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 | |
|---|---|---|---|---|---|---|
1401
Perrigo
PRGO
$1.98B
| $3.85M | 0.01% |
30,100
+24,900
| +479% | +$3.41M |
|
|
UNIT
1402
Uniti Group
UNIT
$2.39B
| $3.85M | 0.01% |
172,988
-997,117
| -85% | -$19.3M |
|
1403
Grupo Aeroportuario Centro Norte
OMAB
$4.97B
| $3.84M | 0.01% |
84,285
+9,587
| +13% | +$369K |
|
|
MAGN
1404
Magnera Corp
MAGN
$443M
| $3.84M | 0.01% |
14,260
+9,888
| +226% | +$2.24M |
|
1405
Vanguard Extended Market ETF
VXF
$31.4B
| $3.83M | 0.01% |
46,218
-66,583
| -59% | -$5.15M |
|
|
BUFF
1406
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $3.82M | 0.01% |
148,697
+115,158
| +343% | +$2.21M |
|
1407
FTI Consulting
FCN
$4.29B
| $3.81M | 0.01% |
107,411
+90,384
| +531% | +$3.03M |
|
1408
Eversource Energy
ES
$26.8B
| $3.81M | 0.01% |
65,300
-1,474,292
| -96% | -$80.4M |
|
1409
Matrix Service
MTRX
$301M
| $3.81M | 0.01% |
215,177
-5,445
| -2% | -$98.3K |
|
1410
Braskem
BAK
$733M
| $3.8M | 0.01% |
294,360
+147,603
| +101% | +$1.89M |
|
1411
PUT
Heron Therapeutics
HRTX
$61.3M
| $3.8M | 0.01% |
+200,000
| New | +$3.95M |
|
1412
AXIS Capital
AXS
$7.25B
| $3.79M | 0.01% |
68,338
-42,784
| -39% | -$2.31M |
|
1413
iShares 20+ Year Treasury Bond ETF
TLT
$46.6B
| $3.78M | 0.01% |
28,926
-33,823
| -54% | -$4.33M |
|
1414
Methanex
MEOH
$4.57B
| $3.78M | 0.01% |
+117,579
| New | +$3.5M |
|
1415
CALL
Golar LNG
GLNG
$5.25B
| $3.77M | 0.01% |
+210,000
| New | +$3.58M |
|
1416
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $3.77M | 0.01% |
76,788
+65,537
| +582% | +$3.13M |
|
1417
Plains GP Holdings
PAGP
$5.4B
| $3.77M | 0.01% |
162,724
-74,563
| -31% | -$1.53M |
|
|
HAPN
1418
Happen Inc
HAPN
$2.11B
| $3.76M | 0.01% |
90,526
-28,709
| -24% | -$1.21M |
|
1419
CALL
Bio-Rad Laboratories Class A
BIO
$10.2B
| $3.75M | 0.01% |
+27,400
| New | +$3.6M |
|
|
TTPH
1420
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $3.74M | 0.01% |
40,436
+1,247
| +3% | +$125K |
|
|
XYZ
1421
Block Inc
XYZ
$48.9B
| $3.73M | 0.01% |
244,268
+135,268
| +124% | +$1.46M |
|
1422
Tennant Co
TNC
$1.16B
| $3.72M | 0.01% |
72,333
-2,840
| -4% | -$147K |
|
|
BCOV
1423
DELISTED
Brightcove, Inc.
BCOV
| $3.72M | 0.01% |
595,927
-30,333
| -5% | -$176K |
|
|
PBPB
1424
DELISTED
Potbelly
PBPB
| $3.7M | 0.01% |
271,940
+249,880
| +1,133% | +$3M |
|
1425
Fossil Group
FOSL
$329M
| $3.69M | 0.01% |
83,122
-75,013
| -47% | -$2.96M |
|
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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.