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 | |
|---|---|---|---|---|---|---|
1426
Travelers Companies
TRV
$77.3B
| $3.69M | 0.01% |
31,588
+18,496
| +141% | +$2.02M |
|
1427
Barrett Business Services
BBSI
$810M
| $3.66M | 0.01% |
509,776
+343,476
| +207% | +$2.96M |
|
|
FCAM
1428
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $3.66M | 0.01% |
50,000
| – | – |
|
1429
Silicon Laboratories
SLAB
$7.28B
| $3.66M | 0.01% |
81,337
-24,908
| -23% | -$1.07M |
|
1430
iShares TIPS Bond ETF
TIP
$15B
| $3.65M | 0.01% |
+31,815
| New | +$3.55M |
|
1431
Mueller Industries
MLI
$14B
| $3.64M | 0.01% |
495,416
+101,944
| +26% | +$673K |
|
1432
Insperity
NSP
$1.99B
| $3.63M | 0.01% |
140,548
-30,908
| -18% | -$727K |
|
|
CQH
1433
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $3.63M | 0.01% |
201,076
-160,876
| -44% | -$2.53M |
|
|
SIX
1434
DELISTED
Six Flags Entertainment Corp.
SIX
| $3.63M | 0.01% |
65,391
-84,251
| -56% | -$4.34M |
|
|
BERY
1435
CALL
DELISTED
Berry Global Group, Inc.
BERY
| $3.62M | 0.01% |
+108,900
| New | +$3.17M |
|
|
BNFT
1436
DELISTED
Benefitfocus, Inc.
BNFT
| $3.61M | 0.01% |
108,302
+85,164
| +368% | +$2.54M |
|
1437
Kforce
KFRC
$1.03B
| $3.6M | 0.01% |
184,061
-22,444
| -11% | -$432K |
|
|
OME
1438
DELISTED
Omega Protein
OME
| $3.6M | 0.01% |
212,758
+47,942
| +29% | +$983K |
|
1439
AGCO
AGCO
$7.71B
| $3.6M | 0.01% |
72,470
+62,686
| +641% | +$3.02M |
|
1440
Mercury Systems
MRCY
$5.39B
| $3.58M | 0.01% |
176,611
-21,349
| -11% | -$373K |
|
|
BGFV
1441
DELISTED
Big 5 Sporting Goods
BGFV
| $3.58M | 0.01% |
321,944
+304,121
| +1,706% | +$3.56M |
|
1442
A10 Networks
ATEN
$1.83B
| $3.58M | 0.01% |
603,944
-89,048
| -13% | -$531K |
|
|
LNW
1443
DELISTED
Light & Wonder
LNW
| $3.57M | 0.01% |
378,764
+345,377
| +1,034% | +$2.58M |
|
|
SALE
1444
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $3.57M | 0.01% |
445,664
-144,078
| -24% | -$1.17M |
|
1445
PTC Therapeutics
PTCT
$5.93B
| $3.57M | 0.01% |
+553,961
| New | +$9.61M |
|
1446
First Busey Corp
BUSE
$2.5B
| $3.56M | 0.01% |
173,950
-156,474
| -47% | -$3.05M |
|
|
MITT
1447
TPG Mortgage Investment Trust
MITT
$214M
| $3.56M | 0.01% |
90,813
-7,588
| -8% | -$277K |
|
1448
Nike
NKE
$60.5B
| $3.56M | 0.01% |
57,918
-823,167
| -93% | -$49.7M |
|
1449
Ryman Hospitality Properties
RHP
$9.05B
| $3.54M | 0.01% |
68,772
+36,417
| +113% | +$1.76M |
|
1450
TriMas Corp
TRS
$1.42B
| $3.52M | 0.01% |
200,991
+160,816
| +400% | +$2.75M |
|
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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.