182
-220,219
| -54% | -$6.2M |
|
1378
NETGEAR
NTGR
$585M
| $4.64M | 0.01% |
76,710
+2,223
| +3% | +$121K |
|
|
PGRE
1379
DELISTED
Paramount Group
PGRE
| $4.63M | 0.01% |
+282,662
| New | +$4.86M |
|
|
AMRN
1380
Amarin Corp
AMRN
$313M
| $4.62M | 0.01% |
72,355
+1,414
| +2% | +$79.3K |
|
|
TWTR
1381
CALL
DELISTED
Twitter, Inc.
TWTR
| $4.61M | 0.01% |
200,000
+150,000
| +300% | +$2.82M |
|
1382
Agios Pharmaceuticals
AGIO
$2.02B
| $4.61M | 0.01% |
87,240
-14,661
| -14% | -$638K |
|
1383
iShares Biotechnology ETF
IBB
$10.8B
| $4.61M | 0.01% |
+47,727
| New | +$4.54M |
|
|
PTHN
1384
DELISTED
Patheon N.V.
PTHN
| $4.59M | 0.01% |
+154,887
| New | +$4.24M |
|
1385
PBF Energy
PBF
$8.05B
| $4.58M | 0.01% |
202,405
-851,445
| -81% | -$19.1M |
|
|
VALE.P
1386
DELISTED
Vale S A
VALE.P
| $4.58M | 0.01% |
972,091
-181,282
| -16% | -$823K |
|
1387
Invesco QQQ Trust
QQQ
$485B
| $4.57M | 0.01% |
38,515
-43,094
| -53% | -$4.97M |
|
|
PGEM
1388
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $4.57M | 0.01% |
341,948
+115,510
| +51% | +$1.67M |
|
|
ADAP
1389
DELISTED
Adaptimmune Therapeutics
ADAP
| $4.56M | 0.01% |
646,490
-28,348
| -4% | -$216K |
|
1390
Invesco Mortgage Capital
IVR
$794M
| $4.56M | 0.01% |
29,928
+2,671
| +10% | +$401K |
|
|
CFNL
1391
DELISTED
Cardinal Financial Corp
CFNL
| $4.55M | 0.01% |
+174,240
| New | +$4.38M |
|
1392
Lesaka Technologies
LSAK
$397M
| $4.54M | 0.01% |
530,304
+295,967
| +126% | +$2.93M |
|
1393
Fair Isaac
FICO
$24.7B
| $4.52M | 0.01% |
+36,299
| New | +$4.53M |
|
1394
iShares S&P Small-Cap 600 Value ETF
IJS
$8.32B
| $4.52M | 0.01% |
72,458
+50,156
| +225% | +$3.08M |
|
1395
iShares Russell 2000 Value ETF
IWN
$14.7B
| $4.5M | 0.01% |
43,000
+24,000
| +126% | +$2.46M |
|
1396
Vanguard Morningstar Small-Cap Value ETF
VBR
$38B
| $4.5M | 0.01% |
40,677
+23,798
| +141% | +$2.61M |
|
|
TBI
1397
Trueblue
TBI
$319M
| $4.5M | 0.01% |
+198,351
| New | +$4.33M |
|
1398
Walker & Dunlop
WD
$1.37B
| $4.49M | 0.01% |
177,803
+161,653
| +1,001% | +$4.11M |
|
|
1399
CALL
Procter & Gamble
PG
$337B
| $4.49M | 0.01% |
+50,000
| New | +$4.34M |
|
|
EFOR
1400
Everforth Inc
EFOR
$1.28B
| $4.48M | 0.01% |
123,525
+54,536
| +79% | +$2.03M |
|
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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.